Helen Nugent

Shares bounce back, HQ moves and holiday rip-offs

After a number of dicey days on the markets, UK shares are regaining some of the ground lost in the wake of the Brexit vote. The BBC reports that after increasing 2.6 per cent on Tuesday, the FTSE 100 share index opened up 1.6 per cent at 6,240.31. The FTSE 250 index rose 1.6 per cent in early

More Brexit fallout, personal finances and debt worries

Despite the Chancellor’s efforts yesterday to calm the markets and soothe business fears, the pound hit a 31-year low against the dollar. There was more bad news when the UK lost its top AAA credit rating from S&P. The ratings agency said the the referendum result could lead to ‘a deterioration of the UK’s economic performance,

Housing hyperbole: what’s next for house prices

Without wishing to add to the hyperbole over Brexit (from both sides), it’s fair to say that Britain is all over the place today. From the temporary suspension of trading in Royal Bank of Scotland and Barclays shares and sterling’s continued slide against the dollar, to the slump in the return on government bonds and a profit warning from easyJet,

Brexit, businesses and price rises

In a bid to calm the markets and allay business fears, the Chancellor has said this morning that the UK is ready to face the future ‘from a position of strength’ and indicated there will be no immediate emergency Budget. He said there would be problems ahead, including an ‘adjustment’ in the UK economy but added

A vote for Brexit: the financial fallout

Today the world woke up to a UK vote to leave the European Union, the resignation of the Prime Minister and the tanking of the pound. After a tumultuous night, the result of the EU referendum was declared in the early hours: 51.9 per cent leave, 48.1 per cent remain. Although the pound rallied shortly after

EU referendum, pension woes and the cost of teenagers

The European Union referendum dominates today’s papers. The Times reports that a series of eleventh hour polls suggest the vote is too close to call, with the country split down the middle over the economy and immigration. After a bitterly fought four-month campaign, the Remain and Leave camps were separated by two percentage points, according to

Don’t let burglars get the better of you

When I lived in London, I was introduced to a whole new vocabulary. ‘Blinding’ was a new one on me (for instance, ‘that was a blinding goal’) as was Chalfont St. Giles (don’t ask). But perhaps the most sinister was ‘London bar’. Count your lucky stars if you don’t know the meaning of that last

Pension freedoms, expats and the EU Referendum

A third of the UK population don’t know anything about the pension freedoms introduced by the Government in April 2015, according to the fifth UK Readiness Report from Aegon.  The freedoms, introduced by Chancellor George Osborne, have given people with defined contribution pensions new opportunities to access their pension savings and use this money in

Rent deals, housing hot-spots and sneaky ways to save money

Rents have reversed their Spring trajectory as a tide of homes to let bought before the April Stamp Duty surcharge have reached the private rented sector. According to the latest Buy-to-Let Index from letting agents Your Move and Reeds Rains, average rents for homes to let across England and Wales now stand at £792 a month. This represents

PPI, poor service and mortgage lending down

The Financial Conduct Authority has caved in to banks over payment protection insurance compensation by backing their call for a two-year deadline for new claims, according to internal documents published in The Times. The paper says this is the latest example of the city watchdog softening its stance with banks and comes after a public row over

Inertia means we are paying over the odds for our insurance

I live in a world of Post-it notes. Yellow ones, blue ones, orange ones. They are everywhere. One day someone is going to find my wizened body beneath a mountain of these infernal things. Death by Post-it note. In a world where multi-tasking has become a full-time profession, the humble Post-it note is now an integral

Rent hikes, a wealth tax and huge growth in money transfers

The cost of renting a one-bedroom property in the UK has soared to swallow almost half of the average young worker’s take-home pay, according to figures published in The Guardian, while those living in London are typically handing over 57 per cent of their monthly wages. Data from property firm Countrywide showed that the average

Fears over pension freedoms, rent rises and financial advice

Cracks are beginning to show in the new pension freedoms, hailed by the Chancellor as a ‘pensions revolution’. About 160,000 people have had to pay fees to access their pensions since these freedoms were introduced in April 2015, with some seeing more than 10 per cent of their retirement pot swallowed up by charges. The study by Citizens

House prices forecast to fall for the first time since 2012

Another day, another house price survey. Today’s research from chartered surveyors predicts that house prices are set to drop for the first time since 2012, as demand for property falls at its fastest rate in eight years. The Royal Institution of Chartered Surveyors (Rics) says there will be a short-term drop in UK house prices over the next three

Encouraging news for homeowners but motorists will not be happy

House prices have grown faster than predicted, The Telegraph reports, despite concerns that buyers would hold back ahead of this month’s EU referendum and a lull in the market after the buy-to-let-surge earlier in the year. The annual rate of growth in May was 9.2 per cent, unchanged since April, according to Halifax. Prices had been expected to

Money digest: today’s need-to-know financial news | 7 June 2016

Gloomy news on the front page of The Times this morning: according to a poll for the paper, one in three middle-class people could not pay an unexpected bill without resorting to borrowing. According to research by YouGov showing the squeeze on household finances, 31 per cent of middle-class voters — so-called ABC1s including professional, junior managerial