Leading Tory MP David Davis is backing Financial Mail’s campaign against Government rules that have slashed the income of tens of thousands of pensioners, like John Allen (pictured), who saved diligently for retirement. The cuts, often more than half and applied without warning or appeal, have forced some couples to consider selling their homes while others have had to take out expensive equity release plans to replace the money they have lost.
Click through latest news features
What Amazon didn’t tell MPs on the Public Accounts Committee
Amazon’s profit on its European business, revealed as more than 300 million euros (£241 million) is far higher than the 20 million euros figure given to a Commons committee. The retailer’s company in Luxembourg – Amazon EU Sarl – is the one that actually charges British consumers for their goods and it did indeed make a £16 million profit. But parent company Amazon Europe Holding Technologies, also based in Luxembourg, made £241 million. ...read
LISA BUCKINGHAM: Lights might soon go out across Britain
MORE NEWS HEADLINES
JEFF PRESTRIDGE: Chancellor Osborne, scrap these two vote losers
DON'T MISS
- Accidental landlords: There could be half a million homeowners who let their properties because they cannot or do not want to sell them
- Driving test changes are needed: Insurers demand radical changes to driving test as rural death toll revealed
- TONY HETHERINGTON: Couple's stress 'beyond belief' over timeshare
- Sunday newspaper share tips: We round up the Sunday newspaper share tips: This week Directors' deals, Centrica, Petra and Compass
- Osborne on track as borrowing slashed by £7bn Figures should provide a brighter than expected backdrop to the Autumn Statement
- REVEALED: Secret new mansion tax plan to hammer £1m homeowners
- Osborne, scrap these two vote losers Hopefully, he will execute U-turns on the new tax on children and the pension income drawdown shambles
- MIDAS: Trust the boss who splashes out £1.6m on his own shares Joanne Hart analyses some of the most significant director trades
- LISA BUCKINGHAM: Lights might soon go out across Britain We are becoming ever more dependent on energy supplies from abroad
- Jaguar and Land Rovers to be built for first time in China £1bn deal aims to accelerate global sales
- 'We love cashback websites': You don't have to behave like Scrooge to cut the ever-rising cost of Christmas
- 'I've been forced back to work to make ends meet': Opposition grows to the rule that wrecks retirement
- SIMON LAMBERT: Is France the timebomb at the heart of Europe? Th Economist debunks France's position as a 'safe' eurozone port in the storm
Insurance
Compare thousands of policies
Credit cards
Compare today's best buys and other outstanding offers
Energy bills
Compare the cheapest gas and electricity tariffs in your area
Loans
Our tool scans the market for the cheapest rates on personal loans
Find the best deal for you GO
CITY & FINANCE - AND LATEST MARKET MOVES
TAKING STOCK: Snail-paced probe into gas market will find next to nothing
As the hysteria over energy giants allegedly fixing the wholesale gas price dies down (I predict a near-total exoneration of the industry), customers can focus on the size of their energy bills and company profits. Consumer discontent over energy prices is fuelling a rise in the number of them willing to shop around, particularly when energy company profits are rising.
Latest from Markets
- BP mulls £3.7billion plan to buy its own stock
- EU tariffs on Chinese ceramic imports will save jobs in the UK, says Emma Bridgewater boss
- Royal Bank of Scotland resists calls to sell its US arm
- John Lewis takings up by 7.6% compared to a year ago as it's given a festive sales boost
- Restructuring to propel Euro Disney into the black
- Former Trinity Mirror chief expected to announce early this week he has formed new company called Local World
- Bed retailer Dreams fails to agree terms at Silentnight
- Pub group Enterprise Inns sees profits fall due to poor weather and Olympic disruption
- Travelodge to bunk up with budget fitness chain Gym Group
- Retirement home builder McCarthy & Stone stages a comeback
VIEWS, TIPS & SPECIAL REPORTS
- DAN ATKINSON: Quantitative easing's rewards will punish the Coalition
- ALEX BRUMMER: BP boss Bob Dudley uncorks legal gusher The legal fees involved in settling cases in Russia and the United States will be mind-boggling
- INTERVIEW: Balancing the books at Waterstones James Daunt is convinced he can nurse the book chain back to economic health
MORE MONEY NEWS & ADVICE
'We love cashback websites': You don't have to behave like Scrooge to cut the ever-rising cost of Christmas
Britain is looking for ways to cut the costs of Christmas, without trimming the fun. A third of consumers describe themselves as ‘squeezed’ while a fifth say they are ‘suffering’, according to a new survey. Half of us, like David and Angie Foster (pictured), will spend less this year and here is how the savings can be found. ...read
TONY HETHERINGTON: Couple's stress 'beyond belief' over timeshare
We believe we have lost our money to a sham deal that started in 2009 when we sent £7,500 to London accountant Sochalls for its client, Club Class International. This was a fee to get rid of a timeshare we have owned at Benalmadena in southern Spain for more than 15 years. In 2010 CCI did pay the annual maintenance fee for our timeshare, but in 2011 we received a demand for that year’s fees of £998 and attempts to contact CCI failed.
'I don't mean to sound like a martyr but my biggest achievement now is just to stand up': Martha Lane Fox is back, with a £63bn aim
The poster girl of the dotcom revolution, who sustained serious injuries in a car crash in 2004, is the Government’s choice to spearhead a new digital challenge, trying to capture an estimated £63 billion that Britain is missing out on by failing fully to embrace the internet. ...read
Is France the timebomb at the heart of Europe, as The Economist suggests?
If it was possible to spark a diplomatic incident between a nation and a newspaper, by posing that question, today's Economist just managed it. A high profile debunking of France's position as one of the few 'safe' eurozone ports in the current storm, also raises the prospect of crisis 'as early as next year'.
'The focus is on selling not customer service': Whistleblowers reveal bonus targets Santander staff are pushed to hit
Whistleblowers reveal how they are under pressure to sell products to customers and hit targets at Santander. They say it is demoralising working in the branches and the financially naive are seen as 'easy targets'. Lee Boyce investigates. ...read
Families need to earn £30,000 a year 'to survive' - and that's without holidays or restaurant meals
A new study suggests that an average family now needs a disposable income of £24,801.51 every year for essential expenditure such as mortgage or rent payments, utilities, insurance, food, petrol, mobile phone and landline costs and clothing. The figure has increased by £129.35 since last year, with some costs rising and others falling back.
I'm wasting money paying rent and want to buy a home, what's the most I can borrow on my £14k salary?
I'm currently working full time earning £14,381, what is the biggest mortgage I could get? Our experts take a look at a hopeful first-time buyer's prospects. ...read
Why businesses should listen to The Rolling Stones and learn from their success story
Latest reports from News
- MONDAY VIEW: The deficit is important, but so is growth
- Small companies 'can lead a revival if banks share £80bn,' says BoE
- 'Right to buy out' scheme will let staff take over failed firms
- Thriving Dubai is an export oasis as eurozone crisis deepens
- Taxman to announce a hit squad tomorrow targeting landlords in the South East
- Britain’s richest and poorest households are facing the biggest squeeze from inflation
- Productivity slump 'due to a surfeit of salesmen'
- The Dragons chewed me up, but my organic biscuits are now going in 262 M&S; stores
- Row looms over who will pay for two-year extension to Greece’s deficit-reduction programme
- Heathrow is near 'saturation point' and urgently needs to expand, says Emirates
- Allow some of the High Street to die, says report
- Smartphone app that allows access to blocked content when abroad booms in Arab Spring and China
- DAN ATKINSON: Quantitative easing's rewards will punish the Coalition
- 'I don't mean to sound like a martyr but my biggest achievement now is just to stand up': Martha Lane Fox is back, with a £63bn aim
HOT COMPETITIONS
ANSWERS FROM THE Experts
- ASK THE EXPERTS: Stepson took valuable items after dad’s death
- TONY HETHERINGTON: Couple's stress 'beyond belief' over timeshare
- ASK TONY: My train delay cost me £500 - and I'm still being held up
- Can I trust property company that cold-called to say it can sell my Florida timeshare for £7,000 - but then thought it was in Malta?
- I bought a three-year extended warranty for my Comet dishwasher, am I still covered now it's gone bust?
- I'm wasting money paying rent and want to buy a home, how much can I borrow on my £14k salary?
- Can I pay into a self-invested personal pension for my grandchild who lives in Germany?
- Help! Our mortgage lender has told us to stop letting out the retirement home we can't afford to move into
- Is a 0% credit card the best way to pay for my daughter's post graduate university fees?
- Is it worth switching to Ecotricity for its green energy benefits and will I end up paying more?
Latest from Investing
- Fidelity China Special Situations Investment Trust: Performance remains poor as manager Anthony Bolton targets small firms
- Sunday newspaper share tips: Directors' deals, Centrica, Petra and Compass
- MIDAS: Trust the boss who splashes out £1.6m on his own shares
- Stobart issues bond paying 5.5 per cent to the public
- INVESTMENT EXTRA: Dangers in the rush to buy bonds
- SMALL CAPS MOVERS: AIM in reverse amidst economic uncertainty but DiamondCorp shines out
- The best way to buy and sell shares
- Stobart Group enters the retail bond arena offering investors a 5.5% fixed-rate for six years
- Winter warmer share tips: Five hot stocks to boost your portfolio as temperatures plummet
Latest: Mortgages & home
- Worsening plight of the accidental landlords stuck with TWO loans
- Average rents hit record £744 last month but pace of rises is easing
- Parents warned on perils of helping children get on the housing ladder with guarantor mortgages
- First-time buyers: The essential tools and tips to help you get on the property ladder
- London rents soar by A THIRD in just three years as housing costs in capital leave rest of Britain standing
- France and Spain still most popular destinations to buy a property abroad, despite eurozone turmoil
- Property market gets a mortgage boost but struggles for direction: What next for house prices?
- Biggest rise in house hunters for three years but property prices continue to fall, says RICS
- Mortgage deal of the week: Market Harborough's low-fee three-year fix at 3.25% for remortgages
Latest from Saving & banking
- Homeowners lose out on billions of pounds in loans because banks divert money to handle bogus demands from claims management companies
- Bank customers shell out £650m in penalty fees in a year as they struggle to keep on top of numerous accounts
- 'The focus is on selling not customer service': Whistleblowers reveal bonus targets Santander staff are pushed to hit
- Have only one PIN number? It's YOUR fault if your cash is stolen
- Crash Isa! Options dwindle for tax-free savers as only one easy-access Isa now pays more than 3%
- Our savings picks: This is Money's five favourite best buy cash Isas for 2012 and 2013
- More doom and gloom for savers as rise in the cost of living eats up interest
- More than 900,000 savers whose fixed-rate bond terms end in the next few months face income falling by as much as a fifth
- Tesco rewards young savers with 3% Junior Cash Isa
- LISA BUCKINGHAM: Banks’ time in Wonderland must end soon
LATEST ON HOUSEHOLD Bills
- 'We love cashback websites': You don't have to behave like Scrooge to cut the ever-rising cost of Christmas
- ADAM UREN: It's all too easy to buy too much at the supermarket. So how much do you spend a week?
- Virgin Media hikes prices for 4.2million line rental, phone, broadband and TV – with some paying nearly 10% more
- Orange stages U-turn on axing free broadband after customer backlash - but you must complain to keep it
- British Gas prices rise a day after supplier is predicted to make £575m - while rival manages to CUT bills
- Families need to earn £30,000 a year 'to survive' - and that's without holidays or restaurant meals
- E.ON rumoured to be ready to raise energy prices by 11% for 5m customers in January
- British shoppers overspend by up to £30 at the tills as they get taken in by supermarket tricks
- John Lewis to show 'lifetime running costs' for electrical goods from next year
- Energy bills: Is it worth switching and which are the best deals?
Latest: money and Cars
- Insurers demand radical changes to driving test as rural death toll revealed
- Petrol prices fall by 3p in the last month but dip in Europe wholesale costs 'should have knocked 11p off'
- Motorists flock to order the £6k Dacia Sandero. We reveal Britain's five cheapest brand new cars
- Women's car insurance premiums to rise in just a month, but a third remain 'unaware' of gender ruling shake-up
- Driven round the bend: Ferrari thrill gift for my dad's 70th ended up with the racetrack charging an EXTRA 60%
- Fed up of your car telling you what to do? New EU rules mean they must tell you to change gear, put your seatbelt on and pump up your tyres
- SIMON LAMBERT: I'm not sure bossy cars telling me what to do make my driving safer
- Lower car premiums and summer storm damage hit insurers Direct Line and Admiral
- DIY mechanics: Why pay an expensive garage to sort out basic car problems, when you could do the job yourself?
Latest from Pensions
- 'I've been forced back to work to make ends meet': Opposition grows to the rule that wrecks retirement
- 'My pension income is being slashed by 50%!' Fury over drawdown policy crisis that affects 400,000 savers
- Forget saving for a pension, landlords reckon rental income will see them through retirement
- Pensions savings left teetering on a cliff edge by Bank's money-printing bond bubble
- What next for annuity rates? Predictions from a pensions industry expert
- GET BRITAIN SAVING: No hiding in the shadows, insurers told to publish all pension payouts alongside those of rival firms
- JAMES CONEY: Retirement savers stuck on the edge of a pension cliff
- Britain's biggest insurer is first to reveal new gender-equal pricing - and an income boost of up to 11% for women
Latest from Cards & loans
- Payday loan companies appear to be in breach of regulations
- Watchdog orders ID fraud insurer CPP to refund £14.5m and slams cover as being of 'little or no value'
- Government stalls on payday loan regulation despite 'legal loan sharks' targeting hard-up families at Christmas
- How fraudsters use your Facebook, LinkedIn and Twitter pages to build a jigsaw and steal your identity
- Shock report claims cold-calling PPI firms are taking money from people's bank accounts without permission
- The loan wars: Derbyshire BS slashes interest rates AGAIN to offer market-leading 5.4%
- 'I borrowed for a holiday - but I was confident I could pay it back': Boom in alternative credit and DIY lending could leave banks behind
Latest from Holidays
- Win a £2,000 Christmas for you and your family, courtesy of Avios travel rewards
- Go bare-headed on the ski slopes...but don’t get drunk
- Ryanair to end £6 charge for debit cards - but it can add fee into ticket prices and prepaid cards can no longer dodge it
- Why didn’t Thomas Cook warn me I was flying my family into Superstorm Sandy?
- No more boarding gate scrum: EasyJet delivers free allocated seats on all flights - but you'll have to pay for the best ones
- Not so Comfort Inn: customer survey reveals the UK's best and worst hotel chains
- What are your rights if Hurricane Sandy's wrecked your travel plans?
- Thousands of British travellers stranded by Hurricane Sandy: how stuck passengers can claim help from airlines
- Swizz Air: Budget airline starts charging customers £9 for taking HAND LUGGAGE on flights
- List of top ten cities in the world to visit released by Lonely Planet and the only UK destination is... Londonderry
Broadband
Search for the best providers in your area
Insurance
Compare thousands of policies
Energy bills
You could save £££s on your energy bills. Find out in seconds
Credit check
Get a FREE trial credit check today to see what the financial services industry can see about you
GOWarranties
Get cheaper cover on
Car insurance
Compare more than 100 insurers in less than five minutes
GO