Greek PM calls snap referendum on latest Euro bailout deal - and urges voters to reject it

Greek PM calls snap referendum on latest Euro bailout deal - and urges voters to reject it

In a televised address to the nation Alexis Tsipras revealed that a vote will be held on July 5. He said the latest proposals place 'unbearable burdens' on the Greek people. The move radically raises the stakes in Greece's confrontation with its increasingly angry creditors, whom Mr Tsipras accused of seeking to 'humiliate the country'.

Britain's mammoth deficit set to fall faster than expected in boost for George Osborne ahead of first Conservative Budget for nearly 20 years

Higher tax receipts and deeper cuts to public spending will shave an extra £12bn off borrowing this year, City experts predicted.

Pirate of the Mediterranean: As Johnny Depp puts his £16.5m St Tropez estate up for sale is now the time to take a punt on the French property market?

Pirate of the Mediterranean: As Johnny Depp puts his £16.5m St Tropez estate up for sale

With the pound so strong and the euro so weak, 2015 could be the perfect year to take a punt on the French property market - although not many of us will have the cash to match actor Johnny Depp. In 2001, the Pirates of the Caribbean star bought not one property, but a whole village: a 37-acre estate above St Tropez which has now come on the market for £16.5 million.

Sterling soars to highest for month against euro as Greece teeters on brink of bankruptcy and expulsion from single currency bloc

The pound rose as high as €1.4132 - a level not seen since late May - in a boost to British holidaymakers off to the Continent this summer.

Savers accuse pension firms of thwarting new freedoms: Are providers bungling reforms or just following the rules?

We take a closer look at the rules pension schemes must follow, and highlight some of the cases where savers accuse firms of going overboard or messing up.

Don't be an investment sheep: MAIKE CURRIE looks at four contrarian investment ideas to break away from the herd

Television programme: Shaun the Sheep.

Contrarian investing is about doing the opposite of what most investors are doing. Those who have been brave enough have ended up as some of Britain's most successful investors.

End of a savings era! Savers will no longer be able to snap up Premium Bonds at the Post Office - as NS&I; reveals it sold £13bn of pensioner bonds

Savers wanting Premium Bonds will no longer be able to purchase them over the counter at the Post Office from August, NS&I; has revealed today.

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MARKET REPORT: Stock market's technology sector gets boost as cyber-security company Sophos puts in strong performance on debut

MARKET REPORT: Stock market's technology sector gets boost as cyber-security company

The sale of a near-35 per cent stake in the company was one of the largest flotations by a technology company in the UK, with Sophos valued at £1bn after its shares were priced at 225p each. The offering raised $225m(£143m) for the company, much more than the $125m (£79.6m) it had planned when announcing its intention to float earlier this month. Sophos has gone public at a time of heightened interest in the cyber-security sector, following a number of high-profile hacking attacks on companies.

RUTH SUNDERLAND: Everyone is agreed that Britain has major problems with transport infrastructure - but endless reviews never seem to help

Reports, reviews and commissions are a lucrative line of work for peers, knights and dames and can provide cover for politicians.

ALEX BRUMMER: Greece's brinkmanship with eurozone means financial markets face severe uncertainty for second weekend in row

Eurozone leaders and the IMF have bent over backwards to come up with a deal that would avoid a technical default on Tuesday, when Greece's €1.6bn payment becomes due.

Five questions you need to ask yourself to get the best mortgage

Five questions you need to ask yourself to get the best mortgage

It is hard to walk down a high street or open the finance pages of a newspaper without seeing big adverts showing the latest mortgage rates on offer. Behind the glossy adverts are a whole raft of hurdles you will have to jump over before getting a mortgage. We explain what you need to know.

SIMON LAMBERT: How to spot a Greek euro note (again) - and why this old chestnut is a damning indictment of the eurozone crisis

euro.jpg

The failure to deliver a proper solution to Greece should be a lesson for decades to come - if your initial cure has spent the past five years making things worse, stop prescribing it.

'Abellio Greater Anglia's senseless rules left me £1,500 out of pocket': What happens if you need a refund on your rail season ticket?

Lorraine Parker, 51, has been left infuriated with train firm Abellio Greater Anglia after it refused to refund part of her yearly season ticket despite having a change in job circumstances.

Ministers accused of burying bad news on HS2 as fears of spiralling costs are laid bare in previously hidden official reports

Undated file handout image issued by HS2 of the Birmingham and Fazeley viaduct, part of the proposed route for the HS2 high speed rail scheme, as Labour has threatened to withdraw support for the HS2 rail project if the bill rises above £50 billion. PRESS ASSOCIATION Photo. Issue date: Sunday August 25, 2013. Shadow transport secretary Maria Eagle said her party's backing depended on costs being kept under control. See PA story POLITICS HS2. Photo credit should read: HS2/PA Wire

Campaign group StopHS2 said ministers had chosen the same day as a row over rail funding to publish a highly critical report casting doubt over HS2's feasibility and classifying it an 'amber-red' risk.

British tailor facing insolvency after cut in orders from high street giant Marks & Spencer

M&S; has been using Cheshire Bespoke, which is the last large-scale tailor in the UK, for the past 18 months to supply it with menswear for its Best of British range.

From a new vase, to tools for DIY and parts to fix broken toys: Start-up brings 'affordable' 3D printing to the home

Start-up Robox brings 'affordable' 3D printing to households for £1k

3D printing is taking the world by storm. Once securely in the realm of science fiction, printing in three dimensions is well on its way to being a standard household product. British company CEL is at the forefront of delivering 3D printing to the domestic market. The company's website states that their Robox 3D printer is for 'the small start-ups, artists, architects, hackers/makers and especially students and children'.

ALEX BRUMMER: Could the pensioner bonds savings giveaway have been used for something more productive?

There have been some cries of foul about the 65+ bonds from the economic right and the left because of the premium interest rate over UK gilts and bank deposits.

Sharp decrease in properties available to let, as figures reveal Britain is most expensive country in Europe for rents

The number of properties available to rent decreased sharply in May to reach the lowest level recorded this year, data from ARLA shows

Are you putting aside 12% of your wages for old age? Auto-enrolment hailed a success that makes many more save for retirement

Record numbers of people are now saving an 'adequate' 12 per cent of their salary towards retirement due to auto-enrolment, new research shows.

SMALL CAP MOVERS: Former Quindell chief Rob Terry raises the stakes at Imaginatik 

Rob Terry - Quindell.

Terry, who was ousted from the insurance claims processing firm last year, lit a fire this week under the share price of Imaginatik, the self-styled innovation solutions consultancy.

McLaren profits rocket 233% as the world's wealthy petrolheads fall in love with British supercars

McLaren profits up 233% as world's wealthy fall in love with British supercars

The Woking-based sports car maker, which has been making vehicles commercially for just four years, said sales grew 67 per cent to £475.5m in 2014, due to strong worldwide demand, especially in the US, China and Europe. McLaren cars were snapped up by buyers in 30 countries through 71 retailers, including 248 of its P1 supercars which have a price tag starting at £1m.

Number of new homes built soars 15% as property market momentum gathers pace - but are we building enough?

Homes in south Derbyshire as mortgage payments for new borrowers have reached their most affordable levels for 14 years, with typical payments in some areas of Scotland and northern England taking up less than a fifth of disposable incomes, research from Halifax has found. 


PRESS ASSOCIATION Photo. Issue date: Monday January 16, 2012. Average mortgage payments for new borrowers, including first-time buyers and home movers, stood at 27% of disposable earnings in the fourth quarter of 2011. This marks the lowest proportion since spring 1997 when a 26% proportion was recorded, and stands well below the 37% average over the past 27 years. The study also highlighted a 'clear North/South divide', with the least affordable areas located in London and the South East. Kensington and Chelsea in London was named as the least affordable local. See PA story MONEY Mortgage. Photo credit should read: Rui Vieira/PA Wire

Data from the National House Building Council show 43,987 new properties were registered in the UK between March and May, a 15 per cent increase on the same time last year.

Could you unlock the value in your home for less? Pensioners who took equity release can switch their loan to a cheaper deal

DGXCRP Padlock having the shape of a house, home security concept

Thousands of older homeowners who unlocked cash from their property may be able to slash their interest bills.

Would you rent out your car to cover its cost? Ford opens up sharing economy to drivers to let them earn up to £3k a year

Ford Credit has partnered with easyCar Club to let drivers on hire purchase agreements benefit from the sharing economy's returns.

DOGBERRY: Sir Nigel Rudd, City grandee and chairman of the Business Growth Fund, 'guilty' of bare-faced hypocrisy

Constable Dogberry in Shakespeare's Much Ado About Nothing mangles every word he utters - and so do many business leaders. We put the worst offenders in the dock.

Worried about your credit rating? Marbles credit-builder card offers market-beating interest rate

Marbles credit-builder card offers market-beating lower interest

Credit builder cards can help build a record as a reliable borrower for those struggling to get a mortgage or qualify for the most popular financial products, but these cards are worth ditching once your rating improves. The new marbles card offers a market-beating low interest rate of 24.8 per cent to those who apply through a price comparison site

Amazon stokes row over internet giants' tax bills as it pays £11.9m in tax on £5.3bn worth of UK sales

Feature on Amazon.Com / Amazon.Co.Uk, online shopping was founded by Jeff Bezos and launched in Britain in October 1998, Pictured is the Amazon warehouse in Milton Keynes which has 41 million customers worldwide.


Marstongateext4.jpg

The news will fan the flames of the argument over internet giants' tax bills, with firms such as Amazon and Google attacked for booking profits in lower tax countries.

Monthly credit and debit card spending hits £50.7bn with entertainment accounting more than a quarter of purchases

BR78CN Woman shopping online

In April consumers reached for their cards almost 25,000 times a minute making a total of 1.08 billion purchases with 11.4 per cent of these were made online.

'When mum died, Lloyds made the grief even harder to bear': Our writer's moving account of why big firms MUST change the insensitive way they treat bereaved families

'When mum died, Lloyds made grief even harder to bear': Big firms and bereavement

Mum had been a customer at Lloyds Bank for around 25 years, writes VICTORIA BISCHOFF (pictured left with her mother Julie before her death in April). The staff in her local branch in Coventry knew her well, so they had recognised me the moment I came through the door. The woman behind the counter went pale. 'You're Julie's daughter, aren't you?' she said. 'I know what you're here to say.' Victoria is pictured right with her big sister Stephanie who died of skin cancer in May 2014.

The Investing Show: Are dividend shares expensive? We get a fund manager's tips for income & growth

Investing Show: Are income shares too expensive?

Fund manager Eric Moore, of Miton Income fund, reveals why dividends and growth are the secret to long-term investing success, in the Investing Show. He explains why he thinks UK dividend shares are not too expensive right now and how thinking about a bottle of whisky can help explain the blend for a good portfolio.

Investing with the crowd: Bonds and start-ups can earn you 6.5% a year - but are they safe?

How to invest in retail bonds and crowdfunding

Would you invest in your favourite sports team? What about backing a mobile phone app or your favourite TV chef in an attempt to earn some extra interest on your cash? New breeds of investment allow you to take a punt on trendy, aspirational British businesses, as well as more established names.

Coining it for the Queen: How the £11bn Crown Estate makes a mint for the nation

Coining it for the Queen: How the £11bn Crown Estate makes a mint for the nation

The landlord and developer, which dates back to 1066, returns all profits to the Treasury which then dispenses 15 per cent of them to the monarchy through the Sovereign Grant. So a 6.7 per cent rise in annual profits to a record £285.1m for 2014-15 means the Royal Family will get a cut of £42.8m in 2016-17 - up £2.7m on the previous year.

Return of the interest-only mortgage: Fierce competition among lenders is making it easier to take out risky loans 

HOUSE WITH BRITISH POUND SIGNS FROM CHIMNEY. REGARDING  ENERGY COSTS.

 Image shot 2012. Exact date unknown.D07DD8

Lenders have begun introducing deals allowing borrowers to take out an interest-only loan with a deposit of 25 per cent and pay it off when they sell the property.

Lloyds bonuses under attack after state-backed lender pays ten senior executives £1.05m in shares

Pedestrians walk past a branch of Lloyds bank in London, England on 03 February 2014. 
Lloyds Banking Group has announced that it will set-aside 1.8 billion Pounds (2.1 billion Euros) for claims of mis-selling of payment protection insurance (PPI).  

epa04053691 
EPA/FACUNDO ARRIZABALAGA

News of the rewards, which stem from the first tranche of the 2014 share bonuses and the latest instalment of deferred bonuses awarded in the previous two years, has provoked anger.

How to take create a UK tech titan: New ARM boss Simon Segars reveals how in his 25 years at the firm it has gone from barn to behemoth

When Simon Segars arrived for his first day at ARM, he was greeted by the site of a computer being soldered together for him to use. In the years since, it has gone from barn to behemoth.

Trinity Mirror doubles cost savings target to £20m as advertising revenues continue to shrink

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The company, which has been battling lower advertising rates at its flagship publications The Daily Mirror and Sunday Mirror, said the move was necessary in order to protect profits.

Bundesbank president hits out at Greek banks using emergency funds to pay savers scrambling to empty their accounts

File picture shows Jens Weidmann, President of German Bundesbank, as he answers reporter's questions during an exclusive interview with Reuters at the Bundesbank headquarters in Frankfurt, April 16, 2012. A German government spokesman said on August 31, 2012 that Chancellor Angela Merkel and Bundesbank President Jens Weidmann talk regularly on the phone, but he declined to comment on a report that the country's top central banker had threatened to resign. Picture taken April 16, 2012.   REUTERS/Kai Pfaffenbach/File (GERMANY - Tags: BUSINESS)

In a sign patience with Athens is wearing thin, Jens Weidmann, an influential figure at the European Central Bank, said use of the funds for this purpose may breach EU law.

Relieved investors pile back into UK company shares after Conservatives' decisive General Election victory

It is a dramatic reversal from before the polls, when small shareholders were shying away for fear of a Labour triumph.

INVESTMENT CLINIC: Why does Hargreaves Lansdown want me to pay a £30 fee for closing an Isa I opened eight years ago?

Hargreaves Lansdown wants me to pay a £30 fee for closing an Isa

I opened an Isa with Hargreaves Lansdown eight years ago and want to close it. I'm told there is a £30 fee for closing the account, but this wasn't the case when I took it out, so do I have to pay? Holly Black answers a reader's question.

Want a cheap and easy income drawdown plan? State-backed pension provider NEST is working on an answer

NEST has floated the idea of a low-cost retirement income product that combines cash, investments, and an annuity that starts paying out if you live beyond 85.

Britons expect to work longer and still end up strapped for cash in retirement, official study reveals

The majority of people fear ending up with too little money for a comfortable old age and a growing number now plan to retire later in life, new ONS research shows.

How many years of National Insurance do I need for the new flat rate state pension and can I buy extra credits?

Can I buy extra years National Insurance for new flat-rate state pension?

I will reach state pension age in a couple of years but I am worried that I will not have paid enough national insurance contributions to qualify for my state pension. How many years of work do I need to be eligible for the new single-tier state pension and can I buy extra credits?

ASK TONY: Expedia won't refund flight unless my grandmother is dead!

ASK TONY: Expedia won't refund flight unless my grandmother is dead!

I bought a ticket through the travel company Expedia for my mother to fly from Denver, Colorado, in the U.S., to visit me in Britain. She was due to fly on June 9. Unfortunately, my grandmother, for whom she is the primary carer, had a heart attack, so my mother was unable to make the journey.

I took out a self-cert mortgage and have now fallen onto my lender's expensive standard variable rate - what can I do to get a better deal? 

Our original mortgage, with Nationwide, was a self-certified loan. Do these still exist? If not how do I now find a new fixed loan as we are stuck on our lenders standard high rate?

Three signs savings rates could be about to rise - but it won't be the High St giants to thank

Savers have found it a struggle to find a decent home for their cash. Things, however, may be about to turn a corner. That's according to James Blower, managing director of The Savings Guru.

Is now a good time to buy a classic car - and what are the most bankable models? We reveal six future stars

Is now a good time to buy a classic car? We reveal six future stars

James Knight, head of Bonhams' motoring department, has been auctioning cars since 1984 and says he has never experienced a long-term downturn in the market. Here he passes on some of what he's learned.

How to survive your Greek holiday - bring as much cash as possible

Beautiful white church above Chora on Skopelos island, Greece; Shutterstock ID 184472996

Philip Knowles and Julie Graves own a little villa in Peloponnese.They usually keep their spending money in a Greek bank, but this year have bought cash to cover their 12-day trip.

Car insurance for young drivers reverses 10.3% in the last year but that spells bad news for older motorists...

Research company Consumer Intelligence found that average cheapest premiums for motorists over 50 are now 5.3% higher than they were a year ago.

Two new best buy fixed-rate savings accounts launched by challenger banks including table-topping 12-month deal

Two new best buy fixed-rate savings accounts launched by challenger banks including

Two challenger banks have launched best buy savings deals which fire to the top of the independent This is Money tables. Charter Savings Bank, which opened for business earlier in the year, has fired to the top of the 12-month table with a new two per cent rate.

In the fast lane! Reports show nearly 120,000 new cars rolling off UK production lines last month

Nearly 120,000 new cars rolled off production lines in Britain last month - with around four in five earmarked for export. Figures show UK car production rose 2.3 per cent in May to 119,338.

Do you need a post-nup? Now couples are signing break-up agreements AFTER marriage to help divide assets

Actor Billy Bob Thornton as newly engaged Howard Doyle and Catherine Zeta-Jones as Marylin Rexroth make a pre-nup visit to Miles Massey's office in the romantic comedy film "Intolerable Cruelty" which opens October 10, 2003 in the United States.  NO SALES  REUTERS/Universal Studios REUTERS

Much like pre-nups, post-nups are contracts drawn up by couples to lay out how assets would be divided in the event of separation or divorce.

ED MONK: Do landlords really have a tax advantage? Yes and no - Will it be removed? No chance  

ED MONK: Do landlords really have a tax advantage? Yes and no - Will it be removed? No

Not everyone agrees there is a true advantage for landlords. That's because in another important way landlords pay more than the rest of us. Whatever you think, there will be no sudden removal of landlords tax breaks. Why? The answer is revealed in exchanges, conducted over the past year, between Mark Carney and George Osborne.

House hunters face smallest cuts to asking prices in five years - but buying agent says it's still worth making an offer... and here are his tips

House hunters face smallest cuts to asking prices in 5 years

Property hunters are finding haggling over price increasingly difficult with the average home carrying a reduction of just 6% from its original listing, Zoopla says. But buying agent Henry Pryor says people should not be afraid to make an offer - and gives us his tips.

Would you rather have a shoebox in London or a mansion in Wales? One square metre hits £12k in Kensington, as Britain's property divide spreads

£12,000 for a metre of space in Kensington & Chelsea

The gulf in property prices between London and the rest of the UK means that for the price of a 40 square metre one-bedroom flat in Kensington and Chelsea, a buyer could instead opt for a 512 square metre mansion in Wales.

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50 ways to save money: Simple steps to cut what you spend that could clear your debts or seriously boost your savings

50 ways to save money....

To clear the average national household debt of £13,000 at 6% interest with a monthly repayment of £100 will take around 17 years. There are, however, plenty of simple ways to make significant savings on your regular spending that could clear your debt - or boost your savings - in less than a year. This is Money's top 50 - updated - money-saving tips may appear light-hearted but are deadly serious.

How to choose the best (and cheapest) DIY investing Isa - and our pick of the platforms

Pick the best (and cheapest) investment Isa platform

Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

Revealed: The world's cheapest and most expensive stock markets - and where the UK stands

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We highlight the world's cheapest and most expensive stock markets, measured on three popular valuation tools and where the UK sits.

INVESTING TIPS: Fund and trust ideas for beginner and cautious investors

L Board sign on the rear of a blue saloon car , UK

If you are new to investing then the huge number of funds and investment trusts on offer can be confusing. Fortunately, This is Money's experts have some ideas to get you started.

INVESTING TIPS: Top fund and trust ideas for income investors

Income investing: Dividends can deliver both a healthy boost to long-term growth and a way to earn from your investments.

Income investing can let you draw on your portfolio or reinvest dividends to build solid growth over time. Our experts give their fund and investment trust recommendations.

INVESTING TIPS: Top fund and trust ideas for emerging markets

On the up: Emerging markets such as Brazil are where much of the world's growth is expected to be over future years.

If you're looking to add some flair to your investing Isa with emerging markets, This is Money's experts have some ideas to get you started

When will interest rates rise? Deflation ends already but even an early 2016 rate rise remains 'touch and go'

When will UK interest rates rise?

Britain is out of its short-lived flirtation with deflation, with the consumer prices index up 0.1 per cent in the year to May, according to ONS figures. The news arrived the day before MPC minutes revealed another unanimous hold in June with the course still set for an initial base rate rise in the first half of 2016.

Our savings picks: This is Money's five favourite best buy cash Isas for 2015

"No smoking" sign on a wall --- Image by © Christopher Stevenson/Corbis

We pick our five favourite cash Isas for savers. This is essential Isa reading and is kept up-to-date throughout the year

What next for mortgage rates? Fixed rates tumble to as low as 1.09% as homeowners get golden opportunity to lock in

Mortgage rates.jpg

If you are looking for a mortgage, rates have never been lower. We run the rule over the top deals available and whether now is the time to fix.

Looking for a better bank? This is Money's five of the best current accounts

Best five: which current accounts offer the best perks?

How hard does your bank account work for you? Here's our pick of the best accounts to make your money work harder, cut down on fees, or get free stuff.

What next for house prices? House prices rise across the UK but London has caught a chill

spt_split-weather-houses.jpg

House prices are rising across the UK but London has caught a chill - property in the capital remains expensive but prices are slipping back from their peaks. We look at the latest figures.

Ten tips for buy-to-let: the essential advice for property investors

Ten tips for buy-to-let

For many buy-to-let looks an attractive income investment in a time of low rates and stock market volatility. Climbing house prices, rising rents and improving mortgage deals are tempting investors - although they will need a big deposit. Read This is Money's top ten buy-to-let tips

Best paid UK jobs 2014: Compare your pay to the national average in the league table of salaries across 350 trades and professions

Best paid UK jobs 2014 Compare your pay to the national average

The influence of financial services on the economy is spelled out again as City brokers steal top spot in this year's official list of highest earners. According to the detailed 2014 annual salaries survey, brokers pocketed around 40 times more this year than those at the bottom of the list - the people responsible for keeping children safe on the way to school. Lollipop crossing patrols earned around £3,400.

Premium Bonds winners

June 2015
Prize value Winning bond No. Area
£1,000,000 164RC791582 Overseas
£1,000,000 133MV876632 Wirral
£100,000 73BT506847 East Sussex
£100,000 198FK110801 Derbyshire
£100,000 181PX471387 Bradford
£100,000 129KY401875 Bristol
£100,000 112RR370485 Swansea
£50,000 63YX411084 South Yorkshire
£50,000 220NP065394 Overseas
£50,000 219HQ388251 North Yorkshire
£50,000 209HP596747 Ealing
More Premium Bonds winners
   

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