Low-cost energy firm shuts down - leaving customers in the lurch

GB Energy Supply's shock closure over the weekend has been blamed on soaring wholesale prices, which made its ultra-cheap prices unsustainable. Experts said it highlighted a growing problem for the industry, with many smaller players struggling to turn a profit. The price of oil has doubled since January and is now hovering under $50 a barrel, while wholesale electricity costs are up by more than a fifth.

The results of the Bank of England's annual stress test to see how well lenders cope in a major downturn are due on Wednesday, with Barclays and RBS expected to fare worst.

Eight things you need to do to get richer after the Autumn Statement

The Chancellor of the Exchequer's first - and last - Autumn Statement was very much focused on measures to keep the economy out of recession. But there were announcements that impacted significantly on our personal finances, for better and for worse. We look at eight key areas that will be affected - and how you can tackle them or take advantage.

Hurst, famous for his hat trick that secured the 1966 World Cup for England, believed he would never see again the £253,000 deposit he made on a dream home in Marbella in 2004.

Can you legally take out an insurance policy without authority and then make the insured person responsible for it? This happened to me and the insurer is trying to make me pay.

The Chancellor froze fuel duty in the Autumn Statement last week at 57.95p per litre, the level it has been at for more than five years, but events elsewhere may drive up petrol prices soon.

Five-year fixed rate loans are the cheapest they have ever been, on average below 3 per cent. They have the added attraction of carrying borrowers through the ups and downs of Brexit.

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TRADER TIPS: City insiders say buy Domino's but sell Pets at Home

Domino's has announced it is aiming to increase its stores to 1,600 - up from a target of 1,200. The pizza group is on track to open 80 this year, taking it to 950 across the country. Numis said it was trading well and it was confident on sales prospects. But analysts noted that Pets at Home had not promised an end to earnings downgrades.

The respected chief executive resigned less than two years into the role amid reports of deepening frustration between managers and the company's new Chinese owner.

It was sold last week for £1.4bn to China's biggest travel company Ctrip - 15 years after it was dreamed up over a pint in a pub.

Labour peer Lord Bhattacharyya told business leaders the firm would make 'major announcements' about growth in the UK, with reports of up to £100m a year in investment.

LSE is set to sell the operation to appease competition watchdogs ahead of its £21bn takeover by Deutsche Borse.

Philip Hammond delivered an Autumn Statement without gimmicks. That alone merits three cheers. Ill-thought through policies aimed at grabbing a headline became too common under Osborne.

MIDAS SHARE TIPS: Tech incubator Mercia has its eye on the long game 

Small businesses are the engine of economic growth, a sentiment echoed in Chancellor Philip Hammond's Autumn Statement last week. As such, he is determined to help them, particularly technology firms and those outside London and the South East. Mercia Technologies is ideally placed to benefit from his good intentions. The group aims to help up-and-coming technology firms in the regions, primarily the Midlands, the North and Scotland. As they grow and their value rises, Mercia's shares should follow suit.

Equipment hire specialist Lavendon, which helped to install the Christmas lights in London's Regent Street, has had an exciting week.

I got involved in Asos in January 2006 when shares were 85p. I sold the bulk of the holding for £47 a share. But in AIT, shares fell 80 per cent in a single day and two individuals were eventually jailed.

For the seventh consecutive year, the Kames UK Equity Income team have managed to increase the fund's annual dividend payout.

Donald Trump is investing in it, the UK Government has announced a raft of spending, and experts say it's what will keep global economies growing. Infrastructure has been the buzzword of recent weeks.

What's wrong with the UK housing market and how do you fix it?

Chancellor of the Exchequer Philip Hammond this week promised that this government will be the one to get Britain building again. But will a few billion pounds solve decades of neglect that have left Britain in a housing crisis?

Leaked details of a forthcoming housing White Paper revealed that, among the options being considered by ministers, is targeted support for prefabricated or 'modular' homes.

Christmas is a time for giving - and you can start by donating money to charity when sending your greetings cards.

Maserati's Levante SUV review: It's a sporting bid for the school run

While 95 per cent of customers for the Italian maker's grand tourers, sporty coupes and softtops are male, British bosses say they expect up to 40 per cent of the takers for its Levante 4x4 to be women. The Levante is expected to be a popular sight around upmarket shopping areas.

The nation's biggest car builder has revealed plans to build electric models in Britain during an industry meeting this week. According to reports, it could mean an extra 10,000 UK jobs.

If someone asked you to name a collectible Ford from the 90s, we doubt many people would say the Granada Scorpio. However, this one is a little different, as it's a low-mileage test mule.

Seven tips to sell your home this winter

The housing market traditionally begins to slow in the run up to Christmas as people postpone life-changing decisions until the New Year. But you can still proceed with your sale in December by following these seven tips - and with a shortage of homes going up for sale it may stand out more.

Buyers typically pay an extra £119,000 to live in a property based in a National Park, with the New Forest being the least affordable in Britain and Snowdonia being the most affordable.

Londoners earn an average salary of £33,720, according to research from property firm Hometrack, but the average cost of buying a home has risen 86 per cent since 2008.

Why was I charged £50 when I cancelled my car insurance during the cooling-off period? 

I helped an elderly neighbour to cancel her car insurance in the cooling-off period but she was charged £50 and now the insurer, One Call, won't return any of her phone calls or my emails, even though we have proof it was cancelled in the 14-day window, will she be able to get the money back?

Formula 1 may face EU probe over tax deal with HM Revenue & Customs 

Formula One could be on track for a tax investigation by the European Commission after research revealed that it has avoided paying at least $500million (£400million) over the past decade in an agreement with HM Revenue & Customs. F1 is based in London and in the year to December 31, 2015 its parent company Delta Topco made underlying profits of $463.6million on $1.7billion of revenue. However, an investigation by ITV News revealed that it paid just $6.5million in corporation tax. Delta Topco is based in Jersey and its offshore subsidiaries have given huge loans to the UK-based companies which generate F1's profits.

The British betting giant is understood to have appointed advisers within the last few weeks to work on the proposal.

We round up the Sunday newspaper share tips. This week Midas looks at Mercia and Lavendon, while Questor looks at Granger.

The chain, which is run by millionaire Malcolm Walker, blocked the slogan 'Inspired by Iceland'. But the name was actually being used by the Icelandic government, enraging ministers.

Done, who founded Britain's biggest independent bookmaker 50 years ago with his brother Peter, is understood to be keen to sort out a succession plan.

Householders are cancelling healthcare insurance policies in the face of rising insurance taxes, the boss of AXA UK, Amanda Blanc, warned this weekend.

Rapha, founded in London in 2004 by cycling enthusiast Simon Mottram, is known for high-performance gear and premium prices.

Wall Street surges to record highs as Trump rally  gathers pace

Bumper Black Friday sales spurred fresh excitement on the markets, pushing the Dow Jones and S&P; 500 to fresh peaks after Thursday's Thanksgiving break. The stock rally in the United States on the back of hopes of a spending boom for infrastructure projects is giving fuel to traders across the globe, with many UK companies making profits across the pond. And it's boosting the funds of British savers who hold giant American firms in their pensions.

Britain's high tech sector has a 25% gender pay gap - and smaller firms are the worst

The gender pay gap in the UK's high tech sector is 25 per cent - significantly higher than the national average of 18 per cent. Consultancy Mercer, which analysed data from 66,000 employees across 153 countries, found small firms had the largest pay gap, with a 30 per cent difference in median pay between men and women, and 26 per cent for mean base salaries. The difference fell as the size of companies grew.

Co-founder George Bramble, below, said: 'The business was launched late in 2009 with my business partner, Toby Massey.

The Flat Rate Scheme for VAT, designed to cut bills and red tape for small firms, is being overhauled in a measure the Chancellor said would stem abuse of the scheme.

The platform, which helps firms to release funds tied up in invoices with long payment terms, took 14 months to double the sum lent in the previous five years.

Singapore topped the study of 85 countries, conducted by the Mara Foundation and Opinium Research.

Landlords can avoid becoming the villains of the tenants fee crackdown

Landlords are always ripe for a kicking in some circles, so it should come as no surprise that they were swiftly painted as potential future villains in the ban on tenant fees. But landlords have as much right to be angry as tenants over letting agency fees and it is easy for them to fight back.

Buyers will have to be told the difference between a provider's own offer and the best deal available - in pounds and pence annual income - from an annuity comparison tool covering every firm in the market.

Unveiled in the Autumn Statement, the bond will be available from spring 2017 and pay out the market-leading rate on deposits of between £100 and £3,000.

How to beat low cash Isa interest rates

The average easy-access Isa now pays a miserly 0.73 per cent, according to figures from personal finance site Moneyfacts.   This spells more bad news for savers: prices are currently rising by 0.9 per cent a year and with a sharp rise in inflation on the cards according to predictions, savers could soon begin to see the value of their savings pot severely eroded.

UK-based companies accounted for 13 out of the top 20 highest rated companies, including pharma company GlaxoSmithKline and supermarket Waitrose.

For 35 to 54-year olds, upping contributions is unlikely to be enough on its own, and they might have to work longer and use other assets like property to generate a better retirement income.

Millions of UK couples keep their income a secret over break-up fears

Millions of couples aged 40 or over are squirreling away cash which their partners know nothing about. Around one in six people admitted in a survey that they've not told their partner how much they earn, Prudential said. With many keen to keep their cash habits a secret in case of a future break-up, around 9 per cent of people confessed to having secret savings and investments their other half has no knowledge of.

The German-owned discounter announced it will pay the higher voluntary Living Wage rate of £8.45 an hour and £9.75 in London from March.

The AA's 11-minute movie has been created following mounting concern about the 'epidemic' of illegal mobile phone use while driving, causing multiple deaths and serious injuries.

With inflation rising, how can you make the most of your investments?

After several years of low inflation, the weakness of sterling post-Brexit, and a Donald Trump win means it could rise as high as 4 per cent by the end of 2017, according to NIESR. How can savers combat inflation and can investors use it to their advantage?

The OBR forecast a £122billion rise in UK debt, with £58.7billion blamed on Brexit. That came as it said the UK would not fall into a recession, but growth would be lower.

Three quarters of homeowners lose thousands of pounds every year by failing to switch

Three quarters of British homeowners have stuck with their mortgage lender despite the fact that switching provider could save them an average of £2,800 a year. Research by YouGov and mortgage broker firm Trussle found mortgage holders were more than twice as likely to have switched energy provider than their current mortgage lender - despite the annual savings from doing so being far lower.  Switching energy provider can lead to savings of around £200 a year, a trifle compared to the £2,800 the average UK household could save by shopping around for the best mortgage, claimed Trussle.

In September around 15 per cent of consumers switched, pushing the annual switching rate for the previous 12 months to 14.9 per cent for gas and 14.8 per cent for electricity.

The Treasury expects to rake in £3.1billion more than it originally expected from the 3 per cent stamp duty tax which was introduced in April on second homes in England, Wales or Northern Ireland.

AUTUMN STATEMENT 2016 IN BRIEF: Key points at a glance

Philip Hammond's first mini-Budget provided some cheer with increases to tax allowances, the National Living Wage, and a new savings bond. The state of Britain's finances were laid bare, with Mr Hammond confirming the government is no longer seeking a budget surplus in 2019/20, and he also announced plans to abolish the Autumn Statement - only to convert it into an Autumn Budget with a Spring Statement!

Plans to unlock £1bn of new finance to help the fastest-growing businesses grow could help stem the flow of Britain's most promising tech stars being sold to overseas giants.

Philip Hammond told MPs he would be compiling a major report into the impact that state spending on pensioners has on the health and social care of an ageing population.

Former John Lewis boss Sir Charlie Mayfield has been appointed to improve the quality of management in the UK and end the David Brent factor.

BT and its infrastructure arm Openreach have been accused of failing to invest enough money in fibre broadband, leaving households and businesses struggling to get online.

A row has erupted in response to the tenant fee ban, with some landlord and agents reacting with fury to what they say are 'unworkable' plans that would have a 'boomerang' effect.

The policy is designed to help the thousands of tenants paying hundreds of pounds in upfront fees But it will end up hurting the people it was designed to protect.

Philip Hammond backs plan to curb salary sacrifice in Autumn Statement

Hammond has backed recent HMRC proposals for a crackdown on using the loophole for smartphone and gym contracts, buying cars and TVs, or private medical insurance. But work-related benefits deemed more worthy, like pension saving and advice, childcare and bicycles, will still be allowed. 'Salary sacrifice' allows employers and their staff to reduce their National Insurance payments legally, through workers taking pay cuts in exchange for work-related perks.

Tom Birch, 43, from Bath, earns £100,000 a year in his financial services job and receives extra life insurance, dental cover, and critical illness cover through a salary sacrifice scheme.

The initiative is aimed at stopping scammers and unregulated firms from tricking savers into putting money into fraudulent or high-risk schemes.

Over-55s who start accessing their pension pots will only be able to put away £4,000 a year and still automatically qualify for tax relief from next April, down from £10,000 at present.

Insurers have slammed the rise which has pushed the tax up to almost double what it was in 2015 and they predict it will lead to an increase in the number of uninsured drivers on the road.

The F1 car you can legally drive on the road

Just like Lewis Hamilton, you could be clambering into your very own F1 car on a Sunday morning. The only difference is you could be driving yours to a Harvester for a roast dinner. This fully road-registered UK car is up for sale at auction next month - here's everything you should know about it.

If you want to travel in the utmost luxury with the wind flowing through your hair, your best option on four wheels is probably the £267,000 Rolls-Royce Dawn... until now.

Zero to 62mph in 2.7 seconds with zero tailpipe emissions. That's the promise from Chinese electric car brand NextEV, which will make just six of these $1.2 million road racers for its investors.

PayPal knows my son died four years ago but they still won't unblock his account

I sold something on eBay in March for £273 but the money went into my son's account, who sadly passed away four years ago. I've sent the death certificate and my identification to Paypal but it's now asking for a legal letter to release the money to me, which will cost £200-£300.

For the residents of Lees in Greater Manchester Barclays' decision to close the local branch is a disaster. The nearest branch will be more than three miles away in Oldham.

Building societies have been forced to reduce the interest they pay on new and closed accounts. Nationwide has cut rates to as little as 0.1 per cent on some old accounts such as Instant Saver.

Personal allowances and how you can earn £27,000 tax free for 2017/18

There are legitimate and important new ways to earn more cash and beat the taxman. Canny money-makers can end up with thousands more in tax free earnings every year than the average UK take home pay. How? Here is our step-by-step guide of what you need to know and do.

The cost to banks of funding mortgages has leapt since Mr Trump's surprise win, and experts expect these rises to be passed on to homeowners.

The Mayor of London has written to Volkswagen imploring the car giant to 'fully compensate' the capital's residents affected by the emissions scandal. He also wants TfL to be reimbursed.

Will President Donald Trump be good for investors? Investing Show

Stock markets have confounded forecasts and risen on Donald Trump's election to US President, but will the Trumpflation trade run out of steam? Trump's spending, tax cuts and tearing up of regulations have been seen by traders as spelling good news short term for many US companies - but will he prove to be a good President long-term for investors?

Emerging market countries are those whose economies are still developing. They are attractive to investors because their economies tend to grow faster than those in the West.

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.

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.

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.

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

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.

In this low-income world it can be hard to find mainstream investments paying a significant yield. Stifel has compiled a list of 19 investment trusts with a yield of more than 4 per cent.

Handy Brexit table explains the options for the UK's exit from the EU

Despite endless media coverage of the political wrangling and financial speculation, the average Briton can be forgiven for remaining confused about what 'soft' and 'hard' Brexit really mean. About the difference between the 'Norway model' for the UK's post-Brexit relationship with the UK and the 'Swiss solution'. But a clever table put together by HSBC in a report called 'Is Brexit Getting Harder?' cleaves some clarity from the murk.

It would have been nice to have a plan. Instead, after the Brexit vote we were left scratching our heads. But now it's time for some answers on trade and what we mean to the EU.

Pensions Road Sign against threatening clouds

We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?

When will UK interest rates rise?

An interest rate cut before the end of the year looks less likely following the plunge in the pound. However, the Bank of England has indicated that higher inflation driven by rising import costs won't make it lift rates.

What next for mortgage rates?

Several months after the Bank of England slashed the base rate to 0.25 per cent and lenders are still cutting mortgage rates on almost a weekly basis - but how low can they really go? The experts say not a lot lower and it's likely that if you get a mortgage at the moment, it's going to be a pretty cracking deal. 

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

TIPS, TOOLS AND HELP FOR LANDLORDS

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Musicians have seen pay rises averaging nearly 20 per cent in 2015, while cleaners are getting 17.8 per cent more, and window cleaners 12.3 per cent. Artists in general are earning 14.6 per cent more in 2015 than 2014, according to the huge annual data dump of pay scales by the Office For National Statistics highlights.

Premium Bonds winners

November 2016
Prize value Winning bond No. Area
£1,000,000 64ST558712 Bristol
£1,000,000 196XC935430 Norwich
£100,000 73XC247749 South Gloucestershire
£100,000 209BT382482 West Sussex
£100,000 196QY362195 Tyne and Wear
£50,000 48QF456615 North East Scotland
£50,000 279LW728226 Shropshire
£50,000 254GR423814 North Yorkshire
£50,000 159NM557980 Suffolk
£50,000 140PB015876 Avon
£25,000 41VP618789 Somerset
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