Updated: 07:56 EDT

Downgrade for UK as Credit Suisse hits alarm bell

Filings for Credit Suisse show its internal risk analysts have downgraded its rating for Britain. At the same time the group's private bank, which serves wealthy clients, has lowered its loan-to-value ratios for residential properties. Sources stressed that the bank's actions would not necessarily mean a reduction in lending to UK property buyers, but could change the type of loans Credit Suisse was prepared to make.

Many companies have been facing collapse after receiving soaring business rates bills.

How to protect yourself from rising holiday-related fraud

It is feared travellers are particularly vulnerable this year as the travel industry is reporting strong booking demand with both accommodation and flights at a premium. Fraudsters are expected to take advantage by offering seemingly bargain deals which some holidaymakers will be unable to resist.

British investors' interest in UK firms has dropped by 9.8 per cent compared with last year, and interest for those in every European country has also fallen, led by Belgium at 37 per cent.

Shareholders in Barclays have an opportunity this week to show they remember that lesson in the way they cast their votes and the questions they ask.

We asked Christina Pease, of TaxAssist in Maldon, Essex, to deal with our tax affairs. When she produced some accounts, she wanted £600 each, which we paid.

Some of the proposals for reform are sound, others barking mad. What unites these disparate voices is a call for urgent change. It is hard to argue against such sentiment.

For current account rewards and interest conditions may apply eg. using provider's full switching service, min deposits and direct debits. For savings, access maybe limited, min/max deposits may apply. See T&Cs.; Representative example: If you spend £1,200 at a purchase interest rate of 18.95% p.a. (variable) your representative rate will be 18.9% APR (variable). *Not FCSC protected. ** £10 monthly fee applies





Five winners in Brexit Britain’s tourist boom

A rise in the number of tourists visiting the UK and families opting for a 'staycation' is boosting profits at shops, hotels and entertainment companies. Now some fund managers are tapping into the trend by backing British businesses which could benefit. So which companies could benefit from this home tourist boom?

Britain has more billionaires than ever, according to a new rich list. Former Miss UK Kirsty Bertarelli (pictured) was named as the country's richest woman, with a fortune of £11.5bn.

The Government has already mooted a cap that would cut average household bills by £100.

Top consultancy Institutional Shareholder Services, which advises investors, has advised them to abstain or vote against the re-election of Jes Staley at this week's annual meeting.

Matt Davies, in his first interview since arriving to run the £43billion British chain two years ago, said his own health scare spurred a drive to make Tesco a healthier place to shop.

The bank, jointly run by Marks & Spencer and HSBC, expects eventually to receive 231,512 complaints over PPI, representing 43 per cent of policies sold.

As house prices rise, would you buy a home on the water?

Boat numbers have risen significantly in the past few years. About 28,000 boats are used either as a main or second home on the canals and rivers of the UK. Demand in London is increasing fastest and the number of vessels in the capital has increased by more than half since 2012 to about 3,700.

How to prepare for the financial consequences of death

It is a subject no one likes to talk about. But this week 'death cafes', crematoria tours and 'ask a funeral director' sessions will all be on offer to the public at venues around the country as a notorious taboo is lifted. Among the thorny issues to be aired are the financial consequences of death - and how to prepare for them. Follow The Mail on Sunday's five steps to limiting financial grief.

Parents in the UK now want to control how the cash they bestow is spent by their children. In a report released today by Prudential.

EXCLUSIVE: The Campaign for Real Ale's election manifesto, seen by MailOnline, explains how British drinkers could benefit if new MPs seize the opportunities presented by Brexit.

Supermarkets locked in a price war over petrol are continuing to slash the prices of fuel, with further reductions announced today. Asda has cut the cost of petrol by three pence, down to 112.7p.

INVESTMENT EXTRA: Stock picking legend is in a slump

Star fund manager Neil Woodford is about to mark three years since the launch of his Woodford Equity Income fund - the flagship investment he launched at his boutique firm. The manager's first launch at his own business raised a record £1.6bn before opening, and now runs more than £10bn of investors' assets. Although this suggests that the pull of the Woodford brand remains strong, many have accused the veteran of losing his touch in recent months, following company-wide under-performance throughout last year and the beginning of 2017.

The fund has a new manager, a renewed focus on increasing income for investors and there is a burning ambition to grow the trust by issuing new shares.

Salford crowned start-up capital

Salford saw the biggest boost in the first quarter of the year, at a time when start-up growth overall is decreasing. The study comes amid reports that tech start-ups are abandoning London's 'Tech City' - the area around Old Street roundabout - due to soaring commercial rents.

The website works with high-profile television celebrities, including Made in Chelsea's Binky Felstead, who collaborate on ranges.

Adreya and Matt Townsend met on a beach in Fiji in 1999. Now they have a £1million turnover business, Vida Vida - which sells handmade leather satchels, laptop bags and travel bags.

Penny Streeter, who founded medical recruitment company A24 Group, bought the 100-year-old Mannings Heath golf course and hotel in West Sussex in May 2016.

The funding comes ten months after Pharmacy2u secured a £10million growth capital investment from the BGF.

Aston Martin's Valkyire unveiled at London Motor Show

More than 10,000 people are expected on an exceptionally busy Saturday alone but don't dawdle as it finishes on Sunday. The show was opened with a royal flourish by Prince Michael of Kent on Thursday. Alec Mumford, chairman of London Motor Show 2017 which is sponsored by comparison website said: 'The show's opening day was absolutely spectacular.'

Andrew Bailey, Britain's top financial consumer regulator, is worried about debt. As chief executive of the FCA, he is acutely aware that many households have taken on too much borrowing.

Apprentice's Alana Spencer on launching her cake business

Alana Spencer won the latest Apprentice series and now has her own online cake business, but started out selling chocolates to her teachers and friends in Wales. She talks to us about working with Lord Sugar, how she made selling cakes into a business and her plans to create a network of ambassadors across the country.

The hack has seen 26,000 payment details, names and addresses accessed or stolen and those who have used the service between 24 February and 11 April need to contact their bank.

Leafwater wants syndicates of investors to buy you a home

You find a home you want to buy, list it on Leafwater and then a syndicate of investors can bid to buy it for you. This is the work of two recent graduates, who claim to have come up with a solution that cuts out the banks and could help buyers purchase a property with a low deposit. If only it were as simple as that, we take a look at a strange new property idea.

How generations club together to live under one roof

The number of households containing two or more families is expected to rise from 1.5 million to 2.2 million by 2025, according to estimates by insurer Aviva. A squeeze on wages coupled with soaring house prices have left many without the income to buy a decent-sized family home. Pooling resources and bunking up with elderly parents could be the solution.

Do I need to declare my ex's car accident on my policy? 

What are the rules around insurers and past claims? I'm unsure if I need to declare my ex's accident as I was a named driver on the policy at the time. I'd like to be able to say I wasn't involved as I wasn't present at the time but can I do this accurately if I was mentioned on the policy?

Will the house of 0% credit cards come crashing down?

The credit card arms race means that the longest 0% deal now stretches to 43 months. This has all been a brilliant wheeze, but there are now signs the tide is turning. The FCA, Bank of England and even some senior bankers are said to be worried by various aspects of the zero interest bonanza. So what will happen next?

Enticing credit card deals can leave you with high interest payments if you don't clear balances in time. But sensible borrowers can use them to their advantage - here's how to avoid the traps.

Some of Britain's biggest banks are being targeted by fraudsters who use domains masquerading as them to trick customers into handing over personal details or log-in information.

How do you avoid 40% tax when making pension withdrawals?

Former Pensions Minister Steve Webb is This Is Money's Agony Uncle. He is ready to answer your questions, whether you are still saving, in the process of stopping work, or juggling your finances in retirement. This week, why might HMRC overtax you at 40% instead of 20% on pension withdrawals, and can you prevent this?

Zoopla's top property bargains with discounts of up to 50%

A search on property website Zoopla reveals the extend to which homes are being reduced in price - by as much as 50 per cent in some cases. It suggests that a total of 31 per cent of homes for sale on its site have seen their asking prices cut since the beginning of the year.

Of the people who still use a phone at the wheel, almost three quarters said it was to make a phone call. Some 27 per cent said they text friends or family while 23 per cent check Facebook.

What could be more bonkers than a roof tent for a Mini? How about a coffee machine in a Fiat, a £20k watch to unlock your Aston and a stupidly expensive Bentley fishing set?

ED MONK: How much is the state pension triple lock worth?

The future of the state pension triple lock could hang on the result of the election on June 8. Ed Monk, associate director for personal investing at Fidelity International, looks at the cost of the guarantee and the politics behind it.

Gas and electricity providers are sitting on a collective £1.3billion thanks to overpaid bills - money they won't pay back to you unless you ask.

Plusnet, whose motto is 'we'll do you proud,' is the latest major telecoms provider to announce it is hiking line rental costs.

Hi-tech cars risk being hacked to be 'bombs on wheels'

Modern hi-tech cars risk being hacked and turned into remotely controlled 'bombs on wheels' unless more is done to vet garage mechanics who service them, motor industry chiefs warned. The Institute of the Motor Industry warning on rogue technicians hacking cars echoes scenes in the latest blockbuster Fast and the Furious film .

Panic on trading floor as U.S drilling sinks oil prices

The oil price has fallen nearly 20 per cent in less than four weeks on the back of a drilling boom in the United States. Crude dropped as low as $46.64 a barrel in London yesterday - its lowest level since November - having been trading above $56 in mid-April. It later recovered but remained below $50 as hedge funds and other speculators abandoned bets on future oil price rises.

International Airlines Group said profit rose 9.7 per cent to €170million (£144million) in the three months to March 31, traditionally the weakest quarter of the year for airlines.

Despite being hit with a revolt over boss John Fallon's £1.5m pay, education firm Pearson was by far the FTSE's biggest winner yesterday.

The chief executive of Rolls-Royce Warren East has been awarded £2.3m worth of shares for his troubles following the company's AGM earlier this week. 

The 10 best second-hand estate cars

If you need to lug loads, an estate car is your best option. They handle better than SUVs and offer more practicality than just about any other model type on the market. But only if you buy one of the best ones. We can help you make a decision with this list of the choice second-hand models right now.

Mortgage brokers and lenders suggest investors are increasingly interested in commercial buy-to-let as an alternative to traditional residential lets.

Morrisons, Sainsbury's and Tesco have announced savings of 2p a litre on diesel and 1p off petrol from Thursday on the back of lower oil prices.

Metro Bank: Safety deposit boxes cover 80% rent of stores

Metro Bank, which opened in 2010, now has nearly 80,000 safety deposit boxes - and at some branches, the boxes are snapped up before the doors even open. Safes are typically used for heirlooms, wedding certificates, house deeds, photographs and jewellery - priceless items that need to be stored safely.

The best moment to buy your holiday money will depend in part on whether you are travelling before or after June 8 - and on what you expect the result to be.

On average, people planning to buy a home estimate their costs will come to £7,643, according to Post Office Money, but the average cost is actually £1,829 higher.

Government quietly scraps tax breaks on microentrepreneurs

The new rules had meant that anyone earning less than £1,000 through renting out a room or their drive, or selling goods online, would not have to pay tax. But they were quietly removed from the Finance Bill last week.

How did crooks set up car insurance policies in my name?

Swinton and Hastings Direct both opened car insurance policies in my name of which I had no knowledge and, more importantly, opened parallel credit agreements. I had no knowledge of the vehicles. The second-named drivers were both Romanian - suggesting fraud.

According to the city rumour mill, Philip Hammond has said privately he's prepared to slash corporation tax from 19 per cent to just 12 per cent.

Ford Money, which launched its first account last month, has raised the rate on its Flexible Saver to 1 per cent, up from 0.85 per cent. Existing savers will benefit, too.

How to fight back if a holiday is ruined by building work

Every year, thousands of holidaymakers arrive to find their hotel is a building site after no advance warning. We have heard from families who've had to eat meals in clouds of dust, been unable to use the pool and endured endless drilling. Many have spent their holiday worrying about their children's safety amid scaffolding and rubble. Here's what you must know and how to fight back.

To protect savers' cash ministers were planning to ban firms cold-calling retirees to help prevent savers paying in to suspect schemes.

Limited company buy-to-let is in vogue - largely down to several structural changes to the way buy-to-let income, gains and purchases are taxed. But is it a good idea?

My provider wants to install a smart meter, can I say no? 

I've heard there are problems with some smart meters which stop working when you switch energy providers, can I tell my provider I don't want one to be installed until the problem is fixed? Will I be missing out if I do refuse to have one?

The average overall availability of access to 4G signals across the UK is 65 per cent, according to industry data. Britons have paid billions to fund the supposedly 'high speed' service.

Britain has gone mad for organic foods, healthy cookbooks and high-tech smoothie makers - and active-wear outside the gym. We take a look at some funds to profit.

The 2017 new cars that will retain the most value  

You may not think about depreciation when you're buying a new car, but you'll be hit hard by it when you come to sell, if you pick the wrong model. These are the 10 2017 models that will hold their value best over three years, including pictured clockwise from top right, the Porsche Macan, Dacia Duster, Lotus Elise and Range Rover Sport.

The amendment to the bill means that all mobile providers will need to make sure customers taking out a monthly phone contract are made aware that they can set a financial cap on their bill.

Failure is often still regarded as something to be ashamed of but it can be a helpful stage for entrepreneurs. Even Richard Branson (pictured) made some big business mistakes.

Six safe places to stash your money

With so much global uncertainty over politics, economics and international relations, many investors may be tempted to put their cash under the mattress rather than risk it on the stock market. But there are some investments available that can help protect your long-term wealth.

NatWest and RBS have written to 1.7 million Reward Account customers informing them their 3 per cent cashback perk will be slashed to 2 per cent in June.

Policymakers need to put savings and financial stability firmly on the political agenda, says Old Mutual Wealth's Richard Freeman. We haven't had such a campaign since 'Tell Sid' in the 80s.

For current account rewards and interest rates conditions may apply eg. using provider's full switching service, min monthly deposits and direct debits. For savings, access maybe limited, min/max deposits may apply. Always check T&Cs.; *Not FCSC protected.

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.

We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's selection of active and passive options too.

Rightly or wrongly, some people simply want a quick, straightforward route map to investing in an Isa. To that end, this is our distilled guide to getting started.

How much money do I need to save for my pension?

The amount you can save into a pension ultimately depends on what you can afford - but the longer you leave it the more you will need to save. 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?

Old people / couple (figurines) - sitting on a pile of money coins - savings / bills / financial / investment / pensions concept.
savings, money, finance, pensions, savings, money, finance, pensions, retirement, coins, pensioners, future, security, insurance, savings, money, finance, pensions

Making the most of a pension is your best chance of securing a decent income when you retire. We explain what you need to know.

Even at a time when we are stretching our finances further to afford a home, moving less, and pushing mortgages beyond 30 years, we still remain captivated by two-year fixed rate deals.

When will UK interest rates rise?

The break from rising inflation is only likely to be brief and economists forecast the cost of living to continue to rise through this year. The Bank is still not expected to raise rates due to Brexit uncertainty, however, if the economy continues to fire on all cylinders the mood could shift.

What next for mortgage rates?

Mortgage rates were tipped to start rising in 2017 but so far, there hasn't been any evidence to suggest rates are about to get more expensive. Experts say borrowers sitting on their lender's default rate could save money by remortgaging now.

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 jobs and biggest pay rises of 2016 revealed

Compare your pay to the national average and see whether your employer treated you to a pay rise in line with the the rest of your profession. Farmers, care and air travel assistants were big winners on the pay scales in 2016. Travel agents, careers advisers and probation officers lost out.

Premium Bonds winners

May 2017
Prize value Winning bond No. Area
£1,000,000 240PY584997 Tyne and Wear
£1,000,000 180WD005230 Cheshire East
£100,000 273DD706488 Oxfordshire
£100,000 264GB618229 Hertfordshire
£100,000 255LL874518 Sheffield
£50,000 5VV637650 Lincolnshire
£50,000 42PZ971979 Kent
£50,000 199QG753460 Warwickshire
£50,000 180MZ547770 Somerset
£25,000 93FX094284 Cumbria
£25,000 290AS923590 Essex
More Premium Bonds winners


Tourist rates

Currency Rate Buy now
Updated 07 May 2017.
Euro 1.153 Buy Now
US Dollar 1.266 Buy Now
Australian Dollar 1.7068 Buy Now
Canadian Dollar 1.7386 Buy Now
Chinese Yuan 8.5305 Buy Now
Croatian Kuna 8.4527 Buy Now
Czech Koruna 30.7115 Buy Now
Danish Krone 8.5536 Buy Now
Egyptian Pound 16.27 Buy Now
Hong Kong Dollar 9.8062 Buy Now
Hungarian Forint 356.644 Buy Now
Icelandic Króna 127.476 Buy Now
Israeli New Shekel 4.4585 Buy Now
Japanese Yen 141.6214 Buy Now
Malaysian Ringgit 6.2624 Buy Now
Mexican Peso 23.5721 Buy Now
New Turkish Lire 4.4486 Buy Now
New Zealand Dollar 1.8347 Buy Now
Norwegian Krone 10.92 Buy Now
Polish Zloty 4.8062 Buy Now
Singapore Dollar 1.7677 Buy Now
South African Rand 17.1887 Buy Now
Sterling 1.0 Buy Now
Swedish Krona 11.121 Buy Now
Swiss Franc 1.2484 Buy Now
Thai Baht 43.1954 Buy Now
UAE Dirham 4.6322 Buy Now

Monthly Or Lump Sum Savings Calculator

Monthly savings plan

Find out how much a regular monthly savings scheme could make me.

Or lump sum investments

Calculate how much a lump sum investment could be worth.


Mortgage Affordability Calculator

Your monthly payment

Enter how much you plan to borrow and find out your monthly bill. Assumes interest calculated annually.

Your total mortgage

Enter the amount you can afford to pay monthly (eg. your current rent) to find out how much you can borrow...

Are you over-stretching

How much of your income goes on your mortgage?

Argos discount discount codeTesco Direct discount code

A rise in the number of tourists visiting the UK and families opting for a 'staycation' is boosting profits at shops, hotels and entertainment companies.

Andrew Bailey, Britain's top financial consumer regulator, is worried about debt. As chief executive of the FCA, he is acutely aware that many households have taken on too much borrowing.