Updated: 09:11 EDT

RUTH SUNDERLAND: My name is Phil, I’m a debtaholic

In the obsession with Theresa May's tickly throat as she addressed the Tory Party conference, another speech went almost unnoticed, though it highlighted a huge problem: the £200bn debt timebomb. Andrew Bailey, the chief executive of regulator the FCA, warned City bigwigs that it's ticking merrily away and wouldn't take much to detonate.

Despite an ageing population, around one in 70 homes being built is a bungalow compared with one in seven in the 1980s.

How students can save a fortune by studying abroad

The rising cost of university education is prompting more young people to venture abroad. Studying in many European Union countries is free and in some cases living costs may also be cheaper. Popular European destinations for students heading overseas include France, Spain and Germany, but America is still the favourite. A period of studying abroad is mandatory for many courses, including modern languages. But those taking other subjects - including medicine, business and history - can also seize the opportunity to broaden their horizons.

Lloyds Bank is this weekend under fire for its handling of the HBOS fraud after demanding that the whistleblower couple who exposed the scandal prove yet again that they were victims.

Mortgage experts are urging homeowners to ensure they protect their finances as soon as possible from future interest rate rises.

Ensconced in his ground floor office in the grand surroundings of the Bank of England, deputy governor Sir Jon Cunliffe sounds every inch the softly-spoken civil servant.

One reader's headache, as phone company Talkmobile closes down its pay as you go accounts and advises customers to transfer to Vodafone.

*Not covered by the FSCS. 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).





MIDAS SHARE TIPS: Are easyJet shares an easy bet? 

Holidaymakers were plunged into chaos this week as airline Monarch announced it had gone into administration. The closure of the business, which could affect up to 850,000 travellers, came hot on the heels of the debacle at Ryanair, which has seen up to 50 flights a day cancelled and 34 routes scrapped. Amid all the turmoil it is, perhaps, understandable that budget carrier easyJet has seen its share price climb almost 10 per cent to 1263p over the past month, on the basis it is well placed to cash in on its rivals' woes. The orange-emblazoned airline has long had the reputation of being the friendlier counterpart to its Irish competitor and now, while Monarch looks for a buyer and Ryanair remains in thousands of travellers' bad books, easyJet is the obvious budget alternative for holidaymakers.

Two top executives at Jamie Oliver's restaurant business have left following a slide in profits.

The maker of Melton Mowbray pork pies, Ginsters pasties and Soreen malt bread revealed the shortfall as it paid an £18.3 million dividend to its family owners.

UKIP donor Arron Banks is in line to make millions of pounds from the listing of an insurance firm that he says has been boosted by controversial technology used to help win the Brexit vote.

Fashion darling Ted Baker has stitched up another increase in profits as plans to create a global fashion business begin to pay off, the company is expected to say this week.

Bosses from the firm behind are expected to face cross-examination in the High Court this week in a row with a computer programmer.

Card sharks' £1.5m-a-day spree - on YOUR cash 

Fraudsters are going on a £1.5 million a day spending spree - using other people's plastic cards. These new fraud figures are published just as Financial Fraud Action UK steps up its Take Five campaign to help shoppers and householders beat the scourge. The campaign encourages everyone to be suspicious of uninvited approaches and to keep personal financial details to themselves - taking time to think before they act on any requests. The new strand, 'My Money, My info? I don't think so' is designed to crank up shopper scepticism.

Patience is a trait that Michael Clements applies fastidiously in his role as a fund manager at Swiss firm SYZ Asset Management - both when buying stocks and when holding them.

The fund management industry, responsible for looking after our cherished Isas and pension funds, has had it too good for too long.

We round up the Sunday newspaper share tips. This week, Midas runs the rule over EasyJet and whether the airline can benefit from the woes of its rivals. It also updates on Revolution Bars.

Nearly three-quarters of people surveyed by Triodos Bank believe businesses have the power to create positive social and environmental change.

How jockey Jim Crowley made £35k in just 90 seconds!

When champion jockey Jim Crowley jumps on the back of a racehorse, he can earn up to £35,000 in just 90 seconds. But for 39-year-old Crowley, who won the Flat Jockeys Championship last year, getting paid £389 per second is just 'part of the job'. What motivates him is his love of horse racing and the prestige of winning, not the millions of pounds in prize money that is up for grabs. He avoids investing in the stock market, preferring instead to improve his family home.

Chimneys become a must-have requirement for many buyers. Why are we so fond of these old-school features? One reason is that real fires are sought after.

The square footage of a property is one of the best indicators of what it is worth because - unlike wallpaper and furniture - it can't be changed easily without a large financial investment.

MOT data reveals UK regions where cars are likely to fail

critics warn that the Government's controversial switch to making the first roadworthiness tests after four years - rather than three as at present - will put lives at risk by leaving 385,000 'unsafe' cars on the road. Analysis of more than 400m MoT records from the Driver and Vehicle Standards Agency (DVSA) by consumer website show that one in six cars fails its first test, with brakes, lighting and tyres among the most-common reasons.

Preparing to drive Peugeot's new 5008 family-friendly seven-seater SUV is a bit like getting ready for an aeroplane flight. How much can you get away with packing?

While the start of autumn is usually a boon time for car sales, last month saw the first drop in September sales since 2006, figures from the Society of Motor Manufacturers and Traders reveal.

I have £130k to invest for income - where do I start?

I am a 72-year-old retired builder. I have just sold a property and will have approximately £130,000 to invest, preferably for income. I have a medium appetite for risk. Patrick Connolly, certified financial planner at Chase de Vere (pictured), replies.

It means shops and businesses are no longer obliged to accept them, although there will be an unspecified period during which they can be exchanged at banks for the new 12-sided coins.

Often touted as a bellwether for the UK economy, the index is comprised of medium-sized businesses which tend to be more domestically focused than the giants of the FTSE 100

Help a reluctant switcher save on energy bills

We could keep banging the 'switching is easy drum', we could come up with a complicated price cap idea, or we could try a different approach. And this is where you come in - because I have a cunning plan. Help someone you know who will struggle to switch save on their energy bills now - between us we could save millions of pounds in a fortnight

Halifax will pay £125 cash to switch your current account and £750 for taking out a new mortgage. The launch follows hot on the heels of First Direct's own cashback launch.

Halifax says it will accept two years of accounts as a minimum and in exceptional circumstances, those who had worked for themselves for just 12 months.

The six 'turn-offs' that can prevent your home being sold

Knowing the biggest property turn-offs for house-seekers can be a help in ensuring sure your home is snapped up in a timely manner. And keeping your home in the most desirable state possible is perhaps more important than ever in a weak property market, particularly in the South East.

Does Fidelity's move on fund fees make it a pioneer?

A typical active equities fund charges in the region of 0.7 per cent of the invested sum and often higher, while standard index trackers can charge as little as 0.07 per cent - a tenth of the cost. The fee difference is clear therefore active funds have to outperform the relevant index to even begin to justify their cost.

Between July and September, property prices were 1.4 per cent higher than they were in the previous three months, Halifax's House Price Index revealed.

By using an online estate agents instead of a traditional high street option, sellers can save thousands of pounds, while also getting their home marketed professionally.

New Jane Austen £10 note sells for £7k at London auction

A new polymer Jane Austen tenner has sold for a huge £7,200 at a Bank of England charity auction this morning, smashing the estimate of £2,000-£3,000. This is Money, who are at the event in London held by auction house Spink, saw fierce bidding erupt over the AA01 000010 note, the lowest serial numbered one available to buy.

I booked the hotel through Expedia in May, largely because of the free cancellation because our plans weren't concrete and we knew we may have to cancel.

Inside Jamie Oliver's amazing Land Rover Discovery kitchen

The bespoke Land Rover Discovery 4X4 allows TV chef Jamie Oliver (pictured with wife Jules and their children) to grill a chicken from the grille, slow-cook a dish using heat from the engine, churn butter and ice-cream on the move, have a barbecue, dispense olive oil, and even pop up two slices of toast from a dashboard toaster. Created by Jaguar Land Rover's Special Vehicle Operations division for Jamie's forthcoming YouTube cookery show, it is the only Discovery in the world that has a toaster in the centre console and a revolving rotisserie in front of the grille on which a chicken can be cooked. Come take a guided tour.

Ditch diesel and go green. That's the verdict from the government as it strives to convince motorists to dump their oil burners. But the fact is that many drivers simply can't afford to.

Land Rover has revealed its first 'green' plug-in electric hybrid car - the Range Rover Sport P400e - which will hit the road next year with a claimed 101mpg.

Monarch's polo-playing boss launches a new firm

When Monarch Airlines' polo-playing chief executive Andrew Swaffield signed up for his tour of duty less than three years ago he was expecting to make a fortune. A successful revival of the business would have landed him tens of millions of pounds. But last week - with the airline in ruins - the £568,000-a-year boss had already switched his focus. He had rebooted his career and was making a fresh start by registering a business consultancy to run from home. Friends admitted it was an error of judgment at a time when the ink was still drying on the documents appointing Monarch's insolvency practitioners.

The beleaguered firm is on the lookout for a new boss for Northern Europe after Jo Bertram quit last week as the company continued its row with Transport for London.

Its opulent hotel rooms are beloved of celebrities, but Dorchester Group is not immune to the effects of the Brexit vote, recording a £32 million pre-tax loss for 2016.

Brexit boost as Dutch lead London stock market charge

The company, which employs 7,000 staff in more than 80 countries and offers accounting, tax and payroll services for clients such as Netflix and LinkedIn, looks set to be valued at around £1.4bn when it goes public next month.
Bosses at TMF said the Brexit vote 'has not been a barrier to the company choosing London' - adding the UK's exit from the EU 'could actually present an opportunity'.

The Financial Reporting Council spent three years investigating the bean-counter over claims it had failed to spot Barclays taking risks with clients' money.

It is almost a year ago that this column tipped Revolution Bars Group as a buy at 175½p. It had an ambitious expansion plan and it had positive feedback from staff and customers alike.

Murdoch, 44, could face a revolt next week after influential advisers Pirc, Institutional Shareholder Services and Glass Lewis urged investors to block his re-appointment as Sky chairman.

City sources said the US owners of Leeds-based Callcredit have been talking to corporate financiers from Credit Suisse and Jefferies about finding a buyer for the business.

Businesswoman on how she discovered ethical capitalism

The penny dropped when I saw my pension fund was invested in BP, Shell and British American Tobacco. How could I let my hard-earned cash finance companies which depend on burning fossil fuels and keeping people hooked on cigarettes? It made no sense that I could be donating to Cancer Research one minute - I have lost my grandmother, father and one of my best friends to lung cancer - but the next, sticking £400 a month into an investment fund helping to keep the tobacco industry alive. Similarly, how silly to be recycling and buying 100 per cent renewable energy while handing over my savings to companies with a vested interest in pumping out more carbon dioxide.

I have been trying to get justifiable answers to why I don't qualify for additional state pension that I paid into for 11 years. I was contracted out for only eight years.

Lloyds Bank, Atom Bank, Skipton Building Society, Principality BS, Monmouthshire BS and Aldermore Bank have all increased rates on their fixed deals.

Last week, it was revealed that the UK had its credit rating downgraded by leading agency Moody's. But should we care - and can Britain get back to a AAA rating?

Worryingly, over a quarter of people believed the communications to be genuine, with 7 per cent ultimately falling victim to scammers, Santander UK's latest survey shows.

How a 10-minute phone call to 118 118 will cost you £49

We have discovered that the firm that owns 118 118, The Number UK, has a similar service that costs just £1 per call. It also has an automated service that is completely free of charge. But while the firm has spent millions of pounds advertising the famed 118 118 number on prime-time television, these cheaper options are buried in the small print on its website.

If you pre-order a 64GB iPhone X network provider EE will offer you 100GB of data for £82.99 a month. But for a smaller payout each month you could instead bag yourself one of these cars.

Next year, a European directive will force banks to offer open access to customer data if consent is given, while open banking, brought in by the UK CMA, comes into play in January.

How to stop airlines sabotaging your holiday

More than a million holidaymakers have suffered travel chaos this year. First British Airways's computer systems crashed causing thousands of passengers to miss flights. Then Ryanair announced it was cancelling 20,000 flights due to a shortage of pilots. And now Monarch has collapsed, causing chaos for 860,000 passengers who had bookings.

How are the power giants getting away with using underhand tactics to bully us into getting a smart meter? It's a question we will be expecting Ofgem to answer in the coming days.

Most energy companies are using high-pressure tactics to push customers into getting this new type of meter, which uses wireless signals to tell the supplier how much energy you use.

New Rolls-Royce Phantom review: What's the £350k car like?

Silence is golden, so whisper it softly, Ray Massey (pictured) has been driving what Rolls-Royce claims is the quietest car on the planet - the new £350,0000 Rolls-Royce Phantom. Super-rich owners who can stretch to one are not just choosing a mode of luxurious transport, but a lifestyle. The Phantom is the most technologically advanced car Rolls-Royce has ever built and about as luxurious as you can get. This is what it is like to ride in.

The carmaker is shifting resources to SUVs and trucks, while investing in electric power and tech services. It plans to introduce built-in connectivity to 90 per cent of its cars by 2020.

Over the past month or so, nearly all manufacturers have announced deals promising thousands of pounds for anyone scrapping their old diesel and buying a new car.

Dragons' Den stars on £75k investment from Deborah Meaden

Fresh from their successful appearance on BBC's Dragons' Den, Andy Jefferies and Ben Muller spoke to This is Money about the experience and how they manage to run the business on the opposite sides of the world.

Hundreds of thousands of households across Britain will see their energy bills rise annually by up to £374 at the end of October as 25 fixed-rate energy tariffs come to an end, unless they act.

Regulators uncovered a series of failings by financial advisers and pension transfer specialists - which at worst could be leaving savers at risk of moving final salary pots to scam schemes.

First Direct pays current account switcher £125 cash

First Direct has ramped up its cash sign up bonus to £125 as banks continue to use tempting cash carrots to entice customers away from rivals. The move comes just weeks after it improved it launched a new perk that sees credit and debit card customers paid cashback for spending with certain retailers.

The closely watched Markit/CIPS services purchasing managers' index showed a reading of 53.6 last month, up from 53.2 in August and above economists' predictions of 53.2.

Sadly the numbers of lucrative cashback and rewards cards have dwindled over recent years. But are there still any cashback credit cards worth having? We take a look.

13 highest yielding investment trusts invested in shares

Good sources of income are hard to come by and analysts at Stifel have compiled a list of 13 investment trusts that invest in shares with a yield of at least 4 per cent. The names on it range from dividend hero City of London, with 50 years of rising payouts under its belt, to Aberdeen Asian Income and European Assets Trust, which yields 6.7 per cent.

Manchester City, Liverpool, Arsenal, West Ham, Southampton and Watford have signed big-money deals to advertise so-called CFD deals.

Investing giant Fidelity International is tearing up its existing rule book on active fund fees to replace them with a new performance-linked charge.

Fix your mortgage at 1.55% for five years

Experts are warning homeowners to lock in to the rock-bottom rates on offer at the moment before they start to edge up. It's still possible to fix below 1 per cent for two years if you have a sizeable deposit. Five-year fixed rates, meanwhile, come as cheap as 1.55 per cent.

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?

Bank of England Governor Mark Carney has hinted once more than interest rates are likely to rise soon, leading to fresh speculation of a November hike. Markets are betting on a rate hike to 0.5 per cent arriving at the next MPC meeting in November, while Reuters says economists also now expect a move up. This would mark something of a turnaround from a 7 to 2 vote to hold rates in September.

What next for mortgage rates?

Borrowers are being offered a raft of cheap fixed rate mortgages as lenders attempt to lure them into remortgaging or buying a home. But HSBC has decided to buck the trend and launch a new rate mortgage that is a tracker instead. We pick out the best fixed and tracker rate mortgages and look at what next for rates.

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

October 2017
Prize value Winning bond No. Area
£1,000,000 237VM129960 Edinburgh
£1,000,000 233ZP420674 Essex
£100,000 98YX347132 Birmingham
£100,000 223MX264274 Inner London
£100,000 162KX445809 East Sussex
£50,000 87BK780775 Bristol
£50,000 62EC653749 Kent
£50,000 278BC619544 Devon
£50,000 163KV510171 Wiltshire
£50,000 111WG774097 West Midlands
£25,000 91ZH697333 East Sussex
More Premium Bonds winners


Tourist rates

Currency Rate Buy now
Updated 08 Oct 2017.
Euro 1.086 Buy Now
US Dollar 1.274 Buy Now
Australian Dollar 1.6425 Buy Now
Canadian Dollar 1.6031 Buy Now
Chinese Yuan 8.3586 Buy Now
Croatian Kuna 8.1033 Buy Now
Czech Koruna 28.035 Buy Now
Danish Krone 8.1496 Buy Now
Egyptian Pound 16.27 Buy Now
Hong Kong Dollar 9.9386 Buy Now
Hungarian Forint 337.7464 Buy Now
Icelandic Króna 129.0234 Buy Now
Israeli New Shekel 4.386 Buy Now
Japanese Yen 144.028 Buy Now
Malaysian Ringgit 6.2624 Buy Now
Mexican Peso 23.1038 Buy Now
New Turkish Lire 4.4895 Buy Now
New Zealand Dollar 1.7977 Buy Now
Norwegian Krone 10.2054 Buy Now
Polish Zloty 4.6451 Buy Now
Singapore Dollar 1.7401 Buy Now
South African Rand 17.4457 Buy Now
Sterling 1.0 Buy Now
Swedish Krona 10.3689 Buy Now
Swiss Franc 1.2512 Buy Now
Thai Baht 42.2312 Buy Now
UAE Dirham 4.6883 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 codeKwik Fit discount codeTravelodge discount code