Money

Updated: 11:01 EDT
Advertisement

Students could save £15,000 by studying abroad over UK universities

The combined cost of moving, living and studying in some places around the globe is up to £15,000 less each year than the potential costs of studying in the UK. According to the research from Caxton Premier, those moving to Germany to learn at Ludwig-Maximillians University – ranked 66 in the world, would pay just £9,097 a year in fees and living expenses.

Sarah Beeny has chosen this end of terrace property that was built in the 1880s and is in the Devon village of Kenton as her property of the month.

New Ford Focus review: So good it should tempt German car buyers

It's only when you climb inside Ford's new Focus hatchback and drive it that you realise what a cracking family car this really is. If you stuck a premium Audi badge on this then people would be raving about it. But because it carries the familiar everyman blue oval Ford badge, the care and engineering attention to detail that has gone into the new Ford Focus can be easily overlooked. Here's why it should make you rethink buying that Audi or BMW.

Though the amount of energy being generated from renewables is increasing, there is still demand for dirty old coal.

Former pensions minister Baroness Ros Altmann said: 'It seems utterly wrong to make pensions suffer for the mistakes of others. Confidence in pensions is so important.'

An obscure tax technicality means many low paid workers miss out on Government pension top-ups, while higher earners get them automatically.

EDITOR'S DEALS OF THE WEEK
* Sharia-compliant account pays 'expected profit rate', £50 bonus to fund account ** Includes one-year bonus. 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).

Like
MailOnline

Follow
@MailOnline

   

DON'T MISS

MARKET REPORT: Controversial boss of high interest lender Amigo Loans set to bag millions

Amigo, which lends to individuals with a bad credit history at an average interest rate of 50 per cent, announced that it would list at a price of 275p per share. This will give the business a market value of £1.3 billion, bagging founder James Benamor and other senior managers at the business £326.8m between them. He was accused ten years ago of running a 'scam' through his business Richmond Group, which involved getting customers to pay a £50 brokerage fee in the hope they would be given a loan. Many were just given the phone numbers of other banks, but Benamor denied misleading clients.

The information that Netflix, or Amazon has about us enables them to craft services designed for our wishes, desires and needs. Should we lament this? Surely not. It is our choice.

The carrier, which offers budget flights across a number of African countries, warned earlier this week that it is at risk of going bust.

Having previously reported that the economy grew by 0.1 per cent in the first quarter of the year, the Office for National Statistics now says the correct figure is a 0.2 per cent rise.

The tech giant's £750m purchase of Pillpack sent investors in CVS Health, Walmart and Walgreens, the owner of UK chain Boots, running for the hills.

Elliott, run by tycoon Paul Singer, had made demands over the merger of Tata Steel and German-owned Thyssenkrupp after building a stake in the latter.

Jaguar XJS preserved for 28 years is worth half what it was new

A Jaguar XJS being sold at auction next month with just 840 miles on the clock has proved that sticking a potential future classic in storage for 28 years can backfire. Despite having barely been used in a conscious effort to safeguard it in the hope that values would spiral as a future classic, the high estimated auction figure is less than half the adjusted original price of £81,014.

Running out of money is couples' biggest concern about retirement, with 46 per cent citing this as a worry. But 28 per cent said they have no concerns about their finances in old age.

The 55-year-old, a diversity campaigner who came out as bisexual in 2008, was paid £1.3m last year, taking her earnings since becoming chief executive to £5.9m.

Couples eligible for Marriage Allowance worth up to 238 per year plus up to £662 in

More than one million couples in the UK are missing out a tax break that could improve their finances by up to £900 – just because they don’t spend a few minutes filling in an online form. Those married and civil partnered couples are eligible for the Marriage Allowance worth up to £238 per year, according to HM Revenue and Customs. They can also receive backdated claims of up to £662 as a lump sum

If you're planning on booking holiday accommodation on Airbnb you might want to check it's legal. Airbnb doesn't stop hosts from listing their properties even if it breaks the rules.

Country cottages; from the cob and thatch of the West Country to the golden stone of the

This is the moment when country cottages - roses blooming bountifully around front doors, bees buzzing, birds singing - are looking their absolute best. Wouldn't we all like to be in the garden of one on this broiling week? Tourists with some cash in the bank understandably snap them up across the country, from the cob and thatch of the West Country to the half timbered variety of the Welsh Borders to the glowing golden stone of the Cotswolds

With price rises grinding to a halt in the capital, the gulf between London's house prices and those of other major cities is in the process of narrowing, Hometrack's latest findings suggest.

When Karina and Craig Waters first purchased the sprawling Château de Gudanes in Verdun, in the south of France, little did they know the full extent to which their work was cut out for them.

CMA worried hotel websites rush us into making booking decisions

There's little in life more frenzied than booking a hotel online. You could be planning an off peak trip to the back end of nowhere and it seems there'd still be an inordinate number of people looking at the same hotel as you that very minute. The competition watchdog said today it's worried about 'pressure selling' and tactics to rush customers into making a booking decision. But while I find it annoying, I wonder whether it's exactly what I want out of a hotel booking website.

If you're planning on booking holiday accommodation on Airbnb you might want to check it's legal. Airbnb doesn't stop hosts from listing their properties even if it breaks the rules.

Research firm Kantar Worldpanel said that shoppers shunning the High Street, and retailers resorting to heavy discounting, have spearheaded a decline in the British fashion market.

Pensioners struggle to downsize due to retirement homes shortage

One in three over-65 homeowners are considering downsizing in the next five years, but for many a lack of appropriate housing makes this impossible. More than 620,000 over-65 homeowners say they have looked into downsizing but cannot find a suitable home in their area while another 500,000 say they've considered moving but would not be better off financially as a result.

A cap on drawdown charges has not been ruled out, if firms don't set 'appropriate' charges themselves, according to the Financial Conduct Authority.

About 100,000 savers are at risk of 'complex and opaque' charges levied by insurers when they begin to withdraw money from their pensions, a report by the City watchdog found.

Why building more homes doesn't bring down house prices

The claimed answer to Britain's housing crisis is for developers to pull their fingers out and get many more properties built, with the belief that if you build it, low prices will come. Except the answer is not that simple. And this week, the Letwin Review said developers deliberately build slowly so as to not bring down house prices.

Inside the biggest bank branch in Britain - Halifax, Tottenham Court Road

The new beastly branch, opened last month, is thought to be the largest in the country and comes at the time of an 'alarming' rate of bank closures. This is Money took an exclusive look around - including its feature, safety deposit boxes accessed by fingerprint.

Britain's banks could provide 'effective nationwide national coverage' with just 600 branches each, according to research commissioned by the Nottingham Building Society.

Britain's current network of 55,000 free-to-use ATMs is on a 'path to disaster' - with as many as 25,000 to 30,000 likely to be removed over the next few years, says the ATM Industry Association.

England players will spend a record amount on luxury cars after the World Cup

Magnitude Finance, which has 13 of the 23-man England squad as clients, said it has been preparing numerous vehicle finance packages for players and their wives and girlfriends ready for when the tournament ends. This includes the Bentley Continental GT (inset left) and Lamborghini Urus SUV (inset right).

The takeover of the UK's biggest car charging company gives BP access to technology to install super-fast chargers in its network of 1,200 petrol stations in the UK and on streets.

Overall, 61 per cent of all speeding offences - which account for more than 700,000 cases in the last two years - were recorded in the zone where most drivers are caught over the limit.

How to find the best company shares to invest in

'It's a question of working out who's got a good business model, who makes a profit, who's borrowed too much money and has a balance sheet that will evaporate at the first sign of trouble.' David Miller, investment director at Quilter Cheviot, and a committed stock picker with decades of experience gives us his tips on buying shares..

Customer loyalty is turning big profit for banks as they make money from people who do not shop around for a better deal, the Financial Conduct Authority (FCA) has revealed.

Investors have slammed Aegon over its shoddy customer service and 'diabolical' handling of transferring their accounts from the Cofunds investing platform.

Shares in FastJet soar 150% as flagging budget airline outlines rescue deal

Shares in the carrier, which trades on London's junior stock exchange and offers budget flights across a number of African countries, soared 136 per cent after it said it would secure $12m (£9.1m) of emergency funding. The firm, dubbed the Easyjet of Africa, said the fresh funds will provide it with 'sufficient working capital for the remainder of 2018', having warned on Wednesday that it had burned through more than half its remaining cash in a month.

The UK's biggest supermarket has boosted sales of its own-label products by phasing out its everyday value brand and clearing its shelves of its thousands of items of non-Tesco produce.

The firm beat off fierce competition to get the contract to construct the 'hunter killer' anti submarine ships which will replace the ageing Anzac-class frigates.

GfK's long-running consumer confidence index fell two points to -9 in June as Britons reported a marked deterioration in their optimism about the general economy.

In his latest drastic measure, the 47-year-old has been personally overseeing efforts to crank out 5,000 of the Model 3 electric cars per week, sometimes not leaving the site for days at a time.

Work is under way on a facility in Uttoxeter, Staffordshire, next to two existing JCB plants. The hi-tech factory will have the capacity to produce around 100,000 cabs a year.

Greene King boss Rooney Anand said the World Cup was helping bars bring in extra customers. The firm's results showed revenue had declined in the year ending in April by 1.8pc to £2.18bn.

US West Texas Intermediate, which is a second market for oil behind Brent Crude, reached $74.03 its highest level since November 2014. Brent crude rose to $77.85 a barrel.

New Persimmon chairman and boardroom veteran Roger Devlin will join the committee along with non-executive director Rachel Kentleton.

Steve Robertson, the firm's chief executive, said the company had to put investment in its ageing infrastructure first and tackle long-standing issues with leakages and service.

The resolution comes a month after a jury concluded Samsung owed Apple £400m for copying some of the iPhone's innovations in some of Samsung's competing products.

How to invest in funds with momentum

Back in the Nineties, I bought a fund called Jupiter Income. I'm sure many of you bought it, too. It was at the top of the performance tables by some distance. It continued to fly for a few years, until the manager and market conditions changed. But it delivered a handsome profit before I sold it.

In his final speech as a member of the rate setting monetary policy committee, Ian McCafferty warned more aggressive rate hikes would be needed in future unless the central bank acts now.

Only a third of people who work for themselves said they would stay auto-enrolled in a pension, while a quarter would quit and the rest don't know, a survey by a trade body found.

Amazon fraud trap : Couple charged £195 for item they didn't order

John and Dell Lavers, from Plymouth, have only used the online retail giant to buy inexpensive items, such as a mobile phone cover, a watch strap and a few CDs. But, when checking their bank statements in January last year, they noticed a rogue payment of £194.59 for an Amazon order they didn't recognise. The couple immediately alerted their bank, Lloyds.

The website stated that customers could 'instruct us to sell for £849'. The small print added that the fee rose to £1,199 in London and surrounding areas.

The price of the average UK home rose 2 per cent in the year to June to a new record of £215,444, according to Nationwide, but this masks a continuing slowdown.

As House of Fraser struggles is the department store model defunct?

The tumultuous collapse of BHS in 2015 marked just the beginning of a grim episode, during which Debenhams' market value has crashed to just £218m and House of Fraser has been forced to call time on half its stores.

In a scheduled strategy update, the retailer said earnings for the full year will likely be 'substantially' lower than last year too, when it reported a 77 per cent fall in pre-tax profit to £104m.

Use it or lose it. We all know the rules. If you do your main shopping at the supermarket and just rely on the local shop if you run out of milk, you can't complain if it closes.

Man loses savings on a luxury Manchester flat that is never built

Angelgate, near Manchester, was part of a drive to bring high-end housing to cities in the North. Some 320 buyers handed over £33m but the plot pictured yesterday(bottom right) is an abandoned building site. Among the victims were Gabriel Ward, bottom, who paid a £3,000 reservation fee for his Angelgate flat in January 2015 and Mehdi Sadeghian spent £5,000 to reserve a £150,000 two-bedroom flat.

The government agency, which raises money for HM Treasury, wants to attract less from savers this year. NS&I; has been set a target of raising £6bn between April 1 and March 31 next year.

Holidaymakers evicted from Airbnb villas by foreign police

Airbnb, the home-sharing website, is allowing properties to be listed in places such as New York, Singapore, Japan and parts of Spain, where many short-term holiday lettings have been restricted or banned. Tourists are arriving at properties to find 'No Airbnb' signs posted inside the buildings, security guards who want to interrogate them and a hostile reception from other residents.

The chain has teamed up with network Three to offer unlimited calls, texts and 4GB of data. The sim-only contract is a monthly rolling deal you can cancel at any time.

I've been running a graphic design business as a sole trader long before meeting my partner and she has not contributed a single penny to it, could she still get some of the assets?

Aston Martin DBS Superleggera is a £225K revival capable of 211mph

The new lean and mean £225,000 DBS Superleggera accelerates from rest to 62mph in just 3.4 seconds and takes its inspiration from Aston Martin's beefy long distance cruising models which over nearly fifty years have been driven on the big screen by British secret agent 007.

In a victory for Money Mail's Pay Back Fraud Victims campaign, new rules from the City watchdog should help protect the thousands who fall victim to bank transfer scams each year.

With all the cyber security that big firms have at their fingertips and the mountains of online reviews at ours, you'd think the internet would have become a safe place to shop.

Can my wife claim some of her late ex-husband's pension?

During the divorce the assets except his pension were amicably split 50/50. As this was his only income my wife agreed that he could keep the pension. But this was a private agreement and was made without any expectation that he would be diagnosed with cancer and die only a few years later. Does my wife have a legal claim on the pension?

Insurer Zurich found two in five retirees have not adjusted the amount they take from nest eggs in line with dips in the stock market, and may end up with an empty pot.

Fears are growing that unscrupulous firms are targeting customers with final salary pensions that pay a guaranteed amount, to encourage them to move out of the scheme in exchange for a lump sum.

Eye-opening statements culled from focus groups reveal that understanding of how pensions work is poor, levels of mistrust are high, and many people plan to rely on their homes to fund retirement.

Moves to beef up sanctions follow the BhS and Carillion scandals, where savers ended up in the official pension lifeboat scheme with reduced payouts in retirement.

Virgin Money launches one-year fixed savings account

Virgin Money has today launched a savings account which offers its interest in air miles with the Virgin Atlantic airline. The bank hopes to lure savers into the one-year fix with 1,400 Flying Club miles for each £1,000 saved, instead of traditional interest.

10 cars most likely to be listed for sale under £1k

Everyone remembers their first motor - they're usually old, well used and flirting with the big scrapyard in the sky. These are the 10 models you're most likely to find if you are searching for a car for less than £1k. From top, left to right: Ford Fiesta, Renault Clio, Nissan Micra, Vauxhall Corsa, Renault Megane, Ford Ka.

When will UK interest rates rise?

The Bank of England's Monetary Policy Committee kept interest rates on hold at 0.5 per cent, in spite of forecasts of a 90 per cent chance of a rise just three weeks ago. Policymakers voted 7-2 for a hold, with the two members who called for a rise saying that they believed there were 'upside risks' for inflation.

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?

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.

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: Essential advice for property investment

Buy-to-let is much tougher than it once was. A tax crackdown on buying properties and a tax raid on the rental income from owning them has seen to that. But for many Britons the idea of investing in property still appeals, as they trust bricks and mortar and may feel that they can add value to a property. Read our top ten buy-to-let tips

Advertisement
Advertisement
   

MOST READ MONEY

Advertisement

Big Money Questions

       

Tourist rates

Currency Rate Buy now
Updated 30 Jun 2018.
Euro 1.106 Buy Now
US Dollar 1.287 Buy Now
Australian Dollar 1.731 Buy Now
Canadian Dollar 1.688 Buy Now
Chinese Yuan 8.38 Buy Now
Croatian Kuna 8.093 Buy Now
Czech Koruna 28.36 Buy Now
Danish Krone 8.228 Buy Now
Egyptian Pound 16.27 Buy Now
Hong Kong Dollar 9.985 Buy Now
Hungarian Forint 358.8 Buy Now
Icelandic Króna 131.2 Buy Now
Israeli New Shekel 4.588 Buy Now
Japanese Yen 141.2 Buy Now
Malaysian Ringgit 6.2624 Buy Now
Mexican Peso 24.58 Buy Now
New Turkish Lire 5.758 Buy Now
New Zealand Dollar 1.886 Buy Now
Norwegian Krone 10.38 Buy Now
Polish Zloty 4.768 Buy Now
Russian Rouble 70.96 Buy Now
Singapore Dollar 1.736 Buy Now
South African Rand 17.5 Buy Now
Sterling 1.0 Buy Now
Swedish Krona 11.44 Buy Now
Swiss Franc 1.274 Buy Now
Thai Baht 42.21 Buy Now
UAE Dirham 4.702 Buy Now
Argos discount codeWayfair discount codeTravelodge discount code
Advertisement
Advertisement