Category Archives: Business
July 7, 2025
Family Car Favoritism: Why Did My Mum Gift My Cousin a Free Car When I Had to Buy My Own?
A reader writes in with a family finance dilemma: *”When my cousin turned 17, my mum gave her an old car for free—no strings attached. But when I and my siblings turned 17, we had to work part-time jobs, save for months, and pay for everything ourselves. Why the double standard?”* The Dilemma: Unequal Treatment or […]
July 6, 2025
3 Warren Buffett Investing Principles Anyone Can Use
Warren Buffett, the “Oracle of Omaha,” has built a $100B+ fortune through smart, disciplined investing. While most of us can’t match his resources, we can adopt his timeless strategies. Here are three simple Buffett principles you can apply today—even with modest funds. 1. Stick to Your Circle of Competence “Risk comes from not knowing what you’re doing.” – Buffett Buffett […]
July 6, 2025
Rats in the Loft: Can You Sue the Previous Homeowner?
Buying a house only to discover a rat infestation can be a nightmare. But do you have any legal recourse against the seller? Here’s what you need to know if you find yourself in this situation. The Problem: Rats in a Newly Purchased Home A homeowner recently moved into a new property, only to later find rat droppings […]
July 5, 2025
UK Construction Sector Struggles: 6th Month of Decline Despite Housing Uptick
UK Construction Activity Continues Downward Trend The UK construction sector remained in contraction in June 2025, marking the sixth straight month of decline, according to the latest S&P Global UK Construction PMI®. 📉 Key Findings: Overall PMI: 48.8 (up from 47.9 in May, but still below 50 = contraction) House building rebounds slightly (50.7) – first growth since September 2024 Commercial construction […]
July 4, 2025
NS&I Cuts Rates on British Savings Bonds – Are They Still Worth It?
National Savings & Investments (NS&I) has launched new British Savings Bonds, but with significantly lower rates than previous offers. Here’s what savers need to know. 2024 British Savings Bonds Rates (vs Previous Rates) Term New Rate (AER) Previous Rate (AER) Drop 2-Year 3.85% 4.00% -0.15% 3-Year 3.88% 4.10% -0.22% 5-Year 3.84% 4.06% -0.22% Minimum deposit: £500 Type: Government-backed fixed-rate bonds Why […]
July 3, 2025
Heathrow Blackout Caused by 7-Year-Old Unfixed Fault, Investigation Reveals
Neglected Substation Fault Behind Heathrow Airport Blackout A catastrophic power failure that shut down Heathrow Airport in March has been traced to a long-ignored transformer fault first detected seven years ago, according to an official investigation by the National Energy System Operator (NESO). Key Findings from the NESO Report ✔ Faulty transformer bushing – Moisture ingress caused a fire at the North Hyde 275kV substation ✔ Warning […]
July 3, 2025
Financial Complaints Hit Record High Since PPI Scandal, Ombudsman Reveals
Financial Complaints Soar to Post-PPI Scandal Highs The Financial Ombudsman Service (FOS) has reported a 54% surge in complaints, reaching 305,726 in 2024-25—the highest level since the PPI scandal peak in 2018-19. Key Findings from the FOS Report ✔ 305,726 total complaints (April 2024–March 2025) – Highest since PPI crisis ✔ Fraud & scam complaints hit record high (35,416, up 28% year-on-year) ✔ Motor finance complaints skyrocket (73,328 vs. 12,604 […]
July 2, 2025
Santander Expands UK Footprint with £2.54 Billion TSB Acquisition
Santander’s Strategic Move: Buying TSB to Boost UK Market Share In a major shakeup for UK banking, Santander has agreed to acquire TSB from Spanish rival Sabadell in a deal worth £2.54 billion. The acquisition, pending shareholder approval, positions Santander as the seventh-largest branch network in the UK and accelerates its push to become the third-largest bank by personal current accounts. Key Details […]