Elon Musk news: ‘Real reason’ Musk halted Bitcoin payments, expert claims | City & Business | Finance

A cryptocurrency expert has claimed the reason why Elon Musk said Telsa would no longer accept payments in Bitcoin was due to the carmaker hoping to gain access to renewable energy credits from the Biden administration. Last week it was reported that Tesla was seeking entry into the multi-billion dollar US renewable fuel credit market. […]

Continue Reading

Martin Lewis explained smart trick for low earners to boost pension ‘by thousands’ | Personal Finance | Finance

The coronavirus pandemic has plunged many businesses and workers into uncertainty as the economy struggled in 2020. The UK economy suffered a record annual slump in 2020, shrinking by 9.9 percent as coronavirus restrictions hit output. The contraction in 2020 “was more than twice as much as the previous largest annual fall on record”, the […]

Continue Reading

Pension scams: DWP takes action on ‘lowest of the low’ but will the new legislation work? | Personal Finance | Finance

Pension scams are proving to be a real issue for UK retirees, with Action Fraud recently reporting that savers have lost £1.8million in fraud in the first three months of 2021. The Government has taken steps to address this and yesterday, the DWP set out new rule proposals to “help curb online pension scams”. The […]

Continue Reading

Bank closures to ‘make matters even worse’ for low interest rates – get ready now | Personal Finance | Finance

Cash access came into focus recently as three announcements on the future of cash were made on the same day. On May 13, UK Finance published a commitment to long term access to cash, which was signed by a number of banks including Barclays, HSBC and Santander. Additionally, the Financial Conduct Authority (FCA) published a […]

Continue Reading

What will Dogecoin be worth in 2030? | Personal Finance | Finance

Dogecoin, originally launched as a satirical alternative to bitcoin, is now the sixth largest cryptocurrency in the world, and its price is predicted to rise over the course of the coming decade. Since its launch in 2013, the price of Dogecoin has remained relatively underwhelming, but this has changed for the better in recent months. […]

Continue Reading

PIP appeal rules explained as DWP tackles the refusal process – proposed changes rejected | Personal Finance | Finance

PIP and other benefit decisions can be appealed where a claimant is unhappy with a decision following a mandatory reconsideration. Mandatory reconsideration rules force the DWP to review a benefit decision where a claimant disagrees with the result or simply wants to have it looked at again. Mandatory reconsiderations need to be requested within one […]

Continue Reading

NS&I ranked: Savers flock to other savings products as average rates plummet – should you? | Personal Finance | Finance

Savings rates have plummeted to record lows over the last year or so, as coronavirus decimated the economy and the Bank of England was forced to lower the base rate to 0.1 percent. Many financial institutions have been affected by this, including NS&I. On top of this, NS&I saw £429million withdrawn from customers in May, […]

Continue Reading

Benefit claimants warned to ‘take extra steps’ as WhatsApp scam messages emerge – be aware | Personal Finance | Finance

A debt respite scheme was launched in early May to help those struggling with certain debts. This Breathing Space scheme gives people in problem debt the right to certain legal protections from their creditors and where it is utilised, a debtor will be able to effectively pause their debt repayments for up to 60 days. […]

Continue Reading

State pension UK: How to ensure voluntary NI contributions boost income – full details | Personal Finance | Finance

State pension payments require at least 10 years of qualifying NI contributions, with 35 years needed for the full amount of £179.60 per week. To find out how much a person may receive from their state pension, a forecast can be requested from the Government’s website. Once this has been done, people will then be […]

Continue Reading

Bitcoin community could be future of housing market ‘The start of something bigger’ First | Personal Finance | Finance

Managing Director at One Bequia Storm Gonsalves is planning to create the first Bitcoin community in the Caribbean where goods, services and the houses themselves could all be paid for through Bitcoin. The properties, ranging from £670,000 to £1.6million, can be purchased using cryptocurrencies equivalents where prices are locked in to avoid fluctuations in price […]

Continue Reading