-
Recent data reveals that only 10,600 new fathers in the UK took shared parental leave in 2023-24, a stark contrast to 623,100 women on maternity leave. The scheme is criticized for being elitist and underutilized, particularly among lower earners.
-
As of November 13, 2024, mortgage rates in the U.S. have surged to 6.79%, the highest since July, driven by inflation concerns following Donald Trump's election victory. In the UK, rising rates are also impacting the housing market, prompting borrowers to act quickly amid economic uncertainty and higher borrowing costs.
-
As Oasis prepares for their highly anticipated reunion tour in 2025, fans have reported significant losses due to ticket scams. Lloyds Bank revealed that victims, primarily aged 35 to 44, lost an average of £346, with some losing up to £1,000. The scams often originate from fake social media posts.
-
Barclays has decided to withdraw its appeal against a £40 million fine imposed by the Financial Conduct Authority (FCA) for failing to disclose fees paid to Qatari investors during the 2008 financial crisis. The bank aims to move past the issue, despite not agreeing with the FCA's findings.
-
Nationwide Building Society reports a £2.3 billion gain from its recent acquisition of Virgin Money, despite a 43% drop in pre-tax profits to £568 million. The merger, the largest in the UK since the financial crisis, aims to enhance customer benefits and strengthen Nationwide's market position.