AA president, Edmund King, says battery electric car ranges 'far better than drivers think' and should not - along with concerns about not being able to reach a charge point - put people off buying them. The motoring group's research has been published on World EV Day, which takes place today. On the day earmarked to celebrate electric vehicles and promote their benefits, we examine the latest reports into what would make them more appealing to drivers...
'Overhaul stamp duty to help first-time buyers and low-income workers buy homes,' says Rics, as it reports a slip in sales and listings in August
The stamp duty land tax system needs a radical overhaul to ensure first-time buyers and workers on lower incomes can get on and move up the housing ladder, experts at?the Royal Institute of Chartered Surveyors has said. The body representing surveyors has called on the Government to carry out a full-scale review of the tax - the temporary reduction of which has led to huge house price rises in the past year. Critics argue that the stamp duty system is unfair and impinges activity across the housing market. While some believe stamp duty should be scrapped altogether, others believe it should be reduced to help keep the market buoyant.
MARKET REPORT: Shareholders cheer B&M profits as bargain retailer hikes half-year forecasts in surprise trading update
The chain, which has over 600 stores in the UK selling everything from wallpaper to vacuum cleaners, said that profit margins had been stronger than originally predicted, thanks partially to lower levels of discounting, while sales had remained broadly in line with expectations. As a result, the firm now expects to deliver earnings of between ￡275m-￡285m for the six months to 25 September, higher than the ￡235m predicted by analysts.
I moved from BT to Expert Telecom and was assured by Expert they would deal with all legal and transfer matters. I have since had a letter from Moorcroft debt agency saying I owe BT ￡1,148.46 because I was in breach of contract. Apparently the information about a contract which I didn't even realise I was on came by e-mail. I didn't open this email as I was waiting for a cataract operation and couldn't see properly.
From shapeshifting city cars to lavish SUV limos: New models debuted at the Munich motor show are proof that not all electric vehicles look the same
This week's Munich motor show - or 'Mobility' show as it has officially been dubbed - has been a showcase of what electric cars of the very near future are set to look like. And despite a common misconception, the selection of unveilings in Germany this week suggest they will be as diverse - if not more so - than motors on the road today. Here is a full rundown of the best and most important electric cars launched in Munich this week. In our list is the teeny City Transformer (top left) that can shrink in size, Mercedes-Maybach's luxurious jacked-up EQS SUV limo (top right), Renault's all new electric Megane family car (bottom left) and Hyundai's Prophecy Concept (bottom right) that signals the design of its high-performance EV due in 2022.
Thinking of releasing the wealth tied up in your home? There are now more options and better rates than ever before
Retirees now have more options than ever when it comes to unlocking the money tied up in their homes. A lifetime mortgage is a type of equity release product which lets homeowners aged 55 or over access some of the money held in their property tax-free. Borrowers get a loan secured on their home - usually up to 58 per cent of its value - and they remain the sole owner. Once any outstanding mortgage has been paid, they are then free to use the money for anything they like, from paying off debts, to gifting money to family members or even enjoying a holiday.
Pay and dismay:?Paying for parking is often a hassle... But our writer was taken for a ride by a scammer who stole over ￡300 in just 20 minutes
When a well-dressed man came to the assistance of RAY BRADBURY and wife Plum after the payment machine they were trying to use refused their card, they assumed he was a friendly local resident or a parking machine engineer who worked for the council. The helpful stranger took them to an alternative payment machine just down the road, but it swallowed their card.
Pensioners are dealt a blow as the triple lock goes double to stall a potential 8.8% rise: What will it mean for you?
The earnings element of the state pension triple lock will be abandoned for a year, meaning that increases in the state pension will not be dependent on wage rises. The double lock this year will be the higher of September's CPI inflation or 2.5 per cent. This means April's 2022 pension increase is likely to be whatever the September inflation rate is, as this is expected to be 3 to 3.5 per cent. How much have pensioners lost out, what were the other options, and have they dodged a worse outcome for future state pension rises? We explain.
No job... but lured into bags of debt:?A 'buy now, pay later' crackdown was promised months ago but it's too late for many
One in ten shoppers who used 'buy now, pay later' services is unemployed and dependent on benefits and only half of those who used checkout lending services were full-time employees, our survey found. The sector has continued to grow at a galloping pace since ministers pledged to regulate it. Klarna has more than 15 million UK customers and more than 250,000 retailers on its books.
Bidding battle for Morrisons will go to an auction showdown with shareholders voting on a deal within a matter of weeks
Morrisons has confirmed it is in discussions with its Takeover Panel to launch an auction process for the supermarket chain. Top brass at the supermarket hope the process will bring to an end the three-month battle for the business between two private equity firms, Clayton Dubilier & Rice and Fortress. Morrisons said that, on the basis that neither bidder has declared their offer final, 'such that either offer may be further increased or otherwise revised, a competitive situation continues to exist.'
Are you a mover, a flipper or a forever-homeowner? This is Money podcast on the pandemic property boom tribes
Among its many surprises, the coronavirus pandemic has delivered a property boom. In pretty much the exact opposite scenario to that almost all experts predicted, the property market has hit fever pitch over the past year and a bit, with more people moving and house prices soaring. We take a look at the property tribes and how they are driving the market - from those who love to move, to those chasing a quick buck, and those whose sole desire is to find the perfect place to stay put.
If I cash in my ￡38K private pension, how will it affect the?NHS pension that I will be paying into for another three years? Steve Webb replies
I have a small private pension of ￡38,000 which I want to cash in. I am presently paying in to my NHS pension at least for another three years. I have both a 1995 and 2015 NHS pension. If I cash in my private pension does this mean that it will affect how much I will get from my NHS pension when I retire due to the MPAA?
VW unveils its dinky electric car for 2025 that doubles as a CINEMA: The ID.Life concept has a 250-mile range and is likely to cost around ￡17,000
The ID. Life concept is a teaser for the ID.1 or ID.2 compact crossover model set to sit below the already-on-sale ID.3 hatchback from 2025 and will provide up to 248 miles of range on a full charge. Bosses said it will cost as little as?€20,000 when it hits showrooms in four years' time, which is around ￡17,000 in the UK. That's around ￡3,000 less than the current smallest VW Crossover - the T-Cross - and also cheaper than the Polo supermini, which starts from ￡17,300. The concept vehicle shown this week has a design that's centred around young people and communal experiences. It?can be used as a mini cinema or a gaming centre with a retractable projection screen that can be used when the car is parked up. Other scatterings of tech include side cameras instead of door mirrors, a nine-inch display and door pockets with integrated wireless charging function for smartphones.
Dacia's affordable new family wagon: Jogger crossover will be Britain's least expensive seven-seat car costing from around ￡13,000
Starting from around ￡12,900 in the UK, it will cost less than half as much as a Skoda Kodiaq, which is one of the cheapest seven-seaters on the market today. It will also become the first Dacia to offer hybrid technology, though not until 2023. Bosses say the new model will blend 'estate car practicality, MPV spaciousness and SUV styling'. Here's what you need to know about the all new Jogger, which can be ordered from November.
The ￡1m property battle! Would you choose this city pied-à-terre or a Grade II listed six-bed detached family home??
We have picked two very different homes for sale - one is a flat in London's affluent Knightsbridge with one bedroom and a substantial service charge of ￡7,000 a year (pictured on the left) and the other is a Georgian family home in a Nottinghamshire village with half an acre of garden which is on the market for the first time in more than 50 years (pictured on the right) - but which would you choose if you had ￡1million to spend on your next property?
'I tasted Ashes win but I'm stumped for cash': Ex-cricketer Matthew Hoggard tells ME & MY MONEY he set up a cookery school but was hit by lockdown
Former cricketer Matthew Hoggard has struggled to make ends meet since pandemic lockdowns destroyed his income. Hoggard, who helped England beat Australia in 2005, opened a barbecue cookery school, Hoggy's Grill, last year. The 44-year-old told Donna Ferguson that takings from the school dried up - along with money he usually makes from corporate entertainment and after-dinner speaking. He lives in Leicestershire with wife Sarah, 43, and son Ernie, 14.
The hardest decision to make as an investor: Your shares have tumbled, so do you sell - or buy even more?
Selling at a loss means admitting you made a mistake, which is difficult at the best of times - not least when you have money riding on it. And investors are often haunted by the fear that an asset they owned will recover in value as soon as they sell, leaving them racked with regret. Markets plunged in March last year as nervous investors sold out due to fears over the impact of the global pandemic. Now 18 months later, the value of the UK's top 250 listed companies is hitting record highs this week. Investors who sold out when markets were in freefall would have missed out on an epic recovery. So how do you decide the right time to sell?
Savers who are able to tie up their money for a year or more finally being rewarded with higher interest deals
Online bank DF Capital has launched a one-year bond offering 1.45 per cent, for savers with more than ￡1,000 to put away. This time last year the best paying one-year bond was from Paragon Bank at 1.2 per cent. But if you are willing to tuck your money away for even longer there are better offers to consider. Islamic bank QIB (UK) is offering a three-year bond that pays 1.77 per cent. Savers willing to leave at?least ￡1,000 untouched for four years could get 1.81 per cent with lender Zopa.
State pension CHAOS: People turning 66 face frustration and hardship with first payments taking MONTHS to arrive as DWP customer service buckles
A string of readers have contacted us to report unexplained delays, frustrating waits and being cut off on the phone, and staff repeatedly asking for the same information. Some say they are suffering stress and financial difficulties as they bombard the Department for Work and Pensions with calls to resolve payment problems after they hit state pension age.
Toyota beefs up award-winning Yaris to grab larger slice of lucrative small SUV and crossover market, and RAY MASSEY gives this 'Cross' a big tick
I road-tested the new Yaris Cross, a jacked-up version of the Yaris super-mini, currently European Car of the Year. Priced from ￡22,515 for the entry level Icon trim-level, the Cross derivative is impressive, too, great for cruising around town and country. The car I drove on a return trip to the South?Coast was the fully-stocked Premiere Edition with front-wheel drive costing ￡28,185. The top-range all-wheel drive version is ￡30,545. But its biggest seller is expected to be the mid-spec Design trim from ￡24,140.
Achieve the right balance of risk and return for you: Part 3 of MR MONEY MAKER's guide to building a long-term savings portfolio
First we go back to our balance sheet. What assets do you and your family already own? Quite likely this will include property but also a pension which will have a blend of asset classes in it. Then most of us will have a muddle of other stuff, including deposit accounts, premium bonds and maybe the odd gold coin left by your favourite auntie. Time then for some proper housekeeping and take an inventory of your assets. You will have already laid out a plan for how much you are going to need in the future. Thus you will know the target number you need to achieve by a certain date. Next week we can start selecting what blend of asset classes you are going to need to achieve that goal.
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?
The average mortgage rate is edging down, as lenders bring back their full range of products and launch tantalising deals with interest of less than 1 per cent for those with lots of equity. However, the situation is slowly improving for those at the other end of the scale, too, as five and 10 per cent deposit mortgages return.
Buy-to-let is much tougher than it once was. 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
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|Prize||Area||Value of bond|
|￡100,000||Cheshire West and Chester||￡10,000|
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|Updated 09 Sep 2021.|
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