Daily Express says Martin Lewis has explained how people on benefits could get a bonus of up to £1,200 on their savings through a special account.
Author: WTX Business Team
Daily Mirror says Customers of 10 banks including Barclays, Halifax, Lloyds, Nationwide and Monzo have been locked out of their bank accounts this morning.
Sky News says shop prices grew at the fastest rate in more than a decade during May, spurred on by rapidly-accelerating food inflation.
The Daily Mirror says Barclays is closing another 27 bank branches, and will have closed 103 by the end of the year.
The Guardian says the average price of a UK home has topped £250,000 for the first time, but the proportion of sellers reducing their asking price and the time taken to sell a home have both increased, according to Zoopla’s latest market index.
The Guardian says Rishi Sunak will push the button on a controversial windfall tax on energy companies on Thursday, as he lays out measures to ease the pain of rising household bills.
The Independent says Average asking prices for UK properties have jumped £55,000 since the start of the pandemic, with no slowdown in the “frenetic” market despite the cost of living crisis, new figures show.
The Guardian says Boris Johnson hopes to blunt calls for urgent action on the cost of living crisis by stressing that work is the best route out of poverty, as an energy firm boss warned that 40% of households could soon be in fuel poverty.
The Guardian says consumer confidence in the UK has fallen to the lowest level since records began in 1974 amid growing concern over the cost of living crisis.
The Guardian says UK inflation soared to 9% in April – its highest level for more than 40 years – as the rising cost of gas and electricity pushed household energy bills to record levels.
A leading story in the UK this morning has been comments from the Bank of England’s governor about “apocalyptic” food prices
BBC News says some of the poorest households in England and Wales are struggling to access council tax rebates to help offset their soaring energy bills, a charity has warned.
Fast food giant McDonald’s has announced it will permanently leave Russia after more than 30 years and has already started selling its restaurants there.
Elon Musk has said his billion dollar deal to but Twitter is currently on hold after he queried the number of fake or spam accounts on the platform.
The Guardian says shockwaves swept through cryptocurrency markets on Thursday as tether, the largest “stablecoin” and a foundational part of the digital asset ecosystem, broke its peg to the dollar in the latest blow to the struggling sector.
The Independent says the price of the Terra (LUNA) cryptocurrency has fallen by more than 99 per cent, wiping out the fortunes of crypto investors.
The Independent says the UK economy shrank in March, as soaring living costs and the war in Ukraine hindered recovery from the pandemic.
The Guardian says more than 250,000 households will “slide into destitution” next year, taking the total number in extreme poverty to around 1.2m, unless the government acts now.
The Guardian says Elon Musk has said he will reverse Twitter’s ban on the former US president Donald Trump if the Tesla boss completes a takeover of the social media platform.
Sky News says the soaring cost of living has seen consumers “put the brakes” on their shopping habits, new figures show.
BBC Business says the boss of Scottish Power has warned that millions of customers face an horrific winter unless there is a major government intervention in energy firms.
The Metro says BP has revealed record underlying profits – as the living cost crisis continues across the UK.
The Guardian says the cost of household goods such as toys, furniture and clothing is rising by the fastest rate in more than 15 years as the impact of the war in Ukraine combines with Covid lockdowns in China.
BBC News says Business and government users on Twitter may need to pay a “slight” fee to stay on the social media platform, Tesla boss Elon Musk has said.
TRT World says investors speculating over whether Elon Musk will complete his $44 billion acquisition of Twitter Inc have sent company shares to their lowest level.
