Tesla: Bitcoin price drops after Elon Musk announces suspension of crypto payments | City & Business | Finance

Elon Musk suspended the world’s most popular cryptocurrency over fears about its fossil fuel usage. Shortly after the announcement, Bitcoin’s price dropped sharply by around $2,000. In a Twitter post, Mr Musk said: “Tesla has suspended vehicle purchasing using Bitcoin. “We are concerned about rapidly increasing use of fossil fuels for More...

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By admin On Wednesday, May 12th, 2021
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Mortgage affordability calculator impacts borrowing capacity but rates also have effect | Personal Finance | Finance

Mortgage expert Andrew Montlake and property expert Louisa Fletcher discussed the matter during the latest episode of their podcast The Property Show. It came as the pair addressed how much a person can borrow More...

By admin On Wednesday, May 12th, 2021
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SEISS: When does the self-employed grant scheme end? | Personal Finance | Finance

The Self-Employment Income Support Scheme (SEISS) is open for applications for the scheme’s fourth grant. To date, billions of pounds have been paid out to help support self-employed people during the pandemic. More...

By admin On Wednesday, May 12th, 2021
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Bitcoin warning as China and Russia could become ‘crypto havens’ | City & Business | Finance

At the beginning of January, the President of the European Central Bank (ECB), Christine Lagarde, announced she wanted to regulate cryptocurrencies. Ms Lagarde argued Bitcoin had been used for money laundering More...

By admin On Tuesday, May 11th, 2021
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Elon Musk hints Tesla may accept Doge as payment – CEO asks followers if they back move | City & Business | Finance

Mr Musk’s poll received more than two million responses in five hours since he posted it. It comes just days after the billionaire said that SpaceX would accept dogecoin as payment to launch a lunar mission More...

By admin On Tuesday, May 11th, 2021
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Jeff Bezos tipped to win big from Brexit as Amazon boss to become UK-EU middleman | City & Business | Finance

Jeff Bezos wealth exceeds $171 billion during pandemic Mr Bezos, who built up the digital empire that is Amazon, will step down as its Chief Executive later this year. After amassing a fortune of almost $200billion More...

By admin On Tuesday, May 11th, 2021
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UK holidaymakers to deliver £1billion boost to tourist hotspots at home | City & Business | Finance

On current evidence the average resident has visited more places abroad than they have within the UK. But as England’s accommodation and indoor hospitality sector prepares to reopen on May 17, the total spend More...

By admin On Monday, May 10th, 2021
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Boris Johnson & David Cameron ‘worst Prime Ministers for wage growth’ since Harold Wilson | Personal Finance | Finance

Amid low wage growth, a high cost of living and skyrocketing house prices, those aged 18 to 40 have been referred to as “generation rent”. The Government has launched a 95 percent mortgage scheme, More...

By admin On Monday, May 10th, 2021
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Over 50s could use pensions to boost returns by up to 41.6% – ‘Many could be better off’ | Personal Finance | Finance

NFU Mutual said the tax on withdrawal would be £1,500 – meaning £8,500 would be available – a boost of 41.6 percent compared to the ISA example. For a higher rate 40 percent tax payer, creating More...

By admin On Monday, May 10th, 2021
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EU Settlement Scheme application deadline falls next month – how to secure pension access | Personal Finance | Finance

EU, EEA or Swiss citizens (and their families) can apply to the EU Settlement Scheme to continue living in the UK beyond summer 2021. So long as applications are successful, claimants will gain access to UK More...