Author Topic: Financial matters  (Read 132006 times)

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Offline spotty dog

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Re: Financial matters
« Reply #330 on: February 03, 2020, 12:48:35 pm »
The problem with cash is trying to bank it especially now POST Office are shutting

Offline SteveH

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Re: Financial matters
« Reply #331 on: February 03, 2020, 02:32:55 pm »
Both good points, I am to ensconced, in the good old days.   



Offline SteveH

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Re: Financial matters.......Rates application deadline
« Reply #332 on: November 16, 2020, 02:37:40 pm »
BUSINESSES that haven't yet applied for the Lockdown Non Domestic Rate Grant have until Friday.

Conwy County Borough Council is reminded businesses in the county that the application deadline is 5pm on November, 20.

These grants are available to businesses liable for paying Business Rates to Conwy and which are on the Business Rating List (on or before September 1 2020).

There are two grants:

Grant 1: A grant of £5,000 is being made available for retail, leisure and hospitality businesses that have been forced to close (as defined by the regulations) and occupy properties with a rateable value of between £12,001 and £51,000.

Grant 2: A grant of £1,000 is being made available to all businesses eligible for small business rates relief in Wales with a rateable value of up to £12,000.

cont  https://www.northwalespioneer.co.uk/news/18874950.deadline-apply-lockdown-non-domestic-rate-grant-looming/

Offline SteveH

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Re: Financial matters
« Reply #333 on: July 20, 2021, 10:30:26 am »
New state pension plan means you could get an additional £520 a year from 2022
The proposed changes would be on top of any increases in line with inflation

https://www.dailypost.co.uk/news/north-wales-news/new-state-pension-plan-means-21091303

Offline SteveH

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Re: Financial matters
« Reply #334 on: September 07, 2021, 02:30:20 pm »
Old £20 and £50 notes are soon to be no longer be accepted in shops.

The new £20 note was released on February 20, 2020 - joining the new £5 and £10 polymer notes which were already in circulation.

How long do I have to use old £20 and £50 notes?
Both the old paper £20 and £50 banknotes will expire on Wednesday, September 30, 2022.

This means this is the absolute last day you can spend them in stores - so you have just over one year to use them.

A note from the Bank of England reads: "30 September 2022 will be the last day you can use Bank of England paper £20 and £50 notes.

"After 30 September 2022, these paper notes will no longer be legal tender, so we encourage people to spend them or deposit them at their bank ahead of this date."          But if you miss this deadline, you do have some options.

How to exchange old banknotes
On the Bank of England (BoE) website, there are instructions for those who may still be clinging on to old paper banknotes.

You can look to exchange them at the following places:
At your bank: The BoE says the easiest way to exchange notes is to deposit them with your bank. You'll need to visit your nearest bank branch in person to do this.

At the Post Office: The Post Office may also accept withdrawn notes as payment for goods and services, or as a deposit into any bank account, you can access with them.

At the Bank of England: You can post old banknotes to the BoE and they'll then send you a cheque for the amount, or the equivalent in new polymer notes.

Send your banknote(s) and photocopies of ID to Department NEX, Bank of England, Threadneedle Street, London EC2R 8AH.

You can also visit the BoE in person to exchange old notes. You may be asked to complete a form and need to provide two original identity documents.

The BoE may also exchange accidentally torn, damaged or mutilated notes - as long as they are genuine and not counterfeit.

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When did the old £5 and £10 get withdrawn?

The old paper £5 note - which was replaced by a new polymer version on September 13, 2016 - stopped being legal tender on May 5, 2017.

As for the old £10 note - of which a new polymer version came out on September 14, 2017 - the cut-off date for using this was March 1, 2018.

Have your say in the comment section below.

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Offline SteveH

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Re: Financial matters
« Reply #335 on: September 21, 2021, 10:04:39 am »
Gas price hikes: Will my energy bills rise?
The economy is opening up from its pandemic lows, so demand for gas is increasing - but there are several more reasons for the demand

The price of gas has soared in recent weeks, putting several energy suppliers out of business and forcing some factories to stop production.

The price of wholesale gas has surged by 250% since the beginning of the year and added 70% just since August, according to figures from Oil & Gas UK.

cont https://www.inyourarea.co.uk/news/gas-price-hikes-will-my-energy-bills-rise/


Martin Lewis warns of 'catastrophic' situation as people face devastating choice
The founder of MoneySavingExpert.com said government intervention was needed to help families

Martin Lewis has warned of a "catastrophic" situation facing many as energy bills rise in the country.

The consumer champion warned that many people will be forced to make the devastating choice between heating and eating as energy bills rise, and said intervention was needed to help consumers.

Soaring wholesale gas prices are putting an upward pressure on energy bills.

cont  https://www.dailypost.co.uk/news/north-wales-news/martin-lewis-warns-catastrophic-situation-21627115?IYA-reg=a05105fc-304d-4c50-9807-edab51f779a4

Offline SteveH

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Re: Financial matters
« Reply #336 on: October 01, 2021, 09:58:02 am »
Up to 15 million household are set to see their energy bill increase from today because of a rise in wholesale energy prices, regulator Ofgem has said.

UK households will be asked to pay a further £139 starting from October 1 at a time when many families are still recovering from the impact of the coronavirus pandemic.

The sharp rise will see default customers paying by direct debit see their bill rise from £1,138 to £1,277.

cont https://www.northwalespioneer.co.uk/news/19618029.ofgem-energy-bill-price-cap-rise-139-today-15-million-households/

Offline SteveH

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Re: Financial matters
« Reply #337 on: October 28, 2021, 02:04:44 pm »
Some better news below, but speaking to the Tesco delivery driver this morning, they are crying out for more staff and drivers, there is work out there.

MORE Conwy households had all adults in work last year, figures show, despite the first fall across the UK in nearly a decade.

The Institute for Public Policy Research criticised the country's social safety net and said the end of coronavirus support measures will only make matters harder for workless families.

Office for National Statistics data shows 17,512 households in Conwy had all working age occupants aged 16 or over in employment in 2020 – 57.1% of all those in the area.

This was up from 53% the year before.

There were also 5,131 households in the area with no adults in work, which at 16.7%, was down from 18% in 2019.

Meanwhile, the proportion of mixed households – with at least one working and one workless adult – decreased from 28.9% to 26.1% over this period.

cont  https://www.northwalespioneer.co.uk/news/19678375.rise-number-conwy-households-work-despite-pandemic-research-shows/

Offline SteveH

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Re: Financial matters
« Reply #338 on: November 08, 2021, 01:32:17 pm »
The £2 coin that sold for £500 - and there are thousands more out there
The coin features a rare error that has made its value skyrocket

cont https://www.dailypost.co.uk/news/north-wales-news/2-coin-sold-500-thousands-22098698

Offline SteveH

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Re: Financial matters
« Reply #339 on: November 17, 2021, 01:00:20 pm »
Amazon has told customers that they won't be able to use Visa credit cards issued in the UK from the beginning of next year to pay for items on the site.

The change will come in from January 2022, according to the company.

Currently Amazon users can choose to pay via Visa, Delta, Visa Electron, MasterCard, EuroCard, American Express, UK based Maestro and Solo card, with this including Visa credit cards.

However, in an email to customers, the company confirmed it will stop accepting payments made using Visa credit cards issued in the UK "starting January 19 2022".

cont https://www.northwalespioneer.co.uk/news/19722336.amazon-visa-customers-cant-use-uk-issued-visa-credit-cards-2022/

Offline SteveH

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Re: Financial matters....Energy bills
« Reply #340 on: January 06, 2022, 09:47:18 am »
"We don't know yet" how high household energy bills might go after the next review of the price cap, one energy boss has told the BBC.

Octopus Energy's chief executive Greg Jackson said the sector was working to "minimise cost increases".

The energy price cap, which sets the maximum amount that suppliers can charge customers on a default tariff, sits at £1,277.

Some experts have said it could jump in April as gas prices continue to soar.

The new level for the price cap, which applies to England, Scotland and Wales, is due to be announced on 7 February.

Government officials have suggested that is the absolute deadline for offering fresh support for firms as costs mount.

Mr Jackson told the BBC's Today programme: "The reality is that in the energy sector, the UK buys most of its energy on a global market and we've had to pay about £20bn more than usual this year.

"So in one way or another, the UK's going to have to pay that money."

cont  https://www.bbc.co.uk/news/business-59892533

Offline SteveH

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Re: Financial matters
« Reply #341 on: January 20, 2022, 10:25:11 am »
North Wales electricity prices ranked highest in UK as energy bills skyrocket

According to research by energy experts Boiler Central, the cost of electricity in North Wales has risen by almost 30 per cent in the past five years.
People in North Wales and Merseyside now pay more than £800 a year (on average) for electricity, which is the highest in the UK.

"With bills predicted to skyrocket a further £600 in the spring, it is becoming more and more impossible for families to meet these costs.

"Not only are energy prices rising for the nation, but several areas of the UK are already dealing with the consequences of regional differences in electricity bills.

The statement below seams rather contradictory, as I thought NW was a leader in renewable energy.
"Energy generation across the UK isn’t equally powerful – while some regions have richer sources of fossil fuels and renewable energy, some regions struggle to generate energy as well as the rest of the UK, which leads to higher costs, and consumers having to pay a higher proportion of their wage towards energy."

https://www.dailypost.co.uk/news/north-wales-news/north-wales-electricity-prices-ranked-22806874?IYA-mail=a05105fc-304d-4c50-9807-edab51f779a4

Offline Helig

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Re: Financial matters
« Reply #342 on: January 20, 2022, 11:01:01 am »
There is talk of the government paying energy companies to keep prices lower. Why not renationalise the energy firms to stop this mess continuing?

Offline mull

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Re: Financial matters
« Reply #343 on: January 20, 2022, 11:54:46 am »
That's what I say----- Bring back MANWEB, and up here Hydro Electric.

We all knew were we stood in them days it is now a shambles, certain people making a lot of money while others are being pushed into poverty.

Offline norman08

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Re: Financial matters
« Reply #344 on: January 20, 2022, 02:02:55 pm »
Yes I agree get these companies back to ours,   Instead of the Tory mates getting big share payouts.