![](\"https://multiply.ghost.io/content/images/2021/03/image-10.png\")
The 1-minute read to get all the money news plus expert adviser views.
Yorkshire Building Society has become the first lender to relaunch a 95% mortgage, after the government’s mortgage guarantee scheme was announced on 3rd March. It’s almost a year since lenders first withdrew their mortgage options for buyers with small deposits. The deal will only be available to first-time buyers and can’t be used to buy a new build property or a flat.
Hand gel, dumbbells, and loungewear are joining the official consumer price index this month, marking a shift in the UK’s spending habits. The index is used to measure price inflation, so it needs to be representative of what we’re buying. Kicked off the list were white chocolate and staff canteen sandwiches.
After spending a year with the curtain down, 95% of theatres are worse off due to the pandemic. The industry body UK Theatre also reported that 16 organisations have lost more than £5 million. Theatres are planning to reopen with half-full audiences on 17th May, and some hope to break even this year.
Greggs will open 100 new shops this year, despite failing to rise. The baker sank to its first loss in 36 years in 2020, but cranked up its delivery and click-and-collect services. Elsewhere on the high street, Thorntons is set to shut its 61 shops and move to online-only, putting 600 jobs at risk.
","url":"https://multiply.ghost.io/first-95-mortgage-launches/","uuid":"ed6f7a87-a206-4d8d-afe1-afdf42f8ac65","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60507848563816003bc6b3ec"}},{"node":{"id":"Ghost__Post__604f2f6798ee18003b7c6fac","title":"House prices still rising?","slug":"house-prices-still-rising","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/403.png","excerpt":"Plus: 17,500 shops and restaurants close, business confidence hits 3-year high, government’s pub plans irrational?","custom_excerpt":"Plus: 17,500 shops and restaurants close, business confidence hits 3-year high, government’s pub plans irrational?","created_at_pretty":"15 March, 2021","published_at_pretty":"15 March, 2021","updated_at_pretty":"15 March, 2021","created_at":"2021-03-15T09:56:55.000+00:00","published_at":"2021-03-15T10:01:06.000+00:00","updated_at":"2021-03-15T10:32:26.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"},{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"}],"plaintext":"The 1-minute read to get all the money news plus expert adviser views.\n\nSellers asking for more\nAsking price growth was already accelerating\n[https://www.reuters.com/world/uk/asking-prices-uk-houses-rise-again-rightmove-2021-03-15/]\n, even before the stamp duty holiday was extended, according to Rightmove. The\nproperty site says asking prices went up 0.8% in the 4 weeks to 6th March,\nhigher than the 0.5% in the previous 4 weeks. The number of people enquiring\nabout each property hit a new record at the same time.\n\n17,500 closures\nShops, restaurants and other hospitality venues closed at a rate of 48 per day\nlast year as the impact of the pandemic continues to hit. 2020 saw 17,500\noutlets disappear\n[https://www.theguardian.com/business/2021/mar/14/great-britain-high-streets-lost-more-than-17500-chain-stores-in-2020-covid] \nfrom high streets, shopping centres, and retail parks across the country.\nNon-essential retail will reopen on 12th April - but our towns and cities could\nlook very different.\n\nBusiness feeling buoyant\nBusiness confidence has hit a 3-year high\n[https://www.cityam.com/vaccine-rollout-sends-business-confidence-to-highest-levels-in-three-years/] \nas the vaccine rollout continues. That’s according to the global business\noutlook survey by IHS Markit. Firms are hopeful that restrictions could soon be\nlifted, and are planning to start investing and hiring again, with hiring\noptimism at its highest level since 2015.\n\nPub plans “irrational”?\nBig names in hospitality have threatened to sue the government\n[https://www.bbc.co.uk/news/business-56397029] for letting non-essential retail\nopen 5 weeks ahead of pubs and restaurants. Indoor hospitality is set to resume\non 17th May. Pizza Express investor Hugh Osmond and adviser Sacha Lord called\nthe plans “irrational” in a letter to the prime minister. The government has\ndefended its timelines, saying the lockdown easing must be cautious.","html":"The 1-minute read to get all the money news plus expert adviser views.
Asking price growth was already accelerating, even before the stamp duty holiday was extended, according to Rightmove. The property site says asking prices went up 0.8% in the 4 weeks to 6th March, higher than the 0.5% in the previous 4 weeks. The number of people enquiring about each property hit a new record at the same time.
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Shops, restaurants and other hospitality venues closed at a rate of 48 per day last year as the impact of the pandemic continues to hit. 2020 saw 17,500 outlets disappear from high streets, shopping centres, and retail parks across the country. Non-essential retail will reopen on 12th April - but our towns and cities could look very different.
Business confidence has hit a 3-year high as the vaccine rollout continues. That’s according to the global business outlook survey by IHS Markit. Firms are hopeful that restrictions could soon be lifted, and are planning to start investing and hiring again, with hiring optimism at its highest level since 2015.
Big names in hospitality have threatened to sue the government for letting non-essential retail open 5 weeks ahead of pubs and restaurants. Indoor hospitality is set to resume on 17th May. Pizza Express investor Hugh Osmond and adviser Sacha Lord called the plans “irrational” in a letter to the prime minister. The government has defended its timelines, saying the lockdown easing must be cautious.
","url":"https://multiply.ghost.io/house-prices-still-rising/","uuid":"6601d1f3-8979-42b1-865c-b00a9bf1bac7","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"604f2f6798ee18003b7c6fac"}},{"node":{"id":"Ghost__Post__604b480fda64bd0039a10060","title":"Economy goes into reverse","slug":"economy-goes-into-reverse","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/402.png","excerpt":"Plus: Wales and Scotland relax rules, insurance claims stall, post on Sundays?","custom_excerpt":"Plus: Wales and Scotland relax rules, insurance claims stall, post on Sundays?","created_at_pretty":"12 March, 2021","published_at_pretty":"12 March, 2021","updated_at_pretty":"12 March, 2021","created_at":"2021-03-12T10:53:03.000+00:00","published_at":"2021-03-12T10:55:07.000+00:00","updated_at":"2021-03-12T11:34:45.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nGDP shrank in January\nThe economy went into reverse\n[https://www.reuters.com/article/uk-health-coronavirus-britain-economy-idUSKBN2B40OX] \nin January as the latest lockdown restrictions took effect and trade slumped\nafter Brexit. GDP took a 2.8% hit according to the Office for National\nStatistics, less than the 4.9% experts had feared. We’re likely to see a decline\nfor the first quarter of 2021 caused by the double whammy of coronavirus and\nBrexit disruption.\n\nWales & Scotland relax rules\nLockdown restrictions are gradually being eased in some places. In Scotland,\ngroups of 4 can now meet up outdoors [about:blank]. It’ll be the same in Wales\nfrom tomorrow, plus you’ll be able to get a haircut [about:blank] or play a\nround of golf.\n\nInsurance claims stall\nCar insurance claims fell by a fifth\n[https://www.thisismoney.co.uk/money/cars/article-9350339/Settled-car-insurance-claims-fell-19-2020-falling-number-vehicles-road.html] \nin 2020, according to the Association of British Insurers. It’s because there\nwere fewer cars on the road. With fewer accidents, premiums are also idling at a\n4-year low. \n\nPost on Sundays?\nRoyal Mail is trialling Sunday parcel deliveries [about:blank] in a bid to match\nrivals like DPD and Hermes. The online shopping boom caused by the pandemic has\nseen a surge in demand for delivery services - and Royal Mail has struggled to\nkeep up.","html":"The 1-minute read to get the money news you need.
The economy went into reverse in January as the latest lockdown restrictions took effect and trade slumped after Brexit. GDP took a 2.8% hit according to the Office for National Statistics, less than the 4.9% experts had feared. We’re likely to see a decline for the first quarter of 2021 caused by the double whammy of coronavirus and Brexit disruption.
Lockdown restrictions are gradually being eased in some places. In Scotland, groups of 4 can now meet up outdoors. It’ll be the same in Wales from tomorrow, plus you’ll be able to get a haircut or play a round of golf.
Car insurance claims fell by a fifth in 2020, according to the Association of British Insurers. It’s because there were fewer cars on the road. With fewer accidents, premiums are also idling at a 4-year low.
Royal Mail is trialling Sunday parcel deliveries in a bid to match rivals like DPD and Hermes. The online shopping boom caused by the pandemic has seen a surge in demand for delivery services - and Royal Mail has struggled to keep up.
","url":"https://multiply.ghost.io/economy-goes-into-reverse/","uuid":"1a407948-0206-4cc2-9e35-0e1dd73bcda7","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"604b480fda64bd0039a10060"}},{"node":{"id":"Ghost__Post__6049d83bb5105b0039a91b57","title":"John Lewis closing stores","slug":"john-lewis-closing-doors","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/Frame-100.png","excerpt":"Plus: 74% of firms hit by Brexit delays, “Made in UK” £3.5 export boost? Buffett worth $100bn","custom_excerpt":"Plus: 74% of firms hit by Brexit delays, “Made in UK” £3.5 export boost? Buffett worth $100bn","created_at_pretty":"11 March, 2021","published_at_pretty":"11 March, 2021","updated_at_pretty":"11 March, 2021","created_at":"2021-03-11T08:43:39.000+00:00","published_at":"2021-03-11T09:05:48.000+00:00","updated_at":"2021-03-11T09:11:38.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nShops closing doors\nJohn Lewis has said not all its stores will reopen their doors\n[https://news.sky.com/story/covid-19-john-lewis-warns-of-more-store-closures-as-pandemic-deals-hammer-blow-to-sales-12242423] \nnext month, as it revealed a pre-tax loss of £517 million for the year to 30th\nJanuary. It announced the closure of 8 stores last year, and now warns there are\nmore on the way. Lockdowns have hit the department stores’ sales hard, with\nnon-essential shops still closed.\n\nBrexit delays\n74% of British manufacturers are struggling to cope with delays\n[https://www.theguardian.com/politics/2021/mar/11/trade-survey-finds-74-of-british-firms-hit-by-delays-with-eu-markets?CMP=Share_iOSApp_Other] \non moving goods in and out of the EU. Disruption caused by Brexit and\ncoronavirus are causing long backlogs and imposing higher costs on companies. A\nthird of firms said they’re losing sales as a result.\n\nExport boost\nStamping “Made in UK” on products could boost exports by up to £3.5 billion\n[https://www.cityam.com/pride-of-britain-stamping-made-in-uk-on-cheese-lamb-booze-and-cars-could-boost-exports-by-3-5bn/]\n, according to research by Barclays. In a global survey, people said they’d be\nwilling to pay extra for goods bearing an official Union Jack kite mark.\nConsumers in India were the keenest for British exports - they said they’d pay\nan 11.8% mark-up on products made in the UK.\n\nBuffett worth $100bn\nWarren Buffett has seen his personal net worth hit $100 billion\n[https://www.bbc.co.uk/news/business-56355992] (£72 billion) for the first time,\nafter shares in his investment firm Berkshire Hathaway rose to a record high. It\nputs him in an exclusive club that also counts Elon Musk, Jeff Bezos, and Bill\nGates as members.","html":"The 1-minute read to get the money news you need.
John Lewis has said not all its stores will reopen their doors next month, as it revealed a pre-tax loss of £517 million for the year to 30th January. It announced the closure of 8 stores last year, and now warns there are more on the way. Lockdowns have hit the department stores’ sales hard, with non-essential shops still closed.
74% of British manufacturers are struggling to cope with delays on moving goods in and out of the EU. Disruption caused by Brexit and coronavirus are causing long backlogs and imposing higher costs on companies. A third of firms said they’re losing sales as a result.
Stamping “Made in UK” on products could boost exports by up to £3.5 billion, according to research by Barclays. In a global survey, people said they’d be willing to pay extra for goods bearing an official Union Jack kite mark. Consumers in India were the keenest for British exports - they said they’d pay an 11.8% mark-up on products made in the UK.
Warren Buffett has seen his personal net worth hit $100 billion (£72 billion) for the first time, after shares in his investment firm Berkshire Hathaway rose to a record high. It puts him in an exclusive club that also counts Elon Musk, Jeff Bezos, and Bill Gates as members.
","url":"https://multiply.ghost.io/john-lewis-closing-doors/","uuid":"4af3acec-e8ef-4959-abe0-1b2e643c0289","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"6049d83bb5105b0039a91b57"}},{"node":{"id":"Ghost__Post__604891f5b5105b0039a91b35","title":"Fraudsters dupe job hunters","slug":"fraudsters-dupe-job-hunters","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/400.png","excerpt":"Plus: pensions commit to net zero, domestic flights could get cheaper, renters return to central London.","custom_excerpt":"Plus: pensions commit to net zero, domestic flights could get cheaper, renters return to central London.","created_at_pretty":"10 March, 2021","published_at_pretty":"10 March, 2021","updated_at_pretty":"10 March, 2021","created_at":"2021-03-10T09:31:33.000+00:00","published_at":"2021-03-10T09:41:01.000+00:00","updated_at":"2021-03-10T09:41:01.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nJobless at risk\nCriminals are preying on young people\n[https://www.bbc.co.uk/news/business-56334862] whose finances have been hit hard\nby coronavirus, posting fake job ads targeting people struggling to find work.\n40% of money mules are aged 21-30, and the numbers are on the rise amid the\npandemic. Mules allow their bank accounts to be used for money laundering, and\ntake a cut of the dirty cash in return.\n\nPensions commit to net zero\nMajor pension funds worth £870 billion have said they’ll cut the carbon\nemissions\n[https://www.theguardian.com/business/2021/mar/10/major-uk-pension-funds-worth-nearly-900bn-commit-to-net-zero] \nof their investments. The pledge by Scottish Widows, Royal London, and Nest to\nreach net zero by 2050 is the latest in a string of high-profile commitments to\ngreen investing.\n\nCheaper flights?\nTaxes could be cut\n[https://www.reuters.com/article/uk-health-coronavirus-britain-aviation-idUSKBN2B200H] \non flights within the UK, according to new plans being considered by the\ngovernment. Air passenger duty is a tax on flying and is paid per person. The\ngovernment wants to make internal travel cheaper, and could slash the tax on\ndomestic flights.\n\nRenters return\nCentral London rentals have seen a surge in interest\n[https://www.cityam.com/renters-mull-move-back-to-central-london-to-experience-city-buzz-after-lockdown-lifts/] \naccording to Rightmove, suggesting Londoners are keen to get back to the big\nsmoke as lockdown lifts. The property site’s top 10 most searched neighbourhoods\nare all in central zones, with a 100% rise in some areas.\n\nRight to repair\nFrom the summer it’ll be cheaper and easier to fix your washing machine\n[https://www.bbc.co.uk/news/business-56340077], fridge, or TV. Manufacturers\nwill have to make spare parts available at fair prices and make their appliances\nmore energy efficient, to save people money and reduce the environmental impact.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Criminals are preying on young people whose finances have been hit hard by coronavirus, posting fake job ads targeting people struggling to find work. 40% of money mules are aged 21-30, and the numbers are on the rise amid the pandemic. Mules allow their bank accounts to be used for money laundering, and take a cut of the dirty cash in return.
Major pension funds worth £870 billion have said they’ll cut the carbon emissions of their investments. The pledge by Scottish Widows, Royal London, and Nest to reach net zero by 2050 is the latest in a string of high-profile commitments to green investing.
![](\"https://multiply.ghost.io/content/images/2021/03/image-6.png\")
Taxes could be cut on flights within the UK, according to new plans being considered by the government. Air passenger duty is a tax on flying and is paid per person. The government wants to make internal travel cheaper, and could slash the tax on domestic flights.
Central London rentals have seen a surge in interest according to Rightmove, suggesting Londoners are keen to get back to the big smoke as lockdown lifts. The property site’s top 10 most searched neighbourhoods are all in central zones, with a 100% rise in some areas.
From the summer it’ll be cheaper and easier to fix your washing machine, fridge, or TV. Manufacturers will have to make spare parts available at fair prices and make their appliances more energy efficient, to save people money and reduce the environmental impact.
","url":"https://multiply.ghost.io/fraudsters-dupe-job-hunters/","uuid":"f2dfb458-fda8-4b86-ab03-76764a00b687","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"604891f5b5105b0039a91b35"}},{"node":{"id":"Ghost__Post__60473843ef9e220039c01dcf","title":"Google allows fake reviews?","slug":"google-allows-fake-reviews","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/399.png","excerpt":"Plus: Brits cut back in February, post-lockdown boom might not happen, steel jobs at risk.","custom_excerpt":"Plus: Brits cut back in February, post-lockdown boom might not happen, steel jobs at risk.","created_at_pretty":"09 March, 2021","published_at_pretty":"09 March, 2021","updated_at_pretty":"09 March, 2021","created_at":"2021-03-09T08:56:35.000+00:00","published_at":"2021-03-09T08:59:30.000+00:00","updated_at":"2021-03-09T09:09:05.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nFake reviews\nGoogle isn’t doing enough [https://www.bbc.co.uk/news/technology-56321576] to\nstamp out fake reviews on its business listings, according to consumer group\nWhich?. The group set up a fake company as part of an investigation, and managed\nto buy sham five-star ratings. It follows Amazon and TrustPilot who’ve both got\ninto hot water over fake reviews, and are being threatened with legal action by\nthe Competition and Markets Authority.\n\nThrifty February\nBrits cut back on spending\n[https://www.reuters.com/article/uk-health-coronavirus-britain-economy-idUSKBN2B1001] \nin February as the third national lockdown continued to bite, according to\nBarclaycard. Spending was 13.8% lower than in February 2020, although spending\non groceries and other essentials rose slightly. Barclaycard also says consumer\nconfidence in the economy is up at 28%, the highest since the pandemic began.\n\nNo post-lockdown boom?\nIt’ll take a few years for households to spend the extra money\n[https://www.theguardian.com/business/2021/mar/09/post-covid-consumer-spending-boom-implausible-says-treasury-official] \nthey’ve saved up during lockdown, according to Charlie Bean of the Office for\nBudget Responsibility. He’s not sure we’ll see the massive economic boom that’s\nbeen forecast. Higher earners have saved £180 billion over the last year - but\nthey might not spend it all at once.\n\nSteel jobs at risk\nGreensill Capital, main lender to one of the UK biggest industrial groups, has \nfallen into administration [https://www.bbc.co.uk/news/business-56320416]. The\ncollapse risks 5,000 jobs at Liberty Steel, which is owned by Sanjeev Gupta. In\nits filings, the lender said Mr Gupta’s business operations are in “financial\ndifficulty” and defaulting on debt.","html":"The 1-minute read to get the money news you need.
Google isn’t doing enough to stamp out fake reviews on its business listings, according to consumer group Which?. The group set up a fake company as part of an investigation, and managed to buy sham five-star ratings. It follows Amazon and TrustPilot who’ve both got into hot water over fake reviews, and are being threatened with legal action by the Competition and Markets Authority.
Brits cut back on spending in February as the third national lockdown continued to bite, according to Barclaycard. Spending was 13.8% lower than in February 2020, although spending on groceries and other essentials rose slightly. Barclaycard also says consumer confidence in the economy is up at 28%, the highest since the pandemic began.
It’ll take a few years for households to spend the extra money they’ve saved up during lockdown, according to Charlie Bean of the Office for Budget Responsibility. He’s not sure we’ll see the massive economic boom that’s been forecast. Higher earners have saved £180 billion over the last year - but they might not spend it all at once.
Greensill Capital, main lender to one of the UK biggest industrial groups, has fallen into administration. The collapse risks 5,000 jobs at Liberty Steel, which is owned by Sanjeev Gupta. In its filings, the lender said Mr Gupta’s business operations are in “financial difficulty” and defaulting on debt.
","url":"https://multiply.ghost.io/google-allows-fake-reviews/","uuid":"e3455d05-4a9e-435c-9418-70f19d426d2e","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"60473843ef9e220039c01dcf"}},{"node":{"id":"Ghost__Post__6045f5455627d30039442039","title":"Women miss out on £100k","slug":"women-miss-out-100k","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/398.png","excerpt":"Plus: half a million mortgages queued, and new cladding guidance for flat owners.","custom_excerpt":"Plus: half a million mortgages queued, and new cladding guidance for flat owners.","created_at_pretty":"08 March, 2021","published_at_pretty":"08 March, 2021","updated_at_pretty":"08 March, 2021","created_at":"2021-03-08T09:58:29.000+00:00","published_at":"2021-03-08T10:05:44.000+00:00","updated_at":"2021-03-08T10:05:43.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news and adviser commentary you need.\n\nGender pensions gap\nWomen in their 20s will retire with £100,000 less\n[https://www.bbc.co.uk/news/business-56315730] in their pension pot on average\nthan their male peers, according to new research by pension firm Scottish\nWidows. It says women would have to work an extra 40 years if they wanted to\nmake up the lost retirement income.A lifetime of lower earnings, breaks to raise\nchildren, and bigger childcare responsibilities mean women save less into their\npensions than men do.\n\nHalf a million mortgages queued\nMortgage brokers have warned that buyers who make an offer now may risk not\ncompleting their purchase\n[https://inews.co.uk/inews-lifestyle/money/stamp-duty-holiday-mortgage-brokers-warn-new-offers-must-be-made-in-weeks-898680] \nbefore the end of June. From 1st July, the 0% stamp duty threshold will drop\nfrom £500,000 to £250,000. Why the wait? Almost half a million mortgages are\nalready in the queue to be processed, with many lenders dealing with big delays.\n\nNew cladding guidance\nSome homeowners will find it easier to sell or remortgage\n[https://www.bbc.co.uk/news/business-56315729], under new guidance about what\nsurveys are required. From January 2020, thousands of flats in low-rise\nbuildings started being asked for EWS1 external wall safety forms, which took\nages because they could only be done by a specialist. Now, the Royal Institute\nfor Chartered Surveyors (RICS) has released new advice that clarifies who needs\nthe extra survey - and who doesn’t.","html":"The 1-minute read to get the money news and adviser commentary you need.
Women in their 20s will retire with £100,000 less in their pension pot on average than their male peers, according to new research by pension firm Scottish Widows. It says women would have to work an extra 40 years if they wanted to make up the lost retirement income.A lifetime of lower earnings, breaks to raise children, and bigger childcare responsibilities mean women save less into their pensions than men do.
![](\"https://multiply.ghost.io/content/images/2021/03/image-4.png\")
Mortgage brokers have warned that buyers who make an offer now may risk not completing their purchase before the end of June. From 1st July, the 0% stamp duty threshold will drop from £500,000 to £250,000. Why the wait? Almost half a million mortgages are already in the queue to be processed, with many lenders dealing with big delays.
![](\"https://multiply.ghost.io/content/images/2021/03/image-5.png\")
Some homeowners will find it easier to sell or remortgage, under new guidance about what surveys are required. From January 2020, thousands of flats in low-rise buildings started being asked for EWS1 external wall safety forms, which took ages because they could only be done by a specialist. Now, the Royal Institute for Chartered Surveyors (RICS) has released new advice that clarifies who needs the extra survey - and who doesn’t.
","url":"https://multiply.ghost.io/women-miss-out-100k/","uuid":"c21be4f6-93c4-4317-b7b3-c8894c71167f","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"6045f5455627d30039442039"}},{"node":{"id":"Ghost__Post__6041f898ed4f120039bba73c","title":"London house prices fall","slug":"london-house-prices-fall","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/397.png","excerpt":"Plus: 200,000 women are owed £3 billion, and let’s all go to Cyprus.","custom_excerpt":"Plus: 200,000 women are owed £3 billion, and let’s all go to Cyprus.","created_at_pretty":"05 March, 2021","published_at_pretty":"05 March, 2021","updated_at_pretty":"05 March, 2021","created_at":"2021-03-05T09:23:36.000+00:00","published_at":"2021-03-05T09:30:21.000+00:00","updated_at":"2021-03-05T09:30:21.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need.\n\nDowntown prices drop\nLondon’s inner-city house prices fell 4.4% in February\n[https://www.cityam.com/prime-outer-london-house-prices-boom-as-demand-for-extra-space-continues-to-rise/]\n, according to property firm Knight Frank. With declining demand from\ninternational tourists and students, 20% fewer transactions went through than\nthis time last year. The suburbs tell a different story though; areas like\nDulwich and Wimbledon recorded a 4% price increase since April last year.\n\nUnpaid state pension\n200,000 women are owed money by the government\n[https://www.telegraph.co.uk/money/consumer-affairs/200000-women-owed-3bn-unpaid-state-pensions-scandal/]\n*, after their state pensions were underpaid for decades. Married, divorced,\nwidowed and elderly women, whose husbands reached state pension age before 2008,\nwere entitled to a 60% income boost. But many never got the money. The payouts\nwill total an estimated £3 billion, and will continue until 2026.\n\nLet’s all go to Cyprus\nBrits who’ve had the jab will be welcomed in Cyprus\n[https://news.sky.com/story/cyprus-to-allow-vaccinated-britons-into-the-country-without-restrictions-from-1-may-12236183] \nfrom 1st May, with no need for a negative test or any time in quarantine. You’ll\nneed to have had both doses of the vaccine at least 7 days before you travel, so\nmost people will have to wait. Plus, the UK government has said the earliest we\ncan travel abroad for a holiday is 17th May.","html":"The 1-minute read to get the money news you need.
London’s inner-city house prices fell 4.4% in February, according to property firm Knight Frank. With declining demand from international tourists and students, 20% fewer transactions went through than this time last year. The suburbs tell a different story though; areas like Dulwich and Wimbledon recorded a 4% price increase since April last year.
200,000 women are owed money by the government*, after their state pensions were underpaid for decades. Married, divorced, widowed and elderly women, whose husbands reached state pension age before 2008, were entitled to a 60% income boost. But many never got the money. The payouts will total an estimated £3 billion, and will continue until 2026.
Brits who’ve had the jab will be welcomed in Cyprus from 1st May, with no need for a negative test or any time in quarantine. You’ll need to have had both doses of the vaccine at least 7 days before you travel, so most people will have to wait. Plus, the UK government has said the earliest we can travel abroad for a holiday is 17th May.
","url":"https://multiply.ghost.io/london-house-prices-fall/","uuid":"bde1be32-67e0-47e0-8562-11ed4cc9f186","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"6041f898ed4f120039bba73c"}},{"node":{"id":"Ghost__Post__6040a1595d5b8900398ac190","title":"Big budget special","slug":"untitled-23","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/396.png","excerpt":"Plus: Amazon opens till-free store in Ealing.","custom_excerpt":"Plus: Amazon opens till-free store in Ealing.","created_at_pretty":"04 March, 2021","published_at_pretty":"04 March, 2021","updated_at_pretty":"04 March, 2021","created_at":"2021-03-04T08:59:05.000+00:00","published_at":"2021-03-04T09:16:17.000+00:00","updated_at":"2021-03-04T09:16:17.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nGeneration buy?\nIn his budget yesterday the chancellor announced key measures to help\nfirst-time\nbuyers\n[https://www.theguardian.com/uk-news/2021/mar/03/rishi-sunak-mortgage-stamp-duty-holiday-budget]\n. The stamp duty holiday has been extended by 3 months, keeping the threshold\nfor paying the property tax at £500,000 until the end of June and then reducing\nit to £250,000 until September. He also confirmed a guarantee for mortgage\nlenders to encourage them to offer 95% mortgages again, from April until the end\nof 2022.\n\nTaxing times\nPandemic spending is expensive stuff - and the chancellor’s plans are set to \nincrease taxes [https://www.bbc.co.uk/news/uk-politics-56274711] to their\nhighest levels since the 1960s. It’s not happening just yet though. From 2023,\nlarge companies will pay more corporation tax on their profits. Income tax\nthresholds will be frozen, meaning that an estimated 1.3 million people will\nstart paying the tax by 2026.\n\nPublic approves\n2 early opinion polls suggest the majority of people seem to approve of\nyesterday’s budget\n[https://news.sky.com/story/polls-suggest-public-approve-of-chancellors-budget-despite-looming-tax-rises-12235291]\n. In a poll by Opinium a few hours after the speech, 52% approved and 12%\ndisapproved. And in one by YouGov, 46% of people liked it and 11% didn’t.\n\nAmazon Fresh\nIn non-budget news, Amazon’s first till-free supermarket outside the US has \nopened today in London\n[https://www.reuters.com/article/uk-uk-amazon-com-store-idUSKCN2AW003]. Shoppers\nwill be able to pick up their groceries then skip the checkout queue and just\nwalk straight out. Amazon’s tech will work out what they’ve bought and charge\nthem automatically.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
In his budget yesterday the chancellor announced key measures to help first-time buyers. The stamp duty holiday has been extended by 3 months, keeping the threshold for paying the property tax at £500,000 until the end of June and then reducing it to £250,000 until September. He also confirmed a guarantee for mortgage lenders to encourage them to offer 95% mortgages again, from April until the end of 2022.
![](\"https://multiply.ghost.io/content/images/2021/03/image-3.png\")
Pandemic spending is expensive stuff - and the chancellor’s plans are set to increase taxes to their highest levels since the 1960s. It’s not happening just yet though. From 2023, large companies will pay more corporation tax on their profits. Income tax thresholds will be frozen, meaning that an estimated 1.3 million people will start paying the tax by 2026.
2 early opinion polls suggest the majority of people seem to approve of yesterday’s budget. In a poll by Opinium a few hours after the speech, 52% approved and 12% disapproved. And in one by YouGov, 46% of people liked it and 11% didn’t.
In non-budget news, Amazon’s first till-free supermarket outside the US has opened today in London. Shoppers will be able to pick up their groceries then skip the checkout queue and just walk straight out. Amazon’s tech will work out what they’ve bought and charge them automatically.
","url":"https://multiply.ghost.io/untitled-23/","uuid":"21f0a68a-22a6-47ea-959b-50ab863da762","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"6040a1595d5b8900398ac190"}},{"node":{"id":"Ghost__Post__603f4c08f838b600384e8cbb","title":"It's budget day","slug":"its-budget-day","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/395.png","excerpt":"Plus: vaccine passport plans in the making, and guarantor loans top complaints chart.","custom_excerpt":"Plus: vaccine passport plans in the making, and guarantor loans top complaints chart.","created_at_pretty":"03 March, 2021","published_at_pretty":"03 March, 2021","updated_at_pretty":"03 March, 2021","created_at":"2021-03-03T08:42:48.000+00:00","published_at":"2021-03-03T09:17:26.000+00:00","updated_at":"2021-03-03T09:28:51.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nFurlough extension\nRishi Sunak will deliver his budget speech\n[https://www.bbc.co.uk/news/business-56259094] at around 12.30pm today. He’s set\nto announce a 6-month extension to the furlough scheme, plus extra support for\nthe self-employed. He’ll outline a 3-point plan to help the country recover,\npromising to use “full fiscal firepower” to protect jobs and livelihoods. The\nother headlines to look out for: possible extensions to the stamp duty holiday\nand the £20 Universal Credit uplift.\n\nUK’s most-hated\nThere’s a new winner at the top of the complaints chart according to the\nFinancial Ombudsman Service (FOS). Guarantor loans have overtaken PPI\n[https://www.reuters.com/article/uk-britain-finance/guarantor-loans-surge-to-top-of-uk-financial-complaints-chart-idUSKCN2AV00B]\n, the previous favourite which dominated for over a decade. Many turned to the\nloans during the pandemic, requiring friends and family to step up and take on\nthe risk.\n\nVaccine passports\nDreaming of hot sunshine and beaches? A “digital green pass” could make it\nhappen; opening up European travel\n[https://inews.co.uk/news/uk/digital-vaccination-passport-pave-way-uk-tourists-europe-summer-holidays-895354] \nfor anyone who’s had the jab. Lots of countries - including the UK - are working\ntogether on this, and will present plans later this month.\n\nRecord-breaking binge\nWe spent £9.3 billion\n[https://www.cityam.com/pandemic-binge-watching-drives-uk-entertainment-spend-to-record-high/] \non entertainment such as films, music, and gaming in 2020 - a record high,\ndriven by lockdown binge-watching and streaming. It’s the sector’s eighth year\nof growth in a row, with an 18% boost in spending.\n\nFly me to the moon\nFancy a free trip to the moon? Billionaire Yusaku Maezawa is seeking 8 fellow\npassengers to join him on a SpaceX flight\n[https://www.bbc.co.uk/news/world-asia-56261574] around the moon in 2023. He’s\npaid for the whole thing, and says he wants people of all backgrounds to apply.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Rishi Sunak will deliver his budget speech at around 12.30pm today. He’s set to announce a 6-month extension to the furlough scheme, plus extra support for the self-employed. He’ll outline a 3-point plan to help the country recover, promising to use “full fiscal firepower” to protect jobs and livelihoods. The other headlines to look out for: possible extensions to the stamp duty holiday and the £20 Universal Credit uplift.
There’s a new winner at the top of the complaints chart according to the Financial Ombudsman Service (FOS). Guarantor loans have overtaken PPI, the previous favourite which dominated for over a decade. Many turned to the loans during the pandemic, requiring friends and family to step up and take on the risk.
![](\"https://multiply.ghost.io/content/images/2021/03/image-1.png\")
Dreaming of hot sunshine and beaches? A “digital green pass” could make it happen; opening up European travel for anyone who’s had the jab. Lots of countries - including the UK - are working together on this, and will present plans later this month.
We spent £9.3 billion on entertainment such as films, music, and gaming in 2020 - a record high, driven by lockdown binge-watching and streaming. It’s the sector’s eighth year of growth in a row, with an 18% boost in spending.
Fancy a free trip to the moon? Billionaire Yusaku Maezawa is seeking 8 fellow passengers to join him on a SpaceX flight around the moon in 2023. He’s paid for the whole thing, and says he wants people of all backgrounds to apply.
","url":"https://multiply.ghost.io/its-budget-day/","uuid":"5e817b02-71ba-466d-98cb-e435a24ea012","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"603f4c08f838b600384e8cbb"}},{"node":{"id":"Ghost__Post__603df91ef838b600384e8c57","title":"Revealed: hybrids guzzle fuel","slug":"hybrids-thirstier-than-advertised","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/minute-394.png","excerpt":"Plus: new homes selling well, tourism hotspots lose jobs, and it’s the budget tomorrow.","custom_excerpt":"Plus: new homes selling well, tourism hotspots lose jobs, and it’s the budget tomorrow.","created_at_pretty":"02 March, 2021","published_at_pretty":"02 March, 2021","updated_at_pretty":"02 March, 2021","created_at":"2021-03-02T08:36:46.000+00:00","published_at":"2021-03-02T08:42:15.000+00:00","updated_at":"2021-03-02T08:46:02.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nHigh fuel costs\nPlug-in hybrid cars burn a lot more fuel\n[https://www.theguardian.com/business/2021/mar/02/plug-in-hybrid-cars-burn-more-fuel-than-tests-record-says-which] \nthan they claim, according to new tests by Which?. On average, the 22 cars\ntested burned 61% more fuel in real life than they did in manufacturers’ tests.\nThe worst performer? The BMW X5, which claims to do 188.3 miles per gallon, but\nmanaged only 52.8 miles for Which?. The consumer group said the difference could\nadd up to £650 per year in fuel costs.\n\nNew homes selling well\nTaylor Wimpey’s had a good start to the year, reporting strong demand for its\nnew build homes\n[https://www.reuters.com/article/uk-taylor-wimpey-results/taylor-wimpey-reports-good-start-to-2021-after-pandemic-year-hit-idUSKBN2AU0JQ]\n. It’s the third largest homebuilder in the UK, after Barratt and Persimmon,\nboth of which have also said their properties are selling well. Developers had a\ntough 2020, with sales halted during the first lockdown, but they’re now on the\nrebound.\n\nTourism hotspots lose jobs\nAreas of the UK that rely heavily on tourism have been worst hit by the\ncoronavirus jobs crisis [https://www.bbc.co.uk/news/uk-56127385] according to\nanalysis by the BBC. In some places, 3 out of 5 people who started claiming\nUniversal Credit at the start of the pandemic were still doing so 6 months\nlater.\n\nIt’s the budget tomorrow\nChancellor Rishi Sunak will lay out his economic plans for the country at around\n12.30pm tomorrow. Budgets often come and go without much fuss, but this year\neveryone’s on tenterhooks. What do we know so far? Sunak has promised to support\nthe economy and protect jobs. He’s expected to talk about furlough, support for\nthe self-employed, the stamp duty holiday, and Universal Credit, as well as\ntargeted funding for struggling sectors.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
Plug-in hybrid cars burn a lot more fuel than they claim, according to new tests by Which?. On average, the 22 cars tested burned 61% more fuel in real life than they did in manufacturers’ tests. The worst performer? The BMW X5, which claims to do 188.3 miles per gallon, but managed only 52.8 miles for Which?. The consumer group said the difference could add up to £650 per year in fuel costs.
Taylor Wimpey’s had a good start to the year, reporting strong demand for its new build homes. It’s the third largest homebuilder in the UK, after Barratt and Persimmon, both of which have also said their properties are selling well. Developers had a tough 2020, with sales halted during the first lockdown, but they’re now on the rebound.
Areas of the UK that rely heavily on tourism have been worst hit by the coronavirus jobs crisis according to analysis by the BBC. In some places, 3 out of 5 people who started claiming Universal Credit at the start of the pandemic were still doing so 6 months later.
Chancellor Rishi Sunak will lay out his economic plans for the country at around 12.30pm tomorrow. Budgets often come and go without much fuss, but this year everyone’s on tenterhooks. What do we know so far? Sunak has promised to support the economy and protect jobs. He’s expected to talk about furlough, support for the self-employed, the stamp duty holiday, and Universal Credit, as well as targeted funding for struggling sectors.
","url":"https://multiply.ghost.io/hybrids-thirstier-than-advertised/","uuid":"ac90ba64-ff2f-4ca7-b31b-b49a27279de5","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"603df91ef838b600384e8c57"}},{"node":{"id":"Ghost__Post__603cb5ec8a321600396a9f7e","title":"95% mortgages coming back?","slug":"95-mortgages-coming-back","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/03/minute-393.png","excerpt":"Plus: extra £1.65bn for jabs rollout, online shopping sets new record, 66% gender pay gap for finance directors.","custom_excerpt":"Plus: extra £1.65bn for jabs rollout, online shopping sets new record, 66% gender pay gap for finance directors.","created_at_pretty":"01 March, 2021","published_at_pretty":"01 March, 2021","updated_at_pretty":"01 March, 2021","created_at":"2021-03-01T09:37:48.000+00:00","published_at":"2021-03-01T09:46:18.000+00:00","updated_at":"2021-03-01T09:46:18.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"The 1-minute read to get the money news you need with expert adviser commentary.\n\nMortgage guarantee\nA new scheme to help people buy a home with a 5% deposit\n[https://www.bbc.co.uk/news/uk-56218952] is set to be announced in Rishi Sunak’s\nbudget on Wednesday. Under this scheme, the government will incentivise lenders\nto offer more 95% mortgage deals. Low-deposit mortgages have all but disappeared\nin the past year - there were just 5 on the market at the start of February. The\ngovernment is hoping to bring them back.\n\n£1.65 billion for jabs\nRishi will also announce £1.65 billion of extra cash to boost the vaccine\nrollout\n[https://www.reuters.com/article/uk-health-coronavirus-britain-vaccine-su/uk-earmarks-a-further-2-3-billion-for-its-covid-vaccine-push-idUSKCN2AS0R4]\n. The government wants to make sure it hits its target of offering a first dose\nto every adult before the end of July. 1 in 3 have had the first jab so far -\nthe chancellor wants this to continue so that he can crack on with reopening the\neconomy as soon as possible.\n\nOnline shopping sets new record\nSupermarkets set a new record for online grocery sales in January, doing 16% of\nbusiness online\n[https://www.cityam.com/online-share-of-grocery-sales-hits-record-level-during-third-lockdown/]\n. Supermarkets have been the only winners from lockdown restrictions, with the\nstay-at-home order pushing people’s grocery bills up. Shoppers spent £1bn more\nat supermarkets in total, compared with January 2020.\n\nFinance pay gap\nFemale directors in top financial services firms are paid 66% less\n[https://www.theguardian.com/business/2021/mar/01/women-still-earning-two-thirds-less-than-men-top-finance-roles] \nthan their male counterparts. Women are more likely to occupy non-executive\ndirector roles, which are less hands-on than executive positions. The research\nby law firm Fox & Partners suggests firms have been slow to recruit women to top\nboardroom roles.","html":"The 1-minute read to get the money news you need with expert adviser commentary.
A new scheme to help people buy a home with a 5% deposit is set to be announced in Rishi Sunak’s budget on Wednesday. Under this scheme, the government will incentivise lenders to offer more 95% mortgage deals. Low-deposit mortgages have all but disappeared in the past year - there were just 5 on the market at the start of February. The government is hoping to bring them back.
![](\"https://multiply.ghost.io/content/images/2021/03/image.png\")
Rishi will also announce £1.65 billion of extra cash to boost the vaccine rollout. The government wants to make sure it hits its target of offering a first dose to every adult before the end of July. 1 in 3 have had the first jab so far - the chancellor wants this to continue so that he can crack on with reopening the economy as soon as possible.
Supermarkets set a new record for online grocery sales in January, doing 16% of business online. Supermarkets have been the only winners from lockdown restrictions, with the stay-at-home order pushing people’s grocery bills up. Shoppers spent £1bn more at supermarkets in total, compared with January 2020.
Female directors in top financial services firms are paid 66% less than their male counterparts. Women are more likely to occupy non-executive director roles, which are less hands-on than executive positions. The research by law firm Fox & Partners suggests firms have been slow to recruit women to top boardroom roles.
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