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New report unveils the ‘Financial Family’

New report unveils the ‘Financial Family’
In a new report looking forward to 2029, the Future Foundation for NS&I (National Savings and Investments) have predicted that finances will shape the family and be crucial to holding them together. The report, Families, Finance and the Future, paints a picture of the “Financial Family”: “a collaborative unit of close friends and family marked by financial interdependence.” Such a unit will see flows of ...
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HMRC closes in on offshore accounts

HMRC closes in on offshore accounts
Over 300 banks have been ordered to give details to HM Revenue & Customs (HMRC) about their customers who hold offshore bank accounts. HMRC can now issue the information notices to banks ahead of the New Disclosure Opportunity (NDO). The NDO will allow people with unpaid taxes linked to offshore accounts or assets to settle ...
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Diamond seizure: pig gobbles up precious stone

Diamond seizure: pig gobbles up precious stone
A pig has found itself out in the cold this week after troughing down the diamond centrepiece from a £1,500 wedding ring. Mrs Moon, from Sowerby, North Yorkshire, put her hand into the pig’s pen at Easingwold Maize Maze, North Yorkshire to pet the 10 week-old Kune Kune piglet when it clamped its pork ...
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Germans offer sex with a discount

Germans offer sex with a discount
Unless you’re among the super rich, the chances are you have had to cut back on some of life’s little luxuries since the beginning of the recession. Leisure industries throughout the world have had to think creatively to win business, and in Germany, the industry leading the way in recession-proofing is the humble brothel. With ...
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UK debt rises to £799 billion or £13,000 per person

UK debt rises to £799 billion or £13,000 per person
If you were hoping that Britain’s financial situation was getting better, you’re about to be sorely disappointed. Official figures have shown that UK debt has now reached a record £798.8 billion – equivalent to 56.6% of gross domestic product (GDP). GDP is a basic measure of an economy's performance, taken as the total final market value ...
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Sunshine insurance sends holidaymakers searching for rain

Sunshine insurance sends holidaymakers searching for rain
This year Holidaymakers are flooding into the rainiest parts of France to take advantage of a bizarre type of insurance offered by holiday groups Pierre et Vacances and FranceLoc. Holidaymakers who take out the insurance can claim up to 400 Euro ($556) if they find that four or more days of any one week of ...
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Wedding debts outlive marriage by 5 years

Wedding debts outlive marriage by 5 years
Loved-up couples are waltzing up the aisle with a £20,000 ball and chain of debt strapped to their ankles, only to be marching straight to the divorce courts a meagre 11.5 years after they say I Do – leaving them paying off their nuptials long after the ink is dry on the decree absolute. Research ...
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Pregnancy heralds joy, excitement and a hefty pay cut

Pregnancy heralds joy, excitement and a hefty pay cut
Becoming a mother could have a devastating impact on your earnings, according to a report released today by the Fawcett Society. The report, entitled ‘Not having it all: How motherhood reduces women’s pay and employment prospects’ draws together the most recent academic research from several sources to highlight the discrimination faced by mothers. The pay gap between ...
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£80,000 taxi fare to send schoolboy round the houses.

£80,000 taxi fare to send schoolboy round the houses.
A British county council has landed local taxpayers with an £80,000 bill for the cost of a 10 year olds taxi fare to school.10 year old Daniel Foulds-Holt of Edburton has been assigned his second choice grammar school – one for which there is no bus service from his house. As a result, Daniel will ...
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eBay frenzy as undated 20p sells for £8k

eBay frenzy as undated 20p sells for £8k
It’s time to start emptying pockets, raiding piggybanks and rummaging down the back of the sofa – because you could be sitting (literally) on a 20p worth thousands. On Monday, TotallyMoney.com reported on an exceptionally unusual mistake that had occurred at the Royal Mint, allowing thousands of 20 pence pieces to enter circulation without a date ...
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