Patrick O'Donnell

5 days ago | msn.com | Patrick O'Donnell

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5 days ago | gbnews.com | Patrick O'Donnell

Analysts are warning that bank customers are at risk of losing more than £500 due to leaving their cash in low-interest savings accounts. More than half of UK savers are losing money by keeping their savings in current accounts that pay sub-par interest, according to new research. A survey of 2,000 people has found that 56 per cent of savers hold at least some of their money in zero-interest current accounts.

5 days ago | gbnews.com | Patrick O'Donnell

Analysts are sounding the alarm that the energy price cap could more than double as a consequence of the ongoing conflict between the US and Iran. The Islamic Republic has threatened to close the Strait of Hormuz, a vital trading route for oil imports, which could impact households energy bills in the UK. Earlier this year, energy regulator Ofgem announced a seven per cent reduction in the price cap for July to September 2025, bringing average household bills down by £129 annually to £1,720.

5 days ago | gbnews.com | Patrick O'Donnell

The Ftse 100 has plummeted this morning in reaction to the US attacking three Iranian nuclear sites and Iran's subsequent threats to close the Strait of Hormuz trading route. London's stock exchange opened 25 points lower once trading began, with Asian markets also falling dramatically as tensions between the US and Iran reach fever point. Japan’s Nikkei was 60 points, or 0.15 per cent after dropping around 200 points in early trading.

5 days ago | gbnews.com | Patrick O'Donnell

State pension payments should be paid "early" to certain claimants and a new benefit introduced to help older Britons at risk of poverty, according to a new retirement proposal. Standard Life's "An intergenerational contract: Policy recommendations for the future of the state pension" report is calling for the Government to consider radical overhaul to the retirement benefit to ensure it remains viable for generations to come.