Business

The tax office has issued a new alert about Child Trust Fund savings accounts, which are worth an average of £2,200. HM Revenue and Customs (HMRC) urged people born between September 1, 2002, and January 2, 2011, to check if they have one, and if they can cash it in.Child Trust Funds are long-term, tax-free savings accounts set up for children born between those dates, with an initial £250 contributed by the Government. People who hold an account can withdraw the money once they turn 18. However, many may have forgotten the accounts exist, as thousands are yet to claim their money. In a new post on X, HMRC said: “If you were born between September 1, 2001 and January 2, 2011, you are likely to have a #ChildTrustFund worth an average of £2,200.”To locate their accounts, people can use th...

HM Revenue and Customs (HMRC) is urging individuals who earn under £80,000 annually to see if they're eligible for extra cash payments. HMRC has made it known that some people might be overlooking Child Benefit that they are entitled to.An alert from HMRC on X, formerly Twitter, reads: "If you earn under 80k and haven't claimed Child Benefit yet, it could be financially worth your while. You or your partner can now earn up to £60k before you start paying the High Income Child Benefit Charge."Parents and guardians are encouraged to apply online or through the HMRC app for Child Benefit, financial support aimed at helping with the cost of raising children.Administered by HMRC, this benefit grants a specific amount per child below the age of 16, or under 20 if they are still in full-time e...

Contrôle qualité dans un atelier de joaillerie à Surat (Inde), le 3 avril 2025. ANUSHREE FADNAVIS / REUTERS Douze millions d’euros pour le diamant rose de Marie-Antoinette. C’est le prix record atteint aux enchères chez Christie’s, le 17 juin, par cette gemme de 10 carats aux reflets violets. Un énième record battu par une pierre extraordinaire, qui masque l’écroulement de la valeur des joyaux plus classiques. Depuis 2022, le carat de diamant blanc a reculé de 20 %, calcule l’Américain Paul Zimnisky, analyste référent du secteur. Avec des évolutions contrastées selon la couleur de la pierre, sa taille, sa forme, sa pureté, mais surtout sa provenance : les profondeurs de la Terre ou un laboratoire. En quatre ans, le prix d’un carat de diama...

Disney Live Entertainment's Susana Tubert spoke with FOX Business on June 5, 2025, about reaction to new Disneyland 70th anniversary offerings and storytelling that goes into the projects. Six Flags signaled it may soon permanently close one of its West Coast amusement parks, just months after the company announced its Maryland park will be shuttering its gates this fall. Six Flags California’s Great America — a 112-acre theme park that opened nearly 50 years ago in Santa Clara, California – is expected to close in October 2027, after the Halloween season and prior to the end of its current lease, People magazine reported."Unless we decide to extend, and exercise one of our options to extend that lease, that park’s last year without that extension would be after the ‘27 season," Si...

OpenAI CEO Sam Altman and other witnesses respond to Sen. Cruz's questions on China. OpenAI chief Sam Altman put his patriotism on display Friday in a July 4th message while questioning the Democratic Party, who he said has moved away from its traditional principles, leaving him "politically homeless." In a lengthy post on X, Altman said he was proud to be an American, as millions began celebrating the holiday weekend. "I’m not big on identities, but I am extremely proud to be American," he wrote. "This is true every day, but especially today—I firmly believe this is the greatest country ever on Earth. The American miracle stands alone in world history." DEMS AT A CROSSROADS AS ESTABLISHMENT PLANS 'PROJECT 2029' WHILE SOCIALIST CANDIDATE WINS NYC MAYORAL PRIMARY Sam Altman, ch...

HMRC is offering a tax-free Personal Allowance of up to £20,070 for households who submit a self-assessment tax return in one specific circumstance.Personal Allowance income tax thresholds have been frozen until at least 2028, after having been kept at the same level for several years already.And that means more and more people are going to be dragged into paying more tax as inflation pushes wages up and causes more people to move into higher income tax bands in what is known as ‘fiscal drag’.That is one of the reasons many people are looking for ways to legally boost their tax allowances to try to make their money go further.The standard income tax Personal Allowance is £12,570. That’s the maximum amount you can earn before you have to start paying tax on your income, which starts at 2...

Disneyland is hosting the 1st Marine Division Band to perform in the July 4 Flag Retreat Ceremony. (Credit: The Walt Disney Company) Disney is commemorating 70 years of honoring America’s men and women in uniform with a video highlighting its traditional flag retreat ceremony, which began on Disneyland’s opening day. Every day since July 17, 1955, Disneyland has held a flag retreat ceremony. The Magic Kingdom, one of Disney’s Florida theme parks, joined the tradition on its opening day in 1971.  "For 70 years, every single day Disneyland has honored veterans with an American tradition," the video’s narrator says before it cuts to a compilation of events celebrating those who serve the U.S. Members of the U.S. Army’s 3rd Infantry Division Band marched down Main Street U.S.A. in ...

The Department of Work and Pensions (DWP) has posted a new social media warning that millions of people receiving benefits should be on the lookout for text messages from criminals trying to steal their “personal or financial details.” Across the UK, around 24 million people currently receive at least one benefit from the DWP, such as the State Pension, Universal Credit, Personal Independence Payment (PIP), or Jobseeker's Allowance (JSA).However, the DWP has taken to X and Facebook to urge: "Be aware of scam text messages claiming to be from @dwpgovuk."Always be careful about links and never share personal or financial details, only engage with trusted official sources."The department then urged anyone who received a suspicious text message to report it on GOV.UK by simply searching "av...

Check out what's clicking on FoxBusiness.com. A recall is underway in the U.S. for tens of thousands of electric-corded chainsaws and pole saws that could present a "laceration hazard" to users. The recall, issued Thursday by Positec Tool Corporation, was prompted by the risk that the main switch on roughly 49,000 Hyper Tough 9 Amp Electric Corded 14-inch Chainsaws, Worx 8 amp 14-inch Electric Chainsaws, Worx 8 Amp Electric Pole Saws and Portland 9 Amp 14-inch Chainsaws could fail. Positec announced the recall on June 3. (Consumer Product Safety Commission) "The main switch on the recalled chainsaws and pole saws can fail, allowing the saws to continue to run even after the switch is released, posing a laceration hazard," a recall notice published by the Consumer Product Safety...

Santander is set to close nine branches next week as more customers make fewer in-person visits. The shuttered branches form part of the banking giant’s larger list of at least 95 locations to close in 2025.A statement on Santander’s website reads: “We last did a major review of our branches in 2021. Since then, many of our customers are choosing to use Mobile, Online and Telephone Banking more, and branches less.” As a result, the bank said changes will be made to some branches, including reduced opening hours, converting some to ‘counter-free’ and closing others. A total of 38 branches will close in the month of July, with more to come in August.Here is the full list of Santander branch locations to close next week:Caernarfon – 1 Bridge Street, Caernarfon, Gwynedd, LL55 1AB – July 7, ...