Weekend Money
- How to split housework fairly with your partner
- Ofgem urged not to lift ban on acquisition-only energy tariffs
- Your comments: Paying off a mortgage into retirement and new cars turning faulty
Essential reads
- A week when probable future of mortgage rates became clearer
- Women in Business: How accident in cafe and £400 turned into a genius business idea that's about to go global
- Money Problem:'I bought a new car but it's been back six times with same fault - what can I do?'
- How to stop your car from being stolen - or even 'cannibalised'
- Best of the Money blog - an archive
Ask a question or make a comment
Winter energy bills projected to rise for millions of households
Winter energy bills are projected to rise significantly due to an uptick in the wholesale market, according to a closely watched forecast.
Market specialist Cornwall Insight released an updated winter forecast ahead of the latest price cap change kicking in on Monday.
Britons who pay by direct debit will see their typical annual bill for gas and electricity go down 7%, or £122, to £1,568 this week until 1 October.
However, a 10% rise is then expected, taking the annual bill for a typical household back up to £1,763, Cornwall predicts.
This is actually slightly lower than its previous forecast - but still represents bad news for Britons who may have thought energy bills were on a linear path down following two years of sky-high prices.
"The drop in forecasts for October are positive, but we need to keep this in perspective," the Cornwall report says.
"We are still facing an average 10% increase in bills from October, and as winter approaches this will put a strain on many household finances."
We'll have experts from Cornwall Insights and consumer group Which? answering your energy-related questions here in the Money blog on Monday afternoon - so whether it's about why bills could rise again or if now is a good time to switch, submit your query above.
How to split housework fairly - and the things you shouldn't say
By Jess Sharp, Money team
Splitting up household jobs, whether that be cleaning, washing or life admin, is an issue that affects a lot of couples.
Starling Bank found women do a total of 36 hours of household tasks and admin per week - equivalent to a full-time job.
This is nine hours more than men - and yet men believe they do the majority in their household. The average man estimates they do 52% of work overall.
It's the discrepancy between perception and reality (and, of course, this can work both ways) that leads to arguments.
Couples who don't divide the housework equally have roughly five arguments about housework each month - rising to eight for couples who rely on just one person for the work.
We spoke to relationship expert Hayley Quinn about the best ways to split household work - and how to deal with arguments should they arise with your partner.
She explained that it's necessary to be "transparent" when deciding how to split the workload - but also to be flexible in order to find a solution that suits all involved.
While a 50/50 split might be your idea of perfection, Hayley said it was "almost inevitable that one partner may take on slightly more of the load" at different periods of time.
"Striving for perfect 50/50 fairness at all times is a really nice ideal, but it just may not be that practical for modern life," she said.
She said some jobs may be more visible than others, like cleaning, sorting out the washing, and taking the bins out.
Other jobs can take up just as much time and resource, but will fly under the radar. She gave the examples or sorting out travel insurance or changing over internet provider.
How should you approach a conversation with your partner about splitting the work?
To start off, Hayley said you should enter the conversation with a positive mindset - think how you are both contributing to the relationship in different ways.
"When you're having these conversations, it's not that many people are sitting around feeling like they're not contributing," Hayley said.
"In fact, I think if there's a discrepancy in how people contribute, it's just due to a lack of awareness as to what the other partner does, and some chores are just more obviously visible than others."
Try to avoid starting the chat with the perspective that you are working a lot harder than your partner and they're not pulling their weight.
"That way, you start from a place of we're all on the same team," she said.
"When you're doing that as well, it's really important not to make statements which assume what the other partner is thinking, feeling, or contributing.
"So, for instance, saying something like 'I'm always the one that's picking the kids up from school and you never do anything', becomes easily very accusational, and this is when arguments start.
"Instead, most partners will be much more receptive if you simply ask for more help and assistance."
When asking for help, Hayley said it's important to ask in a way that's verbal and clear - don't assume your partner is going to intuitively know what share of household chores to take on if you just complain.
"In a nice way, explicitly ask for what you want. It could be something like saying, 'Look, I know that we're both working a long week, but I feel like there's so much to do. It would be really helpful if... I'd really appreciate it if you take over lunch,'" she explained.
"Again, start from a place of appreciation. Acknowledge what your partner contributes already, and be explicitly clear as to what you would like them to do. Phrase it as a request for their help."
She also said some people can feel protective of how jobs are completed, and learning to relinquish that control can be helpful.
"If you want it to feel more equitable, you have to let your partner do things in their own way," she said.
What happens if that doesn't work?
If you find the conversations aren't helping, you can always try organising a rota, Hayley said.
She recommended using Starling Bank's Share the Load tool to work out your chore split.
However, she said if you feel there are constant conversations and nothing is changing then the issue is becoming more about communication than sharing the workload.
"It's actually about someone not hearing what you're trying to communicate to them, so it's more of a relationship-wide issue," she said.
She advised sitting down and trying to have another transparent verbal conversation, making it clear that you have spoken about this before and how it's making you feel in a factual way, without placing blame.
Using phrases like "I've noticed" or "I've observed" can help, she said.
If after all that, the situation still isn't getting better, she said it's time to consider confiding in friends or family for support, or seeing a relationship counsellor.
Price of popular food at Wimbledon has stayed same for 14 years - and it's fairly affordable
The oldest and most prestigious tennis event in the world returns on Monday, with the best of the best players to battle over two weeks to be named champion.
Crowds in their thousands will flock to Wimbledon to enjoy a spot of sport - as well as the range of food and drink on offer.
It's not the cheapest day out, with a cool cup of Pimms setting you back just under £10 and a bottle of water coming in at nearly £3.
But did you know that despite souring inflation in recent years sending food prices through the roof, one fan favourite - the quintessentially British strawberries and cream combo - has stayed at the same price since 2010?
A pot of the sweet snack costs just £2.50, making it one of the more affordable offerings at the All England Club. It has been served up there since the very first Wimbledon tournament in 1877.
Perdita Sedov, Wimbledon's head of food and beverage, previously told The Telegraph the price freeze "goes back to a long-standing tradition" of strawberries and cream being associated with the championship.
"It's about being accessible to all," she said.
According to the Wimbledon website, each year more than 38.4 tonnes of strawberries are picked and consumed during the tournament.
Ofgem urged not to lift ban on acquisition-only energy tariffs
Ofgem is being urged not to lift a banon acquisition-only energy tariffs (deals that are available only to new customers, not existing ones).
A coalition of consumer organisations and energy companies led by Which? has penned a letter to thegovernment regulator for electricity and gas warning it of the risk of a "return to a market which discriminates against loyal customers".
They have also raised the potential impact on customers in debt, who may not be able to switch but could also find themselves struggling to access a better deal with their current supplier under the plans.
The letter also notes the "very recent history" when more than 30 suppliers went bust - many after trying to win customers with unsustainably cheap tariffs.
Ofgem has said it could remove the ban on acquisition-only tariffs from 1 October but consumer choice website Which?has research that shows the public are opposed to cheap deals that exclude existing customers, with 81% feeling it would be unfair if their supplier was offering cheaper deals to new customers only.
The consumer champion has signed the letter to Ofgem alongside E.ON, Octopus, So Energy, Rebel Energy, End Fuel Poverty Coalition, Citizens Advice and Fair by Design.
Paying off a mortgage into retirement and new cars turning faulty - what you've been saying this week
Two topics dominated our inbox this week.
Many readers got in touch about our Weekend Money feature on older Britons who face having to work past pension age to pay off long-term mortgages.
Lots of you share the fears of those we spoke to in the feature...
I am in my 70s with still about five years to go on my mortgage. It stands at 30k on a 300k house. The mortgage repayments are £800 a month, this doesn't sound much but on a static pension it is massive and I am literally on the point of not having sufficient money to pay it.
Red
I was supposed to retire in 2.5 years at 66 and 4 months, my mortgage finishes when I'm 70. I was paying off extra (double) on my previous rate to reduce an interest only mortgage, but the recent increases in mortgage rates have meant I'm paying off hardly any.
AVB
I'm 67 and still trying to pay off a mortgage that has another five years to run. I can't stop working and do over 10 hours a day, 5 days a week.
Keith
My problem is going to be paying off an interest-only mortgage. More than anything I wish I hadn't changed when I had my twins but we couldn't make ends meet at the time.
Sazavan
Six years ago I reached the age of 70 and my interest-only mortgage ended - to extend it was impossible with the conditions attached. This then threw me into the rental market, paying more than my mortgage. Now I am facing eviction from the rental due to it being sold.
Marianj
We also heard from a mortgage adviser, whose recommendations matched those of Gerard Boon, the managing director of online mortgage broker Boon Brokers, who we spoke to for the feature...
I am a mortgage adviser in Leicestershire and have found an increasing number of people asking to go as long as possible past normal retirement age. I always point out that it's great to have lower payments in the short term but you will need to work to 75. There's no choice.
Semaine
Onto the second topic that dominated your correspondence, and we were sorry to learn that lots of you face similar issues as reader Adam, who has had to take his faulty car back to the garage six times - and is still not convinced it is fixed.
Scott Dixon, from The Complaints Resolver, was on hand to help break down what Adam could do for our Money Problem feature - read his advice here:
Same thing happened to me, except that they didn't let me refund the vehicle and claimed it was my fault even though I told them about the issue during the six months' warranty multiple times... they barely replied.
K
I have bought a used car and there is an engine management light on. The garage where I bought it from has since changed name and moved premises (found out by accident). When I call to book in I am told to expect a call back or the mechanic will ring me but they never do.
Andy D
I have taken my car to Halfords four times in the last 14 months. Each time they guarantee me it's fixed and within a week it's back to normal. Can I get it repaired elsewhere and bill Halfords?
Simon
I have a JAG SVR that's been faulty since day one, the garage sent me home with it faulty and not working correctly. I have tried to reject it but the finance company are playing David versus Goliath... we can prove issues from day one, we have two vehicle reports to back it up.
Jezza
Have a Nissan Juke, which has a seat issue where it sinks on its own… Nissan saying it's not a manufacturing fault, but "user error". Where do I stand in getting it fixed? Technical team keeps fobbing it off as our fault.
Esmith97
If you're in a position like this, do check out Scott Dixon's advice in the feature above.
Welcome to Weekend Money
The Money blog is your place for consumer news, economic analysis and everything you need to know about the cost of living - bookmark news.sky.com/money.
It runs with live updates every weekday - while on Saturdays we scale back and offer you a selection of weekend reads.
Check them out this morning and we'll be back on Monday with rolling news and features.
The Money team is Bhvishya Patel, Jess Sharp, Katie Williams, Brad Young, Ollie Cooper and Mark Wyatt, with sub-editing by Isobel Souster. The blog is edited by Jimmy Rice.
'No console needed' as Xbox prepares to launch on Amazon Fire TV next month
Starting from next month, gamers will be able to play Xbox titles like Fallout 4, Starfield and Fortnite using Amazon Fire TV.
A new upgrade coming to the Fire TV 4K devices transforms your television into a console, thanks to Xbox Cloud Gaming.
You'll need to be a member of Xbox Game Pass Ultimate to take advantage, plus you'll need a compatible controller and a solid internet connection.
"One of the biggestbenefitsof cloud gaming is the ability to play premium games without needing a console," Amazon explained.
"The Fire TV Stick may be compact, but it can stream and run graphically intense Xbox games like Senua's Saga: Hellblade II.
"This portability also means you can easily move your cloud gaming setup from the living room TV to a different room or even take it on the road.
"As long as you have a solid internet connection and your compatible Fire TV Stick, and a compatible controller, you can take your Xbox Game Pass games and saved progress travels with you."
Once downloaded, the Xbox app is designed to offer a smooth and seamless experience. Here’s how it works:
- Install and launch the Xbox app from your Fire TV device;
- Sign in with your Microsoft account to play. If you’re an Xbox Game Pass Ultimate member, you’ll have instant access to hundreds of cloud-enabled games;
- Connect a Bluetooth-enabled wireless controller. Controllers like the Xbox Wireless Controller, Xbox Adaptive Controller, PlayStation DualSense, or DualShock 4 controller are all compatible.
A new Amazon Fire TV Stick 4K will set you back £59.99 on Amazon, while a new Xbox Wireless Controller costs £49.59.
Xbox Game Pass Ultimate currently costs £1 for the first 14 days for new members, then is billed at £12.99 per month.
House prices overvalued by £20,000 - but not for long, Zoopla says
House prices are overvalued by thousands of pounds, according to a major property company.
The typical property is £20,000 more than is affordable to the average household, says Zoopla.
But rising incomes and longer mortgage terms mean the "over-valuation" is expected to disappear by the end of the year.
Zoopla's report said: "House prices still look expensive on various measures of affordability.
"We expect house price inflation to remain muted, likely to rise more slowly than household incomes over the next one to two years."
The average house price is around £264,900 – but according to Zoopla's calculations, the affordable price is £245,200.
"A new government will add a dimension of political stability when the autumn market starts in September and even if the [Bank of England base] rate is not lower by then, a cut will be imminent," said Tom Bill, head of UK residential research at estate agent Knight Frank.
"Given that mortgage rates will steadily reduce as services inflation comes under control, we expect UK house prices to rise by 3% this year."
Zoopla's over-valuation estimate was reached by comparing the actual average house price in its index with an "affordable" price, which was calculated based on households' disposable incomes, average mortgage rates and average deposit sizes for home buyers.
How do I get tickets for Glastonbury 2025? Here's our bumper guide
It's one of the most iconic and popular music festivals in the world, and it's notoriously hard to get a ticket.
Glastonbury has rolled around once again and roughly 210,000 people have flocked to Somerset this year as Dua Lipa, Coldplay and SZA headline the UK's biggest festival this weekend.
Those in the crowd are in the lucky minority — an estimated 2.5 million people tried to get tickets for this year's event, meaning the odds really aren't in your favour if you fancy going.
Tickets routinely sell out within an hour of going on sale, and that demand is unlikely to decrease next year, given the festival will likely take a fallow year in 2026.
So, if you're feeling jealous this year, how do you get tickets for Glastonbury 2025, and how can you give yourself the best possible chance?
We've run through all the available details as well as some tips so you're best prepared when the time comes.
Registration details:Before potential festivalgoers get the chance to buy tickets, they must register on the official website.
One of the reasons this is done is to stop ticket touting, with all tickets non-transferable. Each ticket features the photograph of the registered ticket holder, with security checks carried out to ensure that only the person in the photograph is admitted to the festival.
Registration is free and only takes a few minutes. You will be asked to provide basic contact details and to upload a passport-standard photo.
Registration closes a few weeks before tickets are released.
Where to buy tickets:Tickets can be bought exclusively atglastonbury.seetickets.comonce they become available.
No other site or agency will be allocated tickets, so if you see anyone else claiming to have Glastonbury tickets available for purchase, it's most likely a scam.
When tickets go on sale: We don't know the details for next year yet - but Glastonbury ticket sales usually take place in October or November of the year before the festival.
This year's ticket sales began, following a delay, in November 2023. Coach tickets typically go on sale a few days before (traditionally on a Thursday), with general admission tickets following on the Sunday morning a few days later.
For those that miss out, there's also a resale that takes place in April for tickets that have been returned or for those with a balance that has not been paid.
This year's April resale took place on 18 April (for ticket and coach travel options) and 21 April (general admission tickets and accommodation options).
How much it costs:General admission tickets for this year's festival cost £355 each, plus a £5 booking fee. That's an increase on last year's price of £335 each, which was also an increase on the 2022 price of around £280.
So, we can probably assume that ticket prices will go up once again for next year's festival.
Remember, there are options to pay for your ticket in instalments, so you won't have to pay the full price in one go if you don't want to. All tickets are subject to a £75 deposit, with the remaining balance payable by the first week of April.
It's also worth noting that Glastonbury is a family festival, and that's reflected in the fact that children aged 12 and under when the festival takes place are admitted free of charge.
TIPS FOR THE BIG TICKET SALE DAY
The scramble for tickets when they go on general sale is nothing short of painstaking, with demand far outweighing supply.
Here are some tips to give you the best possible chance of bagging tickets:
Familiarise yourself with the website: You may see a reduced, bare-looking version of the booking page once you gain entry. The organisers say this is intentional to cope with high traffic and does not mean the site has crashed, so be sure not to refresh or leave the page.
Once you reach the first page of the booking site, you will need to enter the registration number and registered postcode for yourself and the other people you are attempting to book tickets for.
When you proceed, the details you have provided will be displayed on the next page.
Once you have double checked all of your information is correct, click 'confirm' to enter the payment page, where you will need to check/amend your billing address, confirm your payment information, accept the terms and conditions, and complete the checkout within the allocated time.
Timekeeping: You can get timed out if you don't act fast, so it's a good idea to have your details saved on a separate document so you can copy and paste them over quickly.
You might also have to approve your payment, which could mean answering security questions from your card issuer. Have a device on hand to ensure you're ready for this.
Internet connection: This should go without saying, but you won't stand a chance without a solid internet connection.
Avoid trying to rely on your mobile phone signal, and politely ask those you might share the internet with to delay any online activity that might slow your connection.
Don't give up: Until the page tells you that tickets have sold out, you still have a chance.
Shortly before that point, there will be a message saying 'all available tickets have now been allocated,' which users often think means their chances are up.
What it actually means is that orders are being processed for all the tickets that are available. But if somebody whose order is being processed doesn't take our previous advice and runs out of time, their loss could be your gain.
Multiple tabs and devices: Glastonbury advises against its customers trying to run multiple tabs and devices to boost their chances of getting a ticket.
Glastonbury's website says running multiple devices simultaneously is "a waste of valuable resources, and doesn't reflect the ethos of the festival".
"Please stick to one device and one tab," it adds, "so that you can focus on entering your details without confusing your browser and help us make the ticket sale as quick and stress free as possible for all."
Shoppers splashing out on 85-inch TVs to watch England at Euro 2024
Shoppers have been buying bigger TVs to enjoy this summer's European Championships, according to the electrical retailer Currys.
The chain said UK sales were up by more than 30% in the past month, with "supersize" screens — 85-inch and above — selling well in the run-up to the Euros.
"Having a third of the TV market and the Euros being a big event for many people, we're seeing that super-sizing trend keep on giving," said Currys chief executive Alex Baldock.
The most popular, and also cheapest, 85-inch TV on the Currys website costs £999.
The most expensive super-size TV is a 98-inch offering from Samsung that will set you back £9,499.
Currys reported adjusted pre-tax profits of £118m for the year to 27 April. That represented a 10% increase from the previous year's profits of £107m.
Like-for-like sales for Currys UK and Ireland declined by 2% to £4.97bn in the 12 months to 27 April, with consumer confidence knocked by high inflation levels and rising interest rates.
"We can see our progress in ever-more engagedcolleagues,more satisfiedcustomers and better financial performance," Mr Baldock added.