A newly discovered letter by Thomas Jefferson shows ‘a regular guy with financial burdens’

The note, valued at $40,000, is for sale in honor of Fourth of July, also the 198th anniversary of the president’s death

He came from one of America’s wealthiest landowning families, and was ranked the fourth richest US president in a recent study. But Thomas Jefferson, the nation’s third president, harbored a secret during his time in the White House: he was almost constantly in penury, and struggled to pay his food bills, servants and other household expenses.

The revelation comes in a previously unpublished letter that Jefferson, who was president from 1801 to 1809, wrote to a friend who acted as his financial agent in October 1802.

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Next UK government poised to benefit from fall in inflation and fuel prices

Pressure on household finances eases as shop price rises slow to 0.2% and petrol costs drop for second month

Britain’s next government is poised to benefit from easing pressure on household finances after a slowdown in inflation in stores and a fall in fuel prices, but costs remain “too expensive” for many families.

Figures from the British Retail Consortium (BRC) show that annual UK shop price inflation cooled last month to 0.2%, down from 0.6% in May – the slowest pace since October 2021 – as retailers cut the prices of many of their key products, including butter and coffee.

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Unpaid UK carers ‘face financial hit that can last decades’

Loss of income, curbs on benefits and soaring bills are piling pressure on people caring for family members

People who look after family members free of charge are taking a huge hit to their finances which could continue into their retirement as they find themselves unable to balance paid work with their caring commitments.

Recent analysis of official figures by the financial firm Just Retirement found seven in 10 people who were receiving carer’s allowance were not in paid work, and missing out on earnings and private pension contributions.

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Council tax: final-year students warned they could get surprise bills

Students are exempt during their course but as soon as they finish their final year they are liable to pay

Final-year university students have been urged to check that they do not owe council tax for the last few weeks of their rented accommodation.

While students are exempt from the tax during the course, they are liable to pay as soon as they finish their final year.

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Cost of toothpaste can double through the year in UK, study finds

Research discovers the cost of some healthcare products fluctuates wildly, according to time of year you buy them

Dentists agree that brushing twice a day is the best way to look after your teeth. But depending on what month it is, dental hygiene can be a dramatically more expensive habit to maintain.

New research has shown that the cost of a tube of toothpaste at some times of the year can be double its price at other times. The price of other popular health products such as Gillette razors can also double depending when they are bought.

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Tory welfare reform cost working-age families thousands while pensioners benefited – report

Retirees or those on disability benefit are biggest annual winners, while large families are £4,600 worse off, says Resolution Foundation

Pensioners and people on disability benefits are the winners from radical changes to the welfare system made by the Tories over the last decade, while working-age families are losing out by thousands of pounds every year, according to a report by the Resolution Foundation.

The Conservatives’ 14-year overhaul of social security has shifted spending away from children and housing to supporting elderly people, and broken the link between entitlement and need for some of the poorest households in the country, the report says.

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Vehicle damage claims in Wales fall 20% since speed limit cut to 20mph, says insurer

Campaigners say lower speeds reduce casualties but scheme has since been amended to give people more choice to rescind limits

Vehicle damage claims in Wales have fallen by 20% at one leading car insurer since the nationwide 20mph speed limit was introduced there last September.

Wales was one of the first countries in the world, and the first nation in the UK, to introduce legislation for a default 20mph speed limit in built-up areas last year.

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Starmer says Sunak ‘revealed character’ by lying about Labour’s tax plans – UK politics live

Labour leader says PM’s tactics in Tuesday night TV debate show he is dishonest when put under pressure

Ed Davey, the Lib Dem leader, has been fined for speeding after being caught doing 73mph in a 60mph zone on the M1, PA Media reports. PA says:

Details of the case, dealt with under an administrative system called the single justice procedure, were revealed by the Evening Standard newspaper.

Davey wrote a letter of explanation in which he said he had tried to pay a speeding ticket issued by Bedfordshire police after he was caught speeding on the M1 near Caddington.

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Asda now the most expensive UK supermarket to buy fuel, study shows

Chain once prided itself on selling the cheapest fuel but RAC analysis shows it is now the dearest

Asda is now the UK’s most expensive supermarket fuel seller, research shows, after the retailer’s private owners ditched its long-held pledge to be the cheapest on the market.

The retailer, which was bought by the billionaire Issa brothers and their private equity partner TDR Capital in 2021, charged an average 2.1p a litre more for unleaded petrol than rivals Tesco, Sainsbury’s and Morrisons at the end of May, according to an analysis by the RAC motoring organisation.

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Couple finds safe stuffed with $100,000 cash while magnet fishing in New York

James Kane and Barbie Agostini pull up safe in Queens park with bundles of $100 bills inside and are told by police they can keep it

A New York City couple who were “magnet fishing” in a lake caught more than they had bargained for when they pulled out a safe that had $100,000 cash inside.

James Kane and Barbie Agostini tossed a line with a strong magnet attached to the end into a lake in Flushing Meadows Corona Park in Queens on 31 May, Friday afternoon.

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Almost a third of household smart meters not working properly, says Citizens Advice

Charity says tech problems and poor customer service mean millions in Great Britain missing out on promised benefits

The number of gas and electricity smart meters that are not working properly is likely to be higher than government figures suggest – possibly 20% to 30% of the total – according to research from Citizens Advice.

The charity said millions of households were missing out on the promised benefits from smart meters due to “problems with technology” and poor supplier customer service.

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Average British house price hits record high of £375,000

Pent-up demand from would-be buyers pausing their plans last year has led to price rise despite mortgage rates remaining elevated

The average British house price reached a record high of £375,131 in May, according to Rightmove. The average prices of properties coming to market rose 0.8%, or £2,807, month on month.

Pent-up demand from would-be buyers who paused their plans last year is a key driver behind increased home mover activity despite mortgage rates remaining elevated for longer than anticipated, the property website’s report said.

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Viagogo ‘mistakenly’ listed resale of England football match tickets

Website blames human error for the advert, now removed, for about 100 seats when practice is illegal in UK

The ticket trading website Viagogo has apologised for “mistakenly” advertising tickets to an upcoming England football match, despite the fact that the resale of football tickets is illegal in the UK.

Cris Miller, the managing director of Viagogo,has previously said the company does not resell football tickets. But Viagogo was advertising about 100 seats at Wembley for England’s 7 June friendly against Iceland, a warm-up for this summer’s Euro 2024 tournament in Germany.

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More than 6,000 bank branches now gone in nine years of ‘disastrous’ closures

Thirty-three constituencies, including two in London, will not have a single bank branch by the end of the year, says Which?

The number of UK bank branches that have shut their doors for good over the last nine years will pass 6,000 on Friday, and by the end of the year the pace of closures may leave 33 parliamentary constituencies – including two in London – without a single branch.

The tally is being published by the consumer group Which? as it seeks to make the “avalanche” of closures and the “disastrous” impact they can have on local communities an election battleground.

Barnsley East (estimated population: 94,000)

Bolton West (98,000)

Bradford South (106,000)

Bury South (103,000)

Central Suffolk and North Ipswich (102,000)

Chatham and Aylesford (103,000)

Clwyd South (70,000)

Colne Valley (112,000)

Dagenham and Rainham (117,000)

Denton and Reddish (88,000)

Don Valley (99,000)

East Worthing and Shoreham (99,000)

Erith and Thamesmead (117,000)

Glasgow North East (88,000)

Liverpool, West Derby (94,000)

Mid Bedfordshire (121,000)

Mid Derbyshire (83,000)

Newport East (84,000)

North East Derbyshire (92,000)

Nottingham East (98,000)

Penistone and Stocksbridge (89,000)

Plymouth Moor View (94,000)

Reading West (112,000)

Rhondda (68,000)

Sedgefield (85,000)

Sheffield Hallam (85,000)

St Helens North (100,000)

Stone (86,000)

Swansea East (81,000)

Warrington North (95,000)

Wentworth and Dearne (100,000)

Wirral West (68,000)

York Outer (92,000)

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UK real pay grows at fastest rate in two years as unemployment rises

Figures provide mixed message for Bank of England when it considers interest rate cut next month

The level of real pay for UK workers is rising at its fastest rate in more than two years despite a cooling of the labour market that has led to rising unemployment and falling job vacancies, the latest official figures show.

Fresh data from the Office for National Statistics showed the mild recession in the second half of 2023 has had an impact on demand for workers but has been slower to affect wages.

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Lake District caravan owners forced out by 60%-plus price rise

A huge increase in fees means many vulnerable people have to leave the Derwentwater site they call home

Retired and vulnerable holiday homeowners claim they are being priced out of a “breathtaking” waterside campsite in the Lake District after the Camping and Caravanning Club raised one of the main charges by more than 60%.

The row at the static caravan park on the edge of Derwentwater, sometimes called “Queen of the Lakes” because it is cradled by fells, is over the “siting” fee owners pay when ageing vans are replaced.

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Dividends payments soar globally as worker pay stagnates

Shareholder payouts grew 14 times faster than wages over past three years, says Oxfam report

Shareholders have proved to be more successful at securing bumper payouts than workers have at winning higher pay, according to two studies that show dividends outstripping wages by a considerable margin in recent years.

Oxfam said analysis of global data showed that dividend payments to shareholders over the last three years grew an average of 14 times faster than worker pay across 31 major economies.

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Nationwide stops lending on some flood-risk properties

Banks may follow suit after UK weather-related claims on home insurance reach new high

Britain’s biggest building society has stopped granting mortgages on some properties where there is a high risk of flooding but said this affected only “a very limited number” of homes.

Nationwide’s head of property risk, Rob Stevens, said the lender used mapping technology to identify which homes were vulnerable to flooding, and it would decline to grant a mortgage to buy a property it deemed to be at high risk.

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Average cost of UK car insurance rises by one-third in a year, analysis finds

ABI reports annual jump of £157 in first quarter of 2024 but says 1% increase on previous quarter indicates rises are easing

The average price paid for comprehensive motor insurance in the UK was about a third (33%) or £157 higher in the first quarter of this year than a year earlier, according to figures from the Association of British Insurers (ABI).

Based on analysis of policies sold, the typical price paid in the first quarter of 2024 was £635, marking a 1% increase on the previous quarter, the ABI said.

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Real terms average pay lower in most UK local authorities than in 2008, TUC finds

Union body says austerity is to blame for longest squeeze on wages since Napoleonic era with most ‘wage black spots’ in London

Pay packets are smaller than they were in 2008 in most local authority areas in the UK, according to analysis by the Trades Union Congress, which described the findings as a “damning indictment” of the Conservatives’ economic record.

The TUC, which includes 48 unions with more than five million members, said stagnating wages meant British workers were in the midst of the longest squeeze on wages since the Napoleonic era.

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