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Sea shanties and viral dance trends have helped make TikTok a hit since the start of the pandemic. In 2020, the social media app, which allows users to create and share one or more 60-second films soundtracked with music clips, surpassed 2bn global downloads. In the financial world, TikTok has a reputation for promoting volatile …

A PhD student has been told by Department for Work and Pensions (DWP) the she owes more than £17,000 in overpaid benefits because of mistakes it made when assessing her claim for universal credit. Vikki Reid, who is in her mid-3os and widowed with an eight-year-old child, applied for the benefit when she started her …

HMRC is facing calls to refund thousands of people it chased for extra tax payments as a result of its controversial high income child benefit charge. A tribunal ruled last week that the revenue could not pursue a man for £4,000 back taxes it claimed he owed because of his wife’s child benefit payments. It …

UK mortgage borrowers now have the choice of two loans with interest rates fixed at 0.94% for two years as the price war between lenders heats up. HSBC and TSB are offering the ultra-low rate, which undercuts the previous best buy of 0.95%, and adds to a rising number of sub-1% deals for borrowers with …

If you feel like you’re never going to own a home, you may be right. A May 2020 report from the Australian Housing and Urban Research Institute forecasts that “almost half” of today’s young people will not own property by age 54. In the year since that report was published, Australian house prices have surged …