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Paul Lewis

@paullewismoney.bsky.social

17K followers 13 following 1.2K posts

Financial journalist, broadcaster, and speaker. Seek the truth, find the truth, tell the truth. Unequivocally for free speech & press. Wilkie Collins expert too

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Paul Lewis @paullewismoney.bsky.social · 4h

State pension to rise by more - subject to confirmation. Annual earnings growth May-July - used in state pension triple lock - revised up from 4.7% to 4.8%. So basic and new April weekly pension rates, estimated at £184.75 and £241.05, now £184.90 and £241.30. Adds £100mn+ to state pension bill

Paul Lewis @paullewismoney.bsky.social · 1d

Matt so on form

Paul Lewis @paullewismoney.bsky.social · 1d

I can’t quote it all so please read it all “There is an Arabic expression, hameeha harameeha – meaning “its protector is its thief”, that comes to mind as those who have plied Israel with weaponry gather to figure out how to achieve peace in Gaza” bit.ly/4q7DXrt

Paul Lewis @paullewismoney.bsky.social · 1d

Andrew and Epstein - the new we’ll ‘play some more soon’ email sent to Epstein the day after the snap was published of Andrew with Virginia Giuffre who killed herself aged 41 in April this year bit.ly/4913Djj

Prince Andrew told Jeffrey Epstein ‘we are in this together’

Email sent a day after photograph with Virginia Giuffre was published appears to contradict the Duke of York’s claim that he cut ties with the financier in 2010

Paul Lewis @paullewismoney.bsky.social · 1d

More skulduggery from the motor industry will,be revealed as claims of widespread and systematic cheating on emissions goes to court bit.ly/4hdI3ue

Drivers in line for payouts if carmakers lose ‘dieselgate’ case

High Court to hear class action lawsuit for 1.6m claimants

Paul Lewis @paullewismoney.bsky.social · 1d

More skulduggery from the motor industry will,be revealed as claims of widespread and systematic cheating on emissions goes to court bit.ly/4hdI3ue

Drivers in line for payouts if carmakers lose ‘dieselgate’ case

High Court to hear class action lawsuit for 1.6m claimants

Paul Lewis @paullewismoney.bsky.social · 1d

Peace Middle East style bit.ly/4nGrj0W When two peoples claim the absolute right to the same piece of land, one has limitless military power and sharing seems impossible, then today’s ceasefire over the rubble of Gaza may seem very evanescent.

Paul Lewis @paullewismoney.bsky.social · 1d

Carmaker BMW wants Reeves to tone down @TheFCA’s Ultimate Compensating Machine bit.ly/3W2n5og after its Sheer Lending Pleasure division overcharged hundreds of thousands of customers by deceiving them about commission and interest when it lent them money to buy a car

BMW seeks meeting with Rachel Reeves over finance scandal bill

The carmaker, which faces a potential hit of over £200m from the mis-selling controversy, wants to discuss the implications of an industrywide redress programme

Paul Lewis @paullewismoney.bsky.social · 1d

VAT on school fees : pupil numbers from Scottish councils show fears of private schools unfounded bit.ly/4hgJiZC but the campaign against it goes on

Private school VAT raid ‘did not drive pupils to state sector’

Local councils reject claims by the Scottish Council of Independent Schools that Labour’s policy has added to burden on taxpayers

Paul Lewis @paullewismoney.bsky.social · 1d

No easy answers to the problems with the UK economy which are set out with his usual clarity here bit.ly/4hrIQI9 by @PJTheEconomist the depressing truth is a useful counterpoint to the easy answers politicians promise to get our votes

Reeves faces a historic challenge with record state spending

Yearly public spending is some £150 billion more than it was before the pandemic, driven by an ageing population, debt interest and greater defence needs

Paul Lewis @paullewismoney.bsky.social · 1d

Govt promotes charging using cable gullies across pavements but many councils resist them bit.ly/4q8Ze3V preferring to install lamppost charging but unit prices are much higher than domestic electricity and have 20% VAT added compared with 5% for home power

EV drivers could get grants for kerbside charging ‘gullies’

The government is offering councils the chance to subsidise installation as it seeks to increase the uptake of electric vehicles

Paul Lewis @paullewismoney.bsky.social · 1d

Fee fi fo fum something dodgy this way comes! bit.ly/3W28cCl

Crypto anger as speculators claim insider trading in Trump crash

Timing of investor’s short position raises questions over whether they had inside information

Paul Lewis @paullewismoney.bsky.social · 1d

Heartless Mandarins Recover Cash - widow of theft victim has to pay tax on the compensation paid. bit.ly/4nMBMYJ No flexibility in taxing pension paid more than two years after death, says HMRC

Widow of man conned out of pension savings to lose half the compensation to tax

Robert Dewar’s widow, Susan, is a leading campaigner over multimillion-pound Norton Motorcycles fraud

Paul Lewis @paullewismoney.bsky.social · 2d

Replace stamp duty on homes with a land value tax bit.ly/474UkfC says @DanNeidle an idea as sensible as it is unlikely.

Scrap stamp duty: there’s a new tax that could make us richer

The tax expert warns that Kemi Badenoch’s plan risks handing a windfall to today’s homeowners without helping tomorrow’s… but there is a better solution

Paul Lewis @paullewismoney.bsky.social · 2d

If your VW badge and cruise control sensor have been ripped out the firm may give you financial support to replace them bit.ly/46QrcKs which seems a clear admission that they are too easy to steal!

Volkswagen promises money to help replace stolen £1,500 sensors

Drivers are paying thousands for repairs only for thieves to strike again and again

Paul Lewis @paullewismoney.bsky.social · 2d

England’s rubbish infrastructure bit.ly/4n4eUTf please take your litter home, we’ve sealed up the rubbish bins as too expensive, says Canal Trust.

Bins have been sealed up on our canals. Guess what’s happened

Volunteers are stepping in after the Canal & River Trust said the cost of emptying and maintaining the bins was too high

Paul Lewis @paullewismoney.bsky.social · 2d

I don’t get this. Surely all Royal Mail has to do is send recipient a text saying they have a letter which they can pick up from the sender’s address? bit.ly/4nLsex1 Sorted. Or rather not sorted because it is too expensive.

Why Royal Mail could axe stamps and addresses on letters

Handwritten envelopes may become a thing of the past as the new boss moves to modernise the business

Paul Lewis @paullewismoney.bsky.social · 2d

The last thing people struggling with fuel bills need is a heat pump ‘that’s really expensive to run and makes your house colder’ says Dale Vince bit.ly/3KOez9W campaigning against £150 heat pump subsidies

Heat pump subsidies a ‘massive waste of money’, Labour donor warns

Ed Miliband’s proposals to give households with the green technology £150 off their energy bills are denounced by Dale Vince as ‘very middle class’

Paul Lewis @paullewismoney.bsky.social · 2d

Man wins ‘right to offend’ appeal after burning Quran outside Turkish embassy bit.ly/42AtR8v judges support free speech more than government! Torah outside Israeli embassy? Bible outside Westminster Cathedral?

Man fined for burning Qur’an in London wins appeal against conviction

Judge says Hamit Coskun has ‘right to offend’ and overturns conviction for religiously aggravated public order offence

Paul Lewis @paullewismoney.bsky.social · 3d

Having banned seven word posters, the PM now sets his sights on banning a six word chant bit.ly/46ZTuRo which as I (and @MichaelRosenYes) have explained before reflects a belief of some Israelis - expressed the other way round - as well as some Palestinians

Government could crack down on chants at pro-Palestine protests, warns Starmer

Students took part in protests at universities in London, Sheffield, Edinburgh and elsewhere on Tuesday.

Paul Lewis @paullewismoney.bsky.social · 3d

Bank of England Andrew Bailey also warns about the the possibility of a 'sudden correction' in global markets ie a crash because AI tech firms are soaring ahead and the dollar may weaken further bit.ly/46M7KhV

Bank of England warns of growing risk that AI bubble could burst

Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee

Paul Lewis @paullewismoney.bsky.social · 4d

The price of deliberately deceiving customers grows for two major lenders bit.ly/472BUwf the biggest offender Lloyds Bank made £6bn profit before tax in 2024 and £7.5bn in 2023, and that was after some provision for this redress. So the £2bn now feared is a payable price

Lloyds and Close Brothers warn of extra costs for motor finance scandal

Lenders says current provisions not enough to cover compensation for millions of customers

Paul Lewis @paullewismoney.bsky.social · 5d

Peace first, but then follow the enormous problems to be solved after a war that treated civilians of all ages with cruel indifference bit.ly/4pXGoNj

Almost 55,000 preschool children in Gaza acutely malnourished, Lancet study estimates

Study shows clear link between Israeli aid restrictions and malnutrition among children aged between six months and five years

Paul Lewis @paullewismoney.bsky.social · 5d

Car finance firms resist @TheFCA plans for £11bn customer redress scheme bit.ly/3IYjS63 perhaps they think deceiving customers about commission and interest rates is OK?

Car finance firm up in arms over £11bn payout scheme

Head of the Financial Conduct Authority wants the loans scandal ‘dealt with quickly’ — but FirstRand has warned its redress plan goes way beyond expectations

Paul Lewis @paullewismoney.bsky.social · 5d

Rachel Reeves doing a ‘terrific job’ says top US banker launching further investment in UK but warns of ‘serious market correction’ (aka a crash) after share prices in US soar on AI promise bit.ly/43aHVWe

JP Morgan boss Jamie Dimon sounds warning on US stock market fall

Dimon said he was