Accounts

HMRC is contacting 21-year-olds as part of a new awareness drive around lost child trust funds, with an average balance of £2,200Rather than demanding money, HMRC is giving it away for once with a new campaign to reunite thousands of young Britons with forgotten savings accounts typically containing £2,200.HM Revenue and Customs is contacting 21-year-olds as part of a new awareness drive around lost child trust funds (CTF) – the tax-free savings accounts set up for children born between September 2002 and January 2011. Continue reading...

In hardline rhetoric, leader Angus Taylor also says ‘many’ prospective migrants would be a ‘net drain’ on the countryGet our breaking news email, free app or daily news podcastA Coalition government would end Australia’s non-discriminatory immigration program and introduce Trump-style social media vetting for visa applicants, as Angus Taylor accuses Labor of allowing migrants of “subversive intent” into the country.As the opposition loses support to Pauline Hanson’s One Nation, Taylor says too many people seek to use Australia’s generosity “for self-serving purposes”, promising to speed up rejections of asylum seekers from countries deemed safe to return to. Continue reading...

Customers make hundreds of thousands of dollars as records show substantial bets made before announcementA group of new accounts on the prediction market Polymarket made highly specific, well-timed bets on whether the US and Iran would reach a ceasefire on Tuesday, resulting in hundreds of thousands of dollars in profits for these new customers.These bets were made even though, in the hours before a two-week ceasefire was announced on Tuesday, Donald Trump’s rhetoric had escalated sharply and there were few signals that a ceasefire deal was imminent. Early in the day Trump had issued a warning on social media that “a whole civilization will die tonight” if Iran did not meet his demand to open the Ssrait of Hormuz by his 8pm ET deadline. Continue reading...