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General election 2019: Labour pledges billions for home energy upgrades

General election 2019: Labour pledges billions for home energy upgrades

Science
Labour is pledging to cut UK carbon emissions by 10% through the largest home improvement programme for decades.A Labour government would fund £60bn of energy-saving upgrades to low-income households over the next decade while wealthier households would receive interest-free loans for enhancements.The party said loft insulation, enhanced double glazing and new heating systems would help cut energy use.The Conservatives said the plan would "wreck the economy" and "put up bills".A spokesperson for the Tories said while tackling climate change was vital, "independent experts and even Labour's own unions say their promises don't stack up".Labour says its policy, called "Warm Homes for All", would create 450,000 jobs involved in the installation of energy-savi
The Property Brothers: Don’t make these home renovation mistakes

The Property Brothers: Don’t make these home renovation mistakes

Finance
When it comes to renovating your home, the last thing you want is surprises.So before you start swinging a hammer, it's important to take steps that can help you avoid costly blunders, according to Drew and Jonathan Scott, the stars of HGTV's "Property Brothers.""[The] No. 1 common mistake that so many people make when they're renovating their house [is thinking] 'I can take this whole thing on myself,'" said Drew, a real estate agent."If you've never been a general contractor, and you're doing a major renovation, and now you want to be your own general contractor, first red flag. Probably a problem," added Jonathan, a licensed contractor.That doesn't necessarily mean that you have to hire a professional for everything.Instead, think about your comfort zone. If a project is outside of it —
Samsung satellite crash-lands near home

Samsung satellite crash-lands near home

Technology
By Tim Stelloh and Gabriel Samandi, news reporters, NBC News A satellite launched by Samsung into space last week crash-landed near a US couple's rural home.The Space Selfie device, which the company said aimed to capture images "using a unique view of planet earth as the backdrop," was found by Nancy Mumby-Welke and her husband on Saturday morning after they heard a loud crash on their property in Gratiot County, Michigan. As the couple investigated, she told NBC News: "We realised it had fallen from the sky. It looked like a satellite." Image: There was debris on the ground after the device landed. Pic: NBC/Nancy Mumby-Welke Samsung confirmed in a statement that the device "came ...
New home loan takers to gain instantly from RBI cut

New home loan takers to gain instantly from RBI cut

Finance
NEW DELHI: New home loan borrowers are set to immediately gain from the latest round of rate reduction by RBI but existing borrowers can get the benefit of repo-linked rates by paying legal and administrative charges, which has been waived by certain banks but others are charging as much as Rs 10,000. On an average, home loan rates are likely to fall by 25 basis points for new borrowers, and the gain can be higher for those who have not migrated so far from marginal cost of lending (MCLR) -linked loans to those linked to RBI's repo rate and doing so now. To take the benefit of the new system, existing borrowers, whose interest rates are pegged to the bank's MCLR, will have to migrate to the new system. For this, banks are charging legal and administrative charges, which varies from nil to...
Insurance: Millions of loyal customers ‘overpay on car and home cover’

Insurance: Millions of loyal customers ‘overpay on car and home cover’

Business
Failings in the market for home and car insurance mean consumers are overpaying by about £1.2bn year, the City regulator has concluded.In an interim report, the Financial Conduct Authority (FCA) estimates some six million consumers pay on average £200 too much on premiums.Competition was not working and loyal customers were penalised, it said.FCA action could include bans on automatic price rises and making firms move consumers to cheaper deals."This market is not working well for all consumers," said Christopher Woolard, executive director of strategy and competition at the FCA. "While a large number of people shop around, many loyal customers are not getting a good deal. We believe this affects around six million consumers."We have set out a package of