buying

The chancellor has told the financial industry it must change the “negative” narrative around savers investing money in stocks and shares in order to help grow the economy.

In a speech, Rachel Reeves said: “For too long, we have presented investment in too negative a light, quick to warn people of the risks without giving proper weight to the benefits.”

The government is working with the financial regulator to provide support for would-be investors.

It comes as Reeves stepped back from cutting the tax-free limit on cash Individual Savings Accounts (Isas) after a backlash from lenders – she is keen to shift some of the £300bn in these accounts to being invested in the UK and its companies.

At the annual Mansion House dinner in the City of London, Reeves told business leaders: “Our tangled system of financial advice and guidance has meant that people cannot get the right support to make decisions for themselves.”

She said the government is consulting with the Financial Conduct Authority “to introduce a brand-new type of targeted support for consumers ahead of the new financial year”.

The government is under pressure to ignite growth after figures revealed the UK economy shrank in May following a contraction in April.

Meanwhile, U-turns on welfare benefits and the winter fuel allowance have stoked speculation there could be tax rises in the Budget later this year.

Some Labour MPs have previously suggested a wealth tax, such as a 2% tax on assets worth more than £10m, could raise £24bn per year.

Speaking at the Mansion House event, Sir William Russell, former Lord Mayor of the City of London, told the BBC: “Unfortunately, there’s going to be this pause between tonight and October. In a way, that’s not good because there’ll be speculation about wealth tax which I don’t think will happen, this government is much more sensible than that.”

But he said: “That pause doesn’t help because there is uncertainty and if there’s one thing we all would agree with, the City does not like uncertainty.”

Reeves said the new measures to encourage consumers to invest would mean “savers can reap the benefits of UK economic success”.

But the value of investments in assets such as shares can go down as well as up, and savers have tended to be cautious over the risks involved, although the spending power of savings can be eroded by rising prices.

The government has in the past encouraged the public to buy shares in UK companies, including in 2013 when Royal Mail was floated on the London Stock Exchange.

But perhaps the most famous example was in 1986, when the state-owned British Gas was privatised and Margaret Thatcher’s government launched the “tell Sid” campaign. TV adverts featured characters urged each other to “tell Sid” about the chance to buy shares in British Gas.

In reference to her recent travails – including a tearful appearance in the House of Commons – Reeves said that during a visit to a school, a girl had asked her what job she would do if she could have any job in the world.

“Given the events of the last few weeks, I suspect many of you would sympathise if I had said “anything but chancellor”,” she joked with the audience. “But I didn’t.”

In her speech, Reeves said she would “continue to consider further changes to ISAs, engaging widely over the coming months”.

She also provided more details about changes to the UK’s financial services sector including reforming regulation.

“In too many areas, regulation still acts as a boot on the neck of businesses,” she said. “Choking off the enterprise and innovation that is the lifeblood of growth.”

She said regulators in other sectors “must take up the call I make this evening not to bend to the temptation of excessive caution but to boldly regulate for growth in the service of prosperity across our country”.

Ahead of giving his own speech at the Mansion House gathering, Bank of England governor Andrew Bailey was asked if there was a trade-off between providing stability and growth.

In the past, Mr Bailey has been cautious about deregulation.

But he told the BBC: “In no way am I suggesting that all our rules are perfectly formed so no, there isn’t a trade-off, but that doesn’t mean to say that we don’t change and modernise the system and keep it up to date – we balance those two things.”

In a brutal new crackdown, Spanish authorities are said to be imposing hefty fines for tourists found to be buying souvenirs and other items from certain types of street vendors

A popular Spanish city has unveiled a brutal clampdown that could see Brits slapped with a hefty fine.

Police in Palma, the capital of Majorca, are reportedly imposing the first penalties against people found to have purchased products such as sunglasses, bags, and souvenirs from illegal street sellers. It comes as the town hall launched a new ordinance on May 26 – which strictly prohibits both residents and holidaymakers in the Litoral district (which spans from Can Pere Antoni to Arenal) from buying items from unauthorised vendors.

Often referred to as ‘looky looky’ men, tourist-riddled hotspots like Spain are rife with dodgy merchants that often sell counterfeit products such as fake designer handbags and scarves. Of course, selling knock-off goods has never been legal in Spain, and provisions to fine counterfeit sellers and their customers have been in place since 2018. However, Spain is cracking down on this with a set of bylaws updating existing regulations, arguing the black-market train ‘harms legal establishments’.

READ MORE: Spanish island set to make huge change to beaches in 2026 affecting Brits

According to Majorca Daily Bulletin, sellers themselves are subject to sky-high fines of between €750 and €1,500 (approximately £640 and £1,281 respectively). For tourists, fines start at €100 (£85) but can climb up to €750 (£640). Presumably, this will depend on the number of illegal goods being purchased.

“In one case, eleven sunglasses were seized from the seller as evidence of illegal vending, while the purchaser was fined for ‘making a purchase from an unlicensed street vendor on the public way’,” the publication states – citing a recent police report. “This doesn’t say if the person fined was a tourist or a resident.”

It is believed the Official Bulletin of the Balearic Islands regularly publishes pages with a list of offenders. However, many street vendors have no known address, which has cast the effectiveness of the steep fines into doubt.

The announcement comes just days after Palma has also unveiled ambitious plans to cut down the number of sunbeds on its beaches by a whopping 1,700 by next year. As previously reported, the city’s council has allegedly green-lighted plans to reduce sun loungers by 20 per cent by 2026, citing both over-tourism and rising levels.

“There has been a loss of sand on the beaches, and we couldn’t maintain the same number of sunbeds and umbrellas – and this has coincided with complaints from residents who feel they have less space,” a spokesperson for the Department of Home Affairs of the Balearic Islands reportedly said. “The mayor [Jaime Martínez] is aware that the majority of residents don’t use the sun bed service, so we decided to implement this redistribution.”

The Local Es, a Spanish news site, claims this will impact several popular stretches of coastline, and will see Platja de Palma go from 6,000 sunbeds down to 4,436. The publication says Cala Major beach will go from 300 to 250 sunbeds, while Cala Estància will also have 18 fewer sunbeds by next year.

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Palma Police have begun to impose fines on people who buy products from illegal street sellers in the Majorca holiday hotspot, in a bid to stop the sale of counterfeit items

Holidaymakers eager to score a discount could find themselves slapped with a hefty fine.

Knock-off sunglasses sellers and fake handbag hoikers have long been a fixture of tourist destinations in Spain. Despite being illegal, police have struggled to clamp down on the trade. If you’ve ever been to central Barcelona, then you will have seen the impressive speed with which towels laden with budget goodies are folded up and whisked away whenever a police officer nears.

Now a police force in Spain have decided to put pressure on the buyers as well as the sellers, to see if that has an impact.

Palma Police have begun to impose fines on people who buy products from illegal street sellers. In one case, eleven sunglasses were seized from the seller as evidence of illegal vending, while the buyer was fined for “making a purchase from an unlicensed street vendor on the public way”, Majorca Daily Bulletin reported.

The police have not said whether the person fined was a tourist or a resident. Police received new powers to arrest buyers at the end of May. The town hall of the Majorcan city has launched an information campaign to warn both residents and tourists about the risks of purchasing products from unauthorised vendors.

READ MORE: Mum on Benidorm holiday left ‘petrified’ after teenagers invaded her hotel room

The police force has said that this type of trade harms legal establishments and can result in a financial penalty for the buyer. Sellers are subject to fines of between €750 and €1,500 (£641 to £1,282). For buyers the range is €100 to €750 (£85 to £640).

UK sunseekers may want to brush up on Spanish regulations before heading to the country this year, given how much local authorities there seem to love a fine.

Organising “unauthorised gatherings” could see Brits forking out as much as €750 for blasting tunes too loudly. In places like Valencia, setting up unapproved tents or shelters might land you a fine ranging from €1,501 to €3,000.

Spain’s beaches are increasingly becoming smoke-free areas, with lighting up potentially costing you up to €450 in fines, while sipping a drink on the sands or promenade could set you back between €1,501 and €3,000.

Caught with a tipple in public? You could be coughing up to €3,000. Majorcan hotspots such as Llucmajor, Palma, and Magaluf have even curtailed alcohol sales from 9:30pm to 8am and clamped down on happy hour promotions.

For those who throw loud parties without permission, a €750 fine awaits, and Valencia’s crackdown includes hefty charges of up to €3,000 for unsanctioned tent pitching. Many beaches have now become smoke-free zones, with a ciggie potentially costing you up to €450 in fines, and penalties for boozing on the beach or promenade ranging from €1,501 to €3,000.

READ MORE: Brits call out ‘horrendous’ hotel behaviour but admit ‘we find it funny’READ MORE: Brits avoid Spain after protests and warn ‘we won’t go if we’re not wanted’

Spain has also put a cap on daily visitors at certain beaches in the Balearic and Canary Islands. Platja d’Aro, in Costa Brava, has announced fines up to €1,500 for appearing in public “with clothing representing human genitals” in a crackdown on stag and hen dos from Blighty.

The bylaw specifically bans people from appearing “on the public thoroughfare without clothing or only in their underwear or with clothing or accessories representing human genitals or with dolls or other accessories of a sexual nature”.

There’s also new information required for those wanting to book digs or hire motors. Information gathered by hotel owners, private rental providers and car hire companies will now be passed on to the Spanish Ministry of Interior to bolster the country’s national security.

It feels like something big is brewing in the Pepe world right now. Donald Trump just posted a Pepe meme on his social media site, Truth Social. Could it be that the US president is planning a market-moving Pepe buy?

Pepe’s recent growth has also seen interest in the MIND of Pepe presale grow significantly. This AI meme coin has raised over $11 million and will list on exchanges imminently, with just 24 hours to go in the presale.

Donald Trump used the Pepe meme in his 2016 presidential campaign, then it became a hate symbol. That’s the background that mainstream media is using to frame Trump’s recent post.

They’re pointing to certain “alt-right” groups adopting the Pepe meme, only later acknowledging that it depends on the context. For crypto users, and likely for Trump, Pepe is a symbol of community, resistance, and laughter, not hate.

Trump posted on Truth Social a picture of him walking in the street with Pepe the Frog watching from on a sidewalk a few metres behind. It was captioned “HE’S ON A MISSION FROM GOD,” a reference to a famous line from 1980s movie The Blues Brothers.

While media outlets attempted to portray the post negatively, the fact that the US president is posting about Pepe at all is a huge win for the meme coin community.

Moreover, the media headlines often mention the post’s positive impact on Pepe coin’s price. This increases the project’s visibility and could attract more investors, regardless of the seemingly biased headlines.

Trump posted the meme at a time when the crypto market was taking a breather, so Pepe’s gains were marginal. But a few weeks earlier, it might have sent the price skyrocketing.

However, the stunt signals that Trump may, once again, begin using Pepe in his public communication efforts, and that’d be a big tailwind for $PEPE to rally.

An even better outcome would be that Trump buys Pepe. It wouldn’t be out of character. It’s no secret that Trump launched his own meme coin OFFICIAL TRUMP this year, but most people are unaware that Trump-backed World Liberty Financial just bought a meme coin called BUILDon this week. Could Pepe be next on the project’s shopping list?

Either way, Pepe’s future looks bright. But how far can it go in the months ahead?

Analyst Says Pepe Poised to Hit $0.00005 by September

Looking further ahead, Professor Moriarty predicts that Pepe could veer to new highs by September, peaking at $0.00005. This would result in a market cap of just over $20 billion.

Elon Musk pushed Dogecoin to an $80 billion market cap in 2021, so there’s every chance the US president takes Pepe to $20 billion this cycle.

But as Pepe shows potential, smart investors are seeking related tokens which could ride the bullish wave but provide more gains. One of the most popular alternatives currently available is MIND of Pepe, an AI agent that’s undergoing a blistering hot presale.

MIND of Pepe Tipped For 10x Gain as Presale Enters Final Day

MIND of Pepe is one one of the most successful crypto presales on the market and has raised a whopping $11.3 million so far. However the presale is going to end in just one day. This marks the final opportunity for investors to buy MIND of Pepe at a fixed and discounted price before its exchange debut.

MIND of Pepe is a Pepe-themed AI agent that will scan the market to identify trading opportunities. It has a public X account where it offers market commentary, hot takes, and even replies to followers.

But the real innovation is only available for $MIND holders. The project boasts a data insights terminal that shares trading signals, in-depth technical analysis, risk-to-reward ratio analysis, and curated X posts.

It can also launch its own crypto projects, and $MIND holders will get insider access before the agent promotes them on social media.

MIND of Pepe is more than a meme coin; it’s a powerful AI tool designed to make its community money.

With that, it’s unsurprising that analysts expect big gains. For example, Umar Khan from 99Bitcoins recently said the project holds 100x potential.

With a strong use case, hard-wired token utility, and analyst support, MIND of Pepe appears firmly positioned to capitalize on the growth of Pepe coin.

But as mentioned, the presale will end in one day. For investors seeking to buy $MIND at its fixed presale rate of $0.0037515, this is the last opportunity.

Visit MIND of Pepe Presale

This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.

A MOTORIST has shared how he made “hundreds of thousands” by buying and selling car number plates.

Neal Bircher, 60, has collected hundreds of plates worth gargantuan sums and currently has around 350 in the garage at his home in Uxbridge, London, and owns the rights to 220 more.

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The DVLA is auctioning 2,000 car number plates in its latest sale – and an expert has revealed the best buys.

The latest auctions of personalised registrations starts on Wednesday at 10am.

Plates expert Neal has identified which plates to keep your eye on.

He says that dateless plates – those with a number at the start or the end – dateless plates with a single letter and shorter plates with common initials are where the money is.

For example, Neal believes 910 AM – which has a starting price of £2200 – will attract more interest thanks to the popularity of ‘AM’ as a set of initials, wheresas 232 XW – also with a starting price of £2200 – won’t have as many buyers.

In terms of plates less likely to grow, Northern Irish style plates, containing the letters’ ‘I’ and ‘Z’ are at the lower end of the market.

Neal, an IT management consultant and part-time plate dealer, said: “As a general rule, the shorter the better, and also the popularity of initials is a very common factor.

“‘Dateless plates are always popular and can be good investments.

“‘1’ plates have proved very good investments, whatever the letters, and so plates such as 1 XDX will be expensive even though ‘XDX’ is unlikely to be many people’s initials.

“1 YOB starting at £2400 is an interesting one – reminiscent of ‘YOB 1’ which famously adorned Slade guitarist Dave Hill’s Rolls-Royce in the 1970s!

“In recent years dateless plates that contain only a single letter have become more sought after – for example 125 B starting at £2500, or 8118 D starting at £2500 in this auction.

“And those where the letter is ‘O’, and hence the plate can look as if it only contain numbers, have really grown in popularity of late.

“Hence 54 O starting at £2500 might well fetch the top price in this action. ‘540’ is also a model of BMW.”

According to Neal, a common misconception is just because a plate might look like it spells a word, it doesn’t mean it’s valuable.

He said: “People sometimes assume that if a plate looks as if it spells a word then it will prove valuable.

“That may well be the case if the word is relevant to a business or profession, but if it’s just a random word then not necessarily so.

“Registration numbers generally tend to grow in value, but the ones less likely to do so are those at the lower end of the market, especially some of the Northern Irish style plates, containing the letters’ ‘I’ and ‘Z’.

“But there can be exceptions with those as well.”

Having bought and sold for much of his life, Neal has urged people to be cautious before entering the number plate game.

He added: “People who are trying to make money have to be very careful.

“It requires a lot of homework if you’re looking to invest or make money.

“Two very similar-looking plates might have very different values.

“AJB would be worth far more than XUY for example because of how common the first set is for initials.

“Not everyone is, but some are interested in the backstory behind plates.

“There are a lot of people who are in clubs and associations who ask me a lot of questions every day about value and the history of plates.

“People are very interested in when it was issued, to know what vehicles it was in, who owned it etc.”

The DVLA number plate auction

The DVLA is auctioning some highly coveted number plates on May 14

The plates range from £300 to over £2000, as drivers clamour to get a unique number for their motor.

Bids can only be placed at the auction or through the DVLA website.

The plates on sale on May 14 include:

• CIG 300 Lot 324 Starting price £300
• AB16 BUM Lot 18 Starting price £250
• MOU 555E Lot 119 Starting price £250
• PO25 CHE Lot 1390 Starting price £250
• F44 YYE Lot 639 Starting price £200
• A96 COX Lot 31 Starting price £200
• A600 DAY Lot 35 Starting price £200
• CR16 PTO Lot 372 Starting price £250
• SAV 146E Lot 1586 Starting price £250
• EA69 GLE Lot 509 Starting price £250
• OOH 11H Lot 1336 Starting price £300
• FAM 1T Lot 583 Starting price £500
• 145 SAM Lot 1578 Starting price £800
• 77 JET Lot 840 Starting pricd £1200
• 36 ANT Lot 116 Starting price £1200
• DMZ 1 Lot 457 Starting price £2000
• 910 AM Lot 92 Starting price £2200
• 1 YOB Lot 1991 Starting price £2400
• 1 LTR Lot 1075 Starting price £2400
• 54 O Lot 1309 Starting price £2500
• 2025 M Lot 1096 Starting price £2500