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Why 2022 is the worst time to retire in two decades

Pete Hykin, co-founder of Penfold, a pension provider, said that those reaching retirement should consider working longer or at least drawing out less than they had initially planned while relying on other forms of income. “By doing this, your pension pot can stay invested for a little while longer, giving you the chance to ride …

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Inside the secret world of the digital nomads

Five hundred and fifty people are gathered in a conference theater in Bansko, a ski resort town 150km southwest of the Bulgarian capital, Sofia. This isn’t an away-day for HR representatives, but Nomad Fest, a work meet-up for digital nomads, the burgeoning breed of freedom-seeking remote worker-hipsters who move around the globe and work from …

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Elon Musk risks losing his electric car crown as Tesla rivals accelerate

And it is not only VW. General Motors and Ford, the two kingpins of the US automotive industry, have begun looking further afield than their nation’s traditional gas guzzlers. Ford has this year been marketing an electric version of its long-lived Flareside pickup truck, dubbed the F-150 Lightning, while even the throaty roar of its …

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Surge in early retirement is fueling inflation, says top Treasury mandarin

In a rare public speech, Ms Lombardelli warned the UK is one of the only countries where inactivity among older workers remains higher than pre-pandemic levels. She said: “This is a human problem. Economic inactivity can be damaging to individuals, risking lower living standards, lower retirement income, and potentially poorer physical and mental health. “It …

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How the great British getaway became a holiday from hell

Analysts at HSBC noted that while it was “intuitive” to assume stricter immigration rules post-Brexit were the key driver of staffing shortages that have wreaked havoc on millions of British holidaymakers, there was evidence to the contrary elsewhere in the world. They said: “The US has a much tighter vacancies-to-unemployment ratio. And while airline bosses …

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Holiday chaos as airlines ax more flights

It comes as The Telegraph can reveal a fresh row between airlines and ministers. Industry sources claimed airline chief executives rebelled over demands from Whitehall officials to make a public pledge to operate every single flight on their schedules. It is understood Department for Transport officials were knocked back during a call with industry leaders …

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The three things we’re doing to try to beat inflation

Rampant inflation is showing no sign of abatement. In fact, the Bank of England recently raised its forecast for consumer prices index inflation from a 10pc peak to an 11pc high by the end of the year. In Questor’s view the Bank’s ability to forecast inflation is questionable. It has continually been behind the inflation …

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Novak Djokovic vs Miomir Kecmanovic score and latest updates

Welcome to day five coverage from Wimbledon as we edge closer to the midway point of the tournament and the number of players still in the event continues to whittle down. It was another dramatic day on Thursday as Katie Boulter earned the biggest win of her career when she overcame Karolína Pliskova. Boulter, ranked …

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Mark Zuckerberg tells Meta execs to find staff ‘who shouldn’t be here’

Facebook’s parent company Meta is slashing hiring plans as Mark Zuckerberg warns of “one of the worst downturns in recent history”. The social media giant plans to hire as much as 40pc fewer engineers than it had earlier predicted, amid an economic downturn and as privacy changes hit its advertising business. Mr Zuckerberg, Meta’s chief …

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