Finance

573
Mandelson-backed Bank of London secures £42 million in new funding just days after a winding-up order
Clearing bank’s future was thrown into question by HMRC action over unpaid taxes last Thursday
425
Health Secretary Wes Streeting is "not remotely happy" about the idea of cutting winter fuel payments
MPs will vote on Tuesday on whether to approve the government’s controversial plan to remove the winter fuel allowance from some pensioners.
389
A sixth-generation wire-maker has blamed Brexit for devastating its business
Owner of Ormiston Wire in London urges Keir Starmer not to forget small manufacturers in his dealings with EU
391
Hewlett Packard to pursue Mike Lynch’s estate for up to $4bn
Tech company says it will follow legal proceedings ‘to their conclusion’ after tycoon’s death last month
369
Pensioners forced to fill out 243-question DWP form to keep £300 Winter Fuel Payment
Winter Fuel Payments used to be available to every household where someone is over state pension age, but now only those claiming means-tested benefits, including Pension Credit, can get it
598
Scrapping the two-child benefit limit ‘would still leave 100,000 young Britons in poverty’
Impact of abolishing policy would be dented unless overall cap is reformed, figures show
420
UK’s Aviva conspired to dodge India compensation and tax rules
An Indian tax agency has found that British insurer Aviva (AV.L), opens new tab breached local regulations capping commissions to sales agents with a system of fake invoices and clandestine cash payments, according to a notice seen by Reuters.
494
Shell to cut hundreds of jobs in oil and gas exploration
Reduction of about a fifth of workforce in two subdivisions part of plan to slash up to $3bn in costs by end of 2025
629
NatWest app down, leaving furious customers unable to transfer money or pay bills
NatWest customers say they cannot send payments through its app this morning, with the banking giant confirming the issues on its X/Twitter social media account
495
UK ministers award KPMG a £223 million contract despite pledge to cut consultancy spending
Professional services firm to oversee training and development courses across civil service in 15-month deal
403
Bank of England warned to be wary of public sector pay deals
The Bank of England should be on the guard against the potential inflationary impact of Labour’s inflation-busting public sector pay deals, according to economists.
656
Prince Harry’s legal battle for police protection has cost UK taxpayers more than £600,000
Prince Harry’s legal fight against the Home Office’s decision to downgrade his police protection in the UK has cost the government more than £600,000 to date.
641
5 strategies to reduce back-to-school expenses
You might be looking forward to your children returning to school this month, but chances are your bank balance is not.
593
Energy bills to rise by £149 for millions after Ofgem increases price cap
Energy bills will go up by 10% in October, meaning 28.4million households will be paying about £149 more a year.
552
UN adopts historic tax reform
The United Nations (UN) adopted a resolution to begin the process of establishing a global tax framework intended to cause wealthy individuals to pay more taxes.
378
The government plans to increase windfall taxes on oil and gas profits from 75% to 78%
UK oil and gas companies have voiced serious concerns over government proposals to increase windfall taxes and remove investment incentives.
566
Child benefit claims surge after government increases income thresholds
In April, child benefit claims rose by 16% following a government decision to increase the income thresholds for eligibility. The changes, announced in the March Budget, allow more parents to claim benefits and have reminded others to apply.
569
McDonald’s aims to create 24,000 jobs with expansion in the UK and Ireland
US fast-food firm to open more than 200 restaurants as part of £1bn plan that will focus on high street locations
571
Campaign for national water discount to address regional inequalities
Fourteen charities say the government has a ‘huge opportunity’ to support people living in poverty with their water costs.
451
Rachel Reeves plans to raise taxes and cut spending in the October budget
Chancellor insists she still has large black hole to fill despite stronger-than-expected growth in first half of 2024
394
King Charles III £1 coin enters circulation
The first £1 coins featuring King Charles III are entering circulation this week.
402
Wealth tax on the super-rich could raise £1.5 trillion globally, campaigners claim
The Tax Justice Network said trillions could be raised with a ‘featherlight’ tax on the 0.5% of richest households, copying a current Spanish tax
654
’Kafkaesque’: Bank blocks cash transfer, citing potential AI scam concerns
Starling’s fraud team repeatedly refused to allow UK man to send £12,800 to friend in Austria, then froze account
699
Carpetright owed almost £350m when it collapsed into administration
Carpetright owed almost £350m when it collapsed into administration with the loss of more than 1,500 jobs before being rescued, it has been revealed.
495
UK unemployment falls as wage growth reaches its lowest level in two years
Rachel Reeves says there is more to do in supporting people into employment and she will take action in budget
09.09.2024, 14:39 • Tech