Finance
758
Santander to acquire TSB for £2.65 bn — third change of ownership in 12 years
Purchase would be third major ownership shake-up for high street lender in 12 years
917
Chancellor Reeves may slash the tax‑free limit on cash ISAs by a quarter — banks warn small savers will be hit
Chancellor Rachel Reeves is expected to announce a cut to the annual tax-free cash Isa allowance.
806
In the UK, the largest drop in housing prices in over two years has been recorded
Increase in stamp duty has helped weaken demand, as average price drops by 0.8% in June, says Nationwide
1000
Tourists scammed out of money through Booking.com: how the fraud scheme works
Holidaymakers are being warned about a Booking.com scam that has already cost victims a total of £370,000.
769
Scammers switch from Huione Guarantee to Tudou — the new hub for USDT fraud on Telegram
Merchants immediately moved to Tudou Guarantee, a rival in which Huione owns a 30% stake.
1563
Defence budget in the UK to rise sharply as Starmer unveils new military strategy by 2035
Keir Starmer will pledge to increase defense spending by billions more within the next decade – just months after his last major commitment.
810
In the event of a war with Europe, Russia could cause a drop in global GDP of $1.5 trillion — Bloomberg
Bloomberg Economics reports that a full-scale Russian war against Europe could decrease global GDP by $1.5 trillion.
967
"Design revolution": outrage in Britain over £532,000 spent on a new dot in the Gov.uk logo
Critics have accused the government of spending over half a million on a ’vanity’ project to revamp the website.
793
TfL fines Lime and Forest more than £30,000 for abandoned e‑bikes
E-bike firm warns London has fallen behind Paris in setting rules for hire bikes
689
Fuel prices in the UK to rise by 5 pence due to oil panic amid Israel–Iran conflict
Oil price increase likely to add 5p to petrol and diesel over the next couple of months, expert says
754
Taxes rising: government expects a 5% annual increase on every local services bill
Documents in the Spending Review suggest that council tax is projected to increase by 5% annually to fund local services.
932
Britain’s economy has shrunk — Reeves does not rule out another round of tax rises this autumn
Chancellor Rachel Reeves has not dismissed the possibility of future tax increases following the UK economy’s worst contraction in a year and a half in April.
697
Bitcoin family reveals how they protect crypto assets amid wave of abductions and thefts
The family has ditched hardware wallets and employed ingenious methods to ensure safety of their Bitcoin and crypto holdings.
851
Pepco offloads Poundland: brand sold at face value, 100 stores at risk of closure
Poundland’s parent company has announced it has sold the brand off for a ‘nominal’ price.
858
Unemployment rate exceeds expected peak as budget tax increases take effect
The UK’s jobless rate ticked up to 4.6% in April while payrolled employment has fallen sharply since, according to official figures covering the period when budget tax hikes on businesses came into effect.
715
NatWest banking app experiences outage, leaving thousands unable to access their money
Thousands of people are struggling to log in to their NatWest banking app, leaving some unable to pay for food.
737
Sports Direct could face fines: store misleads customers with fake discounts
Sports Direct’s use of recommended retail prices (RRPs) could be breaking the law and misleading customers, a Which? investigation has found.
837
“Millionaires shouldn’t get subsidies”: UK government plans changes to heating payments
“Millionaires” should not get “subsidy for their energy bills from the Government”, a Treasury minister has suggested.
1106
Starling admits some Covid loans were issued without checks — bank’s profit drops by 25%
The digital bank Starling has suffered a 25% drop in annual profits and said it would turn down government guarantees on £28m of Covid loans losses after conceding its own weak controls were to blame.
737
Thames Water fined record £122 million for sewage spills and illegal dividends
Even though Thames Water’s chief executive Chris Weston informed MPs that the company’s continued existence as a private entity depended on leniency from Ofwat, the regulator has imposed nearly the highest permissible fine.
721
£18 not the limit: TfL plans annual increase of central London congestion charge
London’s congestion charge is set to increase from £15 to £18 next year under the plans announced today.
867
Over 1,500 NHS top managers received six-figure salaries — even in hospitals with the worst performance
1,557 senior NHS managers received a six-figure salary in the year 2023-24, including many in charge of underperforming hospitals.
709
Pakistan dedicates 2,000-MW energy capacity to bitcoin mining
Pakistan is channeling 2,000 megawatts of electricity into bitcoin mining and AI data centers, aligning with its efforts to legalize crypto and boost investment.
991
Behind the curtain: Trump’s extravagant multimillion-dollar cryptocurrency dinner
Trump gathered about 200 wealthy cryptocurrency owners at his golf course in Washington D.C.
839
EU contemplates removing 20 banks from SWIFT in new sanctions against Russia
The European Union is considering cutting more than 20 banks from SWIFT and lowering price cap on Russian oil
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