Finance

835
Employment Rights Bill to cost firms £5bn annually, but gains will justify it, says government
The Department for Business and Trade has said the benefits of the employment rights bill will justify the costs it will impose on business amounting to nearly £5bn per year.
823
Rachel Reeves plans to tax businesses to fill the £9 billion black hole in the NHS
Rachel Reeves is set to use one of the most pivotal budgets of recent times to call on businesses to pay more tax to help restore the NHS, amid warnings that the health service has been left with a £9bn hole in its finances.
822
Rachel Reeves expected to extend ‘stealth’ freeze on income tax thresholds
Policy known as ‘fiscal drag’ could bring in as much as £7bn a year after 2028, while dragging workers into paying more tax
626
NHS poised for a 4% budget increase, but health chiefs warn it may not be sufficient
Whitehall source says it would only allow NHS to ‘stand still’ on waiting lists rather than reduce them
612
Report reveals decline in number of female business leaders in Britain in 2024
The number of women who hold executive reins in corporate Britain has fallen for the first time in eight years in an "unacceptable" reversal that could delay gender parity for another five generations, a consultancy said on Thursday.
735
Rachel Reeves plans to cap ISA savings at £500k, targeting ’ISA millionaires’
Rachel Reeves has previously argued that ISAs are primarily benefiting high earners.
604
Repair bill for crumbling NHS buildings in England soars to almost £14bn
NHS Providers chief says ’vital bits of the NHS are literally falling apart after years of underinvestment’
718
Simply Be owner N Brown agrees to £191m takeover by a member of the founding Alliance family
Joshua Alliance to take company private, paying 40p in cash for each share not already owned by himself and family
655
UK inflation drops below 2% for the first time in three and a half years
Bigger than forecast annual drop to 1.7% in September puts pressure on Bank of England to cut interest rates
885
Energy customers struggling with bills warned they could face even higher payments
UK households are battling with rising bills since the Ofgem price cap rose at the start of October. This has sparked increased anxiety over the affordability of energy bills throughout the winter period.
917
Water companies in England and Wales ordered to refund £158m to customers
Ofwat mandates bill reductions next year due to poor performance in addressing sewage spills and water leaks
735
Housebuilder Vistry loses more than £1bn in value after profit warning
FTSE 100 company says profits will lower for the next three years because it underestimated building costs
863
Court of Appeal rejects challenge to London Metal Exchange nickel ruling
Commodity trader Elliott previously said the LME’s decision to suspend and cancel nickel trades in March 2022 caused it to lose millions in profit.
729
British food companies lobbied to delay the £1.7 billion plastic packaging tax, as revealed by documents
New scheme to improve recycling rates and tackle pollution was pushed back by Tories after industry complaints
839
NatWest, RBS, and Ulster Bank have experienced outages, leaving Brits unable to access their money through mobile banking
Several banks, including NatWest, Royal Bank of Scotland and Ulster Bank, are all experiencing web outages according to DownDetector and customers can’t access their money as a result
934
Unresolved water complaints in England and Wales have reached a near-decade high
Customer disputes over sewage spills, billing mistakes and water meters soar in past year
957
Co-op bank app and website down with customers reporting issues
Co-operative Bank’s mobile app and online banking are down, driving customers to vent frustration on social media.
583
Monitoring UK bank accounts for benefits fraud would deal a "significant blow to privacy"
Privacy and rights groups fear government may resurrect Tory plan for mass algorithmic surveillance
904
Thames Water may be prevented from securing new debt financing next week
Troubled firm has until 7 October to agree to extension, according to holding company accounts
856
DWP shares new update for those needing to claim the £300 Winter Fuel Payment
Earlier this year, the new Labour Government means-tested the DWP benefit so instead of all pensioners over the age of 66 getting between £100 and £300 in support for energy costs this winter only those claiming certain benefits will
800
Sainsbury’s in the UK sells its cash machine business
British supermarket group Sainsbury’s (SBRY.L), opens new tab said it has sold its cash machine operation in a further move to simplify its banking business and reduce costs.
798
Theft and fraud cost the Co-op Group nearly £40 million in just six months
To clamp down on stealing, Co-op began trailing AI theft detection technology. The company’s interim results also said it will open 120 new shops by the end of next year.
865
Dulux owner AkzoNobel has announced plans to cut 2,000 jobs globally
Dutch group has not said how many of its 3,500 employees in the UK and Ireland will be affected
905
Amazon, Tesla, and Meta are among the world’s top companies undermining democracy, according to a report
Corporations such as ExxonMobil and Blackstone also big funders of climate crisis, new trade union report finds
764
Figures reveal that fifty pubs per month closed during the first half of the year in England and Wales
Number of pubs open fell to 39,096 by end of June and experts say tax rises in 2025 could result in more closures