Finance

905
MPs received over £700,000 in free gifts and hospitality last year
Furore over freebies like tickets to Taylor Swift concerts and football games has led to calls for reform to MPs’ gift declarations and an overhaul of the ministerial code
812
Over 2,000 jobs have been cut as UK prison construction company ISG collapses
Administrators EY confirm construction company, involved in 69 live government projects, has ceased trading
853
More UK employers are planning to reduce pay increases for 2025, according to an IDR survey
British employers plan to scale back pay increases next year, according to a survey that is likely to encourage the Bank of England as it seeks further signs that inflation pressures in the economy are easing.
765
UK companies say that the packaging tax will increase the price of many everyday items
The cost of soft drinks, beer, and kettles is expected to rise due to a scheme that transfers recycling fees to producers.
778
Next warns of potential store closures following £30 million legal defeat
High street giant Next is facing an uncertain future — it’s warned of possible store closures after losing a landmark £30 million legal case over equal pay.
804
Campaigners estimate that taxing superyachts and private jets could raise £2 billion annually
Oxfam says ‘commonsense solution’ would reduce emissions and raise urgently needed climate finance
653
DWP benefit claimants warned ’apply within three months’ to ’avoid disruption’ to payments
The DWP is contacting everyone who is being moved over to Universal Credit in stages - and when it is your turn, you’ll receive a letter in the post known as a ’migration notice’
856
HMRC warning issued to state pensioners who could get an unexpected bill
The warning has come as hundreds of thousands of pensioners across the country could be at risk of receiving a bill from the government tax department next year
1301
Harland and Wolff finance chief resigns
Another board member has resigned from Harland and Wolff, the troubled Belfast shipbuilder.
902
Canary Wharf owners’ credit rating downgraded further into ’junk’ status
Further downgrade prompted concerns about debts as firm struggles to attract workers back after the pandemic
688
Millions of pensioners will lose their winter fuel payments
Millions of pensioners are set to lose winter fuel payments this year after an attempt to block the cuts failed in Parliament.
821
’Bleak’ September forecast with 6,000 steel and oil jobs set to be cut
The government warns of a "grim" September, with up to 6,000 jobs expected to be cut in steel and oil refining, according to the BBC.
856
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
671
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.
731
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
672
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
648
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
843
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
649
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.
826
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
971
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
886
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
668
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.
871
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.
1092
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.