Finance

753
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.
954
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.
1194
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.
1044
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.
934
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.
720
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.
911
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.
909
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
971
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.
894
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
777
King Charles III £1 coin enters circulation
The first £1 coins featuring King Charles III are entering circulation this week.
792
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
1144
’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
1025
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.
893
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
747
UK inflation rises to 2.2% in first increase since December
Annual rate in July climbs back above Bank of England target of 2%, ONS figures show
809
DWP data raises alarm over pensioners eligible for winter fuel payments but missing out
Charity Independent Age has warned a shake-up of winter fuel payments could be dangerous as new data suggests hundreds of thousands who are entitled to it could miss out
940
Brexit delays to seed imports could hit crop production
Tomato and pepper growers call for UK to strike deal with EU to avoid disruption and duplicate testing
798
Treasury pledges low-carbon investment relief to appease oil and gas industry concerns
Minister James Murray says decision aimed at protecting jobs and investment after concerns raised by industry
968
Majority in UK support new tax on producers of ultra-processed and junk food
Poll findings prompt calls for ministers to impose sugar tax-style levy on companies to combat obesity
1030
New DWP state pension error could cost you £40,000 in retirement if not addressed now
Former pensions minister Sir Steve Webb has been contacted by four people who had not been awarded any inherited state pension when they retired when they should have been
949
UK state pension: ’Thousands more’ could have been underpaid
New category of widows and widowers on receiving end of DWP errors, says former minister
944
Repossession claims in England and Wales reach five-year high
Both bank and landlord cases rise but remain below pre-Covid levels, despite tough cycle of interest rate rises
871
Investors urge Glencore to abandon spin-off plans for coal division due to pollution concerns
More than 95% of investors urged commodities firm to keep highly profitable fossil fuel arm to help maximise shareholder cash
836
Pension savers given ’28-day’ warning amid expert concerns over ’disappointing’ delays
The new figures from My Pension Expert highlight how savers still face ’significant delays’ when trying to move their money, with an improvement of just one day compared to the previous year