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Money

396
Ford to cut 800 jobs in the UK due to low demand for electric cars
Ford have announced 800 jobs will be cut in the UK, with 4,000 jobs lost across Europe.
511
Winter fuel cut to push 50,000 into poverty next year
An additional 50,000 pensioners will be living in relative poverty next year as a result of cuts to the winter fuel allowance, the government’s own estimates have revealed.
349
’Unacceptable’: One of Britain’s biggest pub chains charging England fans extra £1.80 per pint on match days
A pub chain has sparked outrage for charging England fans £1.80 more for beer on match days.
517
Southern Water’s debt downgraded to junk status by Moody’s
Company close to technical default on some of its debt, underlining UK industry’s precarious state
411
Homebase faces administration after £84 million losses, putting 130 stores at risk of closure
Homebase is set to collapse into administration with 130 shops facing closure, putting countless jobs on the line.
448
Bitcoin surges as Trump-fuelled rally continues
Bitcoin has climbed above $82,000 as its record-breaking run continued in the wake of Donald Trump’s re-election as President.
617
NHS pays record £84m in compensation for patients harmed by poor care
A record number of hospital patients received compensation following botched care and surgery at the hands of private contractors who won NHS contracts, statistics show
510
UK’s Sainsbury’s warns that budget tax hikes will fuel inflation
The boss of British supermarket Sainsbury’s (SBRY.L), opens new tab said changes to national insurance made by the government in last week’s budget will add 140 million pounds ($181 million) to its tax bill next year and warned the move would be inflationary.
628
Bitcoin hits a new record of £58,000 just hours after odds of a Trump victory were shortened
Bitcoin has surged to its highest-ever value as Donald Trump edges closer to winning the election.
572
Rachel Reeves has been criticized for a "missed opportunity" to generate £900 million in revenue from online casinos
Labour’s connections to the gambling industry are under scrutiny once more following the decision not to increase the tax rate for online gaming.
575
Revealed: billionaires are the ’ultimate beneficiaries’ connected to €3 billion in EU farming subsidies
Thousands of small farms have closed according to analysis of official but opaque data from EU member states
423
Budget 2024: Major tax change impacts Meghan Markle and Prince Harry
Chancellor Rachel Reeves has made a huge announcement on private jet passenger duty - and it will impact the likes of Rishi Sunak and Prince Harry and Meghan Markle
452
Santander begins job cuts in the UK, sources report
Spain’s Santander (SAN.MC), opens new tab has started a round of job cuts at its British unit as part of the lender’s plans to save costs in a competitive banking environment in the United Kingdom, a person familiar with the matter said on Friday.
536
Budget will restore significant cuts to the UK’s public investment, confirms Reeves
Chancellor pledges to spend, but says there will be no Truss-style splurge when she changes fiscal rules in budget
356
Fuel duty anticipated to increase by up to 7p per litre following the budget
Campaigners point out it is often cheaper to drive or even fly within the UK than take the train
595
ECB lowers interest rates to boost struggling eurozone economy
Fall in inflation enables central bank to bring in quarter point cut to 3.25% after business and consumer slowdown
406
Shares in UK gambling firms drop by £3 billion amid speculation of higher taxes in the upcoming budget
Thinktank reports saying sector should be hit with extra £900m to £3bn in levies prompt market selloff
565
Spanish shipbuilder Navantia enters exclusive talks to acquire Harland & Wolff
Deal to rescue owner of four UK shipyards, including Belfast shipyard that built the Titanic, could save up to 1,000 jobs
462
Bank of England governor warns of Middle East oil shock risk
Andrew Bailey also hints at ‘more aggressive’ path for cutting interest rates if inflation news stays positive
367
Sellafield has been fined nearly £400,000 for cybersecurity failings
Nuclear waste dump in Cumbria pleaded guilty to leaving data that could threaten national security exposed for four years, says regulator
396
Debt has reached 100% of national income for the first time since the 1960s, driven by increases in public sector pay
The latest official figures from the Office for National Statistics show that public sector net debt is 100% of the nation’s economic output.
415
Thames Water seeks to stay afloat by renegotiating loan agreements, according to a source
Utility struggling with £15bn debts books November high court dates in effort to extend ‘liquidity runway’
582
Next warns of potential store closures following a £30 million legal loss
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.
590
How train passengers can claim share of £25,000,000 compensation
More than a million train passengers could be in for a payout after a train company agreed to a massive settlement.
515
Deliciously Ella health food brand acquired by Swiss group Hero
Founder Ella Mills expected to bank millions from sale of company known for its oat bars and energy balls