379
Rachel Reeves considers disability benefits cuts and "hotel tax" to stabilize UK finances amid economic challenges
Rachel Reeves is said to be planning to slash billions of pounds in disability benefits and introduce a “hotel tax” as she scrambles to fix the country’s finances.
668
Scotland’s aging ferries cost taxpayers £100m in repairs over a decade
Government plans for publicly funded operator CalMac have been mired in controversy, with replacement vessels delayed and costs spiralling
437
Free school meals ‘auto-enrolment’ scheme provides food for 20,000 additional children
Twenty local authorities in England signed up eligible pupils without waiting for parents to do so
639
Prepayment meters could consume a third of UK households’ income this winter
Resolution Foundation says higher prices and cold weather will hit poorer households hardest
378
’Heartless’ multinationals taking advantage of pensions loophole for UK workers
Hewlett Packard, American Express and Pfizer among firms to have frozen increases in payouts despite inflation
576
Water bills to increase by £31 annually over five years as 60,000 homes face water shortages in southern England
Household water bills in England and Wales will increase by an average £31 a year over the next five years, regulator Ofwat has announced.
511
Bank of England hints at ’gradual’ rate cuts as interest rate remains unchanged
There was surprise support for a fresh rate cut at the meeting which has revived hopes for borrowers that some further relief is possible in February.
350
Small businesses could drive the growth Labour needs, but Rachel Reeves must foster a pro-business environment
The UK’s GDP contracting by 0.1% wasn’t the news anyone wanted.
590
Ministers propose cutting over 10,000 civil service jobs
Sources suggest the civil service is seen as too large after growth during Brexit and the pandemic.
501
BP moves offshore wind projects to joint venture as it scales back renewables focus
Energy company’s deal with Japan’s Jera will allow it to focus on exploiting oil and gas assets
715
Ministers considering renationalizing British Steel if rescue plan fails
Move would be last-ditch attempt to save thousands of UK jobs amid standoff with company’s Chinese owners
672
’Dark money’ infiltrates UK politics as 10% of donations come from questionable sources
Cash from dictatorships and shell companies is entering the political system via legal loopholes
569
Millions to see mortgage costs rise
Half of UK mortgage holders could see their payments increase over the next three years, the Bank of England has said.
618
Reeves assures businesses of no further tax hikes while defending the Budget
Chancellor Rachel Reeves has told businesses she is "not coming back with more borrowing or more taxes" as she defended the tax rises on businesses announced in the Budget.
550
UK’s highest-paid prison inmate earned £46k last year – more than most nurses and teachers
The UK’s highest-paid prison inmate earned around £46,000 last year - more than most nurses, teachers, and biochemists, as well as the prison officers guarding them
570
Exact cost of King Charles’s Coronation to taxpayers revealed
King Charles’s Coronation was smaller and shorter than the late Queen Elizabeth’s, as the monarch was mindful of the cost of living crisis affecting millions in Britain.
456
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.
549
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.
365
’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.
559
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
447
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.
461
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.
635
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
534
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.
639
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.
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