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Money

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UK’s National Grid to sell electricity system operator in a $827 million agreement
Britain’s National Grid (NG.L), opens new tab said on Friday it had agreed to sell its Electricity System Operator (ESO) to the UK government for 630 million pounds ($827.95 million), including debt.
496
Landlords warn of potential rent hikes in response to Labour’s renters’ rights bill
Landlords’ association warns private rental sector reforms ‘could lead to Airbnb Lite’ before plan is unveiled in parliament
437
UK economy unexpectedly flatlines for second month in row
Pre-election slowdown continues in July despite economists predicting growth of 0.2%
508
The TUC reports that over a million British workers did not receive a single day of paid time off
New trade union research reveals that employees have missed out on £2 billion in holiday pay.
483
Water companies in England and Wales lost over 1 trillion liters due to leaks last year
Hundreds of millions of litres were wasted every day, with Thames Water revealed as the worst offender
466
UK ‘needs £1tn investment over 10 years to hit economic targets’
To achieve 3% annual growth, £100bn a year must be found for key sectors like housing and energy, City taskforce finds
453
Topshop might make a comeback on the high street following Asos’s sale of its stake for £135 million
Online fashion retailer hands control of brand to Jack & Jones owner with sale of 75% stake to help repay debts
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UK pump prices have dropped to a three-year low as a fuel duty hike approaches
Labour expected to roll back Conservatives’ 5p duty cut in the autumn statement in first increase since 2011
637
A study finds that London workers are slower to return to the office than those in New York or Paris
Office attendance in UK capital similar to levels in Toronto and Sydney, thinktank finds
532
‘Scandalous’ £3.4bn spent by UK government on private consultants last year
New figures reveal that public bodies paid out at least 60% more to consultancies in 2023-24 than it did pre-pandemic
472
Eton to increase fees to £63,000 due to VAT change
Other private schools say they will absorb some of the cost of the removal of VAT exemption
391
Sainsbury’s to buy 10 Homebase stores and convert them into big supermarkets
First shop in £130m investment to open next summer as questions raised over DIY chain’s future
513
UK to spend £10.5m on new EU border checks
The government is to provide £10.5m worth of funding to prepare for new EU border checks this autumn.
419
Starmer provides biggest hint yet on which taxes might rise in ’painful’ October budget
Sir Keir Starmer has given a major Downing Street speech about his plans for government ahead of parliament’s return from recess next week, warning of a "painful" budget and "unpopular decisions" to come.
539
Prince Harry’s fight for police protection has cost taxpayers over £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.
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Victims of the UK’s infected blood scandal to begin receiving compensation by the end of the year
Those affected by contaminated blood transfusions and products in 1970s and 80s to finally receive compensation
572
Unite proposes a 1% wealth tax on the super-rich to finance UK public sector pay increases
The demand from Britain’s second biggest union will test truce with Labour at next month’s TUC conference
382
Taxing the rich: UN adopts historic tax reform
After months of debate and pushback from wealthy nations, 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.
543
UK government borrowing in July reached £3.1 billion, surpassing expectations
Figures come amid row between Labour and Conservatives over true state of public finances
532
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
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Winter energy bills in Great Britain could rise to an average of £1,714 a year
Cornwall Insight analysts predict price cap for October until end of December will increase by 9%
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Rail fares could rise by a significant amount next year, adding to the misery for millions of travelers
Commuters and other train passengers could see ticket prices jump by another 3.6% next March, on top of a near 5% rise earlier this year, piling more financial pain on travellers already enduring widespread delays and cancellations
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UK inflation rises to 2.2%, marking its first increase since December
Annual rate in July climbs back above Bank of England target of 2%, ONS figures show
536
Heathrow reports losing 90,000 transfer passengers following new £10 fee
ETA scheme introduced last year by the Conservatives is ‘devastating’ for competitiveness, the airport says
458
New DWP state pension error could cost you £40,000 in retirement if not fixed 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