Banks and building societies will have to do more to look at the impacts of reductions to their services, such as cutting branch opening times, under new proposals from the City regulator. The Financial Conduct Authority said some banks and building societies are not doing enough to understand the impact of the changes they make […]
The UK government is ending the last remaining subsidies for electric cars, arguing it will free up funds to expand the charging network and support other battery-powered vehicles. In a controversial move, the government has closed the £300m plug-in car grant scheme to new orders on Tuesday, the Department for Transport said. The main industry […]
Almost nine-in-ten UK banks or financial services organisations have lost out on green trade finance opportunities, compared with only 56% in Switzerland, new research reveals. With pressure from governments and international bodies for the global trade finance system to incentivise carbon-reduction and sustainability, 90% of financial organisations in Switzerland and 96% in the UK say […]
Furious locals won a landslide victory last night in the first round of a campaign to purge a seaside town of second home and holiday cottage owners. Huge queues former outside polling stations yesterday as Whitby residents voted to end second home ownership in the North Yorkshire resort. Of the 2,228 votes cast, just under […]
Boris Johnson will later publish plans to scrap parts of the post-Brexit deal he struck with the EU in 2020. The PM wants to change the Northern Ireland Protocol to make it easier for some goods to move between Britain and Northern Ireland. But the EU is against the move, saying it would break international […]
Bitcoin has fallen in price against the dollar by more than 15 per cent to below $25,000, its lowest level since December 2020. The world’s biggest cryptocurrency was punished by a sell-off in risk assets after Friday’s surprise US 8.6 per cent inflation jump, to a 40-year high, further heightened expectations of more aggressive tightening […]
The boss of British Airways’ owner Luis Gallego has pointed the finger of blame at the government after weeks of travel chaos have seen cancelled flights and lengthy airport queues. In an interview with The Sunday Times, the airlines chief said the government had to “take some accountability for all this,” referring to the shortage-induced […]
The UK economy has fallen deeper into the red shrinking 0.3 per cent in April as businesses sounded the alarm about a full-blown recession. GDP was down for the second month in a row after a 0.1 per cent dip in March, underlining the ‘Stagflation’ threat as prices soar. Although the strong bounceback from Covid […]
Dragons’ Den star Hilary Devey has died aged 65 after battling a ‘long illness’, her publicist confirmed today. The Bolton-born multi-millionaire entrepreneur passed away at her holiday home in Morroco on Saturday night. She joined BBC Two programme Dragons’ Den in 2011 and left in 2012, going on to present Channel 4’s The Intern. Hilary, […]
The housing market is showing signs of cooling, Halifax has said, as households face a squeeze on their finances. The mortgage lender said that while house prices continued to climb in May, with prices up 10.5% in 12 months, this was slowest rate of growth since the start of the year. The rise meant the […]