MPs are set to scrutinise the Treasury’s plans to make the UK the “global home of crypto” in a fresh inquiry into the wider crypto and digital assets sector, launched today. The Crypto and Digital Assets All Party Parliamentary Group (APPG), chaired by Scottish National Party MP Lisa Cameron, announced the inquiry today and said […]
The UK’s top financial watchdog sounded the alarm over rising fraud rates today as scammers look to swoop on vulnerable consumers amidst a cost of living crunch. In a statement this morning, two Financial Conduct Authority chiefs said fraud rates were climbing across the board, with loan fee fraud – where scammers ask people to […]
Gordon Ramsay’s restaurant empire has reported almost £12m in losses and cut almost 300 staff because of closures and restrictions during the Covid-19 pandemic as the businessman warned of the potential impact of soaring inflation and rising bills on restaurant dining habits. The celebrity chef runs or owns a stake in 35 restaurants in the […]
Travel to Europe was given a boost yesterday as the European Union quietly delayed its plans to tighten entry rules. Brussels had been preparing to roll out a new European Travel Information and Authorisation System (ETIAS) from May 2023, but this has now been delayed until November. However, the long-awaited Entry/Exit System (EES), which will […]
Farmers are painting the horns of their sheep to thwart thieves as a report finds that rural crime has risen by 40 per cent in a year. The cost of living crisis may be contributing to an increase in rustling, a report by the National Farmers’ Union (NFU) found amid fears that meat is being […]
The problematic transition to electrification amid continuing pandemic- related supply chain disruption has seen deliveries at Mini, the carmaker that produces the majority of its vehicles at the Cowley plant in Oxford, drop by more than a fifth. The news came as its parent company, the German giant BMW, warned of a deteriorating outlook for […]
Poundland, the discount retailer, is cutting the price of 1,000 products and opening 25 more stores as inflation hits household finances. The store plans include new outlets on high streets, retail parks and the latest in the pilot of the Poundland “local neighbourhood stores”. Up to 15 additional new shops and relocations are in the […]
More than one in ten adults have stopped contributing to their company pension or are planning to stop because their incomes have been squeezed by the cost of living crisis. About 5 per cent of adults have ended contributions into their pension pots to save money as inflation hits a 40- year high of 9.4 […]
The UK economy rebounded in May after shrinking in April and March, official figures show. The economy grew by 0.5% during the month, the Office for National Statistics (ONS) said, higher than the flat growth most economists expected. Every area of the economy expanded including construction, travel and manufacturing. However, businesses reported that higher running […]
House prices are continuing to rise despite the growing cost of living crisis. The Nationwide said prices climbed 11% in the last 12 months, although the rise over the last month was just 0.1%. “The housing market has retained a surprising degree of momentum,” said Robert Gardner, Nationwide’s chief economist. But he said that there […]