Finance

724
PM declines 12 times to rule out tax rises ahead of next week’s budget
The prime minister has refused to rule out manifesto-breaking tax hikes in next week’s budget while speaking to Sky News’s political editor Beth Rigby.
753
Ofgem price cap rise pushes typical annual bill to £1,758
The Ofgem price cap determines the highest amount you can be charged for the unit rates of gas and electricity, along with the standing charges for being connected to the grid.
701
Government plan could force richer areas to raise council tax
Reports claim that the Government is planning a change that could compel wealthier neighborhoods to increase council tax by depriving them of funding.
725
Prescription fees to stay at £9.90 as government extends price freeze
The price of a single item will remain at £9.90, while three-month and annual pre-payment certificates will also be frozen.
883
Argyll Holidays operator collapses less than four years after £100m sale
A firm which operates eight holiday parks in the west of Scotland has gone into administration.
737
Taxpayers’ Alliance says drinkers pay £200 more a year as alcohol taxes climb
On average, struggling locals are handing over staggering sums to the taxman, according to new data from the Taxpayers’ Alliance.
756
Chancellor Rachel Reeves pledges action as UK inflation slows but food costs climb
The UK inflation rate decreased to 3.6% in the year leading up to October, yet food prices increased once more after a decline in September.
644
Nigel Farage out of step with Reform voters as majority back wealth tax, poll finds
Best for Britain think tank says the figures show Nigel Farage is ’out of step with his base’ on taxation
668
China has invested tens of billions in UK projects, gaining access to military-grade technology
China has financed investment worth tens of billions of pounds in UK businesses and projects this century, some of which provided it access to military-grade technology.
632
Croydon drivers owe over £1.13m in unpaid parking fines as top offenders rack up hundreds of PCNs
Croydon Council is owed more than £1.13 million in unpaid parking fines, with some drivers accumulating hundreds of penalty charge notices (PCNs) without paying a penny.
764
Millionaires leave the UK over rising taxes and end of non-dom rules
Britain’s wealthiest are leaving the country in large numbers and heading to Dubai because the UK’s tax rules have made it an "uncompetitive place to live".
892
Sadiq Khan raises London Congestion Charge and slashes EV discounts
The price increase will start on January 2, and there will be annual increases corresponding to the rise in Tube fares in each following year.
504
Rachel Reeves faces backlash as Budget hike leads to record job cuts
Rachel Reeves’s decision to impose a £25 billion “jobs tax” on employers in last year’s Budget remains her single biggest blunder, and that’s saying something.
603
ONS: UK unemployment climbs above forecasts to 5%
The rate of UK unemployment rose to 5% in the three months to September, the latest ONS figures reveal.
574
Two-child benefit cap to be fully abolished, costing over £3bn
Rachel Reeves plans to completely remove the two-child benefit cap in the November budget, a move that could cost over £3bn but lift 350,000 children out of poverty.
830
HMRC to reassess the suspension of child benefit payments for 23,500 individuals
HMRC is re-evaluating decisions to remove child benefit payments from 23,500 individuals after using their travel data to determine they had left the UK.
1967
Electric car drivers could face new 3p-per-mile tax under Rachel Reeves’s Budget plan
Drivers using electric vehicles (EVs) could face a new pay-per-mile tax in Rachel Reeves’s Budget, according to reports.
763
Average UK home price forecast to hit £440,000 amid housing shortage
The average price of a home in the UK is set to hit £440,000 by 2030, new data has shown.
899
BBC under fire for £18m travel bill as investigation reveals lavish taxi and hotel spending
The BBC has spent over £18m on taxis, hotels, and trains for staff and contributors in just the last three years, an LBC investigation has revealed.
659
Marks and Spencer profits halve after major cyber attack hits online sales
Marks and Spencer’s profits have more than halved after suffering a major cyberattack earlier this year, which led to a more than 40% drop in online home and fashion sales when the company was forced to suspend website orders.
674
Peter Kyle announces £420m energy savings for UK industry — sidesteps tax questions ahead of Budget
Business Secretary Peter Kyle has pledged his support for British industries with an announcement of £420 million energy savings but declined to comment on whether they would face tax rises in the upcoming Budget.
737
Law firms call FCA’s car loans compensation plan “unfair and hypocritical”
Victims of the car loans scandal could miss out on more than £4bn in compensation if the City regulator proceeds with plans for an “insulting” interest rate in its redress scheme, consumer groups and claims firms say.
609
Two councils fund £10m River Lea footbridge to be built by 2027
A long-hoped-for footbridge across the River Lea could be built in 2027 – after nearly £10million was put up by two councils to fund it.
723
UK pledges extra £5 million in aid for Caribbean recovery after Hurricane Melissa
The UK government will provide an additional £5 million in emergency humanitarian funding to support the Caribbean region’s recovery from Hurricane Melissa.
754
Disabled people fear budget cuts could hit Motability car scheme
People with disabilities are "deeply concerned" that they might experience financial difficulties due to speculation that Chancellor Rachel Reeves might announce changes to the Motability car-lease scheme in the upcoming Budget next month.