38 h. ago Pensions report cuts Reeves’ planned growth funds from £160bn to £11bn

Chancellor had anticipated surpluses from final salary schemes would boost investment in UK economyPlans to invest £160bn of surplus funds from final salary pension schemes to boost the UK economy over the next 10 years have been dealt a blow by a Whitehall assessment that found there was likely to be little more than £11bn available to spend.In a knock to Rachel Reeves’s growth agenda, a report by civil servants at the Department for Work and Pensions (DWP) found that the expected surpluses in occupational schemes would be used by businesses to offload their pension liabilities to insurance companies. Continue reading...

Economics

3 d. ago Republican senators question cost of Army’s parade spectacle set for Trump’s birthday

The parade is estimated to cost between $25 million and $40 million.

Politics

4 d. ago Liverpool transfer news: Florian Wirtz hint offered as Luis Diaz contract decision made

Liverpool continue their pursuit of Florian Wirtz but the German is set to cost huge sums whilst a decision is also made on the future of Luis Diaz with his contract winding down

Politics

6 d. ago One key reason flights are set to get cheaper, according to airline bosses

Flights are set to drop in price as the cost of kerosene fuel, used to power planes, falls. One air boss said the price of fuel 'tends to have an impact on pricing'

Politics

6 d. ago Millions of Universal Credit claimants set for bigger payments from this week

The annual uprating to benefits took place on April 7 with Universal Credit payments increasing by 1.7% - however, the higher rates only apply to Universal Credit assessment periods that started on or after that date

Economics

7 d. ago The double council tax loophole that will cost councils £334million

Second home owners dodging the double council tax bill is set to cost local authorities £334million.

Economics

9 d. ago ALEX BRUMMER: Fred Goodwin's ghost still stalks financial corridors

Politics explains why the Government held on to the NatWest stake for so long. No politicians, Labour or Tory, wanted blame for losing taxpayer cash.

Politics

1 week ago Fred Goodwin coins in £600k a year pension as final RBS sale set to cost taxpayers £10bn

The UK taxpayer is line for a £10bn loss when the former RBS group is finally returned to full private ownership this week.

Economics

2 w. ago Ofgem set to lower energy price cap with £129 drop in household bills

The price cap is currently set at around £1,849 for a typical household after three consecutive increases in bills.

Economics

2 w. ago Is this the future of travel? Low cost airlines set to launch standing only seats

It's a money-saving move to that's sure to divide holidaymakers - but several budget airlines are reportedly set to introduce standing-only seating options, potentially as early as next year.

Politics

2 w. ago GTA 6 delay cost revealed as games industry set to lose staggering amount

Grand Theft Auto 6 has been delayed to May 2026, and it could cause a huge drop in anticipated spending in the games industry, rising to more than $2.5 billion dollars

Sport

2 w. ago Marks & Spencer blames ‘human error’ as cyber attack set to cost £300m

The high street retail giant halted orders on its website and saw empty shelves after being targeted by hackers around the Easter weekend.

Economics

2 w. ago Marks & Spencer says cyber attack disruption set to cost £300m and last to July

The high street giant halted orders on its website and saw empty shelves after being targeted by hackers around the Easter weekend.

Economics

3 w. ago DWP, HMRC payments set to be issued early due to the bank holiday

The Spring bank holiday is recognised across the UK, which means most payments due on May 26 will arrive on Friday, May 23

Economics