47 h. ago HMRC can now seize funds from bank accounts in tax rules update

The Revenue & Customs move will see money taken from accounts to recover unpaid bills - and will now extend to unpaid tax on savings interest, with account holders warned

Economics

3 d. ago The victims left traumatised by Spain's taxman 'extortionists' who are scamming expats: They were loving their new life in the sun... then the threats and bogus claims for thousands of pounds started

Dozens of expats have come forward to share how they have had their tax burden almost doubled overnight after auditors began 'relentlessly' probing their accounts.

Events

3 d. ago Universal Credit claimants could earn at least '£300' with one simple bank switch

The Help to Save savings account is only available to people on Working Tax Credit or Universal Credit - and it could make claimants hundreds of pounds better off

Economics

3 d. ago DWP explains state pension letter about 'directly taking funds' from bank accounts

State pension payments are increasing 4.1% next month

Economics

5 d. ago Cash ISAs: Did Rachel Reeves announce any changes to your savings in Spring Statement?

Rachel Reeves had been tipped to make major changes to the cash ISA system that would see people able to contribute less to their savings accounts with tax exemption

Economics

1 week ago Next UK interest rate cut may not come until August after hawkish Bank of England hold – as it happened

Monetary Policy Committee votes 8-1 to leave UK interest rates unchanged at 4.5%Bank of England says companies freezing hiring plans as it keeps interest rates on holdIn the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employ...

Politics

1 week ago Next UK interest rate cut may not come until August after hawkish Bank of England hold – business live

Monetary Policy Committee votes 8-1 to leave UK interest rates unchanged at 4.5%Bank of England says companies freezing hiring plans as it keeps interest rates on holdIn the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employ...

Economics

1 week ago Bank of England leaves interest rates on hold despite ‘intensifying’ trade war uncertainty – business live

Monetary Policy Committee votes 8-1 to leave UK interest rates unchanged at 4.5%In the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.“We’ve already put in place measures to make ...

Economics

1 week ago Bank of England expected to leave interest rates on hold today; global debt exceeds $100tn – business live

Monetary Policy Committee set to announce interest rate decision at noonIn the property world, Norway’s sovereign wealth fund is buying a quarter of Covent Garden.The Norges Bank Investment Management has entered a partnership with landlord Shaftesbury, and will pay £570m for a 25% stake in the Covent Garden estate.This investment underscores our belief in the strength of London with the portfolio complementing our other high quality West End investments.Covent Garden is one of the world’s most recognised retail, leisure and cultural destinations and we look forward to supporting Shaftesbury Capital’s management team, with their strong track record of delivering the growth potential of this prime West End estate.”“The reforms I have announced will ensure everyone who can work gets the active support they need, including through an extra £1 billion for personalised health, skills and employment support for sick and disabled people.“We’ve already put in place measures to make work pay...

Economics

1 week ago Trump live updates: Judge rules Elon Musk’s DOGE ‘likely violated’ Constitution by shutting down USAID

President and allies round on district court justice overseeing case of alleged Venezuelan gang members flown to El Salvador and accuse him of overstepping his authority

Politics

2 w. ago New call for Council Tax discount for all people over State Pension age

An online petition is calling for State Pension incomes to be taken into account when calculating Council Tax bills.

Economics

2 w. ago Martin Lewis names top Cash ISAs to open now that 'smack the pants' off bank

Personal finance expert urged savers to stop being loyal to their banks and consider moving their money to one of the top Cash ISA accounts before the new tax year starts in April

Economics

2 w. ago DWP fraud investigators to raid properties and seize these electronics

Officials will also be able to directly take funds from people's bank accounts

Events

2 w. ago Federal judge orders Doge to release internal records for transparency

Musk said social media posts were sufficient documentation for agency that is changing face of governmentUS politics live – latest updatesA federal judge has ruled that Elon Musk’s “department of government efficiency” (Doge) must comply with transparency laws and release its internal documents, finding the secretive operation exercises “substantial independent authority” that cannot be shielded from public scrutiny.In a 37-page opinion issued on Monday, US district judge Christopher Cooper ordered Doge – which took over what used to be the White House’s US Digital Service (USDS) – to begin a “rolling” production of records within weeks, rejecting the Trump administration’s attempts to position it beyond the reach of the Freedom of Information Act. Continue reading...

Events

3 w. ago EPA froze 'green bank' funds worth billions, climate group suit says

A nonprofit that was awarded nearly $7 billion by the Biden administration to finance clean energy and climate-friendly projects has sued the Environmental Protection Agency, accusing it of improperly freezing its account

Economics

3 w. ago Barclays app down AGAIN: Customers are unable to transfer funds or access app just days after bank said it would pay out millions in compensation following previous outage

According to Down Detector, the problems started at around 7am GMT, and are affecting users across the UK.

Economics

3 w. ago Who owns Britain? In large part, other countries – and that should set alarm bells ringing | Dhananjayan Sriskandarajah

This mass selling off of assets to foreign investors will lead to economic disaster. Labour needs to reset the UK’s courseIn 1994, I joined a march protesting against how the World Bank and the International Monetary Fund – backed by the US – were forcing governments in the global south to follow what was called the “Washington consensus”.We argued that privatising state assets, deregulating markets, and liberalising financial services to attract external investment was leaving countries more unstable, more unequal and more dependent on foreign actors. Decades on, I am horrified that an approach that wreaked havoc in the global south is still being pursued in the UK.Dhananjayan Sriskandarajah is the chief executive of the New Economics Foundation and author of Power to the People. He is a former chief executive of Oxfam GB and secretary general of Civicus, a global alliance of civil society organisations Continue reading...

Events

3 w. ago Britain is now following a developing country economic model – and we know where that leads | Dhananjayan Sriskandarajah

Selling off assets to foreign owners, deregulating markets, and liberalising financial services only leads to inequality and instabilityIn 1994, I joined a march protesting against how the World Bank and the International Monetary Fund – backed by the US – were forcing governments in the global south to follow what was called the “Washington consensus”.We argued that privatising state assets, deregulating markets, and liberalising financial services to attract external investment was leaving countries more unstable, more unequal and more dependent on foreign actors. Decades on, I am horrified that an approach that wreaked havoc in the global south is still being pursued in the UK.Dhananjayan Sriskandarajah is the chief executive of the New Economics Foundation and author of Power to the People. He is a former chief executive of Oxfam GB and secretary general of Civicus, a global alliance of civil society organisations Continue reading...

Economics

3 w. ago White House plans to expand mass layoffs to IRS and Veterans Affairs

Trump administration looks to axe half up to half of the tax agency’s workforce and fire up to 83,000 workers at the VAUS politics live – latest updatesMass layoffs are being planned for two more vital federal US government agencies as the IRS and Veteran Affairs have emerged as the latest targets of the Trump administration’s unprecedented purge through billionaire Elon Musk’s “department of government efficiency” (Doge), new reports suggest.The IRS is drafting plans to slash its 90,000-strong workforce by up to half through a mix of layoffs, attrition and buyouts, according to the Associated Press. The federal tax collector has offices across the country, with women accounting for 65% of the workforce, while people of color represent 56%. Continue reading...

Society

3 w. ago Gene Hackman cause of death update rules out carbon monoxide poisoning

Home appliances have now been checked and no significant leaks found to back up the theory that Hackman and wife Betsy Arakawa could have succumbed to noxious fumes.

Events