Source close to Rishi Sunak accuses business secretary of ‘making up’ talks with chancellor about supportThe Treasury has issued an extraordinary reprimand to the business secretary, Kwasi Kwarteng, after he suggested he was consulting the chancellor, …
Amid the petrol crisis, is it time to switch to an electric car?
With running-cost savings available, motorists are increasingly keen to go greenAs some petrol stations ran out of fuel and queues of cars lined up outside those that did have stocks, causing lengthy waits for motorists waiting to fill up, many drivers…
Hollywood grifter: the actor who took Tinseltown for a Ponzi scheme ride
Zachary Horwitz ran a five-year scam that defrauded wealthy investors of at least $227m by claiming to be in licensing deals with Netflix and HBOIt’s a tale about a Hollywood grifter that reads like an outlandish movie script. But this real-life story …
Analysis: six squeezes on the UK economy from bills to shopping to petrol
Britain is short of 100,000 lorry drivers, energy firms are sinking, food items are running scarce and employers are scrambling for staff as multiple crises eruptMany of the problems facing the economy relate to Britain’s shortage of 100,000 lorry driv…
Energy crisis: Tory MPs join Labour in urging support for heavy industry
Households expected to be hit by massive bills in spring after 250% rise in gas prices since JanuaryInstant bill increases for millions of customers will be held back by maintaining the energy price cap, the business secretary has said, as he resists a…
UK contactless payments limit is rising to £100 – should you be worried?
Some fear overspending or say the change from Friday is ‘a thief’s dream’, but there are safeguardsIt’s a financial revolution that began quietly in September 2007. That is when the first contactless bank cards were introduced in the UK, allowing peopl…
‘Eco’ wood stoves emit 750 times more pollution than an HGV, study shows
Only ecodesign stoves can be legally sold from 2022 – but experts say the standard is shockingly weakNew wood burning stoves billed as more environmentally friendly still emit 750 times more tiny particle pollution than a modern HGV truck, a report has…
Yorkshire building society launches 0.78% rate mortgage
It will track Bank of England’s base rate for two years but cost could go up if Bank moves interest ratesYorkshire building society this week launched a mortgage with a market-leading rate of 0.78% – but the cost could go up if the Bank of England move…
136 Countries Agree To Minimum Corporate Tax Rate
A group of 136 countries have agreed to a global treaty that would tax large multinationals at a minimum rate of 15% and require companies to pay taxes in the countries where they do business. CNN reports: Estonia, Hungary and — most notably — Irelan…
Anyone Seen Tether’s Billions?
A wild search for the U.S. dollars supposedly backing the stablecoin at the center of the global cryptocurrency trade — and in the crosshairs of U.S. regulators and prosecutors. From a report: In July, Treasury Secretary Janet Yellen summoned the cha…