Exclusive: shadow chancellor Rachel Reeves tells how party would ‘start to end the unfairness’ in tax systemLabour has announced plans to raise almost £500m by closing a tax loophole enjoyed by a small number of private equity fund managers.The shadow …
Kwarteng to hold emergency meeting with gas chiefs over price crisis
Business secretary says he will let small suppliers go bust to protect consumers from higher pricesKwasi Kwarteng, the business secretary, will hold an emergency summit with gas industry chiefs on Monday morning in an effort to contain the fallout caus…
Banks Beware? Amazon, Walmart, IKEA Experiment with Their Own ‘Embedded Finance’ Services
“Anyone can be a banker these days,” argues Reuters. All it takes it the right software:
Global brands from Mercedes and Amazon to IKEA and Walmart are cutting out the traditional financial middleman and plugging in software from tech startups to offer…
Energy market crisis: what caused it and how does it affect my bills?
UK wholesale energy markets have hit record highs in recent weeks. Here’s what you need to knowThe UK’s wholesale energy markets have reached record highs in recent weeks. The trouble stems from a global surge in demand for gas following a cold winter …
Majority of UK’s small energy suppliers could be left to collapse this winter
Government would rather protect households than prop up struggling companies, says industry sourceThe majority of the UK’s small energy suppliers could be left to collapse this winter, the Guardian understands, as the government’s crisis talks focus on…
UK workers on the end of furlough: ‘Will it be Amazon, care homes or driving a van?’
The support scheme has proved positive for some, but others will have no jobs to return to. We hear their storiesSince March 2020, 11.6 million UK workers have been furloughed by their employees as a result of the Covid pandemic, with the government pa…
Five-star to no-star: holidaymakers face nightmare in quarantine hotel
When one member of a family tested positive for Covid on a sunshine break to Greece, they had to move out of their luxury hotel to a cockroach-infested roomYulia Brill’s £4,500 package holiday on the Greek island of Rhodes turned into a nightmare on ju…
Business minister bids to calm crisis fears as UK gas prices soar
No cause for alarm now, says Kwasi Kwarteng as energy discussions are likened to early Covid crisis talksThe government was scrambling on Saturday night to reassure Britons that rising gas prices would not plunge the country into an energy crisis, as m…
The surge in ‘buy now pay later’ – and why we should be worried
Fintech firms are jostling to offer millennials interest-free payment plans as they shop online. Retailers love it of course, but all this unregulated lending is ringing alarm bellsShoppers tempted by Boohoo’s bestselling satin skater dress are bombard…
Divorce settlements must change to make pension-sharing fairer, say experts
Urgent calls come as research reveals huge gaps in pension wealth between men and womenDivorce settlements should be urgently reformed to put pension sharing at their heart, experts have said after a major piece of research has revealed huge gaps in pe…