EU leaders agree Croatia will become 20th country to start using Euro in January June 24, 2022 European Union leaders have agreed that Croatia will join the group of countries using the euro in January, bringing the number of nations sharing the currency to 20. “The euro is the monetary expression of our shared destiny and has been part of our European dream,” said EU Council President Charles Michel, who chaired a [...]
Energy giant Centrica turns to hundreds of former soldiers in push to greener energy June 24, 2022 Centrica is planning to hire about 500 former soldiers, sailors, and air force personnel by the end of next year as it looks to transition to Net Zero. The energy giant will recruit them into engineering roles across British Gas and the wider group as the company aims to reach Net Zero by 2045. Greg [...]
BT rushes to deny claims that call centre staff have launched foodbank to help them through cost-of-living crisis June 24, 2022 Telecoms giant British Telecom denied this morning a union’s claims that call centre staff have set up a foodbank to help them during the cost-of-living crisis. buThe Tyneside CommunitEE pantry was set up by staff at EE – owned by BT – and offered cupboard staples such as pasta, cereal and oats, as well as [...]
Banking battle for customers heats up as Nationwide introduces 5 per cent interest rate on current accounts June 23, 2022 The battle for customers is increasingly heating up in the UK banking scene with one major current account provider now offering 5 per cent interest on balances up to £1,500 for the first 12 months . Nationwide Building Society previously offered 2 per cent fixed for 12 months on balances up to £1,500 on its [...]
100 days to cash in or spend it: Bank of England warns £14.5bn worth of paper bank notes will soon be withdrawn June 23, 2022 The Bank of England has warned people there are just 100 days to use or return £14.5bn-worth of paper bank notes before they’re removed as legal tender. On 30 September, £20 and £50 notes made from paper will be withdrawn from circulation completely, and replaced with new polymer versions. The warning was given because a [...]
Barclays calls on retailers to help stop mounting BNPL debt crisis June 23, 2022 Barclays has sounded the alarm over rising buy-now pay-later debt today and called on retailers to step up and protect shoppers, warning that 876,000 Brits could be plunged into unmanageable debt this year without intervention.
More than £21bn a year: UK ranks third in Europe for most money lost due to unpaid corporate tax June 22, 2022 The UK ranks third among European countries for the most money lost due to corporate tax abuse on a yearly basis. The European nation that loses the most money to corporate tax abuse is Germany where, on an annual basis, an estimated £27.3 billion goes unpaid. This is followed by France where tax abuse losses [...]
Watchdog set to review fees charged by Visa and Mastercard June 21, 2022 The UK’s top payments regulator has set out plans for two wide ranging reviews of Visa and Mastercard’s operations in the UK today amid concerns over soaring card fees.
Run on Uber and Bolt as demand goes through the roof due to tube and rail strike June 21, 2022 Private hire vehicle firm Bolt’s app seemed to crash in London this morning as demand for its service – as well as rival Uber – went through the roof due to the tube strike. Users are reporting error messages and are unable to order rides at present. Uber denied its app had gone down. Demand [...]
Legal challenge over retail price index changes could cost taxpayer $40bn, analysts warn June 21, 2022 The government could be forced to fork out as much as £40bn in compensation if a legal challenge launched today over the Treasury’s move to recalculate retail prices succeeds, analysts have warned.
