FCA warns Brits to seek help as soon as possible over financial troubles July 6, 2022 The financial regulator has urged Brits to seek help as soon as possible if they are facing financial difficulties amid the spiralling cost of household bills. Research has suggested that many borrowers are missing out on available support, the Financial Conduct Authority (FCA) said on Wednesday. Half of those borrowers in financial difficulty who waited [...]
Exclusive: Energy efficiency measures sorely missed from security bill, says Good Energy boss July 6, 2022 The Government has failed to include key measures which could provide significant help for households in its Energy Security Bill says Good Energy.
UK mental health crisis sends disability benefits bill soaring, IFS says July 6, 2022 The UK’s mental health plight has led to a rise in disability benefits spending as claims increased. Research by the Institute for Fiscal Studies today showed that the number of people on disability benefits rose to 6 per cent of the working age population in 2020-2021, at 2.2m, with spending soaring by 70 per cent. [...]
London markets bounce back after bruising European sell off July 6, 2022 London markets bounced back today from a bruising session earlier in the week as investors pared back their concerns over some of their world’s top economies dropping into recession and shrugged off drama at Downing Street. The capital’s premier FTSE 100 index surged 1.17 per cent to 7,107.77 points, while the mid-cap domestically-focused FTSE 250 [...]
Bitcoin blackmail trial held up July 6, 2022 A TRIAL involving a man accused of blackmailing a gene and cell therapy company for Bitcoin worth £300,000 has been held up.
French energy firm EDF set for state takeover July 6, 2022 The French government has revealed plans to fully nationalise troubled energy firm EDF - sending shares in the debt-laden power utility sharply higher.
Delayed: Ministers postpone decision on first new coal mine in 30 years July 6, 2022 The government has postponed a decision over whether to approve a new coal mine for steel production in Cumbria.
Environmental campaigners sue KLM over greenwashing claims July 6, 2022 Environmentalists have filed a lawsuit against Dutch carrier KLM over claims of greenwashing. Fossil-free campaign Fossielvrij NL, supported by EU environmental law charity ClientEarth, submitted the claim in an Amsterdam court today. According to the lawsuit, KLM’s Fly Responsibly campaign breaches the EU’s Unfair Commercial Practices Directive, misleading customers into downplaying the airline’s contribution to [...]
UK competition watchdog opens EU copycat investigation into Amazon July 6, 2022 The UK competition watchdog launched an investigation into whether Amazon has a dominant market position this morning and if it was abusing this power. The Competition and Markets Authority’s (CMA) probe will hinge on whether the US giant is giving an unfair advantage to its own retail business or sellers, compared to other third-party sellers [...]
Government amends windfall tax as energy body warns of supply shocks this winter July 6, 2022 The Government has made several amendments to the Energy Profits Levy, with industry bodies calling for further changes ahead of winter.
