Clients of collapsed advice firm to have claims examined December 20, 2024 Claims from the collapsed advice firm Tenet will be investigated by the Financial Services Compensation Scheme (FSCS) at the start of next year. Earlier this year, the firm’s administrators said 9,645 clients were “considered as being at higher risk of having received unsuitable advice”. Tenet, which billed itself as the largest independent financial adviser network [...]
Ex-Brazil envoy slams London Mariana dam lawsuit as ‘undermining justice’ December 20, 2024 Brazil’s former Ambassador to the UK has condemned the ongoing legal battle over the BHP disaster in the London High Court
‘Christmas comes early’ as inheritance tax receipts jump on threshold freeze December 20, 2024 The amount of inheritance tax (IHT) brought in by the government ticked up to £600m in November, as frozen thresholds pushed more estates into paying the tax. “Christmas has come early for the government,” said Shaun Moore, tax and financial planning expert at Quilter, with the higher tax receipts allowing the amount the government borrowed [...]
Bitcoin hoaxer Craig Wright convicted of contempt of court December 20, 2024 The man who loudly claimed to be the founder of Bitcoin—only to be exposed in court as anything but—was slapped with a contempt of court ruling by a judge
Harry Potter and the Cursed Child maker remains in the red amid West End troubles December 20, 2024 The company behind the Harry Potter and the Cursed Child stage play remains in the red amid falling sales and show closures, it has been revealed. The joint venture which produces the show across the world has reported a turnover of £41.3m for the year to 31 March, 2024, down from the £45.2m it achieved [...]
UK retail sales rise slightly in November amid concern over golden quarter December 20, 2024 The latest ONS data showed retail sales jumped 0.2 per cent last month, following a 0.7 per cent fall in October.
Government borrowing plummets thanks to rising tax take December 20, 2024 Government borrowing dropped to £11.4bn in November, £3.4bn lower than last year, as higher tax receipts and lower debt interest gave the government a much needed boost. With the lowest November borrowing in three years, the current budget deficit, or amount of borrowing to fund day-to-day public sector activities, also dropped by more than a [...]
Lord Peter Mandelson expected to be named next ambassador to US December 20, 2024 Labour grandee Lord Peter Mandelson is expected to be the next UK ambassador to the US. Lord Mandelson, who served in the cabinets of Sir Tony Blair and Gordon Brown, is poised to be the UK’s next top diplomat in Washington, in a political appointment as President-elect Donald Trump returns to office. The tenure of [...]
New HS2 chief can’t be sorry for £100m bat shed December 19, 2024 Mark Wild said construction of the structure in Buckinghamshire was the "most appropriate" way to "comply with the law."
Bank of England may be forced to prioritise growth in 2025 December 19, 2024 Despite inflation continuing to be a headache for the Bank of England, leading it to hold interest rates today, the central bank may end up being forced to make more cuts than it would like in 2025 to salvage the UK economy. While today’s decision from Andrew Bailey’s Monetary Policy Committee to hold rates had [...]