Business

Ofgem demand action from energy firms over back billing Electricity and gas suppliers have been warned they will be fined if they continue to send out bills to customers for money they have no right to collect. The energy regulator Ofgem told BBC’s Money Box that it is writing to chief executives demanding to know … Read more

Britons ‘worry about tax on savings’ amid rumoured Reeves reform to ISAs Britons are turning to cash ISAs with millions “worrying about tax on savings” ahead of potential fiscal changes being implemented by the Labour Government. Chancellor Rachel Reeves is understood to be considering dramatic reforms to cash ISAs that could see the annual tax-free … Read more

U.S. stocks plunge as Trump tariff fears spread among businesses, consumers – National | Globalnews.ca U.S. stocks fell sharply Friday after reports showed that worries among consumers and businesses about President Donald Trump’s policies may be hitting the U.S. economy. The S&P 500 sank 1.7% for its worst day in two months. The Dow Jones … Read more

Coinbase boss claims SEC will drop crypto lawsuit Cryptocurrency exchange Coinbase has claimed that the US Securities and Exchange Commission (SEC) plans to drop a lawsuit against the firm. The US regulator alleged in 2023 that Coinbase had violated laws by offering investments that are subject to its rules, without properly registering. Its boss Brian … Read more

State pension payments face ‘retirement tax’ under Labour as pensioners urged to ‘set aside a bit’ of savings Millions of UK pensioners will be forced to pay income tax on their state pension from April 2026, according to new analysis from Deutsche Bank. The bank’s forecasts suggest the state pension will rise to £12,631 next … Read more

Scotch makers condemn English single malt whisky proposal Plans to allow English whisky makers to use the term “single malt” have led to a backlash by Scottish distilleries and politicians. Under proposals being considered by the UK government, “single malt English whisky” could be used for the spirit made by a single distillery in England. … Read more

Rachel Reeves issues major car tax update for certain vehicle type ahead of April doomsday impacting millions Rachel Reeves has been forced to update the car tax changes guidance for a certain vehicle type amid widespread confusion. In response, HMRC has updated its guidance on the taxation of double cab pick-up trucks, stating that they … Read more