Financial news

• Fraud inquiry launched after foreign pork allegedly sold as British

  29-03-2023 19:05
  
  Farmers Weekly reports that leading UK food manufacturer supplied supermarkets with sometimes rotten meatForeign pork falsely labelled as British appears to have been sold by leading supermarkets, according to a new report released as the Food Standards Agency (FSA) launched an investigation into supply chain fraud.An investigation by the trade publication Farmers Weekly has found that until at least the end of 2020, one of the UK’s top food manufacturers has been selling mislabelled and s
  
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• English students spend a fortune to go to university. Shouldn’t that buy them more teaching and less partying? | Adrian Chiles

  29-03-2023 18:34
  
  The workload was light enough when I was an undergraduate, long before tuition fees. Almost 40 years on, kids are paying through the nose – and for what? There’s a young woman I know in west London who, having bagged excellent A-levels, chose to study in France. While all her friends, similarly qualified, went off to various redbrick British universities, she picked a fashion school in Paris. To my shame, I must admit I thought it all sounded a bit, you know, Mickey Mouse. How wrong
  
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• AI chatbots making it harder to spot phishing emails, say experts

  29-03-2023 18:00
  
  Poor spelling and grammar that can help identify fraudulent attacks being rectified by artificial intelligenceChatbots are taking away a key line of defence against fraudulent phishing emails by removing glaring grammatical and spelling errors, according to experts.The warning comes as policing organisation Europol issues an international advisory about the potential criminal use of ChatGPT and other “large language models”. Continue reading...
  
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• Ovo reportedly planning bid for Shell’s 1.4m household energy customers

  29-03-2023 15:57
  
  Shell takeover would make Ovo second-largest energy supplier in UK market againOvo Energy is reportedly planning to make a bid to buy 1.4 million household energy customers from Shell’s UK supply business as the oil company prepares to leave the retail market.Ovo is expected to put forward a takeover offer that would swell its business to 5.4 million customers, according to Sky News, once again making it the second-largest energy supplier in the UK market. Continue reading...
  
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• UK mortgage approvals rise for first time in six months

  29-03-2023 15:09
  
  Collapse in demand for property may be bottoming out but no return to boom conditions, analysts sayMortgage approvals rose for the first time in six months in February amid signs that the collapse in demand for property seen last autumn might be bottoming out.Figures from the Bank of England showed that home loan approvals rose from 39,647 in January to 43,536 in February – reversing a downward trend in place since August 2022. Continue reading...
  
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• Bank of England calls for tougher pension scheme rules after crisis

  29-03-2023 13:33
  
  Bank wants to avoid repeat of situation that followed Kwasi Kwarteng’s calamitous mini-budgetBusiness live – latest updatesThe Bank of England has called for tougher rules governing pension schemes and major lenders outside the banking mainstream as it seeks to restore confidence in the wider financial system.British banks remain resilient to further financial shocks, the Bank said on Wednesday, but there was greater urgency to make non-bank finance companies that lend trillions of d
  
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• Bupa Dental Care to cut 85 practices amid UK dentist shortage

  29-03-2023 09:52
  
  Decision affecting 1,200 staff follows NHS recruitment struggle and ‘systemic challenges’ for industryBupa Dental Care is to cut 85 dental practices this year in a move that will affect 1,200 staff across the UK, amid a national shortage of dentists and “systemic” challenges across the industry.The private healthcare group said patients at the affected practices had not been able to access the NHS dental service they needed. Continue reading...
  
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• DVLA sent me on a wild goose chase in search of my driving licence

  29-03-2023 08:00
  
  As a wheelchair user I was given a string of inaccessible appointments for an eye testI had to relinquish my driving licence in 2021 following a minor stroke. I received a clean bill of health from neurologists in March last year and the DVLA was notified. It wasn’t until December I was told I needed an eye test. The DVLA insisted I attend Specsavers several miles from my home. I am a wheelchair user, and arrived to find the testing equipment was inaccessible. A branch in another part of t
  
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