Financial news

• Nice auction, but Ed Miliband is still a long way from his 2030 targets for offshore wind | Nils Pratley

  03-09-2024 19:55 via theguardian.com
  
  Arithmetic over capacity does not add up, with supply chains a constraining factor Renewable energy auction secures enough power for 11m UK homesIt was a “record-setting auction” and “a significant step forward in our mission for clean power for 2030”, trumpeted the energy secretary, Ed Miliband, enjoying the contrast with last year’s auction flop under the Tories in which precisely zero bids were received to build offshore windfarms.Miliband was claiming credit whe
  
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• The Guardian view on poverty in Britain: desperation in plain sight | Editorial

  03-09-2024 19:30 via theguardian.com
  New Trussell Trust research is both alarming and shaming. Labour cannot defer action while waiting for an economic upturnOne of the greatest achievements of the Labour governments in office from 1997 to 2010 was to significantly reduce levels of poverty in Britain. Over the course of 13 years, a combination of measures took 2.5 million children and 7 million adults out of absolute poverty. These were stellar, transformative figures. But that was then.Were existing benefit policies to be mai
  
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• DT Cloud Acquisition Corporation Signs Letter of Intent for a Business Combination

  03-09-2024 14:41 via globenewswire.com
  
  New York, New York, Sept.03, 2024(GLOBE NEWSWIRE) -- DT Cloud Acquisition Corporation (Nasdaq: DYCQU, DYCQ, DYCQR) (the “Company”) today announced that it has entered into a non-binding letter of intent (“LOI”) for a business combination with Shanghai Maius Pharmaceutical Technology Co., LTD (“Shanghai Maius”). Founded in 2015, Shanghai Maius is a biopharmaceutical R&D company focusing on innovative formulations and targeted small-molecule chemical drugs.
  
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• The mouldy, ant-infested flats that prove why MPs should never be landlords | Ben Smoke

  03-09-2024 13:00 via theguardian.com
  
  This conflict of interest was highlighted again by the Jas Athwal scandal and badly needs to be addressed by LabourAwaab Ishak was just two years old when he died from respiratory failure in December 2020. Two years later a coroner concluded that Awaab’s tragic death was the result of black mould riddled throughout the Rochdale social housing flat where he lived. After the verdict, and a campaign by his parents with the Manchester Evening News and housing charity Shelter, the then Conserva
  
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• Furniture to assemble? There’s an app for that – because no one wants to do anything for themselves any more | Rachel Connolly

  03-09-2024 12:00 via theguardian.com
  
  We can now endlessly outsource our small tasks, from shopping to DIY. But I really would rather do them myselfA few months ago I saw an excellent fight at my local jeweller. The owners, as well as much of the clientele, are big characters. Spats often break out. This time a customer demanded a written statement that the necklace she had brought in would be stored in a safe. The jeweller told her they don’t provide this, and so the customer grew irate. “You don’t trust me, is th
  
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• Most working families on universal credit struggle to buy essentials, research shows

  03-09-2024 08:00 via theguardian.com
  
  The Trussell Trust has called for urgent action after half of people on low-income benefits ran out of food in last monthThe UK’s poorest households face another winter of hardship, charities have warned, as research showed two-thirds of working families on universal credit are struggling to afford food, energy and other essentials.The Trussell Trust, the UK’s biggest food bank network, called for urgent action after revealing that half of people on universal credit – the UK&rs
  
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• An O2 ‘agent error’ has taken my phone number and put my life on hold

  03-09-2024 08:00 via theguardian.com
  
  It disconnected my mobile number and I was left without it for nearly a monthWhen O2 transferred my pay-as-you-go phone service to a pay-monthly contract, an agent wrongly deactivated the number. It says the number will be given away to another customer if they can’t fix the issue within 30 days. I’ve had the number for more than 20 years, since I was 13. Over three weeks I’ve spent nine hours on 14 phone calls with at least 20 people on different continents, none of whom seem
  
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• UK electric car drivers should be charged per mile, say campaigners

  03-09-2024 06:00 via theguardian.com
  
  Rachel Reeves should reform vehicle taxes to fill £5bn ‘black hole’, says Campaign for Better TransportCampaigners have called on the chancellor to introduce a controversial pay-per-mile road charging scheme on electric cars, warning of a £5bn “black hole” in tax revenues from motoring.In a letter to Rachel Reeves, the Campaign for Better Transport (CBT) urged her to reform vehicle taxes, with fuel duty poised to dwindle in the coming decade as petrol and dies
  
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• The arrest of Telegram’s founder, and what it means for social media – podcast

  03-09-2024 06:00 via theguardian.com
  
  The arrest of Telegram’s founder and CEO in Paris last month has thrown the spotlight on the messaging app and its approach to content moderation. Madeleine Finlay hears from Russian affairs reporter Pjotr Sauer and technology journalist Alex Hern about how the case could influence how social media companies approach problematic content on their platformsClips: Global News, NBC News‘Internet prophet’: arrest of Telegram CEO could strengthen heroic image Continue reading...
  
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• 7 day warning issued over DWP benefit which could see £3,900 paid into account

  03-09-2024 05:25 via express.co.uk
  
  Up to 880,000 pensioners could be missing out on this cash boost worth on average up to £3,900 per year.
  
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• Experts slam ‘deeply unfair’ potential state pension age change to 71 sooner than expected

  03-09-2024 01:59 via express.co.uk
  
  The state pension age is currently scheduled to increase to 68 between 2044 and 2046, but some experts warn it could rise to 70 before 2050
  
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• UK retail sales pick up as shoppers seek picnic and barbecue food

  03-09-2024 01:01 via theguardian.com
  Sales of clothing and gardening products also leap but furniture and household appliances continue slideWarmer weather lifted retail sales growth in the UK last month as shoppers grabbed grub for picnics and barbecues and kitted out their wardrobes with new outfits.The turnaround was driven by food and the total amount spent in shops rose 2.9% in the three months to the end of August, up from 2.6% reported the month before. Continue reading...
  
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• Manchester named top hotspot for first-time buyers in Halifax study

  03-09-2024 01:01 via theguardian.com
  
  Research covering UK outside Greater London places city ahead of Slough, Sandwell and othersManchester has been named the “first-time buyer capital of Britain” after data revealed that those taking their first step on the property ladder accounted for 75% of home purchases made in the city with a mortgage last year.The research from the mortgage lender Halifax may also provide fresh evidence of how high house prices in London are forcing growing numbers of would-be capital dwellers t
  
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