Financial news

• Average annual energy bill to rise to £1,849 in Great Britain from April

  25-02-2025 16:04 via theguardian.com
  
  Ofgem’s bigger than expected £111 rise is third consecutive increase in energy price capBusiness live – latest updatesMillions of homes will face higher than expected energy bills from April after the industry regulator said its price cap would rise by more than £100, increasing for a third consecutive quarter.The energy regulator, Ofgem, said the cap on gas and electricity charges would rise by £111 from April to an average of £1,849 a year for a typical hous
  
  Read more

• Ministers scrap DWP program allowing landlords to tap into tenants’ benefits

  25-02-2025 13:00 via theguardian.com
  Exclusive: Liz Kendall confirms government will no longer back controversial‘computer says yes’ systemMinisters are to scrap a controversial “computer says yes” program that automatically approves landlord requests to deduct hundreds of pounds from tenants’ universal credit benefits without their consent.Last month, a judge ruled that the “click-screen” program used by the Department for Work and Pensions (DWP) to process tens of thousands of deduction r
  
  Read more

• Another red card for TfL over poor penalty system

  25-02-2025 09:30 via theguardian.com
  Even though I submitted proof that my son had paid the two PCNs immediately, the case did not end thereFour months ago, my son used my car and received two penalty charge notices (PCNs) from Transport for London (TfL). He paid for both immediately. A month later I received a letter from TfL stating that no payment had been received and that, as the registered keeper, I was liable.My son’s bank confirmed in writing that the £160 payment had been made and that it was, 41 days later, st
  
  Read more

• Look at Donald Trump and his gang of broligarchs – and tell me we don’t need a wealth tax | Brian Cox

  25-02-2025 09:00 via theguardian.com
  
  I played a fictional billionaire on TV. It’s time world leaders got serious about taxing the real onesBrian Cox played Logan Roy in HBO’s Succession and is a supporter of Patriotic Millionaires InternationalYou could be forgiven for thinking the second coming of Donald Trump was fiction. Unfortunately, it’s not – the threat he and his “broligarchs” bring to people around the world is very, very real. Last month Trump, surrounded by his uber-rich friends,was in
  
  Read more

• Advertisement

• Reeves tax change to sting 74,000 who are set to miss looming deadline

  25-02-2025 07:27 via express.co.uk
  
  A Budget change is coming on April 1
  
  Read more

• Households braced for £85 bill hit in Tuesday announcement

  25-02-2025 07:07 via express.co.uk
  
  Experts forecast a rise of about 5%
  
  Read more

• DWP explains PIP figures as 333,000 claims 'disallowed'

  25-02-2025 07:00 via express.co.uk
  
  Applicants who are turned down can ask for their claim to be looked at again or lodge an appeal
  
  Read more

• DWP slashes benefits for 602,000 claimants in welfare crackdown

  25-02-2025 06:55 via express.co.uk
  
  The Department for Work and Pensions imposed sanctions on 602,000 claimants between November 2023 and October 2024
  
  Read more

• Advertisement

• Major fashion brand to shut 35 stores within days in huge blow to high streets

  25-02-2025 05:46 via express.co.uk
  
  The affordable fashion retailer has been forced to shut dozens of stores amid difficult trading conditions for Britain's high streets
  
  Read more

• UK's worst councils for potholes revealed with some 'not fixed for 18 years'

  25-02-2025 05:00 via express.co.uk
  
  Nearly 80 councils have potholes first reported as far back as 2007 still marked as unresolved
  
  Read more

• Foods in one group including tofu and blueberries could help alleviate IBS

  25-02-2025 03:00 via express.co.uk
  
  Irritable Bowel Syndrome is a common condition that can affect the digestive system
  
  Read more

• Cost of global energy crisis on households in Great Britain ‘to hit £3,000 by summer’

  25-02-2025 01:01 via theguardian.com
  Average annual bill will be about £750 higher than in 2020-21, before Russia-Ukraine war, says campaign groupThe cost of the global energy crisis caused by Russia’s invasion of Ukraine will reach £3,000 for the average British household by the summer, after another expected increase in bills in April.The average annual bill in Great Britain under the latest energy price cap is forecast to be about £750 higher than in the pre-invasion winter of 2020-21, a 75% increase, acc
  
  Read more

Follow @financialnwsUK on Twitter!