Financial news

• Sharp rise in county court judgments against consumers

  06-02-2017 18:02
  
  Official figures show 24% increase in CCJs, applied for by companies against customers who fail to repay money owed, in 2016The number of county court judgments (CCJs) registered against consumers has hit a record high, according to official figures that show that an increasing number of people will have problems getting a mortgage, credit card or bank account in the future.A CCJ is a type of court order in England, Wales and Northern Ireland that any company can apply for a court to register ag
  
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• Crackdown on tech platforms will go ahead despite US intervention, says No 10

  09-06-2026 19:47 via theguardian.com
  US embassy came out against UK’s proposed under-16 social media ban, which would affect American firmsWhite House displeasure over the prospect of an under-16 social media ban will not deter the UK from cracking down on tech platforms, the British government has said.The technology secretary, Liz Kendall, told the Guardian she was not concerned “in the slightest” by the Trump administration’s intervention in the debate over restrictions, after the US embassy in London pos
  
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• UK’s biggest retailers urge government to act on youth unemployment

  09-06-2026 17:50 via theguardian.com
  Bosses of M&S, Sainsbury’s and Tesco among those writing to Starmer that the ‘ladder of opportunity’ is wobblingWe would like to hear from young people in the UK about their job-hunting experiencesSome of the UK’s biggest retailers are planning to write to the prime minister urging him to tackle the youth unemployment crisis, with signatories expected to include the bosses of Marks & Spencer, Sainsbury’s and Tesco.Lobby group the British Retail Consortium sa
  
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• Former Burberry boss leads rescue mission for Burleigh Pottery

  09-06-2026 17:24 via theguardian.com
  175-year-old Stoke-on-Trent company says Christopher Bailey’s investment will ensure continued productionChristopher Bailey, the fashion designer who turned the British trenchcoat maker Burberry into a global brand, has acquired the Stoke-on-Trent company Burleigh Pottery along with a small group of private investors.The ceramics company, founded in 1851 and best known for its intricate floral designs, said Bailey’s investment would ensure that production of its cups, saucers and pla
  
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• Palantir to sue Sadiq Khan over blocked £50m Met police contract

  09-06-2026 17:13 via theguardian.com
  US spy-tech company to challenge London mayor’s intervention after he raised concerns over breach of procurement rulesPalantir intends to sue the London mayor, Sadiq Khan, after he blocked a contract between the US spy-tech firm and the Metropolitan police.The Met had planned to use Palantir’s software to automate intelligence analysis in criminal investigations, until Khan intervened in late May, sparking a row between the UK’s largest police force and the mayor’s office
  
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• UK watchdog to look at Paramount’s $110bn takeover of Warner Bros Discovery

  09-06-2026 16:53 via theguardian.com
  Deal to create a streaming and sports powerhouse will be scrutinised by Competition and Markets AuthorityThe UK competition watchdog has opened an investigation into Paramount Skydance’s $110bn (£82bn) takeover of Warner Bros Discovery (WBD).The deal will create a media powerhouse controlling assets including the Paramount and HBO Max streaming services, Channel 5 and TNT Sports, which broadcasts Champions League, Premier League and the Olympics, the Hollywood studios behind franchis
  
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• Delays from new EU border system may not ‘stabilise’ for two years, official says

  09-06-2026 15:28 via theguardian.com
  Fears that EES checks requiring personal information and biometrics will cause summer of travel chaos in EuropeBusiness live – latest updatesThe new EU border system that has triggered hours-long delays at big airports may not “stabilise” for two years, an official has warned.Uku Särekanno, a director of the EU border agency Frontex, said some member states were “struggling” to adopt the entry/exit system (EES), which requires passengers from non-EU countries t
  
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• Car finance payouts could be delayed by years over legal challenges, says FCA

  09-06-2026 15:15 via theguardian.com
  Complaints-led approach could pile £6bn of extra costs on to lenders, says City watchdogBusiness live – latest updatesThe City watchdog has warned that a wave of legal challenges to the compensation scheme for victims of the motor finance scandal could leave drivers waiting three more years for payouts, while piling £6bn of extra costs on to lenders.Bosses at the Financial Conduct Authority (FCA), who have consistently hit out at lenders and a consumer claims group for challeng
  
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• GSK makes biggest ever acquisition with $10.6bn for US cancer drug firm

  09-06-2026 14:49 via theguardian.com
  Nuvalent’s late-stage lung cancer treatments zidesamtinib and neladalkib are expected to launch later this yearBusiness live – latest updatesGSK’s new boss, Luke Miels, has struck one of the British drugmaker’s biggest deals, announcing the $10.6bn (£7.9bn) acquisition of a US cancer specialist with two late-stage medications.The FTSE 100 company is increasing its oncology portfolio by agreeing to buy Nuvalent, a Boston-based biotech company that develops cancer dru
  
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• BT Digital Voice switched off our vital phone line

  09-06-2026 14:47 via theguardian.com
  The line is vital for our elderly relative’s care, but after 20 calls BT seems unable to resolve the problemMy elderly aunt, who lives alone, has been unable to receive incoming calls for more than two months after BT switched her analogue service to Digital Voice.Her care is overseen by a rota of relatives who check on her and arrange medical appointments and in-home help. Continue reading...
  
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• Amazon’s main UK arm handed £7.6m tax credit as profits soar to £355m

  09-06-2026 14:15 via theguardian.com
  Tech company received infrastructure relief as its five biggest UK divisions generate £32bn in revenuesAmazon’s main division in the UK was handed a £7.6m tax credit last year by HM Revenue and Customs, despite profits at the retail-to-streaming company surging by more than a quarter to £355m.Amazon UK Services – which employs 66,000 staff, the vast majority of the company’s 75,000 employees in Britain – said it owed £9.1m in “current tax&rdq
  
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• Bank of England warns of AI scams as deepfakes of Farage-Bailey fight spread

  09-06-2026 13:01 via theguardian.com
  Governor urges people to report videos on X that falsely show the men clashing in the Question Time studio The Bank of England has warned the public against falling for AI-generated scams after deepfake videos of Nigel Farage fighting its governor spread online.Andrew Bailey, the head of the BoE, said AI-generated content related to central banks was spreading and urged people to be “vigilant”. Continue reading...
  
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• Think Musk the billionaire was bad? Brace yourself for Musk the trillionaire | Arwa Mahdawi

  09-06-2026 13:00 via theguardian.com
  Becoming the world’s first trillionaire is only going to supercharge this sense of impunity and bring us one step closer to full-blown oligarchy“Whoever said ‘money can’t buy happiness’ really knew what they were talking about,” Elon Musk wrote in February on Twitter/X, the social network he bought for $44bn. He capped the statement with a sad face emoji.Alas, Musk’s information is outdated. A 2024 study found a substantial difference in happiness betwee
  
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• BYD and Alibaba among big names aiding China’s military, Pentagon says

  09-06-2026 12:06 via theguardian.com
  Updated Pentagon list includes swathe of China’s top technology firms in move that could inflame tensions between the countriesThe US added Chinese e-commerce company Alibaba, internet search provider Baidu and carmaker BYD to a list of companies it believes are aiding Beijing’s military, in a move that could inflame tensions between the countries.The long-awaited update released on Monday supersedes a list from early 2025, and comes less than a month after Donald Trump met China&rsq
  
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• The British food scene was booming. Why has it suddenly gone bust?

  09-06-2026 11:00 via theguardian.com
  Once mocked internationally, the UK became a gastronomic hotspot in recent decades – London was hailed as the foodie capital of the world. Now many Michelin-starred restaurants have closed and the rot is spreadingIt’s 9am on a weekday morning and although I’ve just finished my porridge, the chef Richard Wilkins is making my mouth water. “My signature dish is soft Scottish langoustines wrapped in very thin, crispy pastry, served with Japanese sushi rice and a langoustine b
  
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• EU quota system ‘could kill Ukrainian steel industry’, boss says

  09-06-2026 08:00 via theguardian.com
  Protectionist measures will deal blow to country’s budget as it defends itself against Russia, says Metinvest chiefNew EU limits on steel imports could destroy Ukraine’s industry and deal a big blow to the country’s budget as it defends itself against Russia, according to the head of its biggest steelmaker.Yuriy Ryzhenkov, the chief executive of Metinvest, said the new EU quota system due on 1 July could “kill the Ukrainian steel industry”. Continue reading...
  
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• NS&I issues statement over Premium Bonds account change rules

  09-06-2026 03:33 via express.co.uk
  Major changes to the Premium Bonds scheme are just weeks away
  
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• Blow for Reeves: UK unemployment set to jump as economic growth forecast slashed

  09-06-2026 02:56 via express.co.uk
  The Confederation of British Industry warns that around 200,000 more Britons are on track to become unemployed, with UK unemployment forecast to rise to 5.5%.
  
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• Martin Lewis warning over 'big' tax issue that 'every employee' should check

  09-06-2026 02:08 via express.co.uk
  He warned that 'mistakes can happen' when it comes to your tax
  
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• Boost for millions as expert gives Bank of England 'this month' update

  09-06-2026 01:44 via express.co.uk
  The Bank's official inflation target remains 2%
  
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• Pilot ‘hyperlocal’ job support scheme in England shows promising signs of effectiveness

  09-06-2026 01:01 via theguardian.com
  Government-funded JobsPlus trial in 10 neighbourhoods could be scalable nationwide, evaluation showsWe would like to hear from young people in the UK about their job-hunting experiencesA government-funded pilot of “hyperlocal” job support in 10 neighbourhoods across England has shown “promising early signs of effectiveness”, including for young people, and could be scalable nationwide, a new evaluation has shown.The JobsPlus scheme, backed by the Department for Work and P
  
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• UK bank launches ‘enticing’ 5% interest account - but only for a limited time

  08-06-2026 23:53 via express.co.uk
  Savers need to be quick to snap up the new deal.
  
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• DWP confirms when state pension and Universal Credit payments will end for claimants

  08-06-2026 23:08 via express.co.uk
  The DWP has explained how State Pension and Universal Credit payments are stopped after a claimant dies
  
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• Fighting Amazon made Chris Smalls a celebrity: 'My life changed' – Stateside with Kai and Carter

  08-06-2026 23:00 via theguardian.com
  In 2022, Amazon workers at a fulfillment center in Staten Island made history by voting to form a union. Their leader was fired Amazon worker Chris Smalls, who became something of a celebrity within the labor movement. Smalls left the union amid internal tensions, and has gone on to become a freelance activist since. He speaks with Kai Wright about being arrested while protesting the Jeff Bezos-funded Met Gala, and why courting attention is an effective form of activism. Smalls’ new book W
  
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• Sainsbury's introduces £13.21 rule in all UK stores - started in March

  08-06-2026 22:48 via express.co.uk
  The supermarket giant was among various major retailers that upped hourly pay this year.
  
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• State pension triple lock future in doubt as Labour MPs 'plot axe'

  08-06-2026 22:01 via express.co.uk
  A growing number of Labour MPs believe the triple lock guarantee 'isn't working' and is 'costing too much money', according to reports.
  
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• Israel and Iran trade strikes: what does this mean for peace deal? - The Latest

  08-06-2026 19:49 via theguardian.com
  The Iranian regime has announced the end of attacks against Israel, while the US president has claimed both sides ‘want a ceasefire’. This comes after Iran and Israel attacked each other’s territory for the first time since a fragile ceasefire took effect in April. The Israeli strikes are in apparent defiance of Donald Trump, who told Israel’s prime minister, Benjamin Netanyahu, not to retaliate against Iran, in order to avoid derailing peace talks. Nosheen Iqbal speaks t
  
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• The Guardian view on children and the internet: rolling back big tech’s untrammelled power | Editorial

  08-06-2026 19:29 via theguardian.com
  A belated change of policy on nude digital images of children must be part of a wider resetAmid the flurry of resignations by ministers who said they had lost confidence in Sir Keir Starmer’s leadership, Jess Phillips’s attack on his record on tech regulation stood out. “Over a year ago I presented solutions, long worked on by brilliant civil servants, that would end the ability for children in the UK to take naked images of themselves,” she wrote. The
  
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• Nationwide nearly doubles CEO’s pay packet to £4.7m despite bonus row

  08-06-2026 17:36 via theguardian.com
  Debbie Crosbie receives £3.2m in bonuses after mutual building society’s takeover of Virgin MoneyNationwide building society has nearly doubled the pay packet of its chief executive, Debbie Crosbie, a year after the board pushed through a controversial bonus scheme for its top boss.The mutual, which is owned by its members, released its annual report on Monday, showing Crosbie was handed £3.2m in bonuses – a combination of payouts for annual and longer-term performance &n
  
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• Rachel Reeves stupidly just blew up the economy - Andy Burnham will be hopping mad

  08-06-2026 17:00 via express.co.uk
  Rachel Reeves has spent all the money. And that's bad news for Andy Burnham.
  
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