bbc.co.uk
New vape tax made me swap e-cigs for dartboards
A vape shop in Bracknell is diversifying its product range to include darts equipment in anticipation of a new Vaping Product Duty set to be imposed from April 2027.
United Kingdom
Stories tagged “United Kingdom.”
30 stories
bbc.co.uk
New free repair shop to launch in Oxford
A new free repair shop is set to launch in Oxford's Jericho area, offering residents help with fixing bikes, electrical items, computers, and clothes to promote sustainability.
theguardian.com
Gordon Ramsay’s UK restaurants stay in red despite sales topping £100m
Gordon Ramsay's UK restaurant arm narrowed its losses to £5.8m last year, despite achieving record sales of almost £101m for the first time, driven by new openings and a Netflix documentary.
bbc.co.uk
UK diesel price hits £2 a litre for first time, RAC says
The average price of diesel in the UK has surpassed £2 a litre for the first time, according to the RAC, driven by ongoing disruptions from the Iran war and other global conflicts.
decrypt.co
Spanish Police Arrest 16-Year-Old Accused of Running KillSec Ransomware Group
Spanish police arrested a 16-year-old Romanian national in Alicante, suspected of being the main operator of the KillSec ransomware group, as part of an international operation.
theguardian.com
New UK homes in flood-risk areas could become uninsurable, says Aviva boss
Aviva's CEO, Amanda Blanc, warns that new homes built in UK flood-risk areas could become uninsurable due to increasing climate-related flooding, impacting homeowners' ability to secure mortgages or sell properties.
theguardian.com
LV= insurance is ignoring us while our house literally falls apart
A family in London is living in a collapsing home due to years of delays and alleged cost-cutting by LV= General Insurance on a subsidence claim lodged in 2023.
bbc.co.uk
Aldi boss says some loyalty discounts 'dupe' customers
Aldi's UK chief executive, Giles Hurley, has criticized rival supermarkets' loyalty discount schemes, claiming some 'dupe' customers with unrealistic initial prices before reductions. Aldi remains the only major chain without such a scheme, focusing instead on everyday lo…
bbc.co.uk
UK diesel price hits all-time high, the RAC says
UK diesel prices have reached an all-time high of 199.18p per litre, according to the RAC, driven by ongoing conflict in the Middle East disrupting global oil supplies. This surge means filling an average family car with diesel now costs £110.
theguardian.com
Labour’s modest reheat of help to buy is worth a try | Nils Pratley
Labour is launching 'Your First Home,' a revamped help-to-buy scheme, to stimulate the struggling housebuilding sector by reducing first-time buyer deposits to 2.5%. The policy aims to boost housing supply despite current high interest rates and past criticisms of similar…
The United Kingdom suspects Iran's hand is behind the attempted attack on a military base
elpais.com
The United Kingdom suspects Iran's hand is behind the attempted attack on a military base
British authorities foiled a suspected terrorist attack on the Fairford air military base, arresting five British nationals who have since been released on bail. Investigators are exploring the hypothesis of Iranian involvement, a claim vehemently denied by the Iranian em…
arabnews.com
Tyson Fury to face British rival Anthony Joshua in Cardiff on December 11
Tyson Fury and Anthony Joshua will finally meet in an all-British heavyweight boxing match on December 11 in Cardiff, Wales. The highly anticipated bout was confirmed by Saudi boxing official Turki Alalshikh after months of negotiations.
theguardian.com
UK interest rate rise ‘increasingly likely’ with high energy prices; inflation fears hit bonds – business live
A Bank of England deputy governor warns that UK interest rates are increasingly likely to rise due to persistent high energy prices and inflation risks, while global bond markets face a sell-off.
bbc.co.uk
Reported assaults on Britain's rail services rise by more than a third
Reports of violent incidents and harassment on Britain's rail services increased substantially last year, with assaults rising 36% to the highest level since 2004.
theguardian.com
UK government borrowing jumps over forecast to £18.3bn in August, in ‘dismal picture’ ahead of the budget – business live
UK government borrowing hit £18.3bn in August, exceeding forecasts by £2.7bn and the OBR's projection by £3.5bn, driven by higher inflation impacting public spending and a record debt interest bill. This creates a "fiscal straitjacket" for Chancellor John Healey ahead of …
bbc.co.uk
Businesses struggle to profit as fuel prices soar
Businesses across the West of England are finding it difficult to maintain profitability as petrol prices approach £2 per litre, driven by global oil supply disruptions from the Middle East conflict.
Sterling today: Pound slips as hawkish Fed talk lifts dollar broadly
investing.com
Sterling today: Pound slips as hawkish Fed talk lifts dollar broadly
The British Pound and Euro both weakened against the U.S. dollar following hawkish comments from Federal Reserve officials, reinforcing broad dollar strength across G10 currencies.
bbc.co.uk
Family shares hidden cost of cancer after teen's diagnosis
A family from Hythe, Kent, is struggling with the significant hidden financial costs of caring for their 13-year-old daughter, Maya, who has a rare form of childhood cancer, leading to fears of losing their home.
Why Wall Street giants build tokenization money for institutions, not regular consumers
coindesk.com
Why Wall Street giants build tokenization money for institutions, not regular consumers
While Wall Street giants like JPMorgan and Citi process billions in tokenized payments for institutional clients, a UK challenger bank, Monument Bank, plans to tokenize retail deposits for everyday consumers.
theguardian.com
Cowboy traders: can a new clampdown stamp out the builders from hell?
A new government initiative, including a register of trusted traders and a 'Trusted Payment' app, aims to protect consumers from rogue builders who defraud homeowners.
bbc.co.uk
British Steel plan lacks credibility, MPs say
MPs on the Public Accounts Committee (PAC) claim the government lacks a credible plan for British Steel's future, warning that new steel tariffs could harm smaller businesses.
bbc.co.uk
Economy minister accuses SoS of 'mischief making' in social media exchange
Northern Ireland's Economy Minister, Dr. Caoimhe Archibald, accused Secretary of State Sir Chris Bryant of "mischief making" following a social media dispute over the funding of a new electricity bill reduction scheme.
bbc.co.uk
Brewdog's unpaid workers to receive nothing after takeover deal
Former Brewdog staff and numerous creditors are not expected to receive any payouts from the administration process due to insufficient funds following the company's £33m rescue deal by US firm Tilray.
theguardian.com
Japan raises interest rates to 31-year high as central bankers fight inflation; retail sales rise in Great Britain – business live
The Bank of Japan raised interest rates to a 31-year high of 1.25%, joining global central banks in fighting inflation, though the yen weakened due to dissenting votes. Meanwhile, Great Britain saw a rise in retail sales.
bbc.co.uk
King Charles warns of 'existential danger' of AI falling into wrong hands
King Charles convened a summit in Scotland, warning AI executives of the "existential dangers" posed by the technology if it falls into the wrong hands, urging them to ensure AI serves humanity.
theguardian.com
Thousands of Barclays staff revolt over return-to-office mandate
Barclays staff, represented by the Unite union, are protesting a new mandate requiring them to return to the office more frequently. Thousands have signed an open letter demanding compensation for travel costs and exemptions for those living far away.
bbc.co.uk
UK inflation pushed up by petrol and diesel price rises
UK inflation rose to 3.1% in August, its highest in five months, primarily driven by soaring petrol, diesel, and airfare costs due to ongoing Middle East conflict disrupting global oil supplies.
Sterling today: Pound slips as Fed hike bets and UK inflation uptick weigh
investing.com
Sterling today: Pound slips as Fed hike bets and UK inflation uptick weigh
The British pound declined as markets anticipated a Federal Reserve rate hike and new UK inflation data showed an uptick, contributing to the currency's soft performance.
blogs.nvidia.com
University of Manchester Uses NVIDIA Earth-2 to Forecast Air Pollution Across the UK
Researchers at the University of Manchester are using NVIDIA's Earth-2 AI platform to forecast air pollution across the UK. This approach significantly reduces computational costs compared to traditional methods, enabling more detailed and frequent predictions.
bbc.co.uk
State pension likely to rise by £488 a year in April
The UK state pension is expected to increase by £488 annually from April, potentially pushing the full flat-rate pension above £13,000 a year. This rise, driven by the triple lock policy, is reigniting debates about its long-term affordability and generational fairness.