[ad_1] Government borrowing was much higher than expected in October, official figures show.Borrowing - the difference between spending and tax take - was £17.4bn last month, the second highest October figure since monthly records began in 1993.The borrowing figures are the first to be released since Chancellor Rachel Reeves' first Budget last month.The Budget is set to increase government spending by almost £70bn a year over the next five years,
[ad_1] Former Wall Street investor, Sung Kook "Bill" Hwang, has been sentenced to 18 years in prison in a massive fraud case that cost banks billions of dollars.The sentence comes after Hwang was found guilty of fraud and market manipulation in a case linked to the failure of his investment fund Archegos Capital Management in 2021."The amount of losses that were caused by your conduct are larger than any other
[ad_1] Getty ImagesA number of countries including the UK are building new nuclear power stationsA decade ago, it seemed as though the global nuclear industry was in an irreversible decline.Concerns over safety, cost, and what to do with radioactive waste had sapped enthusiasm for a technology once seen as a revolutionary source of abundant cheap energy.Yet now there is widespread talk of a revival, fuelled by tech giants Microsoft, Google
[ad_1] More social housing tenants could be stopped from buying their own homes as part of a shake up of Right to Buy policy.Under the proposals, tenants may have to wait more than ten years to buy their homes and those living in newly built social homes may never be able to buy.The government also wants to slash the discounts available to social tenants back to pre-2012 levels and discourage
[ad_1] FordFord has announced it will cut 800 jobs in the UK over the next three years.The move is part of a major restructuring programme, which will see 4,000 posts closed across Europe as a whole.The company said it had to act because of difficult trading conditions, including intense competition and weak demand for electric vehicles.However, the cuts will not affect its manufacturing sites in Dagenham and Halewood, or its
[ad_1] The inflation rate increased to 2.3% in October, well below the level at which it peaked two years ago. But you would be wrong to think the cost of living crisis is over.At energy firm Utilita’s Hampshire call centre on a very cold day earlier this week, I witnessed the cost of living pressures on the frontline.At 10am, red lights flashed up on a map of Britain as prepayment
[ad_1] Getty ImagesYour money is being stretched as the pace of price rises has risen.The inflation rate, which charts the rising cost of living, increased to 2.3% in October.Prices aren't soaring at the rate seen over recent times. Inflation peaked at 11.1% two years ago. But, there is concern about the impact the situation is having, and will have, on people's finances.Here are four ways these figures affect you.The cost
[ad_1] Almost 100,000 E.On customers with pre-payment metres will receive an average of £144 each because of an billing error by the energy supplier, the regulator Ofgem has said.E.On failed to pay the credit in the accounts of mostly vulnerable customers who had ended their contract with the supplier in a mandatory six-week window.It will now pay both the credit and millions in compensation to the customers affected between February
[ad_1] A major container shipping company has announced it will no longer use the Port of Felixstowe from next year.Maersk said its operations at the Suffolk port would cease from February following a review of its network.The firm said it had concluded that the London Gateway on the Thames estuary in Essex was "the most optimal port to serve our customers" in the UK.It said it expected to share further
[ad_1] BBCClare Harland says her experience on Northern has been 'absolutely rubbish'Northern Rail has vowed to improve performance as customers hit out at its "rubbish" service.The rail firm, which was nationalised in 2020, cancelled more than 1,000 trains during the recent half term.A senior manager said the firm was "sorry" for its recent performance, which has "not been good enough".Transport secretary Louise Haigh said an improvement plan the firm has
