Economy
31 stories
Economy Burnham excludes more offences from early prison release plan
New exclusions from early-release changes expose a prison system already running close to its limits.
Economy Bills hit £1,723 as energy secretary claims she’s powerless over war
Ofgem's 4% price cap rise pushes bills to £1,723 as the energy secretary calls the war 'impossible to control', Britain…
Economy Energy price cap rises to £1,723
Ofgem's 4% cap rise pushes typical bills to £1,723 as arrears head for £7bn and Labour's £300 pledge quietly dies.
Economy Bond market sets Healey’s £10bn Budget ceiling
Fund managers have set Healey's Budget ceiling at £10bn, weeks before he names a single cut.
Economy Average Rent hits record £1,393
Average rents hit a record £1,393 a month as Jeremy Corbyn's Your Party demands a freeze and statutory rent controls.
Economy Ofwat hikes bills amid hosepipe bans
Ofwat approved £3.4bn in fresh water bill hikes the same week 27 million people were put under hosepipe bans.
Economy Households pay £221 for war fought from UK bases
A war Britain helped wage from its own air bases has added £221 to household energy bills, and this week's growth…
Economy Bills rise again to cover energy bosses’ £6bn windfall
Energy firms banked over £6bn in war windfall profits this year, more than £200 a household, days before Ofgem's next…
Economy Hosepipe-ban billpayers fund Thames Water’s £1m bonus
Thames Water customers under a hosepipe ban are funding a £1m bonus for the firm's new finance chief, paid from…
Economy New students face £56,240 lifetime loan bill
This week's A-level cohort signs up to Plan 5, Britain's harshest student loan terms, as the state's share of graduate…
Economy Neso can now black out homes
A grid code change gives Neso power to order emergency power cuts across Britain with eight hours' warning, as data…
Economy Thames Water applies for fresh bill rise
Thames Water has asked Ofwat for another bill rise the same week its hedge fund creditors hired lawyers to fight Andy…
Economy £26m in crypto cash bought Reform’s rise
As retail buyers are left holding crashing coins, the billionaires who own the crypto machine are bankrolling Reform…
Economy Burnham shields 22,000 richest, workers pay defence bill
Andy Burnham has parked a wealth tax before naming his cabinet, leaving a £4.7bn defence bill and strained public…
Economy Billpayers pick up tab for Thames Water shareholders’ gamble
Hedge funds owning Thames Water's debt are manoeuvring to dodge special administration, leaving 16 million billpayers…
Economy DWP’s ADHD denials triple normal rate
DWP's own PIP data shows ADHD and autistic claimants failed at three times the average rate, even as most win on appeal.
Economy Fiscal drag taxes 920,000 workers
Nearly a million workers were dragged into higher tax bands this year while ministers still refuse to touch untaxed…
Economy Households paid for operator’s alleged cover-up
Households paid the price for June's near-blackout while, a whistleblower says, grid bosses ordered staff to leave no…
Economy Darling refused Dimon’s Epstein-lobby bid
A US senator wants to know if Jamie Dimon leaned on the Treasury to kill a 2009 bank bonus tax, using advice relayed…
Economy Sixteen million face higher bills in Thames Water bailout, MPs warn
MPs demand Thames Water go into special administration, warning a hedge-fund bailout would raise bills while sparing…
Economy Kyle will force pension funds home
Peter Kyle threatens to force pension funds to invest in Britain, after 25 years in which £1.9trn of workers'…
Economy Defence spending pledge left unfunded
Treasury minister Lucy Rigby admits no plan exists to fund a £4.7bn defence gap, as disabled claimants lose £47 a week…
Economy Households pay for bank’s capital cuts
The Bank of England is thinning bank safety buffers days after warning that AI-fuelled stock debt could trigger a crash…
Economy Lloyds cuts off Canary, staff unpaid
Lloyds froze the Canary's account with no explanation, leaving staff unpaid, in a pattern that has also hit a…