GMB members reject City of London pay offer
GMB Union members at the City of London Corporation, including workers at Tower Bridge and Hampstead Heath, have rejected a pay offer of 3.5% amid concerns over London Weighting consolidation.
Category : Budget Finance
Schoolboy dies on Malawi snorkelling trip
A 17-year-old from London died after being found underwater during a school snorkelling trip in Lake Malawi, police confirmed.
British Steel Nationalised to Save UK Supply
British Steel has been taken into public ownership after the government stepped in to prevent closure of its Scunthorpe steelworks, saving 4,000 jobs. Keir Starmer says it's in the national interest.
MS drugs to stay on PBS amid US pricing pressure
Health minister confirms Ocrevus, Kesimpta and Lemtrada remain subsidised after PBAC review, as drug companies push for higher prices and Trump policy looms.
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US gas prices hit $5 diesel, $4 gas amid Iran tensions
Average US diesel tops $5 a gallon, regular gas nears $4 as renewed US-Iran tensions over the Strait of Hormuz drive up prices, says AAA.
British Steel nationalised, UK GDP up, Uber buys Delivery Hero
British Steel taken into public ownership; UK GDP grew 0.1% in May; Uber to acquire Delivery Hero for $14.8bn; Ocado profits fall sharply.
Draft London Plan sets 558,000 home target, below 850,000 goal
The Draft London Plan aims for 558,000 homes by 2037, far short of the government's 850,000 target, with affordable housing thresholds varying by borough and limited Green Belt release.
Palantir's UK state foothold: investigation reveals concerns
Investigation finds Palantir's NHS contract underperforms, with low usage and vendor lock-in risks, amid paid-for political access and threadbare regulations.
Extreme heat divides the world: those with AC and those without
Access to air conditioning is becoming a matter of survival as extreme heat worsens inequality between wealthy and lower-income countries, argues Mark Wolfe.
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US bank traders hit record $54bn amid war and AI volatility
US bank traders generated a record $54 billion in revenue in 2024, driven by increased volatility from geopolitical conflicts and the AI boom, according to industry data.
Martin Lewis: 800,000 affected by state pension error
Martin Lewis warns that up to 800,000 self-employed Brits may have incorrect National Insurance records due to an HMRC error, potentially losing thousands in state pension.
BBC licence fee payments fall faster than expected
The BBC's licence fee income is in sharp decline, with 539,000 fewer households paying, prompting director general Matt Brittin to warn of a 'moment of real jeopardy'.
South East Water fined £30.5m for supply failures
South East Water must pay £30.5m after Ofwat investigations found repeated supply interruptions, customer failings, and licence breaches affecting hundreds of thousands.
US inflation cools to 3.5% in June amid brief US-Iran deal
Inflation dropped to 3.5% in June 2026 as a short-lived US-Iran ceasefire lowered energy prices, but renewed strikes have since pushed oil and gas costs higher.
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TfL named UK's most indebted authority with £14bn debt
Transport for London holds £14bn debt, highest of any UK local authority, with GLA bodies totalling £20.1bn, says TaxPayers' Alliance analysis.
Wimbledon winners face £1.6m HMRC tax bills
Wimbledon champions Jannik Sinner and Linda Noskova could each owe over £1.6m in UK tax on their £3.6m prize money due to HMRC rules for non-resident sportspersons.
Woman sexually assaulted at Hanger Lane Tube station
British Transport Police are investigating after a woman was repeatedly sexually assaulted at Hanger Lane station in West London. CCTV of a man has been released.
Refusing to help son buy house could cut inheritance tax
A 79-year-old father who refused to help his son buy a home now considers gifting a deposit to reduce inheritance tax, as advised by his financial planner.
UK must cap political donations to stop rich influence
Labour's bill to clean up politics returns as concerns grow over Reform UK financing. Experts urge a £100,000 cap on donations to curb mega-donor influence.
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Dermot Murnaghan dies at 68 after prostate cancer battle
TV presenter Dermot Murnaghan has died peacefully at his North London home aged 68 after a battle with stage 4 prostate cancer, his family announced.
UN: Debt payments exceed education spending in 113 nations
In 2025, 113 developing countries spent more on foreign debt repayment than education, with sub-Saharan Africa spending 3.6 times more on debt, UN report reveals.
UK plans binding debt limits for water companies
Ministers are drawing up plans to set legally binding debt targets for England's water companies to prevent failures like Thames Water, which has £17.6bn debt and an 86% gearing ratio.
New York sues 3M, DuPont over 'forever chemicals'
New York sued 3M, DuPont and others for selling toxic Pfas chemicals, hiding risks for decades, causing public nuisance.
Europe's Most Influential Fund Execs 2023
Financial News unveils its annual list of the 100 most influential executives in European asset management, highlighting key trends and shifts in the industry.
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Londoners trapped in debt by heat networks as bills jump 350%
Tenants in a London block face up to 350% bill increases from communal heating they cannot control, leading to debt and eviction notices despite 36°C weather.
Treasury yet to analyse trade-offs for UK Nato defence pledge
The Treasury has not analysed trade-offs needed to hit the UK's 3.5% GDP defence spending promise to Nato, chief secretary Lucy Rigby told MPs. Funding decisions deferred to next prime minister.
Ed Miliband's Chancellorship: Challenges and Opportunities
Ed Miliband is the frontrunner to become chancellor under Prime Minister Andy Burnham. Experts discuss the challenges he would face, including Treasury reform, devolution, and green growth.
OBR warns UK must act to curb 'unsustainable' debt rise
The OBR warns UK debt could become unsustainable from the 2040s without action, citing defence spending needs of an extra £28bn annually and rising health and pension costs.
OBR warns UK debt unsustainable by 2040s; Thames Water creditors bid
OBR says UK debt on unsustainable path from 2040s without action, defence spending needs extra £28bn/year. Thames Water creditors pursue £10bn rescue despite nationalisation threat.
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BoE Eases Capital Rules Amid AI Stability Concerns
The Bank of England plans to loosen capital requirements for major UK lenders, despite FPC members' concerns about risks from AI developments and debt-fuelled stock investments.
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