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'.
Category : Budget Finance
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.
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.
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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.
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.
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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.
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.
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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.
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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3 Groups Eligible for TV Licence Discount or Exemption
Certain Brits can save up to £180 on their TV licence. Over-75s on Pension Credit, care home residents, and blind people may get full or half-price discounts.
Woman loses two limbs after being hit by two trains at tube station
Sarah de Lagarde, 47, lost her right arm and leg after slipping onto the tracks at High Barnet station. She was hit by two trains and now uses a bionic arm. She is suing TfL.
Croydon woman loses 9st after refusing gastric band
Melanie Sivier, 38, from Croydon, lost 9 stone naturally after declining NHS gastric band surgery, dropping from size 32 to 14.
Week-long heatwave due in England with 34C peak in south-east
A week-long heatwave is forecast in England, with temperatures peaking at 34C in the south-east. Heat health alerts are in place for most regions from 4-11 July.
Westminster council tax may double over funding cuts
Westminster City Council warns council tax could double to prevent service cuts after government funding is halved from £219m to £119m by 2029-30.
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Brent fire destroys 200 businesses, woman loses dad's memories
Megan Wing lost irreplaceable memories of her late father when her thrift shop Wings World was destroyed in a Brent fire that engulfed over 200 businesses at Oxgate House.
Germany mandates sick note from day one of illness
Germany will require employees to provide a doctor's note from the first day of sick leave under new proposals by Chancellor Friedrich Merz, aiming to reduce high sick leave rates and boost the economy.
Burnham's Funding Gap: UK Finances Under Scrutiny
Andy Burnham faces tough fiscal constraints as PM-in-waiting, with limited headroom from Reeves' rules, war impacts, and potential tax rises.
Baby formula recalls rise amid Trump-era FDA cuts
Multiple infant formula recalls due to bacterial contamination have occurred recently. Experts say FDA preparedness has worsened following staff cuts under the Trump administration, with reduced inspections and slower response.
Abortion's Pain: History, Body, and Memory Beyond Rights
Abortion is often debated in abstract terms, but the physical pain and historical context reveal a deeper, more personal reality that transcends slogans and legal battles.
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Starmer accused of leaving Burnham £4.7bn defence black hole
Keir Starmer faces accusations of leaving Andy Burnham a £4.7bn defence funding gap after announcing a £15bn boost, with allies calling it an 'unexploded bomb'.
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