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Chancellor, who had been expected to announce changes next week, faced backlash over moveRachel Reeves has put on hold plans to reduce the amount savers can put into tax-efficient cash Isas after lobbying from banks, building societies and consumer gro…
Proposal to vary electricity charges in England, Wales and Scotland based on location dropped in favour of ‘fair and affordable’ single priceBusiness live – latest updatesThe government has abandoned plans for “zonal pricing” that would have charged el…
The British Beer and Pub Association calls for help to cut pub costs with 378 pubs in England, Scotland and Wales likely to call time this yearBritish pubs will close down at the rate of one a day this year, the industry’s trade body has warned, blami…
Move hopes to push lenders to offer more high loan-to-income mortgages and help 36,000 buyers on to housing ladderBusiness live – latest updatesThe Bank of England has rolled out looser mortgage rules that policymakers hope will help 36,000 more first-…
Watchdog releases nine new rulings setting clear precedents for online sellingOnline pharmacies are no longer allowed to run adverts for weight loss injections, the advertising watchdog has ruled, as part of a crackdown on what has been described as a …
FCA finds digital bank failed to employ adequate controls when signing up new clientsBusiness live – latest updatesThe digital bank Monzo has been fined £21m over weak financial crime controls, after it allowed customers to register for accounts with “…
Supplier failed to issue final bills to 34,000 prepayment customers who stopped using it, Ofgem findsBusiness live – latest updatesThe energy regulator has ordered Octopus Energy to pay £1.5m in refunds and compensation, after an investigation found th…
Survey comes before supreme court decision on secret commission payments ruled unlawful by court of appealMore than 23 million people believe they could be due compensation for a mis-sold car loan, according to a poll before this month’s supreme court …
Research finds correlation between car dependency and loneliness, particularly in rural townsPeople who depend on cars to get around are more likely to feel lonely and disconnected than those who have access to good public transport, a UK study has fou…
The change has some users of BNPL loans worried, but financial experts say the move could benefit borrowersA new change to buy now, pay later loans means borrowers’ credit scores may see a change, which has worried some users of the loans.“I have a fee…