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Rise from current limit of £85,000 would be first big change to protection scheme since 2008 banking crisisBusiness live – latest updatesUK savers would have up to £110,000 of their deposits protected if their bank or building society goes bust under p…
Campaigners say scammers are claiming millions from victims in ‘a penalty-free crime’Anti-scam campaign groups are calling for police forces to be much tougher on fraudsters, who they claim are scamming millions from victims in “a penalty-free crime”.T…
Fewer than five criminal cases were brought against those who aid tax dodgers in 2023-24, down from 16 in 2018-19Prosecutions of the enablers of tax evasion have plummeted by at least 75% in the past five years, with fewer than five criminal cases in 2…
Elliott Ingram was stunned at how a thief made off with his Ioniq 5 deploying a device to mimic the smart key – and says he should have been warnedThe motor manufacturer Hyundai faces legal action over allegations it failed to warn its customers that o…
Bank cuts its stress testing rate for home buyers after FCA urged lenders not to be ‘unduly restricting’Business live – latest updatesOne of the UK’s largest mortgage lenders has relaxed its rules and will offer some borrowers up to £35,000 more to fun…
Millions of devices have been left to go into ‘dumb’ mode, where they stop automatically transmitting readingsThe energy regulator for Great Britain plans to crack down on suppliers that bungle smart meter installations after millions of the devices ha…
Rising costs and global uncertainty may force chancellor to turn to pensioners and wealthier taxpayersMinisters may have to target pensioners and wealthier taxpayers at the autumn budget, as senior government figures voiced fears brutal welfare reforms…
After pulling out of the market Squid is charging parents who want to withdraw their remaining fundsA payments company that was used by parents to pay for school dinners has drawn criticism for charging them £10 to withdraw the remaining funds in their…
Axa and Scottish Widows back ShareAction campaign for chains such as Next to pay at least £12.60 an hourMajor investors including Axa and Scottish Widows are backing shareholder resolutions pressing retailers Next, Marks & Spencer and JD Sports to …
FCA to explore simplifying communications about savings accounts and review parts of its credit advertising rulesThe City watchdog is considering changing rules to allow people to receive clearer information from financial firms to make it easier for t…