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Commons Treasury committee writes to four largest banks saying they risk falling foul of incoming City rules MPs have accused high street banks of failing on their “social duty” to promote saving and instead engaging in “blatant profiteering” by contin…
Drivers paying more for petrol and diesel than before Covid because of weakened competition, says CMABusiness live – latest updatesThe UK energy secretary has accused fuel retailers of using motorists as “cash cows” after a consumer watchdog found that…
Fatih Birol says China’s economic recovery combined with harsh winter could pile pressure on gas suppliesBusiness live – latest updatesThe head of the International Energy Agency has warned that energy prices may spike again this winter, forcing govern…
Insurer told to reassess vehicle write-offs to identify any unfair settlementsBritain’s second-biggest car insurer, Direct Line, has been ordered to go back through five years of claims after admitting it had underpaid some customers who had their cars…
Nationwide says mortgage crisis ‘likely to exert significant drag’ on market activity in coming monthsBusiness live – latest updatesUK house prices have defied expectations by growing slightly in June but annual prices fell at the fastest rate since 20…
With more expensive rate ending, such a move will avoid energy suppliers making estimationHouseholds have been advised to take a meter reading to make sure they are paying the new lower price after the energy price cap drops on Saturday.About 27 millio…
Bank of England data shows families drew on £4.6bn in May to help them cope with the cost of living crisisUK households are pulling money out of their savings accounts at the fastest rate ever recorded, as they draw on rainy day funds to weather the co…
As a House of Lords committee finds significant numbers lack means and skills to get online we meet some of themThe government is allowing “millions of citizens to fall behind” due to digital exclusion, a House of Lords committee has warned.As services…
Measures are aimed at preventing companies using rampant inflation to hike prices during cost of living crisisBritain’s watchdogs have agreed to a suite of measures aimed at protecting consumers from being ripped off by companies during the cost of liv…
Social and economic upheaval since the pandemic has resulted in many more families strugglingThe reasons for increased levels of pupil absence in England are multiple and complex. Some were an issue before the Covid pandemic closed schools and disrupte…