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Financial News

Energy blackout proposal dismissed

The government dismisses a proposal by National Grid that big shops and factories could be paid to cut their energy at peak times to prevent shortages.

UK house prices 'gather momentum'

House prices in the UK rise again in June, increasing by 0.3%, according to the latest survey from the Nationwide building society.

Poor 'hit by 25% living cost rise'

Living costs have risen 25% in the past five years, placing an "unprecedented" financial burden on the poor, the Joseph Rowntree Foundation says.

News Corp reaches for the Sky with takeover offer

News Corporation, the media group headed by Rupert Murdoch, confirmed this morning that it had made an offer to take full control of BSkyB, the satellite broadcaster in which it has a 39 per cent stake.

China primes house tax to halt runaway prices

China is considering a wealth tax on homeowners as it grasps at new weapons to halt a frantic rise in property prices that many fear poses the biggest threat to the Chinese economy.

Business big shot: Steve Wiener

It is a dilemma familiar to anyone still clinging to analogue radios or cathode-ray televisions: pay to go digital or wait until prices drop?

Private agencies to collect tax credits debt: campaigners warn of harsh consequences

Government Spending Review measures include using commercial debt collection agencies to target tax credits error, fraud and debt. LITRG fears claimants will be pursued for debts caused by the system. Introduction As part of the measures announced in this week’s Spending Review, the Government will target £95...

School’s out for summer: check the tax on your holiday job

The Low Incomes Tax Reform Group (LITRG) is encouraging students and school or college leavers to check they are not overpaying their taxes. Introduction Students often pay too much tax on their earnings. This summer, taking into account the recent abolition of the form which previously allowed...