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Child benefit: HMRC to review thousands of suspended payments
Eimear DevlinBBC Money Box reporter Eve Craven Eve Craven had her child benefit halted after she went on a five-day trip to New York with her son The UK’s tax body is reviewing its decisions to strip child benefit from about 23,500 claimants after it used travel data to conclude they had left the country…
Sunak rejects claims Covid loan scheme open to excessive fraud
The former chancellor Rishi Sunak has defended his pandemic-era Bounce Back Loan scheme against accusations that it was subject to excessive levels of fraud. He said he was aware of the risks, but given the need for speed, he would do the same again. Bounce back loans (BBLs) offered small businesses up to £50,000 with…
Energy price cap to change as winter beds in
Kevin PeacheyCost of living correspondent Getty Images Regulator Ofgem will announce the next energy price cap later on Friday, with prices for millions of households expected to fall slightly at the height of winter. Gas and electricity bills remain relatively high, and the sudden drop in temperature has brought the costs to the forefront of…
British Gas boss says energy bills rise inescapable if prices stay high
The discussion of ways to mitigate any energy price rises came after the government’s cost-of-living tzar, Lord Walker, who is also chief executive of supermarket chain Iceland, suggested in the Sunday Times that energy companies and petrol stations should have their profits temporarily capped as oil prices jump.
