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Higher tax helped government finance reach record January surplus
Posted onIn January 2026, revenue from capital gains tax was nearly £17bn – 69% higher than in January 2025, he said, adding it was likely a reflection of investors disposing of assets since April 2024, ahead of an expected tax rise that came in the October 2024 Budget.
Nationwide fined £44m for inadequate crime controls
Posted onNationwide has been fined £44m for not having the right processes in place for detecting financial crime between 2016 and 2021. The building society had “ineffective systems” for assessing risk and monitoring the transactions of its customers, the Financial Conduct Authority (FCA) said. In one instance, Nationwide missed opportunities to identify unusual activity after £26m…
Castore co-founder: If fans couldnt afford kits they wouldnt pay
Posted onCastore Tom Beahon set up Castore with his brother Phil in 2015 The co-founder of premium sportswear firm Castore has defended the price of replica football kits. Tom Beahon, who set up the company with his brother Phil in 2015, maintains that if fans could not afford to buy the official merchandise then the market…
Portsmouth Water installs huge wall at Havant Thicket reservoir
Posted onA major engineering milestone has been reached on what is set to become the UK’s first new reservoir in more than three decades. Portsmouth Water said teams at Havant Thicket Reservoir installed a 20‑tonne steel cut‑off wall during a continuous 72‑hour operation at the start of the year. The wall, which is 13m (43ft) high…
