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Water companies told to refund £260m to customers.
Mark Poynting,Climate and science reporter, BBC News and Jonah Fisher,Environment correspondent PA Media England and Wales’ water companies have been ordered to refund more than £260m to customers for poor performance. The economic regulator Ofwat says 40% of that money has already been taken off this year’s bills, with the rest to come off next…
Why supermarket prices really became sky high in the UK
Faisal IslamEconomics editor BBC There has been more than a bitter twang in the glasses at British breakfast tables. Only five years ago, a typical supermarket own-label carton of orange juice could be bought for 76p for 1 litre. It now costs £1.79. That’s a rise of 134% since 2020, and it’s up 29% just…
Airlines pay out millions after initially rejecting claims
Laurie Watson Laurie Watson’s flight back from a sailing holiday was cancelled Airlines are paying out millions of pounds in compensation to passengers every year after initially saying no as consumer groups accuse firms of trying to put customers off making claims for severe delays or cancellations. Almost £11m was paid to passengers in the…
Global dealmaking hits $4.5tn in second-best year on record
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Global dealmaking topped $4tn this year for the first time since the boom of 2021, as a record number of megadeals lifted investment banking fees to their second-highest level ever. A total of 68 deals…
Nearly 4m Londoners below income level for decent living standard
Renting for an adult is more than twice as expensive in outer London than other UK cities, increasing to three times as expensive in inner London, meaning the income needed to live “with dignity” – defined as being “able to take part in the world around you in a meaningful way” – in London is…
