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Royal Mail fined £21m by Ofcom for missing delivery targets
Emer MoreauBusiness reporter Getty Images A quarter of all first-class post was delivered late last year Royal Mail has been fined £21m after almost a quarter of first-class post arrived late, Ofcom has announced. It is the third-largest fine the communications watchdog has ever issued and follows its investigation after Royal Mail missed its targets…
What’s behind Rachel Reeves’s hokey cokey on income tax rises?
After weeks of wondering will she, won’t she, and recent heavy hints that she would indeed raise income taxes in the Budget, Chancellor Rachel Reeves has now decided against the manifesto-breaching move. Amid the fog of Budget speculation, here is what we do know. That plan, to raise income tax rates by 2p but compensate…
Victims of romance fraud tricked out of £106m last year
BBC Varun lost his entire life savings after he was a victim of romance fraud on a dating app Romance fraud, a growing crime that targets both the heart and the pocket, saw an estimated £106m lost by UK victims in the past financial year. One of those who lost money and a romance was…
Firms will hesitate to invest in US after raid – South Korea president
South Korean companies will be “very hesitant” about investing in the US following a massive immigration raid at a Hyundai plant in the state of Georgia last week, President Lee Jae-myung has said. More than 300 South Koreans who were arrested in the raid are due to return home on Friday. Their departure had been…
Capture IT system: Compensation scheme opens for sub-postmasters
The government has launched a scheme to compensate former sub-postmasters and their families who were made to repay shortfalls caused by the Capture branch IT system. That system was in place from 1992 to 2000, and was the predecessor of the Horizon IT system which was also beset by scandal. A pilot version of the…
