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VAT to be cut from Isle of Man electricity bills in line with UK
Posted onA reduction in VAT from 5% to 0% will be applied to domestic electricity bills on the Isle of Man from October, the government has confirmed. The move mirrors the measure outlined in the UK, which is expected to be in place until the end of the 2026-27 financial year. Manx Utilities said, while the…
Most bus fares in England to be capped at £2 from January
Posted onThe bus fare cap in England will revert to £2 from January, new prime minister Andy Burnham has announced. The government says the policy, which is expected to cost more than £500m, will “help with the cost of living and give people the breathing space they need”. In January 2025, the England-wide bus fare cap…
Highest government borrowing in September for five years
Posted onUK government borrowing in September hit the highest level for the month in five years, official figures show, highlighting the challenges facing the chancellor ahead of next month’s Budget. Borrowing – the difference between public spending and tax income – was £20.2bn in September, up £1.6bn from the same month last year, the Office for…
People admit to secret spending without telling partners
Posted onBritish adults are hiding their outgoings on things like beauty products, gambling and cryptocurrencies from their partners as part of a pattern of “secret spending”, a new report has found. More than half of adults in relationships spent in secret on a range of products, according to the research by investment platform AJ Bell and…
Competition watchdog investigating eight firms over online pricing
Posted onInvestigations have been opened into eight companies, including ticket resellers and driving schools, by the UK’s competition regulator as part of a review of online pricing practices. The cases are the first launched by the Competition and Markets Authority (CMA) under new consumer protection powers, and are looking at actions such as mandatory additional charges,…
