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Thousands march in Edinburgh calling for action to end poverty
BBC Protestors met outside the Scottish Parliament building Thousands of people have marched through central Edinburgh calling for more action to tackle poverty in Scotland. The Scotland Demands Better demonstration was organised by trade unions and charities to push for more action on poverty ahead of the UK Budget and next year’s Scottish Parliament elections….
Interest rates hold expected but Bank of England facing tough choices
Households feel the impact of a rising Bank rate through higher borrowing costs, but can benefit from more generous savings rates. Given the global picture, and market expectations of a higher Bank rate, a host of major lenders have already increased the cost of new fixed-rate mortgages in recent days. Andrew Montlake, chief executive of…
Many new UK drone users must take theory test for outdoor use
Many in the UK who unwrapped a new drone this Christmas may face a rude awakening next week, when they will have to take a theory test before being allowed to fly outdoors. From 1 January, those intending to fly drones or model aircraft weighing 100g or more outside must complete a Civil Aviation Authority…
Thames Water lenders submit rescue plan to stave off collapse
Thames Water’s lenders have submitted a new rescue plan to prevent the UK’s largest water company from collapsing. London & Valley Water, a consortium of large financial institutions and investors, has submitted proposals which include writing off about a third of the company’s near £20bn debt pile and investing an initial £5.4bn to stablise the…
The trillion pound oil fund the government believes Britain could have built
After a half-century wait, the United Kingdom now has an oil fund. Chancellor John Healey announced the creation of an Energy Wealth Fund at the Jackdaw gas approval announcement on Wednesday, with £2bn of funding diverted from the existing National Wealth Fund. A selection of energy exporting countries, mainly in the Gulf, but also including…
No 10 denies Reeves misled public in run up to Budget
Downing Street has denied Rachel Reeves misled the public about the state of the public finances ahead of this week’s Budget. In the run-up to Wednesday’s statement, the chancellor repeatedly talked about a downgrade to the UK’s predicted economic productivity that would make it hard for her to meet her spending rules. But in a…
