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Kevin PeacheyCost of living correspondent Getty Images More people on low incomes will be encouraged to save through a scheme that offers a large government bonus, the Treasury has announced. About three million people on universal credit are currently eligible for the scheme, which sees the government add 50p for every pound saved after two…
Jane ChambersBusiness reporter, Aguas Calientes, Peru AFP via Getty Images Machu Picchu attracts more than 1.6 million tourists per year, but getting there is not easy Machu Picchu, the remains of a 15th Century Inca city, is Peru’s most popular tourist destination, and a Unesco world heritage site. Yet a continuing dispute over the buses…
The third stage of the Covid-19 Inquiry begins hearing evidence on Monday focusing on the measures taken to support workers’ incomes and keep businesses afloat when the pandemic struck. It will focus on what action the UK government, devolved administrations in Scotland, Wales and Northern Ireland, and local authorities took, how well schemes were designed…
Simon JackBusiness editor Reuters Business leaders face a nervous final few days before the chancellor’s second Budget, having borne the brunt of a brutal set of tax hikes this time last year. Firms are still reeling from those: the £25bn National Insurance increase and an inflation-busting rise in the minimum wage. Confidence in boardrooms has…
The government is expected to announce an extra £1.3bn in funding for a scheme encouraging the use of electric vehicles (EVs) at next week’s Budget. The Electric Car Grant scheme started in July as part of the move to zero emission vehicles. The government says it has helped 35,000 switch to EVs. However, early research…
Rail fares in England next year are to be frozen for the first time in 30 years, the government has announced. The freeze until March 2027 will apply to regulated fares, which includes season tickets and off-peak returns. The most recent fare rise, in March 2025, was 4.6%. Rail fares traditionally have gone up in…
