Money Moves

The regulator Ofgem has reported that customer debt to energy suppliers has reached a record high of £4.4 billion. This figure represents an increase of over £750 million compared to the previous year, covering the period from April to June. Notably, more than one million households are without any repayment arrangement, also marking a record. […]

Ticketmaster has agreed to provide clearer information about ticket pricing following complaints related to the Oasis reunion tour last year. The Competition and Markets Authority (CMA) stated that the company will now inform fans 24 hours in advance if a tiered pricing system is in effect, which was the case for the Oasis standing tickets.

The Co-op has reported that a cyber-attack it experienced in April 2023 resulted in a minimum of £206 million in lost revenues. This incident compromised the company’s IT networks, leading to payment issues, significant goods shortages in stores, and the loss of customer data. Co-op chair Debbie White noted that the “malicious” attack presented “significant

Biometric registration for travelers entering the EU is set to begin on October 12, 2024, though enforcement will not be fully mandatory until April 12, 2026. Border officials have been granted the discretion to relax these new requirements temporarily to manage potential congestion at ports. New biometric kiosks, worth millions of pounds, will be launched

The H-1B visa program, designed for skilled foreign workers, is facing potential changes following an executive order signed by U.S. President Donald Trump. This order introduces a new application fee of $100,000, raising concerns among current visa holders and employers about its impact on the labor market and business operations. Abhishek Singh, a software engineering

Labubu dolls accounted for 90% of the £3.5 million worth of counterfeit toys seized at the UK border this year, based on data from the Home Office. The Labubu character was created by artist Kasing Lung from Hong Kong and gained popularity through a collaboration with toy retailer Pop Mart. Although primarily marketed to adults

Science Minister Patrick Vallance has indicated that the NHS may need to increase its expenditure on medicines to prevent pharmaceutical investment from departing the UK. His comments came in light of recent announcements by major drug companies regarding the suspension or cancellation of projects in the UK. Concerns have been raised by industry critics surrounding

Darius Hughes, the UK leader of Moderna, has responded to criticisms labeling the UK as the “worst in Europe” for drug pricing. His comments came during the inauguration of a £150 million vaccine facility in Oxfordshire. This announcement follows decisions by several pharmaceutical companies, including MSD, AstraZeneca, and Eli Lilly, to withdraw or delay their

A coalition of ten campaign groups is urging the Bank of England to enhance its efforts in addressing the climate crisis, a decade after former governor Mark Carney highlighted the challenges posed by climate change to the financial system. In a 2015 speech at Lloyd’s of London, Carney emphasized the limitations of short-term thinking among

In the United States, there is a noticeable increase in prices across various sectors, attributed to a mismatch between supply and demand. This situation raises questions about the underlying factors contributing to these trends. As consumer demand continues to grow, supply chains are struggling to meet the needs of the market, leading to inflationary pressures.