Money Moves

The Institute for Public Policy Research (IPPR) has suggested that Rachel Reeves consider introducing a new tax on banks and request the Bank of England to pause bond sales, as a means to address the government’s annual £22 billion losses stemming from quantitative easing (QE). Carsten Jung, the IPPR’s associate director for economic policy, highlighted […]

Lisa Cook, a governor of the Federal Reserve, has initiated a lawsuit against former President Donald Trump, following his attempt to remove her from her position. Cook’s lawsuit was filed in federal court in Washington D.C. and challenges Trump’s authority to dismiss her, which she argues undermines the independence of the Federal Reserve. A federal

Fresh threats of sanctions targeting Europe and officials enforcing the Digital Services Act (DSA) have emerged from the United States. These sanctions would introduce new trade barriers and unprecedented export restrictions. The DSA is a critical European regulation governing tech platforms and digital operations. The imposition of such sanctions raises questions about the European response

Drax is currently under scrutiny for potential discrepancies in its accounting practices, particularly regarding the classification of transporting wood pellets from North America as a “carbon neutral” activity. This stance has drawn criticism, as Drax is identified as the UK’s largest emitter of carbon despite qualifying for renewable subsidies, according to the research group Ember.

Belstaff, a British fashion brand recognized for its motorcycle gear, has been acquired by sportswear company Castore, which is backed by Sir Jim Ratcliffe’s Ineos group. The specifics of the acquisition deal have not been revealed, but Ineos is expected to invest significantly in Castore’s holding company. Since being acquired by Ineos in 2017, Belstaff

Drax, a major power generator, is currently under investigation by the Financial Conduct Authority (FCA) concerning “historical statements” about the sourcing of wood pellets for its biomass power station. The FCA confirmed the investigation will examine compliance with disclosure and transparency rules over a timeline from January 2022 to March 2024, reviewing Drax’s 2021, 2022,

A member of the House of Lords, Richard Dannatt, has requested assistance from a senior British diplomat for a goldmining venture in Ghana in which he holds shares. He characterized his appeal as being “in the UK national interest.” This development raises questions regarding potential breaches of parliamentary lobbying rules, as Dannatt is already under

Rising food costs in Jersey are reportedly pushing families closer to poverty, according to Carl Walker, the chairman of Jersey’s Consumer Council. Recent inflation figures revealed that food prices increased by 4.1% in 2025, a significant change compared to previous inflation rates of 12%. Walker noted that while the 4% increase may appear manageable, it

A shop worker on Sark has indicated that rising electricity prices may necessitate the shutdown of some store freezers. Sark Electricity Limited (SEL) announced a price increase set to take effect on Monday, with rates rising to £1.16 per unit. This includes a base price increase of 56.3p per unit, along with a legal levy

Sportscar manufacturer Lotus has announced plans to reduce its workforce by 550 jobs at its headquarters in Hethel, Norfolk. The decision follows a review of the company’s business objectives in light of current market conditions. Previously, Lotus had dismissed rumors of closing its factory and relocating to the United States, stating its commitment to remaining