Money Moves

The Barclay family is set to lose control of another segment of their business operations as Carlyle Group, a US private equity firm, is anticipated to take over the Very Group. An announcement regarding this transition is expected shortly. This change will mark the end of the Barclay family’s two-decade ownership of Very, which they […]

Scotland has one of the most concentrated private land ownership structures in Europe, with approximately half of all privately held rural land being owned by a mere 421 individuals or entities. This concentration is largely attributed to historical events, particularly the Highland clearances of the 18th and 19th centuries. Contrary to trends seen in other

On Sunday, former President Donald Trump proposed a plan to provide most Americans with $2,000 funded by tariff revenues. He stated this idea in a post on his Truth Social platform, suggesting that the payment would exclude high-income individuals. In his post, he labeled opponents of tariffs as “FOOLS.” For this proposal to be enacted,

Royal Mail, with a history dating back over 500 years, is facing criticism from its workforce after it downgraded its traditional Christmas gift from first-class to second-class stamps this year. In the past, employees received a book of either 50 or 100 first-class stamps, but for 2023, the company has opted for a collection of

Flight cancellations and delays are increasing across the United States due to a 4% reduction in air traffic mandated by the Federal Aviation Administration (FAA) in response to the ongoing federal government shutdown. If the shutdown continues, the FAA has indicated that airlines will be required to cut 6% of flights on Tuesday, with a

The healthcare landscape in the United States is characterized by complex terminologies such as deductibles, co-payments, and a variety of insurance plans. Many individuals, including business owners and employees, find it challenging to navigate these components effectively. The rising costs of healthcare add to this confusion; a recent study by KFF indicates that an average

Former Labour health secretary Alan Milburn will lead a review focused on the relationship between mental health issues, disability, and youth unemployment in Britain. This review comes in response to a significant concern regarding rising inactivity among young people. Currently, nearly one million individuals aged 16 to 24 are categorized as not in education, employment,

David Bailey, the executive director of prudential policy at the Bank of England’s Prudential Regulation Authority (PRA), has asserted that UK banks continue to demonstrate a strong commitment to climate goals despite significant recent changes in global banking alliances focused on net zero targets. Notable banks, including HSBC and Barclays, have exited the UN-backed Net

Home Office travel records used in a pilot anti-fraud initiative led to the suspension of child benefits for thousands of families, but nearly half of those flagged were still residing in the UK, raising concerns about the accuracy of the data. The scheme reportedly saved HMRC £17 million, but 46% of families were wrongly categorized

The UK’s tax authority, HM Revenue & Customs (HMRC), is currently reassessing the suspension of child benefit payments for approximately 23,500 claimants. This action was taken after the agency utilized travel data to assume that these individuals had permanently relocated outside the UK. Typically, child benefit eligibility ceases after eight weeks of residing abroad; however,