Money Moves

The UK government has asked the media regulator, Ofcom, to review its regulations concerning price increases by mobile companies during contracts, following O2’s recent decision to raise its prices by £2.50 per month. Technology Secretary Liz Kendall expressed disappointment about the increase, emphasizing the need for further action regarding in-contract price rises. O2 defended its […]

Reform UK leader Nigel Farage has adjusted his party’s previous commitment to implement annual tax cuts of £90 billion. This shift follows promises made before last year’s general election, which included reducing corporation tax, lowering stamp duty on home purchases, and increasing the income tax threshold. Farage remarked that “substantial tax cuts” are currently considered

OpenAI has finalized a contract valued at $38 billion with Amazon to utilize its cloud computing services as part of an ongoing series of strategic partnerships. This agreement is part of a broader trend in 2025, during which OpenAI has secured deals exceeding $1 trillion with companies such as Oracle, Broadcom, AMD, and Nvidia. Under

Kimberly-Clark has announced plans to acquire Kenvue, the manufacturer of Tylenol, in a deal valued at over $40 billion. This acquisition seeks to create a significant consumer goods powerhouse, combining a range of well-known products that are commonly found in households. Kimberly-Clark’s portfolio includes brands like Kleenex and Huggies, whereas Kenvue is recognized for Tylenol,

Michael O’Leary, CEO of Ryanair, has expressed concerns over the UK economy under the Labour government ahead of this month’s budget, coinciding with the airline’s reported profit increase in the first half of the year. O’Leary criticized Chancellor Rachel Reeves, claiming she has not effectively promoted economic growth. He suggested that growth could be fostered

The cost of renting in Scotland has become a topic of discussion among residents and policymakers. Recent data indicates that rental prices have been rising in various cities, with some areas experiencing more significant increases than others. This trend raises questions about affordability for potential tenants and the overall impact on housing accessibility. In major

The UK will conduct a review of rail security following a stabbing incident on a train that has resulted in 10 counts of attempted murder being filed against a 32-year-old man. The attack occurred on a service traveling from Doncaster to London on Saturday night. Transport Secretary Heidi Alexander announced that the government aims to

Experian, one of the UK’s major credit rating agencies, has announced changes to its scoring system that will now include rental payments in credit scores. The agency stated that this overhaul aims to better represent “more of the everyday financial behaviours that matter,” such as paying rent and managing overdraft use. Under the new system,

FoodShare, a food bank based at St Martin’s Church in Hereford, has announced that it will need to relocate due to financial and operational challenges. The food bank, which has served the community since 2019, received notice last Friday that it must cease operations at its current location immediately. Cat Hornsey, the charity’s co-ordinator, assured

U.S. President Donald Trump recently stated that he does not know who Changpeng Zhao, the co-founder of cryptocurrency exchange Binance, is, despite having pardoned him last month. During an interview with CBS News’ 60 Minutes, Trump was questioned about the pardon in light of Zhao’s guilty plea for enabling money laundering in 2023, which resulted