Money Moves

The US Department of the Treasury has imposed new sanctions on Russia’s two largest oil companies, Rosneft and Lukoil, as part of efforts to encourage negotiations for a peace deal in Ukraine. US Treasury Secretary Scott Bessent stated that these sanctions target entities that financially support the Russian government amid ongoing conflict. This announcement coincided […]

Beyond Meat’s plant-based burgers have encountered declining consumer interest, while its stock has experienced significant volatility. Over a recent four-day period, shares of the company surged approximately 1,000%. This sharp increase is notable, particularly given that the stock had lost a substantial portion of its value since its public debut six years ago. The company

Chancellor Rachel Reeves is contemplating modifications to the tax system that may result in increased liabilities for certain professions, including lawyers, accountants, and doctors, in her upcoming Budget presentation scheduled for 26 November. The proposed changes would target those who utilize limited liability partnerships (LLPs), as these entities currently allow professionals to be classified as

A decision regarding the developer for Heathrow’s third runway is anticipated by the end of November, as confirmed by the Transport Secretary, Heidi Alexander, during a parliamentary session. The two proposals under consideration are from Heathrow Airport and the Arora Group, led by hotel entrepreneur Surinder Arora. Heathrow Airport has submitted a £49 billion plan

Manchester Pride, one of the UK’s largest LGBTQ+ events, has entered voluntary liquidation, raising concerns about its future. The organization announced this decision amid reports that at least one performer for this year’s festival had not been compensated for their appearance. Many businesses and artists have also expressed frustration over unpaid invoices previously submitted to

Abigail Foster, a chartered accountant and the author of The Money Manual, has proposed a concept aimed at assisting individuals in making the decision to leave a job or a relationship. This suggestion highlights the complexities individuals often face when contemplating such significant life changes. In her perspective, the approach she outlines could help streamline

The recent inflation figure for September, reported at 3.8%, is anticipated to have significant implications for financial matters affecting many individuals. This figure reflects price changes over the past year and is crucial in determining benefit adjustments for the coming year and potential Bank of England interest rate decisions. September’s Consumer Prices Index (CPI) typically

The UK’s energy companies are advocating for significant changes to the regulator Ofgem, citing concerns over rising domestic energy bills and the potential impact on economic growth. The industry trade association, Energy UK, argues that Ofgem has imposed excessive regulatory burdens, which they claim have hindered growth and increased costs for households. A recent report

Inflation rates for September have been reported at 3.8%, avoiding the previously anticipated 4%. While this has brought some relief to households, the government, and the Bank of England, the figure remains significantly above the Bank’s target of 2%. This persistent inflation could contribute to consumer hesitance regarding spending due to uncertainty about future price

Eurostar has announced plans to introduce double-decker trains for the first time in its operations through the Channel Tunnel. The rail operator aims to order up to 50 new trains from manufacturer Alstom, which would expand its fleet by nearly one-third. This expansion includes a significant investment in its London depot. The deal, valued at