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,