Next chief executive Lord Wolfson says that its prices are likely to fall this year thanks to falling factory prices, despite the Suez Canal crisis and rising staff costs. Although the crisis in the Red Sea has resulted in shipping times for Next’s goods being extended by 7-10 days and its staff costs are forecast […]

A survey has found that 60 percent of people who have been tricked by scams struggle with their mental health afterwards. Many of these victims feel anxious, with 55 percent saying so. Some even feel really down or lose confidence in themselves, with 48 percent feeling depressed and 51 percent having low self-esteem. This survey […]

Direct Line has promised £100million of cost cuts and a new growth strategy as part of new chief executive Adam Winslow’s takeover defence against rival insurer Ageas. Winslow, who joined from Aviva last month, said that Direct Line is carrying out a comprehensive strategy review and that it sees “significant opportunities” for higher returns. He […]

A report that has been eagerly awaited on how women born in the 1950s were affected by increases in the state pension age was published today. The five-year investigation by the Parliamentary and Health Service Ombudsman (PHSO) looked into alleged failures at the Department for Work and Pensions (DWP) over the way pension changes were […]

Britain’s economy grew for a fifth consecutive month in March, according to a closely watched economic indicator, signalling that it has already out of recession. S&P said that its composite purchasing managers index (PMI), which tracks activity across the economy, achieved a score of 52.9 for March, down 0.1 points on February’s figure. A PMI […]

Rent prices have increased by nine percent in the last year across Great Britain, but in some areas they’ve increased by a fifth. It cost £1,238 a month to rent the average private home in Great Britain during the 12 months to February 2024, according to the latest data from the government’s Housing Market Indices […]

Thousands of retired Britons – many of them women – who were underpaid on their State Pension have received more than £570 million in back payments, it has emerged. Between January 11, 2021, and February 29, 2024 some 97,016 under payments were identified adding up to £571.6m, according to the Department of Work and Pensions […]

Nationwide Building Society is set to take over smaller rival Virgin Money after the pair agreed on a deal worth around £2.9billion. Confirmation of the deal follows a preliminary agreement between the two companies earlier this month. Nationwide spent the past two weeks reviewing Virgin Money’s books before making the formal offer. Nationwide said: “Nationwide’s […]

The DWP has refused to commit to providing compensation for the thousands of women affected by the WASPI issue despite a bombshell report released today (Thursday). A new report from the Parliamentary and Health Service Ombudsman has ruled the Government should pay compensation to the generation affected by the issue, calling on Parliament to take […]

At least 4.8 million pension pots were considered to be ‘lost’ among the UK population in 2023, new research finds. Additionally, nearly one in 10 workers believe they could have lost a pension pot worth more than £10,000, according to the analysis conducted by the Centre for Economics and Business Research, on behalf of PensionBee. […]