Business

Pensioners have been warned of a surge in scam texts targeting older people. Fraudsters are exploiting confusion around the newly expanded winter fuel payment scheme, which will see millions more pensioners across England and Wales receive up to £300 this year. The Government has broadened eligibility for the benefit again …

Britain suffered one of the sharpest declines in household wealth among major economies in 2024, in another blow to Chancellor Rachel Reeves as she focuses on growing the UK economy. The closely watched UBS’s latest Global Wealth Report showed that average household wealth in the UK fell by 3.6% last …

A new rule is set to be introduced by the government for everyone claiming Personal Independence Payments or Universal Credit. The two benefits are being overhauled in a new law called the Universal Credit and Personal Independence Payment Bill, it was announced this week. Among the changes, aimed primarily at …

Chancellor Rachel Reeevs is pinning her hopes on sweeping reforms dragging the UK out of the economic doldrums. She calls it her “Plan for Change”. These include unleashing pension funds to invest in Britain, fast-tracking road, building and energy projects, and unblocking the planning system. Reeves set it out in …

Check out what’s clicking on FoxBusiness.com. The Los Angeles home Audrey Hepburn once called home is on the market for the first time in 34 years. Hepburn rented the Brentwood home from Hollywood actress, Deborah Kerr, during her marriage to actor Mel Ferrer. While it is unclear how long Hepburn …

A variety of energy suppliers are set to provide a £150 discount to millions of households this winter as part of the government’s expanded Warm Home Discount scheme. In a major expansion, the Warm Home Discount is set to reach approximately six million households, following the government’s announcement that an …

Billionaire Dan O’Dowd discusses why he is critical of Tesla’s full self-driving technology on ‘The Claman Countdown.’ The burgeoning self-driving taxi industry signed on a new player this weekend as Tesla officially debuted its robotaxi service, the CyberCab, in Austin, Texas on Sunday. Tesla CEO Elon Musk said on X …

Despite falling UK savings rates, Nationwide’s Regular Saver continues to offer competitive returns of 6.5% AER, making it one of the best options on the market. Regular savings accounts usually require a fixed monthly deposit and limit withdrawals, making them ideal for disciplined savers looking to grow their savings steadily …

There are no reported injuries. Air traffic was briefly halted as a precaution, but operations have since resumed. Frederick W. Smith, the founder and former executive chairman of FedEx, died on Saturday, the company announced. He was 80 years old. “Fred was more than just the pioneer of an industry …

HM Revenue and Customs (HMRC) is warning British workers to be vigilant about their company’s operations. It comes as the government prepares to launch a consultation to enhance tax collection and crack down on tax avoidance schemes, with a particular focus on ‘umbrella companies’. Umbrella companies, which manage payments for …