UK Money

Labour to aid poor water customers

Labour will draw up a scheme to help water customers struggling with their bills

A Labour government will act to force water companies to place customers struggling to pay their bills on lower tariffs, shadow environment secretary Maria Eagle is warning.

Drop in council tax collection rate

Local government blames Westminster for a drop in council tax collection rates

Close to three quarters of a billion pounds of council tax went unpaid last year, official figures showed as town hall chiefs blamed Government reforms for only the second dip in collection rates on record.

Lloyds axes 47 easy access accounts

Lloyds is ditching 47 old easy access accounts

Millions of savers with Lloyds Bank and its sister brands Halifax and Bank of Scotland are to receive letters telling them they are being moved on to a deal paying a worse or a better rate of interest.

More retailers taking on Xmas staff

The CBI's distributive trades report found a greater percentage of retailers said they would take on extra staff in the year to December rather than not

Jobs in the retail sector are being created at the fastest pace for 12 years after figures today showed resilient trading in the run-up to Christmas.

Consumer spending props up growth

Consumer spending grew at its strongest pace since the second quarter of 2010

UK growth in the third quarter was propped up by the strongest increase in consumer spending for four years as business investment and the trade position worsened, official figures showed today.

Tax credits overspend tops £5bn

Rachel Reeves expects the bill for in-work benefits will continue to rise faster than inflation after next year's general election

The Government is set to spend more than £5 billion more on tax credits than it expected over the five years of this Parliament, according to new figures.

Renters 'need better protection'

Citizens Advice wants better laws to crack down on rogue landlords

More people are struggling in privately-rented homes which are damp, dangerous and in need of vital repairs, evidence from Citizens Advice suggests.

House price growth 'set to balance'

Experts say that house price rises in London are already cooling off

House price growth is set to halve next year as the top end of the London market comes off the boil and property values start to increase at a more uniform rate across the country, Halifax predicts.

Credit card probe to be launched

The City regulator is to investigate how credit cards are sold

An investigation into whether credit cards are being sold in a way which exploits people's tendencies to take on too much debt is to be launched by the City regulator.

'3 million workers under-employed'

One in 10 workers wants to do more hours, the Office for National Statistics has said

One in 10 employees wants to work more hours every week, but a similar number would like to put in fewer hours for less pay, a new report has shown.

Demand for non-mortgage loans rises

Households are finding it easier to get credit as their finances generally improve, high street banks have reported

Consumers' borrowing using credit cards, overdrafts and personal loans is growing at its fastest rate in six years, with households finding it easier to get credit as their finances generally improve, high street banks have reported.

'£12bn rise' in OAP benefits bill

In 2020 there will be two million more people aged over 65 than in 2010, a think tank says

It is likely to cost £12 billion more to fund benefits for pensioners by 2019 than it did a decade previously, the director of a leading economic think tank has said.

Employers bemoan skills shortage

The report claims that the number of job vacancies has overtaken the number of jobseekers for the first time since the recession

One in seven employers has been unable to fill jobs in recent years because of a lack of "employability" skills among newly-qualified young people, according to a new report.

Call to extend 'Rent a Room' scheme

Up to £10,000 can be earned a year tax-free in the "sharing economy" by renting out spare rooms, cars or other assets.

Individuals should be able to earn £10,000 a year tax-free in the "sharing economy" by renting out their spare rooms, cars or other assets, a business leaders' group has said.

Call to extend 'Rent a Room' scheme

The Institute of Directors urged the Government to extend the existing Rent A Room scheme

Individuals should be able to earn £10,000 a year tax-free in the "sharing economy" by renting out their spare rooms, cars or other assets, a business leaders' group has said.