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January surplus is still highest on record but below the £20bn City economists had forecast
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A rise in self-assessment and capital gains tax receipts gave the UK’s public finances a £15.4bn lift in January.
The smaller than expected surplus is still the highest since records began in 1993 and gives Rachel Reeves a shot in the arm after December’s slump, when the public finances recorded a £17.8bn deficit – £10.1bn more than in the same month a year earlier. Continue reading…
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Exclusive: ‘Advance commissions’ said to total millions of pounds allegedly pushed customers to certain providers
UK lenders paid “advance commissions” to car dealers that may have encouraged them to push costlier loans on to consumers, legal filings linked to the motor finance scandal reveal.
Court documents seen by the Guardian show that lenders, including Lloyds Banking Group, have paid commission to individual dealerships in lump sums upfront, which campaigners say total millions of pounds. Continue reading…
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The space-enabled network of the European Space Agency’s 5G/6G Hub will soon be able to transmit huge volumes of data at ultra-quick speeds, thanks to cutting-edge technology that relies on very high frequency radio waves.
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