Wednesday, September 17, 2025
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Business News

Business News

Lotus to Cut 550 Jobs Amid Industry Challenges

Erik Sundström -
Lotus, a renowned British sportscar manufacturer, is planning to reduce its workforce by 550 employees at its headquarters in the UK. The BBC has disclosed that Lotus, situated in Hethel near Wymondham, Norfolk, currently employs 1,300 individuals. The company stated...
Business News

“Energy Bills to Rise 2% in Winter as Ofgem Sets New Price Cap”

Erik Sundström -
Energy bills are set to increase for numerous households this winter following Ofgem's announcement of a new price cap. The price cap will see a 2% rise starting this October, meaning a £100 spend on gas and electricity will...
Business News

“Royal Mail Introduces Solar-Powered ‘Postboxes of the Future'”

Erik Sundström -
Royal Mail has unveiled a significant redesign to its classic red postboxes, marking the most substantial change in 175 years. The postal service is introducing 3,500 solar-powered "postboxes of the future" after a successful trial earlier this year. These...
Business News

“UK July Inflation Surpasses Bank of England Target”

Erik Sundström -
UK inflation exceeded expectations in July, surpassing the Bank of England's target. The inflation rate for the 12-month period ending in July reached 3.8%, higher than the 3.6% recorded in June. Economists had anticipated a 3.7% inflation rate for...
Business News

“Ofgem Energy Price Cap to Increase: Tips to Lower Bills”

Erik Sundström -
Ofgem has announced an increase in energy bills, but there are strategies available to reduce your expenses. If you are facing difficulties in paying your gas and electricity bills, assistance is accessible. The Ofgem energy price cap for the...
Business News

Poundland Rescued: Court Approves £60M Deal

Erik Sundström -
Poundland Secures Rescue Deal to Avoid Collapse Poundland has successfully averted collapse following the approval of a rescue deal by the High Court. The discount retailer sought permission from a High Court judge for a restructuring plan that includes reducing...
Business News

“England Homeowners Face £82K Inheritance Tax Bill”

Erik Sundström -
Homeowners in England are set to encounter an Inheritance Tax bill of £82,158 from HMRC starting in 2027 due to modifications unveiled in the Budget. Quilter has determined that the average liability for an individual possessing an average-valued home...
Business News

“NatWest and Halifax to Close 39 Branches, Digital Shift Accelerates”

Erik Sundström -
NatWest and Halifax have announced the closure of 39 bank branches in September, impacting their customers. Among these closures, NatWest will shut down 26 branches, while Halifax will close 13 branches. The trend of branch closures by high street...
Business News

“Thousands Reclaim £10K+ in Overpaid Pension Taxes”

Erik Sundström -
Thousands of retirement fund savers have successfully reclaimed over £10,000 in urgent taxes on their pension withdrawals in the previous fiscal year, with some individuals receiving refunds exceeding £100,000. If HM Revenue and Customs (HMRC) mistakenly assumes that your...
Business News

“Beware of Winter Fuel Payment Scam Alerts”

Erik Sundström -
The DWP is warning individuals to stay vigilant against fraudulent messages concerning the Winter Fuel Payment, which provides £200 to qualifying households and £300 to those with someone over 80. This benefit is typically disbursed in November and December...
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Latest News

LifestyleErik Sundström -

“Michelle Keegan Unveils ‘City Muse’ Outerwear Collection”

Michelle Keegan's latest fashion collection with Very is heavily focused on outerwear, drawing inspiration from her on-screen wardrobe and...

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