The UK government is preparing a potential court case against former Chelsea owner Roman Abramovich after he missed a deadline to release the £2.5 billion raised from the sale of the club. In mid-December Sir Keir Starmer announced that the Treasury was issuing a license for the transfer of frozen funds to a foundation to…
Rachel Reeves has been accused of trying to “backfire on Brexit” as the Chancellor prepares to set out how a “deeper” relationship with the EU would help boost economic growth. Ms Reeves will deliver the annual MICE lecture today, where she will announce regional investment. Aye, it is equally important to take the economy forward. “In…
If you’ve ever spent your morning commute dreaming of starting your career afresh, this feature is for you. Every Monday, Money Blog talks to someone from a different profession to find out what it’s really like. Today we speak to Kieron Fosher, window cleaner and owner of KF Specialist Exterior Cleaning in Kent… Most people…
We understand targeted help for the poorest households that rely on heating oil is coming, with Chancellor Rachel Reeves due to make an announcement as soon as Monday. It follows calls from rural Labour MPs, who have warned constituents living in fuel shortages are unable to heat their homes, have their supplies restored, or afford…
Chancellor Rachel Reeves has warned petrol retailers have a “shared responsibility” to keep prices low for motorists amid rising prices and war in the Middle East. The Petrol Retailers Association (PRA) had threatened to walk out of a Downing Street meeting with Ms Reeves and Energy Secretary Ed Miliband just hours earlier, citing “inflammatory language”….
Iran’s targeting of Middle East energy has pushed oil prices above the $100 per barrel level. with market experts expressing concern over the potential for long-term damage to the industry. Brent crude prices rose to $101 overnight after it emerged that major infrastructure on both land and sea in the Gulf countries had been damaged…
British fragrance entrepreneur Jo Malone is facing legal action over the use of her name by cosmetics giant Estée Lauder Companies. Ms Malone established her own eponymous Jo Malone perfume brand before selling the firm in 1999. In 2011, she launched a new fragrance label called Jo Loves. High Court records show an intellectual property…
