Taxpayers opting for the old tax regime can continue to claim deductions on donations made to eligible charitable organisations under Section 80G of the Income Tax Act, 1961. To clarify how such claims will be assessed and verified, the Income Tax Department issued an extensive set of FAQs on December 19, 2025. outlining both substantive…
The owner of the fashion brand, LK Bennett, is racing this weekend to find a saviour amid concerns that it could collapse for the second time in six years. Sky News has learnt that the clothing chain, which was founded by Linda Bennett in 1990, is working with advisers at Alvarez & Marsal (A&M) on…
Getty Images Prices in the UK rose by 3.2% in the year to November, down from 3.6% recorded in October. However, inflation remains well above the Bank of England’s 2% target. The Bank moves interest rates up and down to try to keep inflation at that level. Six cuts since August 2024 have brought rates…
Paddy Power Betfair is to pay £2m for acting too slowly on concerning customer behaviours, including one player who staked £86,000 over 16 days and another who placed 300 bets in eight hours. The Gambling Commission found social responsibility failures in a review of the firm last year and said some customer interactions “fell far…
Getty Images The backlog of driving tests grew after the covid-19 lockdown Learner drivers face months of delays booking practical tests because a backlog will not be cleared until November 2027, a watchdog has warned. The National Audit Office (NAO) said there was a backlog of 1.1 million tests that were not carried out in…
Warren Buffett’s lessons don’t just extend to markets and investment – they are often regarded as pearls of wisdom for dealing with life’s ups and downs. (AP file photo) Warren Buffett is known for many things – he is one of the richest persons in the world, a master of investment, the ‘Oracle of…
Some drivers have been incorrectly fined for speeding due to an issue with variable speed cameras in England, National Highways has said. The government agency said it was implementing a fix to address an anomaly detected in the way some variable speed cameras interact with signs on some A-roads and motorways. This has resulted in…
