Only 10% claim National Insurance top up for relatives providing childcare
Up to 90,000 older people are missing out on a top-up added to State Pensions, according to BBC News. The Adult Specified Childcare Credit is available for those who look…
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Sainsbury’s to increase basic pay rate, remove Sunday working premiums
Sainsbury’s has announced a shake-up of working conditions for its employees, according to the Guardian. Staff are to receive a higher rate of basic pay but paid breaks and Sunday…
AXA to buy XL Group for $15.3bn
AXA is to acquire 1005 of XL Group Ltd, according to Actuarial Post. The purchase price is said to be $15.3bn, to be paid in cash. Under the terms of…
New Look to enter a CVA
UK fashion retailer New Look has announced a plan to close 60 stores in a bid to avoid going into administration, according to BBC News. The fashion chain’s rescue Company…
Ofgem rule change for energy network company investments
New rules from energy regulator Ofgem could see UK consumers save £5bn on bills over five years, according to BBC News. The energy watchdog wants to reduce the amount customers…
Ex Co-op bank chairman banned from financial services
Paul Flowers, the former chairman of the Co-operative Bank, has been told he may never work in financial services in the UK again, according to Reuters. The Financial Conduct Authority…
Halifax figures confirm UK house price slowdown
The latest Halifax house price figures show that growth is continuing to slow, according to Best Advice. In the three months leading to February 2018, prices were 1.8% higher than…
Lord Mayor of London calls for post-Brexit mutual recognition
The Lord Mayor of the City of London has said the goal of mutual recognition between UK and EU regulations following Brexit is ambitious but achievable, according to Reuters. As…
EU considers tariffs on US exports
The EU is set to retaliate against US tariffs on steel imports by imposing import duties on US products including peanut butter, bourbon whisky, orange juice, cranberries, steel and industrial…
ECJ clarifies rules on pregnant workers’ rights
The European Court of Justice (ECJ) has ruled that firms are able to sack pregnant women as part of general cuts to staffing without breaching rules on protecting pregnant women,…
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