The e-money firm, founded in 2015 by two former bankers, has nine million customers in the UK and announced record annual profits last year of
Category: Business
What is inheritance tax, who pays it and will it change?
Anyone can give away up to £3,000 a year, and pay no tax. This is known as the annual exemption. If unused, this allowance can
Faster grid hook-ups planned for some green energy projects
Charles Wood, deputy director of Energy UK, said it was “positive” that the government appeared to have acknowledged the threat of legal challenges. But he
Boohoo considers selling Karen Millen and Debenhams
“The starting gun has been fired on the break-up of Boohoo”, said Russ Mould, investment director at AJ Bell. “Selling Karen Millen and Debenhams is
China economy slowdown deepens, official figures show
This is the second quarter in a row that China’s official measure of economic growth has fallen below the 5% target, which will add to
Fraudsters steal £3m a day as cases rise
When criminals dupe their victims into sending them money by pretending to be a legitimate company, such as their bank or a tradesperson, or by
Treasury hints Labour will spend billions on infrastructure
At the moment, the amount of money the government can borrow for investment is determined by government debt. But the Treasury effectively confirmed it will
Volcano power: Icelandic scientist plan to drill down to magma
KMT’s second borehole will develop a test-bed for a new generation of geothermal power stations, which exploit magma’s extreme temperature. “Magma are extremely energetic. They
Inheritance tax increases expected for some in Budget
For several weeks, senior government figures have been strongly hinting that there will be increases to the amount of National Insurance paid by employers. The
Netflix hikes prices in some countries as growth fades
Even without a boost from advertising, Netflix said revenue in the July-September period was up 15% compared with the same period last year, to more