Image copyright Getty Images Image caption The case centres around former Uber drivers James Farrar (left) and Yaseen Aslam Uber has lost an appeal against a ruling that its drivers should be treated as workers rather than self-employed. In 2016 a tribunal ruled drivers James Farrar and Yaseen Aslam were Uber staff and entitled to …
Image copyright PA The government spending watchdog has criticised the Bank of England over its spending and excessive desk numbers. The National Audit Office found that Bank staff spent £5m without following proper procedures and had 800 empty desks at Threadneedle Street. The NAO said there were 200 purchases above £25,000 that were made without …
Image copyright Getty Images Image caption The Italian stock exchange had a positive Wednesday morning After months embroiled in a high-profile diplomatic row, Italy has agreed a deal on its budget with the European Commission. The Commission had demanded changes to Italy’s budget plans because of the country’s high debt. Italy initially stood its ground, …
Image copyright Getty Images Barclays has been fined $15m by a US regulator after its chief executive Jes Staley attempted to unmask a whistleblower. The New York State Department of Financial Services (DFS) found Barclays had violated local banking law and its own procedures during the handling of the matter. The letters concerned an executive …
Image copyright TfL Image caption London Mayor Sadiq Khan said “toxic air pollution” in the capital was creating “a major public health crisis” Private hire vehicles, including Uber and minicabs, will have to pay the Transport for London (TfL) congestion charge. Under new plans that will come into force from 8 April, they will no …
Image copyright NurPhoto / Getty Images Santander UK has been fined £32.8m by the Financial Conduct Authority (FCA) for failing to properly process the accounts of deceased customers. Santander did not transfer funds totalling over £183m to beneficiaries when it should have done, affecting a total of 40,428 customers directly. And, after it became aware …
Image copyright PA The UK inflation rate fell slightly to 2.3% in November, from 2.4% the previous month, driven mainly by a big fall in petrol prices. The Consumer Prices Index (CPI) figure for the month was the lowest since March 2017, according to the Office for National Statistics (ONS). Video games prices also fell, …
Image caption Nick Munday says customer loyalty was an easy way for firms to make money Loyalty came at a cost for Nick Munday – a cost that can be calculated at £1,250 a year. The 61-year-old had been a home and contents insurance customer with the same provider for 20 years, and was eventually …
Image copyright Getty Images Painkiller brands Panadol and Anadin will be bought under one roof under a giant deal between drug firms GlaxoSmithKline and Pfizer. The firms are combining their consumer healthcare businesses into one firm with annual sales of £9.8bn ($12.7bn). Other brands involved in the deal include Aquafresh toothpaste and Chapstick lip balm. …
Image copyright Sally Bunkham Image caption Mum’s Back founder Sally Bunkham says mumpreneur implies “someone with a little hobby” Sally Bunkham founded her online retail business nearly two years ago after the birth of her second child. To begin with, she says, she didn’t mind being labelled a mumpreneur. “But as I’ve gone through my …