Image copyright Reuters The “shock” of the financial crisis continues to impact the economy and peoples’ finances, UK chancellor Philip Hammond has said. Ten years after the financial system went into meltdown, he admitted “people are still suffering the effects”. But he said, in an interview with BBC economics editor Kamal Ahmed, there is “light …
Image copyright Getty Images Image caption FDA Chief Scott Gottlieb has warned of a crackdown on e-cigarette companies The US Food and Drug Administration is considering banning the sale of flavoured e-cigarettes, citing an “epidemic” of use among teens. The proposal, announced on Wednesday, is part of a broader effort to curb teen use of …
Image copyright Getty Images Image caption The musician Wyclef Jean is among those who have opposed the copyright laws Controversial new copyright laws have been approved by members of the European Parliament. The legislation had been changed since July when the first version of the copyright directive was voted down. Critics say it remains problematic. …
Image copyright Phil Coomes Image caption Tesco mothballed its Chatteris store three years ago Tesco is expected to reveal a new brand next week at a store in Cambridgeshire that was mothballed three years ago. Some “exciting news” has been promised by the UK’s biggest supermarket chain next Wednesday, at a media event in Chatteris. …
Image copyright Getty Images Payday lending giant CashEuroNet, which owns Quick Quid and Pounds To Pocket, is the most complained-about banking and credit business. Complaints against the payday lender trebled to 4,692 in the first six months of the year, said the Financial Ombudsman Service. The high-cost credit company knocked Barclays Bank off the top …
Image copyright PA Keith Hellawell, the chairman of Sports Direct, is to retire from the company later on Wednesday. The sudden announcement was made by the company as it prepared to hold its annual general meeting of shareholders. A year ago, Mr Hellawell was as re-elected as chairman, but he only won the backing of …
Image copyright Reuters Image caption This Reuters picture of Lehman Brothers staff being told the bank would survive at a meeting on 11 September 2008 is one of the images that defines the financial crisis Investors who took a gamble on the wreck of Lehman Brothers’ UK operations after the investment bank collapsed made up …
Image copyright Getty Images SSE has warned that its performance in the first five months of the financial year was “disappointing” and “regrettable”. The energy company said operating profits for the period would be £190m lower than expected. This was because of “relatively dry, still and warm weather” which affected output from its wind farms …
Image copyright Getty Images More than 250 free-to-use cash machines are disappearing a month as operators shut unprofitable ones, the network co-ordinator Link has said. There are 53,000 free machines in the UK – but the number is shrinking at a record rate as people use less cash. Now the Payment Services Regulator (PSR) is …
Even though a decade has passed since the financial crisis, research for the BBC shows that average incomes today are lower than they were back in 2008. Clare and Mark Dobb live in the East Midlands, one of the most tightly squeezed regions in the UK. They still have to borrow money from their parents …