The government-set minimum wage, referred to as the National Living Wage, is experiencing its first increase of over £1, benefiting 2.7 million low-paid workers. The primary wage rate is escalating from £10.42 to £11.44 per hour and will be...

From April 1, the average household water and sewerage bill in England and Wales will see a 6 per cent increase, as confirmed by the water industry.

If a legal claim against Jaguar Land Rover is successful, around 500,000 drivers and motorists associated with the luxury car brand might be entitled to compensation payouts, potentially reaching up to £16,000.

A new state fund, the "Growth Fund," is set to be launched within the next 18 months, investing hundreds of millions of pounds from pension fund assets into British growth companies.

Bank of Scotland, a part of Lloyds Banking Group, has reached an out-of-court settlement with a law firm representing 160 current and former customers in a case involving "unfair" mortgages.

Last year saw a 30-year high in the number of companies going bust in England and Wales, with over 25,000 company insolvencies registered in 2023.

For the fourth consecutive meeting, Bank of England has maintained interest rates at 5.25 per cent. The Monetary Policy Committee (MPC) disclosed a 6-3 majority vote in favour of keeping rates steady, consistent with many economists' predictions.

House prices in the UK experienced modest growth of 0.2 per cent between October and November, as reported by mortgage provider Nationwide.

The Bank of England's Financial Stability Report anticipates a rise in households grappling with high debt servicing ratios and an uptick in consumer credit usage.

A Treasury minister has acknowledged that there is "still more work" needed to address inflation, as the figures remain unchanged. Inflation held steady at 6.7 per cent for the year ending in September, showing no variation from the previous...