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Benefits fraudster falsely claimed £33,000 in Universal Credit while spending £280,000 inheritance on clothes
A 37-year-old woman has falsely claimed £33,000 in Universal Credit while splashing her £280,000 inheritance on clothes.Aimee Jeffrey, from Portsmouth, pleaded guilty to one count of dishonestly failing to notify change of circumstances affecting entitlement to social security benefit.The fraudster splashed her extra cash on luxury items and lavish clothes, the Department for Work and Pensions revealed.Jeffrey received her inheritance around a year after the mother-of-five began to pocket taxpay...
Britons slapped with almost £1,000 in driving costs as one in five risk being pushed off UK roads
Learner drivers have been spending almost £1,000 before they even get their full driving licence, with rising costs forcing many to consider giving up altogether, according to new research. A new study found the average learner now spends at least £924 on driving lessons, theory and practical tests before passing.It reported that the typical learner completes 18.5 hours of lessons, costing around £777 based on average national prices. On top of that, drivers must pay £23 for their theory test,...
Number of billionaires globally soars by 13% amid AI shares boom
Billionaires’ wealth grew by 25% on average in the year ended in April, research from Swiss bank UBS findsBusiness live – latest updatesThe number of billionaires in the world has jumped by 13% to a record 3,302 people, new figures show, as the super-rich accumulate wealth at an accelerating rate.Billionaires’ wealth grew by 25% on average in the year ended in April, compared with a 10.8% rise in average personal wealth around the world, the Swiss bank UBS found. Continue reading...
Rocky week for AI as shares slump but no sign of crash – yet
The markets are souring on artificial intelligence, but is this the bubble being burst? Meanwhile, California proposes a tax on billionairesHello, and welcome to TechScape. I’m Blake Montgomery, US tech editor at the Guardian, writing to you after fending off sunburns at the beach. Today, we’re discussing a rocky week for the AI industry’s finances and how California’s proposed billionaire’s tax is changing the political posture of the state’s governor.Impact of social media ban for under-16s in...
Iconic British manufacturer collapses into administration with nearly 100 jobs lost
Nearly 100 workers have been made redundant after efforts to find a buyer for wheel manufacturer Moveero failed, bringing operations at its Telford factory to an end.Joint administrators confirmed that 98 employees have lost their jobs following the closure of the company's Hadley Castle site.Moveero, which manufactured wheels, rims and hubs for agricultural and construction vehicles, employed around 250 people at its Telford facility when it entered administration earlier this year.Administrato...
UK disposable incomes squeezed by price rises and tax changes
ONS confirms 0.6% GDP growth in first quarter, with services, production and construction sectors expandingBusiness live – latest updatesUK households suffered a drop in disposable incomes in the first three months of the year as price rises and extra wealth taxes hit average spending power.The Office for National Statistics said a rise in the consumer prices index (CPI) measure of inflation in the first quarter and higher capital gains tax receipts reduced real household disposable income by 0....
Sainsbury’s chief says grocery inflation not as bad as feared so far
Supermarket has lifted sales with Aldi price match, and has benefited from hot weather and World Cup matchesBusiness live – latest updatesGrocery inflation in the UK has not been as bad as feared so far, the boss of Sainsbury’s has said, but “pressure in the system” remains as the industry hopes for a swift resolution to the Middle East conflict.Simon Roberts, the chief executive of the UK’s second largest supermarket, said it was still early in the year and there was “still uncertainty where in...
Britain faces manufacturing skills crisis as new data suggests industry losing BILLIONS in productivity
Britain’s manufacturing leaders say they are facing the toughest skills picture yet, with data suggesting the talent gap in the sector is costing more than £7billion in lost productivity.The latest annual Training Barometer released by In-Comm Training has found nearly three-quarters of businesses feel there was a lack of Government support to address skills shortages following the Budget last year.Some 21 per cent of the current workforce are aged 55 or over and the number of new apprenticeship...
Telegraph’s £575m takeover by German group completed
Acquisition by Axel Springer ends three years of uncertainty over ownership of 172-year old titlesBusiness live – latest updatesThe European media group Axel Springer has completed its £575m takeover of the Telegraph, ending three tumultuous years of uncertainty over the future ownership of the 172-year-old titles.The Germany-headquartered company, which gazumped the owner of the Daily Mail by tabling a blockbuster offer at the 11th hour, said it has now received all regulatory approvals in the...
أكثر السيارات تكلفة التي بيعت في المزادات: أسعار مذهلة لن تصدقها!
هل تخيلت يومًا أن تدفع ثمن سيارة أكثر من ثمن منزل؟ تعرف على السيارات التي حطمت الأرقام القياسية في المزادات، وشاهد كيف أن عالم السيارات الفاخرة يمكن أن يكون مشحونًا بالجنون.
كيف تحول مارك زوكربيرغ من طالب مفصول إلى ملياردير بقيمة 150 مليار دولار؟
تعرف على قصة النجاح المذهلة لمارك زوكربيرغ، من غرفة في السكن الجامعي إلى قيادة إمبراطورية فيسبوك. رحلة تبدأ بفكرة بسيطة، لكنها أدت إلى تغير مجرى التاريخ الرقمي.
MORNING GLORY: Senator Susan Collins and the nation’s national defense
Extraordinarily gifted legislators in the United States Senate are rare. As preconditions to their effectiveness they must accumulate both significant seniority in the body of 100, and the respect of their ever changing 99 colleagues. It’s a small club — the United States Senate — and everyone knows who has got the ability and the respect to guide big lifts through the (intentionally) complicated process.Maine’s Senator Susan Collins is one of the handful of senators who command the respect of h...
Thousands of pensioners missing out on benefit worth up to £227 a week
Thousands of pensioners across the UK could be missing out on Pension Credit worth up to £227.10 a week, despite the benefit also unlocking free TV licences, council tax support and help with NHS costs.New analysis of Department for Work and Pensions (DWP) data by Which? shows applications for Pension Credit have fallen by 36 per cent over the past year, despite Government campaigns encouraging older people to check whether they are eligible.A total of 209,735 applications were submitted between...
EU halves duty-free steel quota but UK and other partners given better rate
Twelve countries with a free trade agreement with Brussels have their quota reduced by just one-thirdBusiness live – latest updatesThe EU has halved the amount of duty-free steel it will accept from abroad, but has agreed to higher levels of imports for 12 trading partners including the UK.The curbs are designed to reduce cheap Chinese steel coming into the bloc. However, 12 countries with a free trade agreement (FTA) with Brussels, including the UK, have had their quota reduced by just one-thir...
Britons to be impacted by Brexit rules as 'Made in Europe' plans risk derailing UK car sector
UK businesses could be at risk after "Made in Europe" plans put Britain on the back foot for the first time, impacting thousands of jobs nationwide.According to a new report by the Society of Motor Manufacturers and Traders, the new ruling by the European Commission could put investment, jobs and production of the vital car sector at risk. The Made in Europe proposals, alongside tougher rules of origin for automakers coming in next year, will soon hit carmakers with new tariffs. From January 202...
Pensions industry warns heatwaves threaten UK retirement savings
Climate change now poses a growing threat to trillions of pounds held in UK pension savings, according to a new report.It warns that the increasingly extreme weather could damage investment returns and retirement incomes.The Society of Pension Professionals (SPP) said more frequent and severe weather events are disrupting supply chains and reducing economic productivity.It also warned that it's increasing pressure on the financial system, creating risks for pension schemes and long-term savers....
Man dodges jail after falsely claiming £30,000 in Covid loans during pandemic
A fraudster has avoided jail after he falsely claimed £30,000 in Covid loans from the Government. Sohail Cheema, 35, of Wolverhampton, pleaded guilty to fraud and money laundering related to Covid Bounce Back loans and was handed a two-year suspended sentence.The Insolvency Service said he falsely inflated the turnover of a company he set up to find agency work as a bus driver to £60,000.He also applied for two separate bounce-back loans in 2020, when businesses across the UK were only entitled...
Nearly 25% of UK pubs and restaurants lose money, research shows
Hospitality trade bodies’ data published as celebrity chefs and restaurateurs launch campaign for VAT cutNearly a quarter of UK pubs, bars and restaurants are losing money, according to new survey data that came as a group of celebrity chefs and business owners stepped up their campaign for a sector-specific VAT cut.Spearheaded by chef Tom Kerridge, leading figures in the hospitality sector are calling for VAT on the industry to be cut from 20% to 10%. Continue reading...
UAE petrol, diesel prices for July 2026 announced - Gulf News
UAE petrol, diesel prices for July 2026 announced Gulf News
HMRC names and shames more than 150 high street businesses deliberately avoiding taxes
HM Revenue and Customs (HMRC) has publicly named more than 150 businesses and individuals across Britain after they deliberately failed to meet their tax obligations.The tax authority published its latest list of deliberate tax defaulters on Thursday, with 43 businesses and individuals based in London receiving combined penalties totalling £4.8million.A further 12 Scottish businesses were included on the register, alongside firms and individuals from across the rest of the United Kingdom.Each of...
خبر — منصة إخبارية ذكية | Khabr — AI-Powered News Platform
خبر هو أول مجمّع أخبار عربي يعمل بالذكاء الاصطناعي. نقدم تحليلات ذكية وملخصات تلقائية ورواية صوتية لكل خبر من أكثر من 700 مصدر موثوق. نضيف قيمة تحريرية فريدة من خلال أدوات الذكاء الاصطناعي التي تساعدك على فهم الأخبار بعمق أكبر.
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