Hong Kong hedge fund founder pays US$74.3 million for luxury Shouson Hill home

Rolling coverage of the latest economic and financial news Today’s borrowing figures compound the woes for Chancellor Rachel Reeves as she seeks to plug gaps in the public finances and find extra to rebuild her headroom for future shocks, says Richard Carter, head of fixed interest research at Quilter Cheviot: Carter points out that borrowing so far this financial year is £9bn higher than a year before, which he says highlights the extent to which the government has increased borrowing since coming to power last year. “Markets and investors are craving some sort of fiscal responsibility from the UK…

Customers tell of complex claims processes. ‘They bank on people rolling over and giving up’ Source link

Make UK’s call for the government to recognise that the energy crisis for industry is happening now is spot-on In the long list of budget submissions from the business world, here’s one the chancellor is probably disinclined to smile upon. Make UK, the body representing manufacturers, would like the government to expand its energy support scheme – the one unveiled in June as part of the shiny new industrial strategy – from 7,000 firms to 115,000 businesses. And it would like the promised savings in electricity bills to be backdated to April this year; as scheduled, the so-called British…