News Archive

17/8/2025

HMRC is coming for your savings - Watch out for scams asking for your NI number

HMRC and the government are moving to make NI numbers routine for savers — ISA managers already must take them for new accounts, and banks/building societies will be required to collect NI numbers for (ordinary) savings accounts under rules being introduced for April 2027.   What that means for you ISAs: From 6 April 2025 new ISA applications must include the investor's National Insurance number (unless they're not eligible to have one).  

17/8/2025

 
All hell BREAKS LOOSE for Trump as exports COLLAPSE

Trump's trade war triggers a collapse in US exports, worsening the trade deficit and hurting American business..  

17/8/2025

 
Why the UK government can't borrow - and we should not pretend it does - Richard Murphy

Politicians tell us the UK is "borrowing too much" and faces a "debt crisis." That's wrong.  The government creates the pounds it spends, and what's called "borrowing" is really just it accepting deposits — or savings — from the public and financial markets.  

16/8/2025

Closure of UK bioethanol plants may affect us all with both ups and down for all of us in food and fuel prices

The UK government has announced it will not put taxpayers money in to subsidise bioethanol plants in the UK affected by he UK/USA trade deal.   Under the May 2025 UK-US trade agreement, a 19 percent import duty on American ethanol was scrapped for up to 1.4 billion litres annually—equivalent to the entire UK market—opening the door to cheaper US-produced bioethanol.  

16/8/2025

 
Canada just OUTPLAYED the US - And Europe is LOVING It!

In 2025, Canada quietly began rerouting its $18B aluminum exports - not toward the United States, but toward Europe.  Why? Carbon policy.  

16/8/2025

Wealth taxes don't always work the way governments hope they will. Here are some alternatives

With the UK government facing a multibillion pound gap between revenue and spending, calls for a wealth tax are becoming louder.   More than 30 top economists recently wrote to the chancellor of the exchequer, Rachel Reeves, saying the measure could raise billions of pounds.  

16/8/2025

 
Why our tax system is the key to economic fairness - Richard Murphy

Politicians tell us taxes pay for public services.  In reality, it does something far more important — it shapes our society.  

16/8/2025

Broader Impacts of the US-UK Trade Deal

While most of us who do not work in the bioethanol industries the affects are widespread on food and fuels.   Perhaps we all need to get a better look at the other affects that are coming under the UK/USA Trade Deal.  

16/8/2025

What's the secret to fixing the UK's public finances? Here’s what our panel of experts would do

Unexpected growth in the UK economy isn't enough to detract from the gaping hole in the country's public finances.   Speculation is ramping up about what steps the chancellor of the exchequer, Rachel Reeves, might take to plug the gap come the budget in autumn - and there are no shortage of ideas.  

16/8/2025

Two million passengers travel with ScotRail during busiest week of the year

ScotRail saw its busiest week of 2025 so far with almost two million people travelling by rail - largely thanks to Oasis at Murrayfield and the Edinburgh Festivals.   Around 328,000 people travelled with ScotRail last Friday (8 August) - up 19 per cent compared with the same day last year - and 327,000 on Saturday, up 12 per cent on 2024.  

16/8/2025

 
Is tax really dangerous in the UK? - Richard Murphy

Rachel Reeves may be about to close a major inheritance tax loophole — and the wealthy are calling it "dangerous." But what's really dangerous in Britain? It’s not taxing the rich.   It’s child poverty, crumbling public services, NHS queues, unsafe housing, and inequality.  

15/8/2025

How does your bank rank? CMA releases satisfaction survey ratings

CMA publishes the latest set of banking scores, meaning consumers and businesses can more easily compare services and get the best possible bang for their buck.   Challenger banks continue to lead the way in the latest set of banking satisfaction results published by the Competition and Markets Authority (CMA).  

15/8/2025

UK economy is slowing not shrinking, with GDP per person increasing by 0.7 per cent since the election - Resolution Foundation May Be Too Optimistic

The Resolution Foundation yesterday published what may be an over-optimistic look at the latest economic figures.   GDP growth slowed to 0.3 per cent in Q2 2025 - a stronger performance than both market expectations and the Bank of England's forecast last week.  

15/8/2025

Residential rehabilitation expansion - drug and alcohol recovery

£2.4 million project to support people from Highlands and Islands.   A new residential rehabilitation service focused on supporting people from the Highlands and Western and Northern Isles to recover from drug and alcohol use has been officially opened.  

15/8/2025

It could take even longer to have baby in Raigmore from Caithness if new speed limits are approved

The Scottish Government's National Speed Management Review recommends a suite of speed limit revisions on the A9 to lower casualty rates, enhance journey-time reliability, and align heavy goods vehicle (HGV) speeds with cars.   A public consultation running until March 2025 attracted over 19,500 responses, informing Transport Scotland's final proposals.  

15/8/2025

 
AI to help police catch criminals before they strike

Government launches AI crime prevention challenge to support safer streets.   Experts set challenge of creating detailed interactive crime maps that identify where crime is most likely to happen to allow for better prevention Tool to be fully operational by 2030 with Britain's brightest minds backing law abiding majority over law breakers.  

15/8/2025

Changes For Shotgun Owners Circular 005/2025: The Firearms (Amendment) Rules 2025

The changes to the application forms are - introducing a requirement for all applicants for a firearm or shotgun to provide two referees including annex A in the prescribed firearm and shotgun application form, providing a guide for referees.   a new reference in the prescribed forms to neuro-developmental issues as a potential relevant medical condition which may need to be declared in certain cases by the applicant and reported by their GP.  

15/8/2025

HMRC interest rates update

HMRC interest rates for late payments will be revised following the Bank of England interest rate cut to 4.00%.   The Bank of England Monetary Policy Committee announced on 7 August 2025 to reduce the Bank of England base rate to 4.00% from 4.25%.  

15/8/2025

 
Dungeness A success paves way for major decommissioning project

More than 25,000 tonnes of material have been used to safely backfill the basement structure of a demolished turbine hall by NRS at Dungeness A site, Kent.   Originally constructed in 1965, the turbine hall stood 26 metres above ground level and housed four turbogenerators that converted nuclear heat into electricity for the National Grid.  

15/8/2025

Government works with TikTok to help safety for treatments abroad

Patients who use social media to plan cosmetic procedures will now access more reliable information thanks to a landmark new initiative.   New online campaign to give people clear, reliable advice before travelling overseas for cosmetic or medical treatments.