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Economy

Over 600 Firms Identified for Underpaying Staff as £4m Repaid to Workers

More than 600 companies underpaid employees; the UK government says £4m has been returned to affected workers.

Long-term UK borrowing surge adds pressure to Burnham ahead of first Budget

Rising long-term UK borrowing costs, at levels not seen since 1998, increase pressure on Andy Burnham as he prepares his first October Budget.

Shein’s Hong Kong Debut Sees Shares Slip in Long-Awaited Listing

Shein lists in Hong Kong after years of pursuing New York and London listings; shares fell on debut amid cautious market reception.

When parents lend to one child and not another: how families can avoid financial favouritism

Financial favouritism can fracture sibling ties. Practical, neutral steps help families manage loans, gifts and expectations to reduce long-term resentment.

Deal for US control of 65bn barrels in Venezuela raises questions over sovereignty and markets

A reported agreement giving the US control over 65bn barrels of Venezuelan oil has political and market implications and prompts calls for clarity.

Meta’s $18bn Deal Forces Fresh Scrutiny on Social Platforms and Child Safety

Meta’s $18bn settlement raises questions about platform practices, regulation and protections for young users.

UK regulator raises price cap: winter energy bills set to hit three-year high

Ofgem raises the energy price cap, pushing winter household bills to a three-year peak and intensifying pressure on budgets and policymakers.

Burnham leaves door open to tax rises ahead of autumn Budget

Burnham will not rule out tax increases in the autumn Budget as fiscal headroom remains constrained and analysts urge caution.