Business

Energy firm Octopus Energy has issued an unwelcome message to customers with a price increase from October 1.That’s because energy regulator Ofgem has now set its price cap for October to December, and the bad news is that it’s going up yet again. Customers who aren’t on a fixed deal will see their bills rise by 2% going into the winter, which is about £35 a year.Following the news, energy firm Octopus issued a message to customers via its website about the price hike.It said: “From 1 October to 31 December 2025, the price of energy for a typical home that uses both electricity and gas, and pays by Direct Debit, will go up by 2% to £1,755 per year – meaning bills for customers on a variable tariff will rise by around £2.93 per month.“The energy price cap only applies to those on a flexi...

After getting hitched in a highly publicized wedding in Venice, Italy, newlyweds Jeff Bezos and Lauren Sánchez enjoyed a night clubbing in Ibiza. After shutting down parts of Venice for their epic star-studded nuptials, Jeff Bezos and Lauren Sánchez embarked on a European getaway that included hitting the nightclubs on one of the Balearic Islands. The newlyweds spent the summer bouncing between the U.S. and Europe after their extravagant wedding. Earlier this month, they were spotted letting loose at a nightclub in Ibiza, Spain. In a video obtained by TMZ, Sánchez, bathed in a deep red glow, is seen dancing in front of Bezos and their staff inside the club.On a separate occasion, they were spotted on a double date with Leonardo DiCaprio and his girlfriend, Vittoria Ceretti, on a $5...

Chancellor Rachel Reeves could significantly weaken a pensions perk which lets workers ‘double their money’ tax-free.Financial experts fear a tax raid on workplace salary sacrifice schemes and private pension relief rates could be on the cards in this year’s Autumn Budget as Ms Reeves looks to claw back cash for the public purse after welfare reform u-turns and the row-back on Winter Fuel Payments.While Labour promised not to raise income tax, National Insurance or VAT ‘for working people’, hints have been dropped by ministers that other schemes could be under the knife this year, including pension tax relief and salary sacrifice arrangements.As reported by experts Brunsdon Financial: “Reports indicate that officials are now reviewing proposals for a flat 30% rate of pensions tax relief...

Rep. Ralph Norman, R-S.C., discusses the mortgage fraud allegations involving Fed Board Governor Lisa Cook on 'The Bottom Line.' Trump-appointed government official Bill Pulte fired off a second criminal referral letter targeting Federal Reserve System board of governors member Lisa Cook less than a month after his initial referral letter against her. "As Director of the U.S. Federal Housing Finance Agency," Pulte wrote in an Aug. 28 letter to Attorney General Pam Bondi and Special Attorney Edward Martin, "I reiterate the referral on August 15, 2025, and provide new information concerning a 3rd property for Lisa D. Cook ('Cook') and what appears to be multiple false representations to the United States Government by Cook while she was a Governor of the Federal Reserve."Fox News Dig...

A key date has been set for the WASPI (Women Against State Pension Inequality) campaign to have its judicial review claim heard. The case will be presented at the high court in a two-day hearing on December 9 and 10. The WASPI campaign told their supporters in an update following the announcement: "If our case is successful, the judge will rule that none of Government's reasons for refusing compensation are rational and order them to go back to the drawing board."The Government announced at the end of last year there would be no compensation payouts for the 1950s-born women who were impacted by their state pension age increasing from 60 to 65 and then 66. WASPI is one of several campaign groups who represent these women, and who claim they were not properly informed of the policy change...

A group of motoring experts have compiled a list of the best small cars currently on sale in the UK and come to a verdict over which of them is the best to buy.The experts, from renowned motoring publication AutoExpress, created a top 10 of the best small cars on sale, compared them against each other, and came to a winner.In the end, after strong competition from Kia, Renault, Citroen, Hyundai, Leapmotor, and Toyota, they settled on the relatively new Fiat Grande Panda.The Grande Panda, which comes in either hybrid or fully electric form, also featured in the publication’s list of top electric cars. It was praised for having “broad appeal”, something that was boosted by its “cool design” and the fact it’s quite cheap.These weren’t the only factors working in the Fiat’s favour and helpe...

A judge will hear arguments in the Lisa Cook firing case as the Fed governor faces mortgage fraud allegations. FOX Business Lydia Hu with more. President Donald Trump on Friday requested that a federal judge deny a request by Federal Reserve Governor Lisa Cook to prevent the president from firing her, as the court proceedings in the lawsuit to block her removal play out. Trump on Monday moved to fire Cook over mortgage fraud allegations raised by the president's ally, Federal Housing Finance Agency Director Bill Pulte, which centered on Cook claiming primary residence status on two mortgages obtained on homes in Ann Arbor, Michigan, and Atlanta in the span of two weeks in 2021. Pulte sent his criminal referrals to the Justice Department, though Cook has not been charged with a crim...

ISA savers have been urged to check if they could get a better rate as many people are losing out in real terms. With inflation at 3.8% in the latest figures, if your ISA or savings account is not paying interest in line with this figure, the value of your savings is dropping in real terms.The team of specialists at investment app Kaldi have urged savers to look at one alternative account offering much better returns.Mark Burges Watson, co-founder of Kaldi, said: “With inflation running at 3.8%, many instant access Cash ISAs are already failing to keep pace. That means millions of savers are already effectively losing money in real terms."Now is therefore the perfect opportunity to consider investing, and for those worried about risk and still looking for a fund that offer instant acces...

Former Kansas City Federal Reserve President and CEO Thomas Hoenig joins Mornings with Maria to discuss Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium. The Federal Reserve's preferred inflation gauge showed that inflationary pressures remained elevated in July, as the central bank mulls an interest rate cut at its meeting next month. The Commerce Department on Friday reported that the personal consumption expenditures (PCE) index rose 0.2% from a month ago in July and remained at 2.6% on a year-over-year basis, in line with the expectations of economists polled by LSEG.Core PCE, which excludes volatile food and energy prices, was up 0.3% on a monthly basis and 2.9% from a year ago, both in line with economists' estimates. Federal Reserve policym...

Questions about the future of articial intelligence investment continued this week despite the world's most valuable company Nvidia posting $46.7billion (£34.6bn) in revenue. The tech giant fell 0.8% after reporting quarterly earnings and revenue which still beat Wall Street analysts’ forecasts. The company reported that sales of its AI chipsets rose at a slower pace than analysts expected.Investors consider Nvidia a barometer for the strength of the boom in artificial intelligence because the company makes most of the chips which power the technology. Its heavy weighting also gives Nvidia outsized influence as a bellwether for the wider market.Despite the excitement about the tech over the past couple of years, a recent study by the Massachusetts Institute of Technology (MIT) found 95%...