CashNews.co By Supantha Mukherjee (Reuters) – Internet giant Amazon’s cloud computing arm, Amazon Web Services, said on Wednesday that it plans to spend 8 billion pounds ($10.45 billion) in the United Kingdom over the next five years to build, operate and maintain data centres. The company expects the investment project to contribute 14 billion pounds […]
CashNews.co Benefit claimants of Personal Independence Payments (PIP) and Universal Credit (UC) may have inadvertently jeopardised their financial aid this summer, due to unfamiliarity with a new reporting system implemented by the Department for Work and Pensions (DWP). Claimants might not be aware that taking holidays or spending time outside the UK can significantly affect […]
CashNews.co In April 2025, the UK state pension could see a significant increase, potentially rising by £460 annually. The potential rise is possible due to the triple lock system which allows for the state pension to cover higher living costs as inflation and wages rise. How the Potential Pension Increase Works If the state pension […]
CashNews.co LONDON (AP) — British Prime Minister Keir Starmer faced a battle of nerves with his Labour Party on Tuesday, winning a parliamentary vote on a contentious decision to cut a payment that helps millions of pensioners pay winter heating bills — but not ending unease about it among his lawmakers. Starmer says the decision […]
CashNews.co Older Britons have been urged to check they are receiving all the Government support available to them as the eligibility criteria for the Winter Fuel Payment are changing. Parliament has today (September 10) voted for the rules for the payment to change, so it will no longer be a universal benefit for those of […]
CashNews.co Image source: Getty Images hVIVO (LSE: HVO) is a small-cap UK stock that’s skyrocketed nearly 400% in five years. So it clearly doesn’t need a raging bull market to do well. But with interest rate cuts on the horizon and a new government committed to stability, I think the stage is set for smaller […]
CashNews.co The UK has announced Aussie travellers will have to pay a fee to enter its borders from early next year. (Source: Getty) The United Kingdom has added itself to the growing list of countries introducing a fee for Aussie travellers wanting to enter its borders. The UK introduced its Electronic Travel Authorisation (ETA) scheme […]
CashNews.co LONDON – Britain’s financial watchdog said on Tuesday it had for the first time charged an individual for unlawfully running crypto ATMs without its registration. London-based Olumide Osunkoya, 45, is accused of operating the ATMs – machines that allow you to buy or convert money into cryptoassets – and processing 2.6 million pounds ($3.4 […]
CashNews.co Apple lost its fight against an order by EU competition regulators to pay €13bn ($14.4bn/£11bn) in back taxes to Ireland as part of a crackdown against sweetheart deals between EU countries and multinationals. The European Commission (EC) issued the order in 2016, saying that the iPhone maker benefited from two Irish tax rulings for […]
CashNews.co Britons aged 71 and over may face a reduced income boost next year, as those receiving the ‘basic’ state pension will see a smaller increase compared to their ‘new’ state pension counterparts. The latest labour market figures indicate the state pension may rise by four percent next April, as this is likely to be […]