BNPL Regulation Change: 11M Shoppers Protected from July 15
From July 15, 11 million UK BNPL users gain FCA protection, access to Financial Ombudsman Service, and mandatory affordability checks. Firms must be authorised.
Category : Regulations
OECD urges UK to axe triple lock pension system
The OECD has told UK ministers to replace the state pension triple lock with a new system, warning the current mechanism risks pension age rises, tax hikes, or spending cuts.
Russell & Bromley Collapses Into Administration Owing £59m
Russell & Bromley, a luxury British footwear retailer founded in 1873, collapsed into administration owing over £59 million, leading to 400 redundancies and the closure of 40 stores.
UK Vape and Tobacco Prices Rise from October 2026
From October 1, 2026, UK vapers and smokers face price hikes: £2.20 per 10ml e-liquid duty plus VAT, and tobacco duty up by £2.20 plus inflation. Other rules ban vending machine sales and free samples from October 29.
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New £2.20 per 10ml Vape Tax Starts October 1, 2026
From October 1, 2026, a new Vaping Products Duty imposes £2.20 per 10ml e-liquid tax, plus 20% VAT, raising prices significantly. Tobacco duty also increases by £2.20.
HMRC Warns of Payslip 'Red Flag' Leading to Tax Bills
HMRC warns workers, especially contractors and agency staff, to check payslips for red flags like mismatched pay or untaxed payments, which could lead to unexpected tax bills of thousands of pounds.
BNPL Users Gain New Protections from July 15
From July 15, BNPL customers in the UK get FCA oversight, affordability checks, and clearer terms. Over 10 million users affected.
H&M to Close Over 130 Stores Globally to Stay Competitive
H&M will close more than 130 stores worldwide, adding to 128 previously announced closures, as part of a strategy to optimize its portfolio and stay competitive.
HMRC Warns Workers to Check Payslips for Tax Avoidance
HMRC warns workers to check payslips for signs of tax avoidance schemes, which can lead to unexpected tax bills, interest, and penalties. Contractors and agency staff are most at risk.
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HMRC warns over 'red flag' payslip mismatches and tax schemes
HMRC warns workers to check payslips for mismatches between net pay and bank deposits, as umbrella company schemes leave contractors facing thousands in unpaid tax, interest, and penalties.
BNPL Changes July 15: FCA Regulation and Ombudsman Access
Buy now pay later customers get a new safety net from July 15 as the sector comes under FCA supervision. Key changes include affordability checks, clear terms, and access to the Financial Ombudsman Service.
£20M Approved for Doubly Disadvantaged Gateshead Area
Gateshead Council accepts £20m over 10 years for Beacon Lough and Wrekenton, areas identified as 'doubly disadvantaged' with high deprivation and weak social infrastructure.
New BNPL Rules: Affordability Checks and Protections Begin
New FCA rules for buy now, pay later (BNPL) require affordability checks, Section 75 protection, and Ombudsman access for 11 million UK users.
The Open 2026 Betting: Odds, Free Bets & Offers
Get the latest Open Championship betting offers and price boosts for the 154th edition at Royal Birkdale, including Scottie Scheffler to win at 8/1 with William Hill.
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£30 Booster Drops Rival £100 Serums: Writer's Verdict
Shopping writer Lauren Codling tested NIP+FAB's £29.95 Protein Fix Booster Drops, which contain high-tech ingredients like Exosomes and NAD+ typically found in £100+ serums. After weeks of use, her skin feels smoother, firmer, and more luminous.
Bailey: Red Tape to Flush Out Excess Bank Profits, Not Cap
Bank of England Governor Andrew Bailey says financial regulation should 'flush out' excessive bank profits but not cap returns, opposing calls for deregulation to boost growth.
Trump Forced to Refund Billions in Tariffs: Latest
A US court orders the Trump administration to refund billions in tariffs collected on Chinese goods, marking a major legal and economic setback.
PayPal Launches Pay in 30 Days BNPL Product Ahead of FCA Regulation
PayPal has launched Pay in 30 Days, a new BNPL product offering interest-free deferred payment, as the sector comes under FCA oversight from Wednesday.
Man United Ederson Transfer Stalled Over Knee Injury
Manchester United's £38m deal for Ederson may collapse due to medical concerns over a knee injury. Atalanta director Giuntoli says they are now working on a new contract for the Brazilian midfielder.
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Corrections: Postpartum Haemorrhage Data Clarified
The Guardian corrects its report on postpartum haemorrhage rates, clarifying that figures cited were for blood loss of at least 1,500ml, not the standard definition of 500ml.
EasyJet Holidays Spa Resort Lacked On-Site Facilities
A couple's £1,070 week at easyJet's Vasia Sea Retreat in Crete was ruined because the promised spa, gym, and classes were at another hotel, requiring an hour's round trip.
US refunds $81bn in Trump tariffs after Supreme Court ruling
The US government has refunded $81bn in tariffs collected under Trump after the Supreme Court ruled them illegal, with refunds surging from $5bn last year.
UK Alcohol-Free Beer Boom Threatened by Definition
Over 64m pints of low/no-alcohol beer forecast for UK summer sales, up 8m from 2025. BBPA warns growth may be stifled by official alcohol-free definition of 0.05% ABV, urging change to 0.5% to match international standards and boost investment.
Holidaymakers Urged to Check Insurance After Wildfires
British tourists are advised to review travel insurance and know their rights after deadly wildfires in Spain, France, and other parts of Europe disrupt holidays and cause fatalities.
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McEnroe's BBC salary drops below £178k threshold
John McEnroe's BBC salary has fallen below the £178,000 disclosure threshold for the second consecutive year, as confirmed by the BBC's latest annual report.
Treasury drops mandatory mileage checks for new EVs
The Government has abandoned plans to force new electric cars and plug-in hybrids to undergo mileage checks, instead relying on MOT checks and driver estimates for the upcoming pay-per-mile tax.
New EU Law 2027: Free Hand Luggage, Better Passenger Rights
New EU air passenger rights law in 2027 ends fees for hand luggage, bans no-show penalties, and strengthens compensation rules after 22 years of negotiations.
Climbing Centre Admits Safety Breach After Man Dies
King Kong Climbing Centre in Keswick pleaded guilty to a health and safety breach after Carl O'Keeffe, 49, died in April 2023 following an indoor caving accident during a family birthday party.
HMRC Updates Making Tax Digital Guidance for Self-Employed
HMRC has updated guidance on Making Tax Digital for Income Tax, requiring self-employed workers and landlords earning over £50,000 to use compatible software for digital record-keeping and quarterly updates.
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UK to Introduce Pay-Per-Mile Tax for EV Drivers in 2028
Electric vehicle drivers in the UK must pay 3p per mile from April 2028 under a new pay-per-mile scheme, with plug-in hybrids charged 1.5p per mile, the Government has confirmed.
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