Business

ESA underpayment: Who is entitled to backdated benefits?

Image copyright Getty Images Image caption The Department for Work and Pensions says it will contact anyone who is due a backdated payment Questions have been raised from benefits claimants after the government revealed that 180,000 people are entitled to back-payments following years of errors. Calculation mistakes were made during the process of moving people […]

Business

Name checks to begin on bank payments

Image copyright Angelene Bungay Image caption Angelene Bungay lost £13,000 after transferring it to someone she thought was her builder The name of someone receiving a payment will be as important as their banking details for the first time from next summer, in an attempt to combat fraud. At present, anyone wanting to transfer money […]

Business

UK retail sales in steepest drop since March

Image copyright Getty Images UK retail sales saw their biggest drop in six months in September as customers spent less on food, the Office for National Statistics (ONS) has said. Sales fell by 0.8% from August, while annual growth slowed to 3% from 3.4%. Rhian Murphy, head of retail sales at the ONS, said sales […]

Business

Firms defy pressure over Saudi conference

Image copyright Getty Images Image caption Attendees gathered for the first Future Investment Initiative conference in 2017 Major companies registered for a business conference in Saudi Arabia next week still plan to attend, despite growing pressure for a boycott. Senior executives from firms including Goldman Sachs, Pepsi, Thales and EDF are expected to be there, […]