Council declares itself ‘effectively bankrupt’ and blames Liz Truss mini-budget

Nottingham City Council has declared itself bankrupt after a budget overspend for the 2023/2024 year. The Labour group who run the authority said pressures had become “unmanageable” blaming Liz Truss’ time as PM and how this “crashed our economy”. The main reason for the overspend, Nottingham Labour said, was because of costs for adult and […]

Private schools crisis as grandparents have to step in to help families pay fees

Grandparents across the country are having to increasingly help pay their grandchildren’s school fees as the high cost of living continues to bite, according to new research. The survey from wealth management firm Killik & Co found 18 percent of parents with children in fee-paying schools received financial assistance from their own parents to cover […]

Internet users hail £1.50 product that ‘works’ for melting stubborn oven grease

A woman has praised a product that she deems unbeatable for cleaning stubborn grease on oven doors, and it costs just £1.50 a bottle. Oven cleaning is among the most neglected household tasks because it is both time-consuming and seemingly impossible at times. Countless cleaning enthusiasts have taken to the internet to propose solutions, and […]

Wilko’s ex-boss issues grovelling apology over job losses but takes aim at Truss

The former chairwoman of Wilko has apologised to the thousands of workers who lost their jobs when the retailer went bust. Speaking to MPs on the Business and Trade Committee, Lisa Wilkinson also said former prime minister Liz Truss’s mini-budget was one of the reasons behind the company’s collapse in August this year. “I am […]

Customers to weigh in as Optus disruption comes under microscope

Save articles for later Add articles to your saved list and come back to them any time. Consumers and impacted businesses are being urged to have their say on the Optus outage, with the federal government laying out the terms of reference for its review into the incident that affected some 10 million customers and […]

Rightmove raises key sales target as developers lead house market bounce back

Online real estate firm Rightmove has increased a key revenues target as business has been resilient despite falling house prices. The group said it is now expecting average revenues per advertiser over the full year of between £112 and £116, above the previous guidance of between £103 and £105, driven largely by new home developers. […]

Mark Carnegie wanted a $13 million tax break, so he sued his ex-wife

Save articles for later Add articles to your saved list and come back to them any time. In an unsavoury court case, venture capitalist and philanthropist Mark Carnegie has successfully sued his former wife to release $35.4 million from their family trust, to take advantage of a $13 million tax exemption available to him through […]