Consumer

The UK's national reporting centre for fraud and cybercrime, Action Fraud, has issued a warning to consumers over fake text message scams which claim to be from energy regulator Ofgem offering a £400 discount on bills. 

With US and UK inflation at a 40-year high and the war in Ukraine ongoing, there is significant speculation about the possibility of a recession.

On Thursday, Costco Wholesale Corp reported a decline in gross margins, hit by spiralling labour and freight costs across the US.

After weeks of holding off, Chancellor of the Exchequer Rishi Sunak will introduce a controversial windfall tax on energy companies on Thursday as he lays out measures to tackle the spiralling cost of living crisis.

The cost of living crisis is continuing to spiral out of control, with UK households being warned that the energy price cap will likely rise to around £2,800 in October — a time when families typically start turning their heating back on…