Business

Haynes motor manual founder dies aged 80

Image copyright HaynesImage caption John Haynes started the firm which went on to sell 200 million manuals The founder of the Haynes motor manuals – known for their distinctive “exploding” diagrams – has died aged 80. John Haynes started the firm after helping fix an Austin Healey Sprite and realising the official manual was “not […]

Business

Family gangs ‘exploit pension savers’

Image copyright Getty Images Fraudster families are spearheading attempts to steal pension savings totalling millions of pounds, investigators have said. Married couples and their adult children have been identified as leading crime groups involved in the fraud by those tackling the scams. They try to steal life savings or persuade people to invest in high-risk […]

Business

Pensions: Tougher jail terms for mismanaging funds

Image copyright EPA Company bosses could face up to seven years in prison if they mismanage employee pension schemes, says Work and Pensions Secretary Amber Rudd. She wants a new offence of “wilfully or recklessly” mismanaging funds. Plans outlined last year for a maximum sentence of two years in prison were toughened up after public […]

Business

Scottish government launches £10m Saltire Fund

Image copyright Getty Images A £10m prize for the development of technology to harness tidal power has been relaunched in Scotland. The Scottish government said it was offering the Saltire Fund to help commercialise clean energy and lower operating costs. It comes after the original competition, conceived in 2008, was ended in 2017 without anyone […]

Business

What effect has Brexit had on the UK economy?

Image copyright PAImage caption Economic growth has not been disastrous, but nor has it been sparkling There may still be more than a month to go until Brexit is scheduled to happen, but there has already been some fallout from the decision to leave. Most recently, the prolonged uncertainty – what the governor of the […]

Business

Women ‘victims in 63% of romance scams’

Image copyright Getty Images Victims of romance scams – the majority of whom are women – lost an average of £11,145 each last year, according to new figures. The data, from police reporting centre Action Fraud, showed that £50m was lost in these scams in 2018 when fraudsters pretend to be romantically attached. Fraudsters trick […]