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Britain's leading share index has risen sharply on the prospect of more help for the housing sector in Rishi Sunak's Budget later this week, as well as a boost for government stimulus in the US. The FTSE 100 was up by about 2% - or more than 100 points - in morning trading, with builders such as Persimmon, Taylor Wimpey and Barratt Developments leading the way. It was part of a global rally for stocks following the approval by the US House of Representatives on Friday of President Joe Biden 's $1.9trn coronavirus pandemic relief bill. Please use Chrome browser for a more accessible video player Businesses react to chancellor's promises In London , the rally for house builders came after it was revealed over the weekend that a scheme to guarantee 95% of mortgage loans for first-time buyers will be announced in the Budget . They are also in line to benefit if, as reported, the chancellor extends a stamp duty holiday announced last … [Read more...] about Budget: FTSE 100 rallies as Chancellor Rishi Sunak plans help for home buyers

ALMOST every adult in England and Wales could receive a £750 share of a huge £34billion claim against Experian, it's reported. The credit firm is being sued in a landmark High Court case that could see millions claim from a damages pot. The company holds information on some 46million individuals - but it's accused of mis-selling data and building potentially inaccurate profiles, the Mail on Sunday reports. On Friday, lawyer Liz Williams, who lives in north Dorset, filed a writ at the High Court for £750. But the action could cripple the company. It accuses Experian of collecting data on Brits from a range of sources, including online questionnaires, the UK census and the electoral roll. The data is then allegedly sold on for commercial gain. Last October, the Information Commissioner's Office found Experian was selling data onto third parties - including political groups - without their consent. It set out a range of penalties, and the company can be fined … [Read more...] about Almost every adult in England and Wales could receive ‘£750 share of £34BILLION claim against Experian’

The Crown's Emma Corrin and Josh O'Connor led a night of triumph for British stars at the Golden Globes. Netflix's Charles and Diana were the toast of the largely virtual ceremony picking up respective awards for Best Performance by an Actress and Actor in a TV Series with the series given the top honour in television. Corrin thanked her "prince charming" while just minutes later, O'Connor told her "I love you to bits" as he picked up his award. The actress appeared visibly shocked as her name was called to confirm she had won ahead of co-star Olivia Colman's turn as the Queen and Jodie Comer's performance in Killing Eve. During her acceptance speech, Corrin also took time to praise Diana, Princess of Wales, saying: "Thank you to Diana. You have put the compassion and empathy beyond anything I can understand. Thank you." The lavishly produced, headline-making The Crown was named best small screen drama while its American star Gillian Anderson was named best supporting … [Read more...] about The Crown almost sweeps the board at Golden Globes in night of triumph for British stars

F ield Marshal Lord Vincent of Coleshill, who has died aged 87, was successively Vice Chief of the Defence Staff, Chief of the Defence Staff and Chairman of the Nato Military Committee between 1987 and 1996; it was a decade that wrought immense changes in the balance of power in Europe, with far-reaching implications for Britain’s Armed Forces. Vincent’s appointments coincided with the demise of the USSR, the collapse of the Warsaw Pact countries, the Gulf War, the implementation of the Conventional Forces in Europe (CFE) treaty and the re-unification of Germany. He also had to deal with the start of the conflicts in the former Yugoslavia and the consequent commitment of British forces to the UN’s Organisation Protection Force (Unprofor). These events raised important questions about British defence policy and structures. As the Cold War moved to its conclusion and the conflicts in the Balkans escalated, other Nato countries were reviewing their force structures, and one of … [Read more...] about Field Marshal Lord Vincent of Coleshill – obituary

Britain's biggest lenders will this week unveil proposals for a not-for-profit company to oversee the industry's attempt to bolster competition through a system known as 'open banking'. Sky News has learnt that UK Finance, the sector's principal trade association, will publish a report on Tuesday setting out its plans to comply with a series of requirements imposed by the Competition and Markets Authority (CMA) five years ago. City sources said the report would be an important step towards entrenching open banking as a permanent feature of the industry landscape. Known as the CMA9, banks including Barclays , HSBC and NatWest Group were the subject of a CMA order in 2016 following an investigation into the personal current account and SME banking markets. The watchdog concluded that the UK's biggest banks were not competing hard enough for customers' business and that open banking "should deliver a new, secure option for customers". Advertisement … [Read more...] about UK’s biggest lenders to unveil plans for ‘open banking’ rollout