Tag: Pound sterling

BusinessCybersecurityTechnology

UK Investment Scams Surge 55% as APP Fraud Losses Hit £257 Million

Losses from authorized push payment fraud in the UK climbed 12% year-over-year to reach £257.5 million in the first half of 2025, according to new industry data. Investment scams drove the increase with a staggering 55% jump in losses, while romance fraud saw a 35% surge. The findings highlight growing challenges in combating sophisticated social engineering tactics.

Investment Fraud Leads Alarming APP Surge

British consumers are falling victim to increasingly sophisticated investment scams at an alarming rate, with new industry data revealing a 55% surge in losses from these schemes. According to analysis from UK Finance, the financial services trade association, investment fraud accounted for £97.7 million in losses during the first half of 2025 alone.

by Jessica Moore P.E.
BusinessPolicy

UK Chancellor Launches Sterling 20 Pension Initiative to Boost Domestic Investment

Chancellor Rachel Reeves is launching the Sterling 20 initiative with major UK pension funds managing £3tn in assets. The plan aims to replicate Canada’s successful pension investment model and boost funding for British infrastructure projects ahead of next week’s Regional Investment Summit.

Major Pension Funds Unite for UK Investment Push

Chancellor Rachel Reeves will reportedly launch the “Sterling 20” initiative next week with approximately 20 of the UK’s largest pension funds, aiming to streamline investment in British infrastructure and growth projects, according to sources familiar with the plans. The initiative seeks to replicate Canada’s successful pension investment model that has demonstrated significant results in domestic project funding.

by Michael Turner
Economy and TradingEnergy

UK Energy Executives Warn of Rising Household Bills Despite Labour’s Cost Reduction Pledge

Leading UK energy executives have testified that household electricity bills could increase by 20% by 2030 even if wholesale prices halve. The warnings challenge Labour’s election pledge to reduce energy bills by £300 annually through decarbonization efforts.

Energy Executives Challenge Government Cost Reduction Targets

Senior executives from the UK’s largest energy suppliers have issued stark warnings about rising household electricity bills, presenting a significant challenge to the government’s energy cost reduction targets, according to parliamentary testimony.

by Jessica Moore P.E.