Revolut founder Storonsky benefits from $500 million share sale

Nik Storonsky, who has a stake in the fintech worth billions of dollars, plans to sell a small portion of it in the coming months, Sky News has learned. By means of Mark Kleinman, city editor @MarkKleinmanSky Sunday, July 7, 2024 11:51 AM, UK Revolut’s founder is set to cash out some of his multi-billion … Read more

Big change for 90,000 on benefits in huge Universal Credit shake-up tomorrow

MORE than 90,000 households receiving benefits will have to make a major change from tomorrow. Households claiming Employment and Support Allowance (ESA) and child tax credits will be asked to switch to Universal Credit in July. 2BM7WB3 Woman applying for Universal CreditCredit: Alamy ESA is a benefit that you can claim in the event of … Read more

DWP warning: Change to state pension age will see Brits claim PIP and disability benefits

Increases in the state pension age have contributed to a rise in the number of Brits claiming working age benefits from the Department for Work and Pensions (DWP), new research shows. The Resolution Foundation’s ‘Under Strain’ report shows that real spending on these payments has risen by a third over the past decade and disability … Read more

Ex-BA boss: Drop green aviation policy if costs outweigh benefits

Green aviation policies should be abandoned if the costs outweigh the benefits, the head of the world’s most influential aviation body has said. Willie Walsh, director general of the International Air Transport Association (Iata) and former boss of British Airways, said achieving net zero emissions by 2050 was “existential and not optional”. However, he also … Read more