UK fraud prevention ‘still lacking’ after Covid-related scams and errors cost £11bn

A recent survey by Ofcom revealed that UK residents are spending an average of four hours and 30 minutes online daily in 2025, which is half an hour longer than during the pandemic. This increase highlights a shift in digital consumption patterns as people continue to adapt to a more online-centric lifestyle.

The Institute for Public Policy Research has indicated that the UK may soon see a reduction in the premium it pays to borrow compared to other major countries, as confidence in the government's fiscal strategy grows following Chancellor Rachel Reeves's autumn budget announcement. This budget aims to increase the UK's financial headroom significantly by 2030.

UK gilt yields have seen a slight decrease compared to other major economies, indicating a potential shift in the bond markets as Chancellor Rachel Reeves navigates fiscal challenges. Despite this drop, the UK still faces a significant premium on borrowing costs, with 10-year government gilt yields rising compared to US Treasury bonds and eurozone counterparts since the last general election.

Ofgem has approved early investment in three major electricity 'superhighways' in the UK, aimed at alleviating grid bottlenecks that prevent efficient electricity distribution during high generation periods, particularly from wind farms. This initiative is expected to reduce costs for consumers by minimizing the need to turn off wind farms when demand is low.

Thirteen Labour MPs voted in favor of initiating discussions on the UK potentially rejoining the EU customs union, as part of a bill proposed by the Liberal Democrats. The vote resulted in a tie, with 100 MPs supporting and 100 opposing the measure, highlighting a divided stance on this issue within Parliament.

UK grocery inflation has remained steady at 4.7%, according to Worldpanel, continuing to exert financial pressure on households. This stability follows a period of fluctuating food prices, which have recently seen increases despite a broader decline in general inflation rates.

UK consumer spending showed disappointing results in November, as surveys indicated a decline in consumer confidence and spending patterns. This downturn reflects ongoing economic challenges and uncertainty affecting various sectors within the UK market.

The UK transport secretary has unveiled a new design for nationalised trains, featuring an 'iconic' symbol alongside the Union flag. This design aims to modernize the appearance of the UK's train services, reflecting a commitment to national identity and heritage.