Tesco fined £129m for overstating profits
Craig TaylorTesco will also compensate investors but avoids prosecution for overstating profits in 2014. BBC News – Business
Business
BT fined record £42m for late installations
BT apologises and agrees to repay telecoms firms for delays in installing high-speed lines. BBC News – Business
High cost credit products must be tackled, say Lords
The Financial Exclusion Committee says banks are failing the customers who need them the most. BBC News – Business
Ofcom plans instant payback for broadband woes
Landline and broadband customers who suffer poor service could get automatic payouts under Ofcom plans. BBC News – Business
State pension age could be raised to 70, says report
Twenty year-olds may have to work till the age of 70, with millions more having to work till 68 BBC News – Business
UK inflation rate leaps to 2.3%
Rising fuel and food prices help to push the inflation rate to the highest since September 2013. BBC News – Business