Reeves Says ‘Never Say Never' on Mandating UK Pension Investment
'Never say never,' Reeves said in a Bloomberg TV interview on Tuesday, when asked if she was considering forcing funds to invest in British companies and infrastructure projects. 'But I don't think it's necessary. We don't need to mandate them if people are willing to sign a voluntary accord.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
5 minutes ago
- Yahoo
4 scam warnings issued by the DWP you need to know about
The DWP has issued four separate scam warnings on social media in the last month - here's what we know. Benefit claimants and pensioners have been told to keep a look out for fraudsters sending texts claiming to work for the Department for Work and Pensions (DWP). Scammers have been targeting winter fuel payment claimants as well as homeowners who may be eligible for an energy support scheme. The DWP has issued four warnings on social media in the last month telling people to be aware of the scams, such as text messages from people claiming to work for the DWP. Here's what you need to know about the scams — and how to stay safe if you receive a suspicious message. Winter fuel payment scam One of the most recent scams involves the winter fuel payment. Perplexed recipients have spoken about receiving texts claiming to be a reminder that they have not yet sent their application for this year's 'winter allowance'. Hallmarks of the scam include: A text message claiming to be a worker from the DWP The text says that the person has not yet submitted their winter fuel allowance payment, and could miss out on £300 Listing a deadline for a response – often the day the message arrives If you click on the message, it may also ask for your card details and a £1 payment that will be refunded The DWP has reminded pensioners that winter fuel payments are automatic, and they can report the scam at A DWP spokesperson said: 'We never send text messages or emails requesting your bank details for winter fuel payment purposes. 'If you have any doubt whether a text is genuine, forward it to 7726 and you will receive a reply confirming if it's legitimate.' Energy support scheme Other people have noticed a text scam that tells people they are eligible for an 'Energy Support Scheme' to help with the high cost of gas and electricity. It's worth noting that no such scheme exists under this name, although there are some other schemes available, like the warm home discount scheme. To warn others, some X users have shared some examples of the fraudulent texts they received. The message contains text similar to this: "You have not yet completed your application for an energy subsidy for 2025. The subsidy is between £200 and £300. Your application has not yet been detected by the system, so please ensure that you submit your application by 10 June. The channel will close after this date and the application will not be processed." The message then contains a link that is not from a government website. It continues: "(Once you have received a message from the system, please reply with 'y' and go to this page again, then exit the text message and re-open to activate the link, or copy the link and open it in your browser). Have a great day, DWP." How do I protect myself from scammers? Sadly, scams are only growing in sophistication, so it's best to be cautious if you receive a text message or a call from an unrecognised number — or a supposed government department. Action Fraud, which advises people on how to protect themselves from scammers, has developed a checklist for anyone who has received a random text from an unknown number claiming to be someone else. Be wary if you see: an 'irresistible' product offer or prize from a number or company you don't know an urgent alert about security, for example your bank account details have been compromised a message about a product or service you haven't purchased or requested a delivery company demanding you pay a fee before they deliver a parcel an appeal from a family member asking you to send money encouragement to click on an unknown link – if you're not sure, visit the organisation's website directly rather than clicking through a request for you to share personal data language designed to create a sense of urgency or panic messages sent outside normal business hours, especially if they're very late at night or very early in the morning If you've seen something that doesn't feel right: break the contact – don't reply, click on any links or make any payments check if it's genuine: contact the person or company directly, using a phone number you already have and know is correct forward the message for free to 7726 to report it Check Action Fraud for more information.
Bloomberg
8 minutes ago
- Bloomberg
Tesla Gives Musk $30 Billion in Stock
Tesla really wants Elon Musk to stick around. The company approved an interim stock award worth about $30 billion for him even as a legal fight over a 2018 pay package drags on. Ed Ludlow explains. (Source: Bloomberg)
Business Insider
18 minutes ago
- Business Insider
Africa's richest country to boost continental trade ties after U.S. 30% tariff hit
South Africa is strategising to tap into alternative markets to mitigate the impact of the United States' 30% tariffs on its exports. South Africa is pursuing alternative markets to mitigate impacts of newly imposed US tariffs. President Cyril Ramaphosa plans to scale up trade missions and enhance export programs. The tariffs threaten over 100,000 jobs in export-driven industries within South Africa. South Africa is strategising to tap into alternative markets to mitigate the impact of the United States' 30% tariffs on its exports. 'In the coming months, we will be scaling up our trade missions into new markets in Africa and beyond,' President Cyril Ramaphosa said. The government also plans to expand its National Exporter Development Programme, which aims to increase the number of export-ready businesses, according to Bloomberg. Pretoria had been negotiating for months to avert the tariff hike, proposing to buy U.S. liquefied natural gas and pledging $3.3 billion in investments into American industries. But those overtures fell short. On Thursday, President Donald Trump slapped a 30% tariff on imports from South Africa, the steepest in sub-Saharan Africa, as part of a broader wave of new levies under his revamped global trade agenda. Economic impact South African Trade Minister Parks Tau called the tariff escalation a direct threat to the country's export-driven sectors, particularly automotive manufacturing, agro-processing, steel, and chemicals. Last month, Central Bank Governor Lesetja Kganyago cautioned that tariffs could endanger over 100,000 jobs in South Africa's automotive and agricultural industries. Already burdened with one of the world's highest unemployment rates and sluggish economic growth, South Africa's fragile economy now faces an added threat from the newly imposed tariffs. The United States stands as South Africa's second-largest bilateral trading partner, trailing only China, with trade between the two nations totalling $8.8 billion last year, according to data from the South African Revenue Service. According to South African officials, trade negotiations were entangled with political frictions, most notably Washington's disapproval of South Africa's affirmative action policies, its land reform agenda, and its decision to bring a genocide case against Israel, a close U.S. ally, before the International Court of Justice.
