Source: Sharecast
Buyers of new electric cars priced at less than £37,000 will be able to get a discount of up to 10% under a new UK government scheme, a move that may benefit some cheaper Chinese models but leave Tesla fans still having to pay the full price. The Department for Transport has reintroduced a grant, which had been scrapped in June 2022, to encourage more drivers to switch from petrol and diesel to electric vehicles. – Guardian
Rachel Reeves will pave the way for a new era of risky lending in a push for growth that watchdogs fear could end in more people losing their homes. As part of her Mansion House announcement, the Chancellor will hail the biggest mortgage shake-up in a decade to boost homeownership and cut red tape. – Telegraph
Marks & Spencer is taking its famously dependable underwear down under with the launch of its first international wholesale fashion deal. The British retailer has agreed to sell a selection of its bestselling lingerie, womenswear and menswear in 24 David Jones department stores across Australia, including Sydney and Melbourne, as well as online. – The Times
A Bradford-based stairlift company has paid its tycoon founder a near £45 million dividend, bringing total payouts to £300 million over a little more than a decade. Acorn Mobility Services, which is based at a business park near the West Yorkshire city, was founded by John Jakes in the early 1990s and has been lifted by a rise in sales to the elderly and the immobile from an ageing population in Britain, as well as expansion overseas. – The Times