THE UK’s tax authority has asked universities to warn new students about tax scams.
Fraudsters use tax-related email scams to steal students money and personal details.
Her Majesty's Revenue and Customs (HMRC) wants to ensure all students new to universities this year are cyber aware when repeat attacks hit their inboxes.
Fraudsters can use a range of methods to target students, most commonly by sending fake tax refunds using seemingly legitimate university email addresses (often ending in ‘ac.uk’) to avoid detection.
Depending on the details, a criminal is able to obtain from a student, they could steal money, set up direct debits, make purchases for valuable goods on online sites or even take control of their computer – being able to access functions such as their webcam.
The letters to universities, authored by HMRC’s Head of Cyber Security, encourage colleges to raise awareness about tax-related scams at the start of this academic year.
HMRC advised university leaders that students are “more likely to be taken in” by tax scams because students may have “had little or no interaction with the tax system”.
This could make the offer of a tax refund from a scammer seem attractive, especially when on a budget.
Often HMRC-related email scams spoof the branding of GOV.UK and well-known organisations in an attempt to look authentic.
The recipient’s name and email address may be included several times within the email itself.
Jesse Norman MP, Financial Secretary to the Treasury, said: “Cybercriminals use every means they can to steal money and personal data from students. That’s why HMRC is asking all UK universities to make sure students know how to protect themselves.
“HMRC is doing everything they can to clamp down on online fraud, but students and their families need to be vigilant, especially amid all the stresses and strains of going to university. I would urge university principals to take a lead in helping to protect students from these cyber thieves.”
Over 620,000 tax-related email scams were reported to HMRC last year – up by 20,000 in the previous year – including thousands of reports the department received about scam emails targeting students.
Besides email tricks, phone scams have also been used increasingly by criminals to threaten taxpayers into handing over cash. HMRC had over 100,000 reports of such scams last year, compared to 400 in 2016.
FINANCIAL watchdog is looking at changing mortgage rules to help more people buy homes, particularly first-time buyers, self-employed workers and those borrowing into retirement.
The Financial Conduct Authority (FCA) has launched a public discussion on the future of the mortgage market as part of efforts to support economic growth and help consumers manage their money.
Under the proposals, lending rules would be updated to make home ownership more accessible while keeping borrowing sustainable, a statement said. Plans also include preparing the market for increased demand from older borrowers and introducing more flexibility to help consumers understand their options.
David Geale, executive director for Payments and Digital Finance, said the FCA wants to help more people access sustainable home ownership. He said that after achieving higher standards in the market, it is time to allow more flexibility in what he called a trusted market.
"Changing our mortgage rules could make it easier for people to get onto the property ladder and manage mortgages into retirement," Geale said. He added that whilst the FCA cannot solve all home ownership issues, it wants to help people better use the mortgage market.
Britain's mortgage market has changed significantly in recent years. First-time buyers are now older and borrowing for longer periods, including into retirement. FCA data shows that in 2024, 68 per cent of first-time buyers took mortgages lasting 30 years or more.
Buying a home has become harder to achieve for many people, with more choosing to rent for longer periods. Renters face higher housing costs and less security than homeowners.
According to the FCA's Financial Lives 2024 survey, renters are more likely to be vulnerable and have poor health compared to other UK adults.
Regulators said the mortgage market remains strong, and there have been improvements in how lenders behave and default rates stay low. Authorities have already spoken to firms about flexibility when checking if someone can afford a mortgage, helping more borrowers get loans.
This review forms part of the FCA's new strategy to help consumers navigate their financial lives and support growth. Measures were also included in a letter to the prime minister detailing changes to boost economic growth.
Meanwhile, FCA acknowledged that many factors affect home ownership, including housing supply, social policy and economic conditions. Officials said changes to rules are only part of the solution and they will work with others to support access to home ownership.
Public feedback on the discussion paper closes on September 19.
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According to the government, the investment will be used to build four new distribution centres, expected to create around 4,000 jobs. (Representational image: Getty)
AMAZON will invest £40 billion in the United Kingdom over the next three years, the government said on Tuesday. The announcement comes as prime minister Keir Starmer seeks to attract investment and revive economic growth.
Starmer met Amazon CEO Andy Jassy last week and welcomed the development, calling it “a massive vote of confidence in the UK as the best place to do business.”
“It means thousands of new jobs – real opportunities for people in every corner of the country to build careers, learn new skills, and support their families,” he said. “Whether it's cutting-edge AI or same-day delivery, this deal shows that our Plan for Change is working – bringing in investment, driving growth, and putting more money in people's pockets.”
New sites and job creation
According to the government, the investment will be used to build four new distribution centres, expected to create around 4,000 jobs. It will also be used to renovate Bray Film Studios, which Amazon acquired in July 2024.
Part of the total includes a portion of the £8 billion investment Amazon had announced in September 2024 for the construction, operation and maintenance of data centres in the UK, intended to support artificial intelligence computing needs.
In December, Amazon signed an agreement with Games Workshop, the British company behind “Warhammer 40,000”, to produce films and television series based on the franchise. The project is expected to feature actor Henry Cavill.
‘On the right track’
The announcement aligns with the release of the government’s “Modern Industrial Strategy”, outlining plans for collaboration between the state and high-growth industries.
Business and trade secretary Jonathan Reynolds will visit Amazon’s London headquarters on Tuesday to mark the investment.
“Our Modern Industrial Strategy will ensure the UK is the best country to invest and do business, and seeing massive international firms like Amazon bank on Britain shows we are on the right track,” Reynolds said.
Amazon’s UK presence
Amazon currently employs more than 75,000 people across more than 100 sites in the UK.
Jassy said, “Amazon has been proud to serve our customers in the UK for the past 27 years. Thanks to their support, we've grown to be part of over 100 communities nationwide, from developing drone technology in Darlington to producing world-class entertainment at our studios in Bray.”
He added, “We’re bringing innovation and job creation to communities throughout England, Wales, Scotland, and Northern Ireland.”
Global investments and ongoing probe
In February, Jassy announced Amazon would invest more than $100 billion globally in 2025, with a focus on expanding its cloud and AI capabilities.
Last week, Amazon announced a $13.3bn investment over five years in Australia, aimed at its data centre operations. It marked the country’s largest-ever technology investment.
In June, Amazon also made announcements of large-scale investments in North Carolina ($10bn) and Pennsylvania ($20bn), both for data centres and AI-related projects.
Meanwhile, Amazon is under investigation by the UK Food Regulator over suspected late payments to food suppliers. If found guilty, the company could face a fine of up to one per cent of its annual UK turnover.
(With inputs from agencies)
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Prime minister Keir Starmer with Crown Prince Salman bin Hamad Al Khalifa of Bahrain ahead of bilateral talks at 10 Downing Street on June 19, 2025 in London. (Photo: Getty Images)
THE UK and Bahrain have signed a £2 billion investment and collaboration partnership aimed at supporting key sectors of the UK economy, including financial services, technology, manufacturing, and clean energy.
The Strategic Investment and Collaboration Partnership (SIP), announced on June 19, doubles the £1 bn investment committed in 2023.
The deal was signed during a meeting in London between prime minister Keir Starmer and Bahrain’s crown prince and prime minister Salman bin Hamad Al Khalifa.
Focus on growth sectors and job creation
According to the UK government, the investment will drive forward its “Plan for Change” and support the upcoming modern Industrial Strategy. The partnership is expected to create new jobs and contribute to growth across the UK.
Business and trade secretary Jonathan Reynolds said, “This £2 bn commitment is yet another major vote of confidence in the UK economy, backing the key growth sectors we’ve identified in our upcoming modern Industrial Strategy.”
Chancellor Rachel Reeves added, “This £2 bn investment into the growth-driving sectors where Britain thrives will create good jobs paying decent wages in all corners of our country, putting more money in people’s pockets as part of our Plan for Change.”
The agreement will also provide British companies with opportunities to benefit from Bahrain’s business environment and support innovation, productivity and development there.
UK joins Bahrain-US security agreement
As part of the same visit, the UK formally became a member of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA), a trilateral agreement between Bahrain, the US and the UK.
The UK had announced its intention to join the agreement in December 2024 during a ministerial visit to Manama.
The agreement supports regional stability and security cooperation, with the UK government stating that it will help strengthen defence ties and contribute to economic growth through strategic partnerships.
The UK and Bahrain also reiterated their defence cooperation, including ongoing work between the UK Armed Forces and Bahrain’s military.
Bahrain hosts the UK’s largest naval base outside the UK, and receives regular training support from British forces.
Investor delegation visits UK cities
During their UK visit, a delegation of Bahraini investors toured cities including Manchester, Leeds, and Sheffield.
The group explored business and project opportunities aligned with the UK government’s growth priorities.
Longstanding UK-Bahrain relations
The UK and Bahrain have maintained close political, military, and economic ties for decades.
Bahrain was a British protectorate from the 19th century until its independence in 1971.
The two countries have since signed multiple agreements covering security, trade and investment.
Bahrain continues to host British military facilities, and bilateral relations remain strong.
The UK government has identified Gulf investment and trade as a priority for boosting domestic growth and strengthening international partnerships.
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It follows a broader strategy by Octopus Energy to offer home energy hardware
Octopus Energy, the UK’s largest electricity supplier, has launched its first home electric vehicle (EV) charger, named Octopus Charge. The charger is designed to integrate with the company’s smart energy system to enable cost-effective and environmentally friendly charging.
Smart charging through Kraken platform
The new Octopus Charge device connects to the energy supplier’s proprietary Kraken platform, which automatically adjusts charging to coincide with times when electricity is cheapest and greenest. This enables EV owners to take advantage of lower rates and reduce their carbon footprint.
The charger also integrates with Intelligent Octopus Go – a smart EV tariff – and the recently launched Drive Pack tariff. The latter allows for unlimited overnight EV charging at home for £30 per month, making it a potentially attractive option for frequent drivers.
Limited early access and launch schedule
Initially, the charger will be available to customers who use Octopus Energy’s EV leasing service. A wider rollout to all Octopus Energy customers is scheduled for August 2025.
To promote early adoption, the first 100 customers to install the charger will receive up to 5,000 miles of free charging. This promotional offer equates to enough electricity to travel the full length of the UK from Land’s End to John o’ Groats and back.
Expanding low-carbon home technology
Although Octopus Charge is the company’s first EV charger, it follows a broader strategy by Octopus Energy to offer home energy hardware. In September 2023, the company introduced the Cosy 6 heat pump at the Energy Tech Summit in London. The product aimed to reduce upfront costs for consumers and encourage the adoption of low-carbon heating solutions.
Building on this, the company launched the Cosy Octopus tariff in June 2024, specifically tailored for heat pump users. Both moves align with Octopus Energy’s goal to help UK households transition to greener, more efficient energy usage.
Rebecca Dibb-Simkin, chief product officer at Octopus Energy, said the company was “delighted” to launch its first charger. “Charging at home is already better than queueing up at the petrol station – and now we’ve made it even simpler,” she said.
Home charging key to EV affordability
Data shows that the cost of charging an EV at home is significantly lower than using public charging infrastructure. Analysis by Cornwall Insight reveals that home charging – especially on off-peak tariffs – can save drivers as much as £1,500 per year compared to public chargepoints.
Despite this, widespread access to home charging remains a challenge. While around 80% of EV drivers currently benefit from home charging, approximately 75% of UK homes do not have a private driveway, limiting access to at-home installation.
Policy changes aim to remove barriers
Until recently, installing a home EV charger often required a planning application, which added complexity and cost. However, a recent policy change by the UK government has eliminated the need for planning consent for home and business EV charger installations.
According to the Department for Transport, the change could save households around £1,100 on average, helping more people afford home charging setups and supporting the broader transition to electric vehicles.
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The leaders discussed the new Defence Cooperation Accord between the UK and Bahrain, aimed at deepening joint military training and naval ties.
PRIME MINISTER Keir Starmer met Crown Prince Salman bin Hamad Al Khalifa, prime minister of Bahrain, at Downing Street on Thursday.
A Downing Street spokesperson said the leaders discussed the UK-Bahrain relationship and welcomed the UK becoming a full member of the Comprehensive Security Integration and Prosperity Agreement (C-SIPA), a trilateral pact with Bahrain and the United States focused on regional security.
They also welcomed the signing of the Strategic Investment and Collaboration Partnership, which aims to build on the two-way investment between the countries. According to the spokesperson, this would "unlock new investment, growth and jobs into the UK, delivering on the Plan for Change."
The leaders discussed the new Defence Cooperation Accord between the UK and Bahrain, aimed at deepening joint military training and naval ties.
The spokesperson said, “Highlighting the strength of the 200-year relationship between both nations, the leaders looked forward to further cooperation, including trade negotiations with the Gulf Cooperation Council.”
They also spoke about the situation in the Middle East, called for de-escalation, and agreed on the need for closer regional ties to support stability.
“The Prime Minister and Crown Prince looked forward to speaking again soon,” the spokesperson added.