The government-backed savings institution National Savings and Investments is preparing to make large payouts after admitting mistakes that left customers without money to which they were entitled.Ministers will discuss the issue in Parliament as officials try to work out the final bill.Officials estimate the problems could affect roughly 37,000 customers. NS&I, which looks after about 24...

The Irish government will temporarily reduce excise duty on fuel to ease pressure from recent price spikes.From midnight on Wednesday until the end of May, diesel duty will be cut by €0.20 per litre and petrol by €0.15 per litre.Cabinet approval is expected after leaders agreed the measure on Monday. Officials also plan a backdated rebate for haulage companies and bus operators to help...

Mortgage borrowers, and first-time buyers in particular, are facing a sudden squeeze as lenders withdraw low-deposit deals and interest rates climb sharply.Industry data show more than 200 low-deposit mortgage products have been removed since 6 March, with one day seeing 52 deals pulled and another 30 taken off the market.Overall, over 20% of products available at the start of the month are no...

The Irish government has announced a temporary cut to fuel excise duties to ease pressure from a recent spike in pump prices linked to conflict in the Middle East.From midnight on Wednesday until the end of May, excise on diesel will be lowered by 20 cent per litre and petrol by 15 cent per litre.Cabinet will consider the measures on Tuesday after they were agreed at a leaders' meeting earlier...

Two Russian men are set to stand trial in Angola, accused of running a covert campaign to sow dissent, spread false information and interfere in next year’s presidential vote.Igor Ratchin and Lev Lakshtanov were detained in August and face 11 counts including terrorism, espionage and illicit influence.Angolan prosecutors say their activities were part of a wider operation tied to a network that...

Chancellor Rachel Reeves will tell MPs how the UK plans to respond if the war in the Middle East pushes energy bills higher.Her Commons statement will cover three main areas: a short assessment of the economic fallout, measures to bolster energy security, and the principles that would guide any future household support.On energy security, Reeves will recommit the government to building more...