Over £1 billion of fraudulent or mistakenly claimed furlough cash is set to be recovered over the next two years, HMRC has said.

The announcement comes after HMRC chief Jim Harra said in September last year that the amount of false furlough claims could amount to as high as £3.5bn.

Since the introduction of the furlough scheme in March 2020, more than £60bn has been claimed by...

The cost of renting grew at a record rate last month amid huge spikes in house prices, but regardless, renting is now cheaper than buying a house.

The average cost of a rented home in Britain jumped to £1,054 per month in May, up 7.1% on the same month last year according to Hamptons, the fastest rise seen by the estate agency since they started analysing the market in 2013.

The...