Faarea Masud

London

Business Journalist at BBC

I laugh at my own jokes. Journalist @BBCNews (Business). On the digital forefront. My TV doc Shrimps, Saris & Guns: https://t.co/w4I3QrzB3e

Articles

Bosses' bonuses banned at six water companies

3 weeks ago | bbc.com | Faarea Masud |Tom Espiner

Bosses' bonuses banned at six water companiesFaarea Masud & Tom EspinerGetty ImagesA number of water companies have been banned from paying "unfair" bonuses to senior executives under new rules, the government has announced. The measures apply to water companies that do not meet environmental and consumer standards, are not financially resilient or have been convicted of a criminal offence.
Scammers stole £47m from HMRC in phishing attack

3 weeks ago | aol.com | Faarea Masud

Scammers stole £47m from the online accounts of 100,000 people after posing as taxpayers, HMRC has revealed. The tax authority said it is writing to those affected to confirm it has secured their accounts, they haven't lost any money, and they don't need to do anything. "These are attempts to claim money fraudulently from HMRC, not from customers," HMRC said. There has already been a criminal investigation with arrests made last year, HMRC confirmed.
Train firms must stop criminalising 'innocent errors', report says

3 weeks ago | yahoo.com | Simon Browning |Nick Marsh |Faarea Masud

Train passengers are suffering unfair penalties for minor and often genuine mistakes in buying tickets, an inquiry has found. The Office of Rail and Road (ORR) said Britain's fare system was "complex" and that rail firms must stop taking "disproportionate action" against travellers.
Train firms must stop criminalising 'innocent errors', report finds

3 weeks ago | bbc.com | Simon Browning |Nick Marsh |Faarea Masud

Train firms must stop criminalising 'innocent errors', report saysSimon Browning, Nick Marsh, and Faarea MasudSam WilliamsonTrain passengers are suffering unfair penalties for minor and often genuine mistakes in buying tickets, an inquiry has found. The Office of Rail and Road (ORR) said Britain's fare system was "complex" and that rail firms must stop taking "disproportionate action" against travellers.
Tough choices unavoidable, says IFS

3 weeks ago | bbc.com | Faarea Masud

Tough choices on public spending unavoidable, says IFSFaarea MasudBusiness reporter, BBC NewsGetty ImagesTough choices are "unavoidable" as the government finalises spending plans for areas ranging from the NHS and defence, to schools and the criminal justice system, a think tank has warned. The Institute for Fiscal Studies (IFS) said the level of spending on health would dictate whether cuts were made to so-called unprotected areas – those outside of the NHS, defence and schools.
Some M&S stores left with empty shelves after cyber attack

1 month ago | sg.news.yahoo.com | Faarea Masud |Joe Tidy

The food shelves in the Marble Arch M&S in central London were missing some products [BBC]Some Marks & Spencer (M&S) stores have been left with empty food shelves as the retailer continues to struggle with a cyber attack affecting its operations. Online orders have been paused on the company's website and app since Friday, following problems with contactless pay and Click & collect over the Easter weekend. The BBC understands food availability should be back to normal by the end of the week.
House prices fall in April as stamp duty changes kick in

1 month ago | bbc.com | Faarea Masud

House prices fall in April as stamp duty changes kick inFaarea MasudBusiness reporter, BBC NewsGetty ImagesHouse prices fell in April as buyers faced paying thousands of pounds more in stamp duty, according to new figures from Nationwide. Prices were down 0.6% month-on-month, the building society said. The slowdown in the market was expected due to changes to stamp duty thresholds kicking in on 1 April.
M&S stores left with empty shelves after cyber attack

1 month ago | bbc.com | Faarea Masud

M&S stores left with empty shelves after cyber attackFaarea MasudBusiness reporter, BBC NewsGetty ImagesSome Marks & Spencer stores have been left with empty shelves as the retailer continues to struggle with a cyber attack affecting its operations. Over the Easter weekend, customers reported problems using contactless pay and Click & Collect, and online orders have been paused on the company's website and app since Friday.
Tax-free parcels rule used by Shein and Temu under review

2 months ago | bbc.com | Faarea Masud

Shein and Temu tax-free parcels rule under reviewFaarea MasudBusiness reporter, BBC NewsGetty ImagesMajor retailers have welcomed the government's review of a rule that allows small parcels to enter the UK duty-free, saying it gives overseas firms such as Shein and Temu an unfair advantage over British businesses. The current rule allows international retailers to send packages to the UK worth less than £135 without incurring import taxes.
Shein and Temu tax-free parcels rule under review

2 months ago | ca.finance.yahoo.com | Faarea Masud

Major retailers have welcomed the government's review of a rule that allows small parcels to enter the UK duty-free, saying it gives overseas firms such as Shein and Temu an unfair advantage over British businesses. Former Dragon's Den star Theo Paphitis, whose retail group includes the Ryman and Robert Dyas chains, told the BBC the measure was ruining UK High Streets. The rule allows international retailers to send packages to the UK worth less than £135 without incurring import taxes.