Sterling, banks, British Gas and fraud

There’s just one story in the UK this morning: the Supreme Court has ruled that the Government cannot trigger article 50 without an act of parliament. News that parliament must vote on starting the Brexit process led to a slight drop in the pound. At the time of writing, the pound is 0.6 per cent lower against the dollar at $1.246. Against the euro, sterling is 0.3 per cent lower at €1.160.

Banks

A think tank has urged banks to offer basic bank accounts to people with mental health problems. At present, basic account options are offered to other vulnerable groups. Now the Money and Mental Health Policy Institute say that setting spending limits on cards and allowing people to set how banks contacted them would help people struggling with budgeting and paying bills.

The BBC reports on Ofgem comments which detail that accurate bills were not issued on time to business customers after British Gas installed a new £40 million computer system in 2014.