News and Tax Data Financial news from the BBC TikTok closes deal to split US app from global business The app was due to be banned in the US a year ago if its Chinese owner didn't sell its business in America. Trump sues JPMorgan for $5bn over account closure after Capitol riot JPMorgan Chase the lawsuit has "no merit" and the bank "does not close accounts for political or religious reasons". Botched insulation scheme was 'doomed to fail', say MPs Installers should be investigated by the Serious Fraud Office, an influential parliamentary committee has said. Retired civil servants left in pension limbo Civil service pension scheme failed to pay some pensions and lump sums after transferring to a new administrator. Sharp fall in government borrowing in December, figures show More money than expected was collected through tax and higher National Insurance Contributions, although public sector spending also increased. AI ready: The advantages of being a young entrepreneur The latest generation of entrepreneurs have a head-start with AI but also face familiar challenges. Two charged after funeral firm collapse hit 46,000 About 46,000 customers lost thousands of pounds when Safe Hands Plans Ltd collapsed in 2022. Decision on Manchester-London 'ghost train' was uninformed, regulator admits The Office of Road and Rail says it was missing "critical points" when it made a decision.
