14 h. ago Rachel Reeves warned by City grandees not to weaken banking safeguards

Chancellor’s plan to slash red tape could raise financial risks and do little to help households, say architects of UK’s post-2008 reformsRachel Reeves has been warned by City grandees that her plan to slash financial red tape could have little benefit for British households while increasing risks in the banking industry.The chancellor used a speech to City bosses attending the annual Mansion House dinner on Tuesday to argue that in too many areas regulation was acting as a “boot on the neck of business”, as she pledged sweeping changes to help revive the economy. Continue reading...

Events

14 h. ago Tesco shoppers floored by 'disgusting' price of item spotted on shelves

Shopper complaints come as the Office for National Statistics announced today that food price inflation has hit its highest level since February 2024

Economics

18 h. ago House price growth accelerating while rental price growth cools

Property values rose by 3.9 per cent on average in the 12 months to May, up from 3.6 per cent annual growth in April, according to ONS figures

Society

20 h. ago Warning as UK inflation hits highest level for nearly 18 months after unexpected jump

Inflation levels jumped up to 3.6 per cent in June - with annual food price inflation hitting the highest level since February 2024

Events

20 h. ago Annual house price inflation accelerating but rental price growth cooling – ONS

Property values rose by 3.9% on average in the 12 months to May, up from 3.6% annual growth in April, according to ONS figures.

Economics

34 h. ago Britain cannot grow without ‘fighting fit’ finance sector, Rachel Reeves says

Ms Reeves, delivering her annual Mansion House speech to the financial services sector, said changes were needed for the UK to stay competitive.

Politics

39 h. ago US inflation rose in June as Trump’s tariffs start to show in prices

Inflation remains far below the peaks seen three years ago, when price increases reached as high as 9%Inflation accelerated in June as the impacts of Donald Trump’s tariffs slowly started to show in US prices.Business leaders have said for months that the high, volatile rates of Trump’s tariffs will force companies to raise consumer prices. Prices remained stable in the spring, particularly as many of Trump’s highest tariffs were paused; however, they started increasing in May and have continued to rise in June. Continue reading...

Economics

3 d. ago King Charles schedules Trump state visit for when UK parliament is in recess

Buckingham Palace to host US president during party conferences removing chance of Commons addressKing Charles has invited Donald Trump for an unprecedented second state visit in September, scheduling the trip for three days when parliament is not sitting and removing the possibility of the US president addressing parliament.Buckingham Palace announced on Monday that Trump would come to the UK from 17-19 September, soon after the House of Commons rises for its traditional break for the annual party conferences. Continue reading...

Politics

6 d. ago Jennifer Hudson will headline the Whitney Houston estate's fourth annual Legacy of Love Gala

No one could replace the inimitable talent that was Whitney Houston

Events

6 d. ago Check for Council Tax discount of up to £850 to help cut cost of household bills

Nearly half a million households in Scotland are receiving a Council Tax Reduction on their annual bill.

Economics

6 d. ago DWP confirms four major changes to Universal Credit starting from next April

Nearly 4 million households will see an annual income boost estimated to be worth £725 under new reforms.

Politics

7 d. ago Bank of England says UK banks can increase riskier mortgage lending – business live

Rolling coverage of the latest economic and financial news, as BoE recommends banks can issue more high loan-to-income level loansCopper prices in US hit record high after Trump announces 50% tariffTrump threatens to escalate trade war amid confusion over new tariff ratesCarsten Menke, Head of Next Generation Research at Julius Baer, says the copper tariffs will be inflationary domestically in the US and deflationary internationally – which matches the price action we’ve seen since last night.Menke also points out that the jump in US copper prices (13% yesterday) is less than the 50% tariff, implying traders expect some imports will be exempt, saying:President Trump announced the imposition of 50% import tariffs at a cabinet meeting yesterday. While US-traded futures jumped on the news, the price differential is well below the tariff level, pointing to expectations of exemptions for key suppliers or expectations of different demand dynamics.As already mentioned, we remain of the con...

Economics

2 w. ago Soaring food costs drive shop prices higher for first time this year

Overall shop prices are rising for the first time in almost a year after food price inflation accelerated last month, the new figures suggest.

Economics

3 w. ago Laura Hamilton and Tasha Ghouri lead the red carpet glamour as they wow alongside a dapper Sam Thompson and Pete Wicks at the annual TRIC Awards

Launched in 2019, the event honours the best of British mainstream TV and radio across all genres, with winners decided by public vote from a list of pre-established nominations.

Events

3 w. ago Supermarket essentials including butter, chocolate and meat continue to surge in price

Food price inflation rose to 4.7% in the four weeks to 15 June - the highest level since March - with some of the steepest increases hitting staple items

Economics

3 w. ago Reduce your Council Tax payment next month without claiming a discount

Nearly half a million households in Scotland are receiving a Council Tax Reduction on their annual bill.

Economics

3 w. ago How will your household costs be affected by conflict in the Middle East?

The price of oil rising impacts on fuel, transport, production and inflation

Events

4 w. ago House prices in every London borough after unexpected jump in average property value

The annual rate of house price growth fell to 3.5% in April, from 7.0% in March, the Office for National Statistics said.

Society

4 w. ago UK house prices fall at fastest pace in four years after stamp duty rise

Annual house price growth halves to 3.5% in April as temporary tax relief ends

Politics

4 w. ago Annual house price growth halves as buyers reach stamp duty cliff edge

The annual rate of house price growth fell to 3.5% in April, from 7.0% in March, the Office for National Statistics said.

Economics