58 h. ago US House speaker Mike Johnson calls for release of Epstein files amid backlash

Trump has faced growing resentment over the decision of his attorney general, Pam Bondi, to withhold informationUS politics – live updatesAnalysis: How Epstein files uproar became a vehicle for QAnonMike Johnson, speaker of the House, called for the justice department to make public documents related to the disgraced financier Jeffrey Epstein, breaking with Donald Trump over an issue that has roiled the president’s rightwing base.It was a rare moment of friction between Trump and the speaker, a top ally on Capitol Hill, and came as the president faces growing backlash from conservatives who had expected him to make public everything known about Epstein, who killed himself in 2019 while in federal custody as he faced sex-trafficking charges. Continue reading...

Politics

5 d. ago Money issues? The financial psychotherapist will see you now

Vicky Reynal’s clients come in looking to discuss finances. But the therapist says our money habits can reveal much about our desires and relationshipsI am surprised that Vicky Reynal, a financial psychotherapist, is soft and reaffirming when I meet her. Perhaps I shouldn’t be – she is a therapist, after all. But something about her line of work, helping people untangle their issues with money, had primed me to expect someone more brisk, more clinical.I think of how many business executives she meets with, how prohibitively expensive her time must be, and how strong her boundaries probably are. I even panic at the thought of logging into our Zoom meeting one minute late, because time, after all, is money. Continue reading...

Economics

6 d. ago 'Caution needed' as HMRC sends letters to four million taxpayers

A financial expert has issued a warning as people are due to receive correspondence from HMRC

Economics

8 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

1 week ago Brits issued state pension warning as they could be 'financially unsustainable by 2036'

The state pension will become structurally reliant on reserves from the National Insurance investment fund in the next 15 years, according to the Adam Smith Institute (ASI)

Events

2 w. ago Major UK high street store to axe 1,200 jobs after posting near

The beloved high street store, which has been around for 200 years, has been hit with a string of financial issues

Politics

2 w. ago Trump expected to sign executive order to lift some sanctions on Syria

The US president is to issue an order cancelling a 2004 declaration, in move to stabilise country’s new governmentDonald Trump is expected to issue an executive order to lift some financial sanctions on Syria in a move that the White House says will help stabilise the country after the ousting of Bashar al-Assad.The US was expected on Monday to “terminate the United States’ sanctions programme on Syria”, a White House spokesperson said, cancelling a 2004 declaration that froze Syrian government property and limited exports to Syria over Damascus’s chemical weapons programme. Continue reading...

Politics

3 w. ago Crystal Palace could be handed major Europa League boost after Lyon relegation decision

Lyon’s sixth-place finish in Ligue 1 could be voided after they were relegation due to serious financial issues

Politics

3 w. ago 'Thunderbolt' move as Ligue 1 giants Olympique Lyon relegated over financial issues

It is unclear how this 'thunderbolt to French football' will impact Lyon’s participation in the Europa League next season, after the French side racked up millions of euros of debt

Politics