News

Inflation will rise again this year, says Bank of England as markets tip interest rate hike in autumn

Today

The Bank of England held interest rates at 3.75% today, despite fears that the recent spike in energy prices could prompt another inflation shock.

Burnham urged to cut costs for small firms as sales slow and hiring hits a six-month low

Today

Higher energy prices and continued economic uncertainty are piling the pressure on small firms already suffering from a slowdown in sales.

Foxtons boss urges Burnham to reform stamp duty as he warns London house sales could fall to record low in 2026

Today

Buyer activity in London was held back by weak consumer confidence and higher interest rates in the period, the London-focused estate agency said.

Homes with a sea view cost up to £220,000 more as buyers prepared to splash out on coastal locations

Today

Rightmove probed asking prices in seaside towns and found the price tag of a sea view property has soared by more than a quarter in the past seven years.

Bank of England holds interest rates at 3.75%: What it means for your mortgage and savings

Today

Rates had been expected to fall this year, but worries about an inflation spike caused by the conflict in Iran have led the Bank to act cautiously.

Johnson & Johnson to pay £4.1bn to settle lawsuits alleging talc products cause cancer

Today

The New-Jersey-based company - well-known for its baby powder - has proposed a settlement in an attempt to turn the page on the long-running legal battle.

China's bargain Rolls-Royce SUV is coming to Europe: Enormous Zeekr 9X costs a fraction of the £345k Cullinan

Today

Zeekr's aim is to convince drivers to ditch traditionally popular luxury marques such as Audi, BMW, Mercedes and Range Rover - as they have done in China.

Rolls Royce shares rise as firm reveals profit boost from data centres and defence spending

Today

The aero-engineering firm expects to make £4.7billion to £4.9billion in underlying operating profit this year, beating forecasts.

Steve Webb answers pension questions: Read all the replies

Today

Former Pensions Minister Steve is This is Money's Agony Uncle. Here's where you can check out all his previous columns to see if any involve issues affecting you.

Rule out a double 'death tax' now to save social care, warns Simon Lambert

Today

The reality is that we need to pay for this and the revival of Andy Burnham's National Care Service concept has resurfaced an idea that was dubbed 'the death tax'.

Fixed savings rates reach 5% for the first time since 2024 - should you lock in?

Today

It's a good time for savers, with rates on the climb across both normal savings accounts and tax-free Isas. Here's a look at the best available rates plus what to watch out for.

Lloyds sets sights on more cost-cutting after axing Halifax as profits rocket 23%

Today

Lloyds Banking Group said it would deliver gross cost savings of around £2billion by deploying technology to automate processes and improve the productivity of its staff.

Trump's pitch invasion: Sport is the new El Dorado for private equity and hedge funds, says ALEX BRUMMER

Today

The notion of Gianni Infantino seeking to sell off a newly minted FIFA commercial arm to a Trump-connected private equity fund is not a beautiful idea.

House sales drop in summer property slump: Frustrated sellers urged to cut price now, not wait until September

Today

Higher mortgage rates and political uncertainty have led to a sharper-than-usual summer slowdown in the property market, according to the website Zoopla.

Number of people living to 90 soars: How will they pay for social care - and will Burnham's plans stem the crisis?

Today

The number of people aged 90-plus has soared by 54% over the past two decades, figures reveal - as the Prime Minister launches his plan for a National Care Service.

Shell profits more than double as traders cash in on volatile oil prices

Today

Shell has shrugged off 'severe disruption' in energy markets this year as its traders cashed in on higher oil prices.

Cash Isas saved Britons £2.79bn in tax in just one year... but that is set to drop as Labour slashes allowance

Today

Tax relief on money held in cash Isas doubled in just one year as savers stuffed money into the accounts to avoid the taxman's clutches.

Tesco and Sainsbury's sound alarm over food supplies after heatwaves and wildfires in Europe

Yesterday

In a new letter to Andy Burnham, major supermarkets have urged ministers to tackle issues around food security.

Carmakers call for help on costs as production falls 7.5% in the first half of this year

Yesterday

The Society of Motor Manufacturers and Traders said 385,979 cars and vans rolled off UK assembly lines in the first half of 2026.

US Federal Reserve in 'family fight' as rates are left on hold as officials split over how to tackle inflation

Yesterday

It was the second rates meeting under new Fed chief Kevin Warsh, pictured, who took over in May after being appointed by president Trump.

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