News

Central bank alarm as oil soars to $126: Bailey and Lagarde warn of interest rate hikes to combat inflation shock

Today

The price of a barrel of Brent crude spiralled to more than $126 in early trading, a new four-year high, as fears grew that peace remained a long way off.

William Hill owner Evoke to shut around 270 betting shops to offset a hit from higher taxes

Today

The debt-laden firm has earmarked sites for closure after losses more than doubled to £549.1m last year - largely due to a gambling duty hike in November.

Yet more MPC fearmongering: Debating scary scenarios is not the way to run a country, says MAGGIE PAGANO

Today

Criticism of the Bank of England's back-to-front interest rate policy over the last few years has clearly rattled a few of the pillars in Threadneedle Street.

New York hedge fund Saba victorious in battle against Edinburgh Worldwide board

Today

Saba, run by Boaz Weinstein (pictured), effectively seized control of Edinburgh Worldwide in what was described as a 'rude awakening' for the industry.

Best cash Isa savings rates: Easy access and fixed deals in our tables

Today

This is Money's best cash Isa tables are updated as new deals arrive and highlight the top easy access and fixed rate Isas from banks and building societies.

Premier Inn owner blames Labour tax hikes as it axes 3,800 jobs

Today

Whitbread boss Dominic Paul said the job losses were related to hotels being hit with increases to business rates and national insurance contributions for employers.

What you need to know about the Renters' Rights Act: How it will affect landlords AND tenants

Today

On Friday, the Government's Renters' Rights Act will come into force, giving tenants the biggest increase to their rights in a generation.

Labour's crackdown on keyless car crime: New law makes it illegal to carry gadgets used in three in five vehicle thefts

Today

The Crime and Policing Act 2026 now makes it a criminal offence to manufacture, import, supply, adapt or possess any electronic device that can be used to steal cars.

Small business sales slowed to two-year low even before the Iran war as tax hikes bite

Today

Small firms have been battered by changes to business rates and higher labour costs, following the increase in employer National Insurance contributions.

Mortgage misery for millions: Borrowers face up to SIX interest rate hikes on Iran war inflation shock

Today

Borrowers could be battered with six interest hikes over the coming year if the Iran war causes a sustained rise in oil prices, the Bank of England has warned.

Bank of England HOLDS interest rates at 3.75% - but borrowers brace for more mortgage misery this summer

Today

The Bank of England held interest rates at 3.75 per cent today despite the inflation shock caused by the Iran war.

Pavement parking fines incoming across England with councils handed enforcement powers under new law

Today

The English Devolution and Community Empowerment Act received royal assent on Wednesday, which includes landmark legislation for authorities to tackle dangerous parking.

Unilever warns of price increases as Iran war weighs on retailers

Today

The boss of Unilever said: 'We continue to move at speed to build a simpler, sharper Unilever with a structurally higher growth profile and a brand portfolio fit for the future.'

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

Today

The Bank of England has once again opted to hold interest rates at 3.75% today, but the base rate is now expected to rise later in the year.

I rented 10 flats in 16 years: Here's why the Renters' Rights Act will hit tenants in the pocket says HELEN CRANE

Today

The changes would have saved me thousands - but I fear they will cost tenants in the long run as landlords flee the market and hike rents,

Property sales fall 41% in a YEAR as buyers lose tax break and Iran war uncertainty takes toll

Today

The housing market has been suffering since the start of the conflict in Iran, as mortgage rates rise and households put off moves due to concerns about the economy.

Generous gifts to avoid inheritance tax can backfire if your children get divorced, lawyers warn

Today

Law firm Hodge Jones & Allen says it is seeing increasing numbers of parents who regret gifts, particularly large sums of money or property.

Government cuts last-minute deal to pass landmark pension law with controversial new investment powers curbed

Today

A row revolved around a so-called 'backstop' to force big pension firms to deliver on a pledge to invest in private assets and infrastructure projects.

Bank of England to slash growth forecasts as inflation shock spells mortgage misery for millions

Today

The Bank of England is set to slash its UK growth forecasts as business confidence tumbles and thousands of 'zombie' firms battered by Labour tax hikes and the Iran war face collapse.

Oil hits $126 and gilt yields soar on Iran turmoil as Lloyds warns of stagflation

Today

Markets were further jolted as it emerged that Donald Trump has discussed the possibility that the US blockade of Iran could last for months.

The latest news