News

ALEX BRUMMER: What the Governor of the Bank of England has just told me about what's REALLY terrifying the world's economic leaders - and it's not the Iran war

Yesterday

After bumping into Bank of England Governor Andrew Bailey last week, I expected the conversation to turn to the Strait of Hormuz. But the Governor had something even more alarming on his mind...

Iran war 'continues to stoke consumer anxiety' amid inflation gloom

Yesterday

The British Retail Consortium (BRC) has warned that the longer the conflict continues, the more 'uncertainty' there is in the economy, with households bracing for price increases.

Reckitt shares plunge to lowest level in more than a year as global turmoil sees sales stutter

Yesterday

The consumer goods giant, whose brands include Durex, Dettol, Nurofen and Vanish, said sales rose by 1.3% to £2.6bn in the first three months of the year.

House prices in London's most expensive boroughs suffer double-digit declines - with Kensington & Chelsea down £155,000

Yesterday

House prices in some of London's most expensive boroughs have suffered double-digit falls as a North-South divide opens up in the property market.

Democracy flame to burn at BP: Oil giant's AGM promises to be a defining moment, says ALEX BRUMMER

Yesterday

BP has rarely been out of the headlines over the last year with top-level boardroom reshuffles and merger speculation.

Clarks back in profit - but Shoe Zone warns of a darkening outlook as it is hit by Labour tax hikes and the Iran war

Yesterday

Clarks, modelled by guitarist Nile Rodgers (pictured), posted profits of £44.8m for last year having made a loss of £39.2m in the previous 12 months

So much for not raising taxes on working people! Reeves' hikes on jobs are largest in developed world, warns OECD

Yesterday

Labour has inflicted a sharper hike in taxes on jobs in Britain than that experienced by any other major economy, new analysis shows.

The famously tiny car making a big comeback: Smart's ForTwo - a 2000s icon for being a doddle to park - returns next year

Yesterday

The Smart ForTwo became a huge hit when it arrived in Britain at the turn of the Millennium. Its incredibly petite dimensions made it the ideal motor for city living. In 2027, it is back.

Mortgage rates in biggest fall for over a year - but borrowers warned Iran war Trumpflation shock could trigger fresh misery

Yesterday

In a boost for millions of borrowers, the average two-year fixed rate fell from 5.87 per cent to 5.83 per cent while a typical five-year deal dipped from 5.76 per cent to 5.73 per cent.

JEFF PRESTRIDGE: I fear Chancellor is coming for the triple lock

Yesterday

There is mounting evidence that the scrapping of the triple lock governing the annual increase applied to the state pension could be on the agenda.

Iconic high-street shoe shop is closing 10 stores as part of takeover deal with Next

Yesterday

A major shoe retailer has closed a string of its stores, and administrators told This is Money further closures were imminent.

This is exactly how police can tell if you're using a dodgy fire stick to watch TV: I'm an officer in a new special team coming for EVERYONE... and this is the trick that helps us catch you

Yesterday

Settling down on the sofa with family to watch the latest blockbuster movie or live football on the TV, you are disturbed by a knock on the door. It's not a friendly neighbour but a couple of burly policeman.

Is Britain about to become a nation of investors? This is Money Podcast

Yesterday

A new government-backed campaign to get Britain to become a nation of investors is about to kick off. Why and is it a good idea?

Visa launches TikTok Creator Card for influencers to have quicker access to their cash

Yesterday

Dubbed the 'Creator Card', the debit card is designed to give influencers faster access to their money and 'greater control over their finances'.

McDonald's wants unemployed Gen Z to fill thousands of work experience placements

Yesterday

In a bid to counter the tidal wave of joblessness among young people, McDonald's has vowed to offer 2,500 paid work experience placements across its business.

Government looks to fix spray foam problem which has left thousands unable to sell or remortgage

Yesterday

The Government and property industry is stepping up its efforts to tackle the growing spray foam problem.

Average central London house price drops £37,000 in a year... but northern property is on the rise

Yesterday

The market for flats, and especially new-build flats, is struggling which is affecting house prices in London.

Shoe Zone faces losses of more than £1m and blames tax raid and Iran war for consumer 'caution'

Yesterday

Shoe Zone is facing annual losses as customers tighten their belts, blaming the Chancellor's tax raid and ongoing Iran war for 'challenging' conditions.

Travel giant Tui takes £35m hit from Middle East war and slashes profit forecasts

Yesterday

Tui said the conflict and uncertainty about how long it will last is containing 'to limit near-term visibility and drive consumer caution,' as it also suspended its sales guidance.

Labour's student loan interest rate cap will ONLY benefit graduates earning more than £44k

Yesterday

Labour's interest cap on student loans will only help those who earn more than £44,300, because of the way student loan interest is linked to inflation.

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