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Income tax thresholds frozen for three more years
The thresholds at which people begin paying income tax and move into a higher tax rate will remain unchanged for a further three years, potentially affecting how much of future pay is taxed.
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Podcast episode examines the secrets of creating a budget
A daily news podcast episode titled “The Secrets Of Creating A Budget” focuses on the process of creating a budget. Episodes are available from Monday...
Business
Surrey retired decorator becomes millionaire after Pokémon card auction
A retired decorator from Surrey has become a millionaire after selling a collection of Pokémon cards at auction.
Business
Barclays to cut 5,000 jobs as it increases use of AI
Barclays says it plans to reduce its workforce by 5% as the bank expands its use of artificial intelligence, equivalent to about 5,000 jobs.
Business
Treasury estimates Britain could have built a £1 trillion oil fund
The Treasury has calculated for the first time how much the UK might have raised by investing proceeds from North Sea oil and gas, with the potential...
Business
Audit regulator makes inquiries into Manchester City accounting
An audit regulator is making inquiries into Manchester City’s accounting, but has not started a formal investigation into the case.
Business
Revolut users report payment and app access problems during outage
Thousands of Revolut users reported difficulties with the app on Tuesday, including problems making some payments and accessing funds. The disruption...
Business
Finance and business leaders confront uncertainty at IMF meeting in Bangkok
Finance and business leaders gathered in Bangkok this week for an IMF meeting, where uncertainty was a central issue in discussions among the world’s...
Business
Banks expect tax measures in Budget later this month
Senior banking executives expect the sector to face new tax measures in the Budget later this month, although no details of the potential changes have...
Business
IMF officials praise UK plans to reduce annual borrowing
Senior International Monetary Fund officials have praised UK plans to lower annual borrowing levels on three occasions over the past 24 hours, highlig...
Business
Bank of America fined $1.2bn over money-laundering failings
Bank of America has been fined $1.2bn after the Treasury said it failed to adequately flag transactions linked to potential Chinese money-laundering n...
Business
Jamie Carragher settles unpaid tax bill to avoid bankruptcy
Jamie Carragher has paid an outstanding tax bill owed to HM Revenue and Customs, resolving the debt and avoiding bankruptcy.
Business
IMF upgrades UK growth outlook but warns of pressure from energy prices and interest rates in 2027
An IMF report has upgraded its assessment of UK growth while warning that energy prices and interest rates are expected to weigh on the economy in 202...
Business
Some debt advice may leave borrowers owing more as missed repayments rise
More people are falling behind on credit card repayments, prompting attention on how borrowers seek debt advice and the risk that some guidance could...
Business
Hedgehog among four animals selected for new banknotes
A hedgehog is one of four animals chosen to appear on new banknotes following a public vote involving almost 500,000 people.
Business
Equinor warns UK could become ‘uninvestable’ without new fields
Equinor has warned that it may avoid further investment in the UK if proposed oil and gas developments at Rosebank and Jackdaw are not approved.
Business
Parents save £100 a month into pensions for their young children
Some parents are putting money into pension funds for their children, including a family saving £100 a month for a toddler and a baby.
Business
Average five-year mortgage rate reaches 6% as lender costs rise
The average cost of a new five-year fixed-rate mortgage has reached 6% for the first time in three years, following increases in recent weeks as lende...