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Gen Z increasingly opts out of pensions amid cost pressures
A growing number of Gen Z people are choosing to leave pension schemes as cost-of-living pressures increase, despite the potential long-term financial cost.
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Bank of England governor warns AI investment boom could cause market shocks
Andrew Bailey says the Bank of England is monitoring large flows of cash into artificial intelligence investments closely, amid concerns that the sect...
Business
BBC director general warns financial pressures could lead to channel and radio closures
BBC director general Matt Brittin has warned that the organisation’s financial position may result in some television channels and radio stations clos...
Business
IMF urges advanced economies to reduce debt as borrowing costs rise
IMF managing director Kristalina Georgieva has called on advanced economies to bring down their debt as higher borrowing costs increase pressure on pu...
Business
Government borrowing rises by a fifth to £18bn in August
Government borrowing reached £18bn in August, exceeding expectations as inflation increases pressure on public finances before the Budget.
Business
Report finds almost half of households see no benefit from economic growth
An analysis has identified a stark average gap in household spending power between northern and southern England, while almost half of households are...
Business
UK in talks to join Canada-led global defence bank
The UK is discussing whether to join a proposed global defence bank led by Canada. Supporters say the institution could help governments secure cheape...
Business
Low-deposit mortgages reach highest UK share since 2008
Mortgages involving smaller deposits now account for the highest share of UK lending since 2008, as borrowers explain how they are managing the risks,...
Business
Japan raises interest rate to 31-year high amid rising prices
Japan has increased its interest rate to a new 31-year high as policymakers seek to contain rising prices. The move comes amid a wider international r...
Business
Bank holds rates but says energy prices may make rise more likely
Interest rates have been left unchanged for a sixth consecutive time, while the Bank of England has indicated that persistently high energy prices cou...
Business
Barclays staff seek payment to cover office return costs
Unite has called for a one-off payment for Barclays employees it represents, saying staff face higher travel and childcare costs linked to returning t...
Business
US Federal Reserve raises interest rates for first time in three years
The Federal Reserve has unanimously voted to raise US interest rates to a range of 3.75% to 4%, marking the first increase in three years.
Business
Mortgage borrowers face setback as major lenders raise rates
Major lenders have increased rates on new mortgage deals in recent days, disappointing borrowers who had expected costs to fall and forcing many to re...
Business
HMRC to contact about one million people over £70 pension tax relief refunds
Around one million people, most of them women, are owed pension tax relief and are due to be contacted by HMRC about a £70 refund letter that is genui...
Business
Netherlands relocates 86 tonnes of gold from North America
The Netherlands has moved 86 tonnes of gold out of North America, prompting questions about why European countries are reconsidering where their gold...
Business
Dutch central bank moves gold reserves to London
The Dutch central bank has shifted part of the Netherlands’ gold reserves from the US and Canada to London, citing growing geopolitical unrest as part...
Business
UK long-term borrowing costs reach highest level since 1998 ahead of October Budget
UK long-term borrowing costs have risen to their highest level since 1998, adding pressure on Andy Burnham before his first Budget in October.
Business
Bank of England governor warns AI could trigger global downturn
The governor of the Bank of England has warned that artificial intelligence could contribute to a worldwide economic downturn, citing volatility linke...