As it happened: Stocks rise as oil lower; Iran threatens ‘forceful response’ over Strait of Hormuz Markets Welcome back to the City AM liveblog. The rate of traffic flowing through the Strait of Hormuz is gradually picking back up in a major boost to the oil market. Brent crude – the international benchmark for oil prices – held steady at near $72 per barrel on Friday morning. It marked a similar level [...]
Rumoured changes to inheritance tax gifting spark concern for middle-class Economics Reeves is looking at measures to increase revenue from inheritance tax by tightening gift rules, a move that may disproportionately affect the middle class.