Cancelling unwanted direct debits could revive your pension January 6, 2026 Cancelling unwanted direct debits could add thousands to Brits’ pension pots, as more people look to rein in unnecessary spending to beef up their retirement savings. The average Brit wastes nearly £40 a month on direct debits they no longer need or regularly use, such as streaming services, gym memberships and old insurance policies, according [...]
Fiscal drag to push thousands of families into child benefit tax charge January 6, 2026 The Chancellor’s decision to freeze tax thresholds will leave thousands of families forced to pay High Income Child Benefit Charge, eroding the value of government support. According to official HMRC forecasts, uncovered in a freedom of information request by Quilter, fiscal drag will force 35,000 more families into paying the charge, jumping from 324,000 in [...]
Next shares rise after Christmas shopping frenzy January 6, 2026 Next shares jumped on Tuesday after the high street staple toasted another frenzied Christmas shopping period. The FTSE 100 group’s stock soared as much as 5 per cent to 14,265 pence, with shares now up by almost a fifth over the past six months after it hailed a 10.6 per cent jump in fourth-quarter full [...]
Business rates reform must even playing field between high street and online January 6, 2026 Bricks and mortar businesses are being unfairly punished by outdated business rates in need of reform, writes Ros Morgan
Soaring food costs send shop price inflation higher January 6, 2026 Soaring food costs pushed shop price inflation higher in December, fresh data has revealed, as Brits faced the crunch during the Christmas season. Food inflation reached 3.3 per cent in the final month of 2025, up from three per cent in November, with fresh produce rising to 3.8 per cent from 3.6 per cent previously. [...]
Brits borrowed more despite Budget unease January 5, 2026 British consumers took out more in credit over November than expected despite suggestions that Budget speculation would have held people back from taking risks, official data has shown. Economists widely predicted that weeks of speculation over tax rises dampened consumer sentiment and prevented people from borrowing more. But the Bank of England has revealed that [...]
FTSE 100 Live: Shell and BP lead index near 10,000 amid oil tensions January 5, 2026 Good morning and welcome back to the City AM morning liveblog. The FTSE 100 kicked off the new year on the front foot marking an intraday high of 10,046.25p on Friday in the first trading session of 2026. Whilst it slipped back in later trading, strong performances across blue-chip heavyweights including Rolls-Royce and Fresnillo, led [...]
UK economy showing signs of ‘zombie apocalypse,’ says think tank January 5, 2026 The UK economy faces a “zombie apocalypse” in the coming year, as years of tough trading conditions force thousands of unproductive firms to the wall, an influential left-leaning think tank has predicted. The Resolution Foundation forecasts a “triple whammy” of multi-year increases in interest rates, energy prices and the minimum wage will lead to the [...]
Rainy day savings, pensions and stocks: Brits’ 2026 financial resolutions January 5, 2026 Nearly one in three people are aiming to reduce their monthly spending in 2026, as more Brits look to boost their savings. According to a survey commissioned by Pensions UK, committing to building up ‘rainy day’ savings as a new year’s resolution has grown in importance, with 28 per cent planning to do so this [...]
Starmer: I’ll still be prime minister going into 2027 January 4, 2026 Prime Minister Sir Keir Starmer has insisted he will still leading the country this time next year, dismissing concerns about his leadership, despite growing rumours about challenges within the party. The Labour leader said that frequent leadership changes were not in the national interest, taking note of the “chopping and changing” of prime minister under [...]