UK disposable income rises as benefits payouts soar ahead of wages September 30, 2026 The average UK household’s disposable income increased in the second quarter of the year driven by a rise in benefit payouts. Real household disposable income per head – which measures the average spending and saving capacity of Brits – increased by one per cent in the second quarter to £6,577, new figures from the Office [...]
Bank of England’s Taylor: No need for interest rate hike September 30, 2026 Bank of England official Alan Taylor has downplayed the need to raise interest rates in the face of the looming energy crisis, saying he saw no evidence that price rises from an initial jump in fuel costs were filtering into the wider economy. External Monetary Policy Committee member said the case for rate hikes was [...]
Hull City’s ‘strange’ £55m loan beat Independent Football Regulator deadline September 30, 2026 Hull City took a loan from an American billionaire whose previous hedge fund was fined $1.8bn for fraud and insider trading shortly before mandatory Independent Football Regulator scrutiny of such deals kicked in. Following their promotion to the Premier League, Hull City secured a £55m loan against the club’s stadium from Point72 Lending Ltd, a [...]
End of triple lock: What is the double lock and will it work? September 29, 2026 Andy Burnham has pledged to drop the triple lock on state pensions for a so-called ‘double lock’ in Labour’s next manifesto in order to pay for his new National Care Service. In an address to party members, Burnham confirmed the existing triple lock mechanism will remain in place for the remainder of this parliament before [...]
Legal sector warns against tax ‘raid’ proposal on client account interest ahead of Budget September 29, 2026 London’s legal sector has sounded the alarm over government plans to cut interest on law firms’ client accounts to fund the justice department, warning it could drive some law firms out of business. The Ministry of Justice’s consultation on a proposal to introduce an Interest on Lawyers’ Client Accounts Scheme (ICLA) closed in March after [...]
Financing for Crystal Palace stand construction not completely secured September 28, 2026 Financing for Crystal Palace’s new major stand redevelopment has not been completely secured, the club’s chairman Steve Parish has revealed. The Premier League club is looking to expand its Selhurst Park home to 34,000 seats, up from 25,400, with an all-glass-fronted main stand. The club paid millions to purchase a number of local residential properties [...]
‘Uncharted territory’: UK economy facing shocks as diesel and borrowing costs surge September 28, 2026 The UK economy entered “uncharted territory” on Monday battling an assortment of financial pressures as fears intensified ahead of the next Budget. Diesel costs surged to a record high of 199.18p per litre marking the latest energy shock on the UK economy. Stations were registered as charging 199.18p per litre, according to the RAC. The [...]
The Monetary Policy Committee has changed its mindset. What’s next for interest rates? September 28, 2026 Investec Chief Economist Philip Shaw explains why an interest rate rise now looks more likely – and when these changes are expected. The Bank of England’s Monetary Policy Committee voted 6-3 to keep the Bank rate at 3.75% earlier this month, with the three dissenters backing a quarter-point increase. This was exactly the same voting [...]
Bank of England’s Ramsden says interest rates will need to rise if pressures persist September 28, 2026 Interest rates may need to rise if growing inflation pressures continue to build, according to the Bank of England’s deputy governor, who added there had been “robust discussion” among officials over the authority’s recent bond sale overhaul. Dave Ramsden, who leads the organisation’s oversight of markets and banking, said there would have been “at least [...]
UK has ‘low capital gains tax rates’, Healey says September 27, 2026 The UK enjoys the lowest capital gains tax rate of any major European economy, Chancellor John Healey has said, raising the prospect of another hike at the Budget. Healey has said he wanted to improve the UK’s economic fortunes yet pointed to the UK’s competitiveness on capital taxes when speaking about business confidence. He told [...]