UK cost of living squeeze eases after record fall in diesel prices, and drop in mortgage rates – business live
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Independent coverage of UK markets, FCA policy and institutional trading
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy.
James Kaye (Chair, HSBC) welcomed new Committee members: Ellie McCormack (FCA) replacing Oliver McCausland, and Hendrik van der Merwe (Northern Trust) replacing Nikki Woodley.
Consortium led by Michał Sołowow planning enough SMRs to power equivalent of 8m homes for more than 60 years
While most hospitality venues are struggling, there has been an enormous rise in ‘competitive socialising’. But why? And could I find the answer while dressed in a prison jumpsuit and drinking a daiqu…
This shadowy treaty on medicine imports will cost the NHS billions and take funding away from doctors, nurses, cancer scans and the rest
Security checks due to new digital entry and exit system have caused delays and missed flights for holidaymakers
Trump and US officials opted to keep USMCA alive on short leash of annual reviews rather than longer term renewal
The Federal Reserve on Wednesday issued initial findings from its 2025 triennial payments study. The information shows how consumers and businesses chose to make noncash payments, using different type…
AI datacentres, memory scarcity and factory capacity are costing consumers –and console makers
Culture secretary launches first review of how money is spent in more than two decades
US president raked in more than $1bn from crypto – an industry he has sought to deregulate – and a total of $2.2bn last year, files reveal
The FCA has announced Kirsty Cooper will take up the role as Chair of the Listing Authority Advisory Panel (LAAP). Clare Woodman and Matt Hammerstein have been reappointed as Chair of the FCA Markets …
The Trump administration is requiring borrowers to choose new repayment options after the Biden-era plan was ruled unconstitutional
EU urged to make UK exempt from rules that risk becoming the most damaging consequence of Brexit yet
The US cooking oil market is shrinking and unlikely to improve soon because of economic and immigration enforcement pressures on Latino households, the owner of the Mazola brand has said.
The likely next prime minister would rather be in Warrington than Washington, but foreign policy will dominate his agenda more than he thinks
Lloyds Banking Group has announced it is axing the Halifax brand, meaning the 173-year-old former building society’s name will disappear from UK high streets.
A housing shortfall, record home costs and cuts to subsidies are intensifying the US affordability crunch
Average price of typical home little changed at £277,484 in June, says Nationwide, while housebuilder shares fall
Airlines and airports say passengers are struggling in queues of up to five hours for biometric checks
Typical bill will surge by £220 a year from Wednesday, forcing 13.5m homes to spend over 10% of income on fuel
“The UK housing market is proving to be a study in resilience rather than exuberance,” said Anthony Codling , housing analyst at RBC Capital Markets. The average price of a home dipped £540 in June fr…
Anthropic has said the US commerce department has lifted export controls on its Fable and Mythos AI models, less than three weeks after the company was ordered to suspend access to its most advance…
I moved into my new house 14 months ago, and soon afterwards applied to ScottishPower, with whom the solar panels are registered for a feed-in tariff (Fit), for transfer of ownership of the panels and…