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ECONOMY
Lloyds income soar by a 3rd on enhance from greater rates of interest however it warns Iran struggle…
Lloyds reported soaring profits in the first quarter as higher interest rates boosted income, but the lender warned of a deteriorating economic outlook sparked by the Iran war.The lender’s pre-tax profits climbed by 33 per cent to £2billion…
ALEX BRUMMER: Conjuring up hire controls, that failed outdated socialist favorite, is closing proof…
Faced with crippling borrowing costs, inflation on the up, growth almost non-existent and the world edging closer to full-blown recession, rarely has a Chancellor of the Exchequer been under greater pressure to produce some answers.Yet the…
Should the triple lock pension pledge be made everlasting? Two in 5 suppose it ought to…
Two in five people strongly support the state pension triple lock and think it should be made permanent, new research reveals.The popular pledge means the state pension should increase every year by the highest of inflation, average…
The electrical vehicles being CANCELLED: Makers who’ve wielded the axe on EVs because of low…
While electric car sales are on the rise, their growth isn't accelerating at the pace industry and governments initially expected - or as fast as car makers who invested heavily would like.This is certainly the case in the UK. Electric…
The southern cities and cities the place home costs are falling even MORE than in London
Londoners are not the only homeowners seeing their properties fall in value, according to the latest data from Zoopla.The property portal says that average prices in every city in southern England were lower than they were a year ago…
‘A severe blow to the Government’: Labour blasted as Britain faces £70BILLION hit from…
The Middle East energy shock could plunge the UK into recession and wipe close to £70billion off the economy over the next two years, according to a doom-laden report.In a bleak assessment of Britain's prospects, the National Institute of…
Race to 10k: Sunshine and denim shorts assist classic garments reseller Jess Morton stretch her lead
Vintage clothes reseller Jess Morton has extended her lead in our Race to £10,000 this week. Online shoppers have snapped up her bundles of denim shorts and printed T-shirts.Antiques dealer Gordon Kennedy has sold nine items so far and…
Barclays curbs dangerous lending to shadow banks after taking £228m hit on collapsed UK mortgage…
Barclays is curbing some of its riskier lending to so-called ‘shadow banks’ after taking a £228million hit on a collapsed UK mortgage provider.The Market Financial Solutions (MFS) charge pushed the sum Barclays has set aside for souring…
United Arab Emirates to give up OPEC after 60 years in main blow to the oil cartel
The United Arab Emirates is quitting the Organisation of the Petroleum Exporting Countries (Opec) after 60 years, in a major blow to the cartel.As an unprecedented energy crisis caused by the Iran war exposes discord among Gulf nations, the…
Borrowing prices soar as rising oil value sparks fears of an inflation shock and better rates of…
UK government borrowing costs jumped yesterday as the rising price of oil fuelled fears of an inflation shock and higher interest rates.The ten-year gilt yield hit 5 per cent for the first time since late March, while the 30-year yield rose…
