ECONOMY

Andrew Bailey has warned the world may face a crisis as grave as the banking meltdown in 2008.In a letter to the IMF’s main steering committee, which meets today, the Bank of England Governor said ‘the conflict in the Middle East has…

Mortgage rates have fallen at the fastest pace for over a year as investors bet the Bank of England will leave borrowing costs unchanged next week despite the inflation shock from the Iran war.In a boost for millions of borrowers, the…

A debit card targeted at content creators and influencers has been launched by TikTok and Visa. Dubbed the 'Creator Card', the debit card is designed to give users faster access to their money and 'greater control over their…

The Government and the property industry is stepping up its efforts to tackle the growing spray foam problem that has left tens of thousands of people with unsellable and unmortgageable homes.There are around 250,000 homes in Britain…

Shoe Zone is forecasting annual losses of up to £2million, blaming the Chancellor's tax raid and ongoing Iran war for 'challenging' conditions as customers tighten their belts. The retailer said 'continued weakening' in consumer…

McDonald's has vowed to do its bit to get more young people across working across Britain. Official figures this month showed the unemployment rate in the three months to February among 18 to 24-year-olds rose to 14.3 per cent, up…

Travel giant Tui has revealed it has already taken a £35million hit from the Iran war and has cut its profit guidance as consumers delay booking their holidays.Europe's biggest tour operator said the conflict and uncertainty about how…

The Smart ForTwo became a huge hit when it arrived in Britain at the turn of the Millennium.Its incredibly petite dimensions - measuring in at just 2.5 metres long - made it the ideal motor for nipping around city centres with consummate…

Property prices in London have fallen further into the red, according to the latest figures from the Office for National Statistics.In the 12 months to February, property prices in the capital fell 3.3 per cent, the equivalent of £18,768…

Labour's interest rate cap on student loans will only benefit graduates earning more than £44,300 per year, it was revealed today.The interest rate on Plan 2 student loans has been capped at 6 per cent for one year from September 2026, in a…