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ECONOMY
MARKET REPORT: Energy giants rocked by windfall tax hike fears
A chill ran through the boardrooms of Britain’s oil and gas companies as the Government hinted at plans to tighten its squeeze on their profits.Bosses of the big energy companies have been summoned to a meeting today by the Chancellor of…
Retail tycoon Mike Ashley splashes £1.3m on private jets
Jet-setter Mike Ashley spent £1.3million using a private jet and helicopter last year despite a troubling time for the High Street. Mike Ashley's Mash saw profits fall to just under £100m from £200m the year beforeThe aircraft is…
Wall Street stocks surge as US consumer inflation cools to 8.5%
US Stock markets roared after inflation data was lower than expected, raising hopes that price rises had peaked.The Dow Jones, a key index on Wall Street, surged 1.6 per cent to its highest level in two months after figures showed inflation…
ALEX BRUMMER: Biden’s $740bn tax and climate package gives him an energy boost
Donald Trump may have been dominating headlines after the FBI raid on his Mar-a-Lago compound in Florida. But in case you hadn't noticed, it has been a much better week for Joe Biden.The President's $740billion (£604billion) tax and climate…
Give 100% mortgages to first-time buyers who have been good renters, Gerard Lyons says
Reform of the mortgage market is needed to turn 'generation rent' into 'generation buy', a leading economist says.Gerard Lyons, economic adviser to Boris Johnson during his time as London mayor, urged the next Prime Minister to tackle…
Buoyant Footsie defies the gloom with FTSE 100 up nearly 5% this month
A week on from Bank of England Governor Andrew Bailey’s pessimistic forecasts for the UK economy – and markets are up while consumer sentiment is improving.At the Bank’s quarterly economic review last week Bailey predicted a protracted…
How to speed up a mortgage application and lock in a low interest rate amid rises
Mortgage lenders are reporting overwhelming levels of demand, as desperate homeowners and buyers try to lock in rates before they rise. Last week the Bank of England announced a 0.5 per cent increase in its base rate to 1.75 per cent –…
BA lost my luggage, returned it without valuable items – and now won’t pay to replace…
In April, my partner and I took a first class return British Airways flight from Mauritius to London, with a connecting flight in Johannesburg. It was the worst travel experience I have had in 40 years of travelling with BA.My partner,…
Prime London property prices to rise 6% next year despite economic turbulence
London’s prime properties are predicted to see 6 per cent price growth next year - the third highest globally - despite an increasingly choppy economic backdrop.The UK’s capital sits just behind Miami and Los Angeles where prime prices are…
How to spot a rogue trader, after ‘cowboy builder’ complaints rose 31% last year
Britons are urged to be on their guard against rogue traders when having work done on their home, amid a rise in official complaints. Homeowner complaints about cowboy builders soared by almost a third last year compared to the…
