The Bank of England Act 1946 came into effect 80 years ago, formalising state ownership of the central bank. This move by the Labour government marked a symbolic shift in economic policy, though day-to-day operations saw little change.
NS&I reduces the premium bonds prize fund from 3.6% to 3.3%, lengthening odds from 22,000-1 to 23,000-1. Higher-value prizes decrease while £25 wins rise, impacting 22 million holders.
The International Monetary Fund has approved a substantial $8.1 billion loan package for Ukraine to support its economy during the ongoing conflict, marking a critical financial lifeline.
From April 2026, over 860,000 sole traders and landlords must file quarterly tax updates under Making Tax Digital, with income thresholds set to drop, raising concerns about administrative burdens.
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On February 26, 1995, Britain's oldest merchant bank Barings collapsed after rogue trader Nick Leeson lost £827m through unauthorized speculative trades concealed in an error account.
Haringey Council faces scrutiny after spending nearly £7 million annually on 45 full-time staff, with officials blaming national shortages in key professions like law and accountancy.
Gwendolyn Westbrook, former CEO of a San Francisco homeless services non-profit, faces nine felony charges for allegedly misappropriating public funds meant to shelter vulnerable populations.
Financial Conduct Authority deputy chief executive Sarah Pritchard says regulators need government guidance on risk tolerance to balance growth and consumer protection.
Thousands of grandparents are missing out on up to £6,600 in retirement income by not claiming specified adult childcare credits from the DWP, which can enhance state pensions.
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Construction slowdowns and inflation have jeopardised Barking and Dagenham Council's ability to repay £1.1bn borrowed for regeneration projects, forcing a strategic overhaul.
HM Revenue and Customs is implementing a significant shake-up of the self-assessment tax system through its Making Tax Digital initiative, requiring taxpayers to adopt digital record-keeping and quarterly updates.
Sky News economics editor Ed Conway explores the Bank of England's secret vaults, holding £64bn in gold, discussing its soaring value and global significance in London.
HMRC collected a record £7.1bn in inheritance tax between April 2025 and January 2026, driven by frozen thresholds and rising asset prices. Experts warn of growing impact on wealth transfer as government reforms loom.
Sky News gains rare access to the Bank of England's underground gold vaults, revealing the world's largest single deposit of gold, its history, and its role in global finance.
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The Financial Reporting Council faces an exodus of leadership after government abandons audit reform legislation, raising concerns about regulatory effectiveness in corporate governance.
New York lawmakers propose a new wealth tax targeting high-value property owners, aiming to address inequality and fund public services amid economic pressures.
Banking leaders are discussing a UK-based payment network by 2030, aiming to enhance financial security and reduce reliance on American giants Visa and Mastercard.
Dame Meg Hillier calls for clarity on risk tolerance as regulators balance growth and oversight. The FCA emphasizes effective regulation over binary debates about rulebook size.
The Netherlands' new capital gains tax on unrealised profits raises questions about fairness and feasibility, with potential implications for the UK's wealth tax discussions amid legal and political pressures.
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Council tax is set to increase in 33 London boroughs from April 2026, with most raising rates by 4.99%. Discover the exact percentages and costs for each borough, including exceptions like Wandsworth and Westminster.
UK bank bosses are holding talks to establish a national payments network, aiming to reduce reliance on US-owned Visa and Mastercard amid concerns over potential disruptions.
Australia is set to witness a massive $54 trillion wealth transfer through inheritance, raising critical questions about economic equality and social impact.
Australia faces a massive $5.4 trillion intergenerational wealth transfer over the next two decades, threatening social mobility, economic equality, and faith in the fair go principle.
Australia's Treasury is modeling tobacco price impacts as experts call for excise freeze to combat booming illicit trade costing billions in lost revenue.
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A parliamentary watchdog condemns NS&I's £3bn modernization program as a 'full-spectrum disaster,' exposing taxpayers to unacceptable risk with little progress.
Angela Rayner and Andy Burnham condemn punitive business rates and tax policies harming pubs and hospitality venues, calling for urgent relief measures.
Australia's super-rich, including millionaires, are set to face higher taxes as part of a new policy targeting wealth inequality and boosting public revenue.
Young people born between 2002-2011 could have over £2,000 in dormant Child Trust Fund accounts they don't know about. HMRC urges checking via government locator tool.
Around 60,000 mixed-age couples are being denied Pension Credit under controversial DWP rules, with some losing up to £7,000 yearly, pushing many into severe financial hardship.
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UK gilt yields rise after communications chief Tim Allan resigns, following chief of staff Morgan McSweeney's departure, raising questions about Keir Starmer's leadership stability.
