8 Money Changes in May: Rent Rules, P60 Deadline, and More
Key financial updates in May 2026: new renters' rights end no-fault evictions, £10 daily fines for late tax returns, inflation update, Nationwide bonus, and more.
Category : Budget Finance
Lloyds warns Treasury against bank tax raid
Lloyds Banking Group has cautioned the Treasury not to impose a tax raid on banks as the industry anticipates booming profits in 2026, following a strong first-quarter performance.
Lloyds Upgrades Income Forecast on Higher Rates
Lloyds Banking Group raises income target for 2026 as elevated interest rates from Iran conflict boost profits. Pre-tax profit jumps 33% to £2bn.
Rent Controls Panic: UK Treasury Denies Plans After Leaks
Reports of temporary rent controls caused panic among landlords, but No. 10 quickly denied the policy. The confusion highlights internal divisions.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Housing Stocks Drag on FTSE as Inflation Woes Build
Housebuilders' trading updates reveal rising costs, weighing on FTSE ahead of Bank of England's interest rate decision amid inflation concerns.
UAE Quits Opec, Weakens Cartel, Boosts Trump
The UAE has left the Opec oil cartel amid the Iran war, weakening the group and giving a win to Donald Trump, who had accused Opec of inflating prices.
School Staff in 2 London Boroughs Strike Over Pay
Over 1,000 support staff at more than 30 schools in Merton and Greenwich will strike on Friday over unequal London weighting pay.
Pension Deadlock: Government and Lords at Stalemate
The government and House of Lords are locked in a standoff over the Pension Schemes Bill, with disagreements on mandation powers risking its passage before the parliamentary session ends.
UK borrowing costs soar as Iran war drives oil surge
UK gilt yields rise above 5% as Iran war pushes oil prices higher, widening the spread with US Treasuries and exposing Britain's vulnerability to energy shocks.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Barclays CEO: UK Banks Most Taxed; Growth Forecast Cut
Barclays CEO CS Venkatakrishnan says UK banks are the most taxed globally, as the bank cuts its UK GDP forecast to 1% amid Iran war fears and political uncertainty.
BP Posts Highest Profit Since 2023 on Iran War
BP reported a $3.2bn profit for Q1 2026, its highest since 2023, driven by rising oil prices due to the Iran conflict and Strait of Hormuz disruption.
Lords Urge Reeves to Increase Fiscal Buffer
House of Lords committee says Rachel Reeves should aim for a significantly larger fiscal buffer, warning UK debt is on an unsustainable path.
Cut Stamp Duty to Revive Share Ownership
Steven Fine argues the government's Savvy the Squirrel campaign contradicts record stamp duty on share trading, urging a tax cut to boost investing.
Stamp duty 'handbrake' on retail investment, says Peel Hunt CEO
Peel Hunt CEO Steven Fine warns the government's retail investment campaign will fail unless stamp duty on shares is cut or abolished, calling the tax a 'handbrake' on investment.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Labour Peer Warns Reeves Against Using Headroom as 'Piggy Bank'
A Labour peer warns Chancellor Rachel Reeves against using fiscal headroom as a 'piggy bank' for extra spending, urging larger buffers and fewer rule changes.
DWP Benefit Payment Date Changes for May Bank Holidays
DWP and HMRC announce early benefit and State Pension payments due to May bank holidays on May 4 and May 25. See full list of affected payments.
G7 Central Banks Hold Rates as Iran War Fuels Inflation
G7 central banks are expected to keep borrowing costs unchanged amid concerns over inflation from the Iran war, with warnings of prolonged conflict risks.
King's Speech to Set City Reforms, PM Seeks Turnaround
The King's Speech will legislate City reforms including scrapping the payments watchdog and overhauling the ombudsman, as PM aims to boost growth.
NDIS Cuts: Labor's Plan to Save Billions
Explore the financial and human costs of Labor's proposed NDIS cuts. How will the savings impact participants and the broader disability sector?
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Pension Inheritance Tax: What You Need to Know Now
From April 2027, unused pension pots will face inheritance tax. Learn how to spend, gift, or invest to reduce the bill for your heirs.
DOJ Ends Criminal Probe into Fed Chair Powell
The Justice Department closes its criminal investigation into Federal Reserve chair Jerome Powell over building renovations, citing an inspector general review.
Bank of England Holds Rates at 3.75% Amid Iran War
The Bank of England is expected to keep interest rates unchanged at 3.75%, with markets focused on MPC guidance amid Iran war impact on UK economy.
Albanian Gang Raids Cannabis Grow House in TikTok Video
Footage shows masked Albanian gang raiding a cannabis grow house, using infrared scanners to locate heat lamps. The video, posted on TikTok, highlights growing criminal activity in West Yorkshire.
HMRC Reunites Young Britons with Lost Trust Funds
HMRC launches campaign to reconnect young Britons with forgotten child trust funds, average balance £2,200, targeting 21-year-olds with unclaimed accounts.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
UK Finance Firms Hit with £1bn in Fines for Control Failures
UK financial firms have faced £1bn in fines since 2021 due to internal control failures, with over half linked to poor anti-money laundering and fraud prevention, prompting a 'wake-up call' from regulators.
Sainsbury's CEO Calls for Energy Cost Relief for Food Industry
Simon Roberts warns that rising energy costs from the Iran conflict could push up food prices, urging government support for farming, manufacturing, and retail.
UK Services Sector Record Cost Inflation Spike
UK services sector faces record cost inflation spike in April due to soaring fuel prices amid Iran war, surpassing post-mini-Budget levels.
Savvy Squirrel Campaign Aims to Boost UK Investment
The Savvy Squirrel campaign, supported by Chancellor Rachel Reeves, uses advertising to encourage Britons to invest beyond cash ISAs, though critics call it too tame.
UK Borrowing Below Target, Iran War Threatens Headroom
The UK government undershot its annual borrowing target by £700m, but the Iran conflict could wipe out most of Rachel Reeves's fiscal headroom, risking economic stability.
This Free Telegram App Replaces Your Messy Shopping Notes
Shared lists with real-time sync. No signup needed — just open and shop together.
Recommended
Australian Budget 2026: NDIS Cuts and Health Rebate Changes
The Australian government's 2026 budget addresses cost-of-living pressures with NDIS cuts, health insurance rebate adjustments, and fuel crisis measures under Mark Butler and Anthony Albanese.
Page 4 of 27
