Budget Hits Property Investors with CGT Changes
The federal budget introduces capital gains tax changes affecting existing property investors, aiming to cool the housing market and boost supply.
The federal budget introduces capital gains tax changes affecting existing property investors, aiming to cool the housing market and boost supply.
The Bank of England held interest rates steady at 4.5% as it assesses the economic impact of the Iran war, with markets expecting a cautious stance.
Chancellor Rachel Reeves' tax changes from April 2027 will impact Isas, savings, and rental income. Experts urge early planning to optimize finances.
Lloyds reports pre-tax profits of £2bn in Q1, up a third, but warns the Iran conflict could cost £151m due to rising unemployment, inflation, and housing slowdown.
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RecommendedGreg Jericho argues that another RBA rate hike won't curb inflation driven by fuel costs but will instead burden households already struggling with soaring prices.
The EU will cover up to 70% of extra fuel and fertiliser costs for farmers, fishers, and hauliers, with individual companies eligible for up to €50,000 until year-end.
Nearly 2 million more Brits dragged into higher tax bands due to frozen thresholds, including teachers and nurses, as HMRC data shows surge in top rate taxpayers.
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.
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.
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RecommendedLloyds Banking Group raises income target for 2026 as elevated interest rates from Iran conflict boost profits. Pre-tax profit jumps 33% to £2bn.
Reports of temporary rent controls caused panic among landlords, but No. 10 quickly denied the policy. The confusion highlights internal divisions.
Housebuilders' trading updates reveal rising costs, weighing on FTSE ahead of Bank of England's interest rate decision amid inflation concerns.
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.
Over 1,000 support staff at more than 30 schools in Merton and Greenwich will strike on Friday over unequal London weighting pay.
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RecommendedThe 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 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.
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 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.
House of Lords committee says Rachel Reeves should aim for a significantly larger fiscal buffer, warning UK debt is on an unsustainable path.
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RecommendedSteven Fine argues the government's Savvy the Squirrel campaign contradicts record stamp duty on share trading, urging a tax cut to boost investing.
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.
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 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 are expected to keep borrowing costs unchanged amid concerns over inflation from the Iran war, with warnings of prolonged conflict risks.
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RecommendedThe King's Speech will legislate City reforms including scrapping the payments watchdog and overhauling the ombudsman, as PM aims to boost growth.
Explore the financial and human costs of Labor's proposed NDIS cuts. How will the savings impact participants and the broader disability sector?
From April 2027, unused pension pots will face inheritance tax. Learn how to spend, gift, or invest to reduce the bill for your heirs.
The Justice Department closes its criminal investigation into Federal Reserve chair Jerome Powell over building renovations, citing an inspector general review.
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.
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RecommendedFootage 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.