Average five-year mortgage rate hits 6% for first time in three years
The average interest rate on a new five-year fixed mortgage deal has hit 6% for the first time in three years, figures show.
Policy & regulation
Average five-year fixed mortgage rate hits 6% for first time in three years
Banks and building societies raise prices as turmoil in bond markets increases expectations of base rate rise
Reforming UK capital markets to ensure they work well for our economy
Speech by Jon Relleen, director of infrastructure and exchanges, at the Reform of the UK Public and Private Capital Markets Summit 2026.
UK reviewing whether to impose tariffs on Chinese car imports to align with EU
Move would strengthen Britain’s case to be included in new legislation to protect European manufacturing
From hotel suites to virtual reality, museums turn to licensing deals as costs rise
They are often free to visit but museums are bolstering their finances by putting their stamp on everything from upmarket hotel suites to trendy jumpsuits and virtual reality experiences.
‘I didn’t know what to do’: collapse of providers of high-end digs leaves students in shock
“It was dead in the middle of summer, it was a shock,” says Nathalie Sriwiboonrattan. The fourth-year game design student at Abertay University was at home with her family thousands of miles away in Thailand when she di…
Philip R. Lane: Diagnostic Challenges for ECB Monetary Policy
It is a pleasure to welcome you to the 2026 edition of the ECB Conference on Monetary Policy: bridging science and practice.
British government ‘complacent about food as a national security matter’
Britain does not have a plan for how to feed people in a crisis and is unprepared for potential future food shortages, according to a warning from more than 150 experts delivered to Andy Burnham.
Business Daily
We explore the story of the bond market and how these IOUs have shaped the modern economy
Strikes by North Sea oil workers could ‘severely disrupt’ UK fuel supplies
A looming strike by oil workers in the North Sea could “severely disrupt” UK fuel supplies, the Unite union has said, adding that staff were left with no choice after a breakdown in pay talks with the Texas oil company …
Tories to pledge to scrap Environment Agency and Natural England
Shadow chancellor will also promise to scrap affordable homes regulations as part of strategy to refocus on growth
Nigel Farage questioned by standards commissioner over £5m gift
Nigel Farage has been interviewed by the standards commissioner for an investigation into whether he should have declared a £5m gift from the crypto billionaire Christopher Harborne.
Burnham’s plans for social care and its workers are admirable but changes must come quickly | Heather Stewart
As one of many hundreds of thousands of people in the UK with a parent with Alzheimer’s, the passage in Andy Burnham’s speech about social care moved me to tears.
Costa’s coffee shops return to profit with iced drinks and matcha on the menu
Costa Ltd reports operating profit of £20m in year to 31 December 2025 after losses of £13.5m in 2024
Lack of inspections at fish slaughterhouses a ‘disgrace’, says Animal Equality UK
Charity calls for faster progress on humane slaughter laws for farmed fish in England and Wales
Thousands of Glasgow council workers face pay cuts in one of UK’s biggest fire-and-rehire plans
Unison union refuses to ballot members on offer that would make 11% of council employees worse off
‘We are in a kind of war’: row over viral Amsterdam chip shop lands in court
People living in one of Amsterdam’s most exclusive neighbourhoods have taken the city to court for licensing a chip shop that has gone viral on TikTok .
‘They call every week’: the phishing attacks targeting past victims
Scammers reuse personal details harvested from fake Esta websites – and texts and calls can keep arriving for months
Ministers explore how to stop regional leaders misusing planned new spending powers
Ministers are mulling over how to ensure that England’s regional leaders do not misuse their newfound spending muscle, as Whitehall prepares to devolve more revenue to local levels.
Australia’s Chalmers blames US-Iran war for higher inflation, borrowing costs
Australia's central bank raised its benchmark interest rate for the fourth time this year on Tuesday, pushing borrowing costs to the highest level in nearly 15 years as policymakers struggle to contain inflation that re…
Burnham must remember: more regulation is not the best way to improve public services | Phillip Inman
Andy Burnham said he wanted to “rewire” the economy. Then he seemed to slam on the brakes, kicking most reforms into the 2030s.
Nitrite-free bacon sales boom in UK amid fears over curing chemicals
Bacon has long been a favourite of carnivores, but there is growing consumer concern about the health risks posed by nitrites, chemicals used to cure meats.
They embraced the Fiat 500, the Vespa, even tuk-tuks. But will Romans draw the line at the golf cart?
Authorities crack down on trade they says risks spiralling out of control – but operators say they are being targeted unfairly
Smoke and fire reported near Aramco facility in Riyadh as Houthi tensions escalate
A fire was reported at the Saudi Aramco refinery in Jazan on Saturday following what social media reports and satellite fire-detection data described as a Houthi ballistic missile and drone attack.