One million more UK homeowners set to face higher mortgages
A million more homeowners face higher mortgage bills than the Bank of England had previously expected due to the impact of the Iran war.
Policy & regulation
Financial Policy Committee Record – July 2026
1: The Financial Policy Committee (FPC) seeks to ensure the UK financial system is prepared for, and resilient to, the wide range of risks it could face, so that it is able to absorb rather than amplify shocks, and serv…
Eldens Finance Limited enters administration
On Monday 6 July 2026, Eldens Finance Limited (Eldens) was placed into administration. Antony Batty and Hugh Jesseman of Antony Batty & Company Ltd were appointed as Joint Administrators.
Banks told to improve access to basic accounts
People struggling should find it easier to access basic bank accounts, after nine banks committed to improving widespread poor practice identified by the FCA.
Fuel on the fire: why oil companies are profiting as the world gets dangerously hot
The scientific consensus is that burning fossil fuels drives the climate crisis, yet the world’s biggest oil companies are planning to increase production
What will define Elon Musk’s legacy? Doge cuts to USAID Ebola programs
Experts say cuts have hindered the response to DRC’s Ebola outbreak and resulted in ‘significant numbers’ of deaths
Russian cities feel the pinch amid worsening fuel shortages
Ukraine’s drone and missile campaign on oil infrastructure has brought impact of war to citizens of Moscow and elsewhere
UK house prices rise for first time since start of Iran war
Typical property cost £299,330 in June, 0.2% more than the month before, says Lloyds
Student loan promotion in England and Wales amounted to mis-selling, MPs say
Treasury select committee also says ministers have moral obligation to reverse last year’s repayment threshold freeze
UK house prices rise in June despite ‘wider economic uncertainty’ – business live
Good morning and welcome to our rolling coverage of business, the financial markets and the world economy.
Sun stoppers: seven ways to keep your home cool this summer
You can keep temperatures down without the cost – or environmental price – of air conditioning. Here’s some tips and tricks
Scotland could freeze datacentre projects in challenge to UK’s AI strategy
The Scottish government is about to consider a sweeping moratorium on building new datacentres, putting a key plank of the UK’s AI strategy at risk.
SEC Names Paul Knight as Chief Operating Officer
Washington, D.C.--(Newsfile Corp. - July 6, 2026) - The Securities and Exchange Commission today announced that Paul Knight has been named as the agency’s Chief Operating Officer (COO).
EasyJet shares jump almost 10% after it agrees £5.5bn takeover bid
Shares in easyJet surged nearly 10% after the airline agreed to a £5.5bn takeover at the fifth attempt, but analysts said that it showed UK firms were being bought on the cheap.
Microsoft cuts 4,800 jobs as it revamps Xbox in latest wave of mass layoffs
Thousands of gaming jobs will be shed over the coming fiscal year as Microsoft continues to invest heavily in AI
Who is George Cottrell, the mystery donor who has potentially landed Nigel Farage in hot water?
Nigel Farage, leader of Reform UK, has said he is the victim of an “establishment hit job”.
Streaming storm made ITV sharing a roof with Sky sadly inevitable
A generation ago, ITV was regarded as such a precious jewel in the UK broadcasting firmament that there was outrage when BSkyB, as it was, bought a 17.9% stake to stop anybody else getting their hands on the business. A…
The Guardian view on apprenticeships: young people need help getting started at work | Editorial
Existing staff are taking too much of a fund intended for new recruits. Ministers must take charge of redirecting it
Ocado co-founder to step down as chief executive in 2028
Online grocer says Tim Steiner will remain as CEO until December 2027 before taking on ‘founder role’ for a further year
FCA publishes landmark review into impact of AI on retail financial services
The review sets out how AI could reshape retail financial services for consumers, firms, markets and regulators by 2030 and beyond.
Bank of England appoints Rhys Phillips as the new Chief Cashier
The Governor of the Bank of England, Andrew Bailey, has announced that Rhys Phillips will be the next Chief Cashier and Director of Notes. He will take up the role on 19 October 2026.
Boost City regulator’s powers to help protect UK consumers from AI, says watchdog
Ministers have been urged to toughen the City regulator’s powers to protect consumers against the potential risks of AI, according to a landmark review.
Wegovy weight-loss pill goes on sale at UK high street and online pharmacies
A once-a-day Wegovy weight-loss pill has gone on sale at high street and online pharmacies in the UK, but is not yet available on the NHS.
Revealed: landmark Scottish AI project has no prospect of meeting renewables promise
‘It’s smoke and mirrors’: hope turns to fear in Scottish village chosen for AI datacentre