‘Bit of pain’ worth long-term security from Iran, Bessent tells BBC
US Treasury Secretary said a “small bit of economic pain” was worth it to eliminate the threat of Iranian strikes on Western capitals. Read More
Help to Buy mostly helped high earners, IFS says
People with lower incomes benefitted less from the house-buying scheme than those with high incomes, the influential think tank says. Read More
Thames Water ‘sleepwalking’ into bad deal for customers, investor says
The troubled utility firm should be put into administration says a frustrated rival bidder. Read More
Households could get free electricity for doing washing on sunny weekends
Providers can encourage people to use energy when “weather conditions result in excess supply”. Read More
Fuel prices stop rising after 43 days of increases, RAC says
The motoring group says prices could start to come down over the next couple of weeks. Read More
UK faces biggest hit to growth from Iran war of major economies, IMF says
The financial body cuts its growth forecast for the UK and warns the war threatens to throw the global economy “off course”. Read More
Amazon to spend $11bn on satellite firm in growing Starlink rivalry
Amazon wants to get thousands more satellites into orbit to offer internet and mobile services. Read More
Oil prices continue to fall on hopes of new US-Iran peace talks
Crude prices fell back below $100 a barrel as markets hope an agreement can be reached between the two sides. Read More
Founder of China’s Evergrande pleads guilty to fraud
Evergrande was once China’s biggest real estate firm, with a stock market valuation of more than $50bn. Read More
Morrisons plans to cut 200 jobs at head office
The supermarket says the redundancies form part of a restructure at its Bradford headquarters. Read More