Oil hits five-month high as global stocks wobble on AI fears; retail sales in Great Britain fall as shoppers cut back - business live

A fresh wave of selling hit AI stocks around the world overnight, as investor grow increasingly anxious around the sustainability of AI-fuelled returns. The Japanese and South Korean stock markets, which have been buoyed…

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Earnings limit of up to £140K for first-time buyers loan scheme

As first reported by The Times , the earnings limits are expected to be confirmed at the Budget next week. The Your First Home scheme will offer government-backed equity loans worth 20% of new-build properties in England…

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Doubts over £458m gambling tax plan emerge days before Budget

The Betting and Gaming Council (BGC) told City AM that the comments, which appeared in a draft report by the Social Market Foundation (SMF), raised concerns about whether the impact on jobs and high streets had been…

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How John Healey clamped down on Treasury speculation

Since entering Downing Street in July, John Healey has faced criticism from some business chiefs over an economic vision that seems similar to Rachel Reeves. But one aspect of running the Treasury has split Healey from…

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Top Premier League clubs to be billed £1.8m each for Independent Football Regulator

The IFR’s costs will be recouped via a tax on clubs from next year, with those teams earning the most set to contribute the biggest portion of the £20.3m annual levy. That will mean Premier League teams who are also…

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Poll: How do you feel about the 2026 Autumn Budget?

While the upcoming Budget will be Labour’s third since they won the 2024 general election, it will be the first fiscal test of prime minister Andy Burnham’s new government which has promised to help those struggling with…

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Tesla-SpaceX merger could fuel AI spending spree across Musk’s $3.5 trillion empire

Analysts said combining the two businesses could help Musk fund his increasingly expensive AI ambitions, bringing together Tesla’s cash reserves and SpaceX’s growing computing business under one roof. Steven Wahrhaftig…

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40 years on: How Margaret Thatcher's Big Bang changed London

The Big Bang reforms were part of a programme of financial liberalisation pushed through by the Conservative government under Margaret Thatcher. They led to the transformation of the City over subsequent years and…

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Retail sales in Great Britain fall as struggling households cut back

The Office for National Statistics (ONS) said the volume of goods sold fell 0.4% month on month in September, much steeper than economists' consensus expectations of a 0.1% fall. The decrease, which was fuelled in part…

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Boom in weight-loss drugs could lead to fall in beer sales, Heineken warns UK pubs

The world's second-largest brewer sent a presentation to British hospitality customers earlier this month that said the use of GLP-1 medication – such as Ozempic and Wegovy – could reduce the desire to drink alcohol .…

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