Business news live: Rachel Reeves in savings tax crackdown and mortgage lender launches new 3.8% offer

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Rachel Reeves gives green light for tax consimplings on savings accounts

The chancellor wants it to be easier for HMRC to load people the tax because of them savingswith An estimated 300,000 more people Then five years ago passing the threshold for when this payment is kicked.

Karl MatchettAugust 8 2025 16:15

Company and money – Friday August 8th

Good morning all and welcome for the last weekday – we are back as usual with all your personal finance, updates, businesses and business and business and business and business and business.

The early highlights focus on Rachel Reeves and another tax attack, whether the FTSE 100 can Bounce and more.

Karl MatchettAugust 8,25 07:56

Stock markets fell yesterday and overnight – except japan

Yesterdays the FTSe 100 ups. So did the S & P 500. And the Dax. And the CAC 40. During the Hang Seng. So the cospi, the Tadawul and the Shanghai – nor the Nikkei 25 included a violent 1.9 per cent to new record levels.

Japan was the outlier because their trade minister announced tariff mine rates of only 15 per cent, lower than expected and an impulse for the nation, send stock.

That news was also assisted by Sony and soft bank reported strong profits and potential city of inflation in country.

Karl MatchettAugust 8, 2025 08:07

FTSE 100 emerges after opening

The FTSE 100 has moved on 0.2 percent after opening the morning, making it around 0.6 percent to date at 0.6 per hour.

Copper and Coal Miner Glencore (2.2%), JD Sports (1.8%) and Phirma Firma GSK (1.5%) are the highest risers so far.

Germany is marginal, Marginal, Marginal up in European brands.

Karl MatchettAugust 8 2025 08:28

Reeves launches taxrackdown on savings accounts

Chansel Rachel Reeves is the antie to ruin the ante when it comes to safers that goes paying tax.

Each person has a personal fee of £ 1,000 for interest without payable, but that drops to £ 500 for tax payments and £ 0 for extra rate.

With wages rising and thrusts rising frozen in the second categories in the second categories in the second category, which is, which given interesting years, you have to interest now, they have not before.

Now HMRC will be setup to take data directly from the banks, so they can know who has exceeded thresholds, with new rules that have been taken national insurance numbers.

It is not yet to come in force, as banks who are upgraded systems and there are millions of costs that are associated on both sides, but it is a future issuance that can take 2027.

Karl MatchettAugust 8,25 09:07

Why shoppers shake the high street as UK footfal continues to decay

A summer holiday to Retail Hoop-Failed to Materialize for the second consecutive year or high street photos to decide.

Shopping center was down by 0.3 per cent, but viewing Retail Parks were with, 7 per cent, reflect continuous new opening by large brands by large brands.

The figures also revealed that one in seven Shops lie empty.

Karl MatchettAugust 8, 2025 09:35

Investors weigh mixed news because Trump rates set on gold bars

Another day, another rates puts a rate on import on imports of a very specific product you and I may not be just in the market for each week: one-kilo gold bars.

That's a hit to Switzerland, where the most gold is postponed in specific size.

Meanwhile, investors have interest rates, banic data and last reports of the last companies.

“The FTSE 100 was just about holding her head above water to stay above the 9,100 mark,” said AJ Bell-head of financial analysis Danni Hewson.

“Overall it has been a mixed week for the index with the SPlite Visit and Hapkish Tone in the bank of Entrid Featuring and the relative value of the dominant overseas submitted.

“US Gold Futures hit a fresh record high on reporting that the Trump administration has imposed by factors in 2025 – this last development will have golden bugs that have the $ 4,000 level.

“The news is more bad news for Switzerland after being hit by a shock 39% Export notice to the US, KJIM, is one of the largest noble metal hubs worldwide.

“The movement higher in gold helped stocks in gold and silver miner fresnillo in London, the expansions of his forward year year to date more than 160%.

“Pharmaceutical GSK was also on the gains, because it secured, because it secured a positive outline and gives a imagination, although still welcome, money order and the sale of sale.”

Karl MatchettAugust 8,25 10:00

A new tax system comes – here is what the self-employed and freelancers should know

If you are a sole trader friend or other variety of work – for-yourself person, here is a question for you: Do you know what is taxed?

No more leaving your self-assessment to the last minute – making taxibility means changes to your record.

Here's all you need to know:

Karl MatchettAugust 8,25 10:29

Crypto and Commodities: Gold rises and bitcoin above $ 116k

Bitcoin is gently fallen over the past week or two after smashed up well above $ 120,000 marks. After it has back to about $ 112k last week, it has risen the past 1.2 percent and return to $ 116,500.

That is partly on the news that US President Trump signed to keep people to keep Crypto in their 401 (k) -Acounts – effective the states of a penses and investment account.

Gold is up to that previous news that imported bars are subject to rates, up 1 percent to $ 3,488 – while many analyst still $ 4,000 $.

Brent Rude oil is up 0.2 per cent, but at $ 66,58 is lower than the price is generally been for the past two months.

Karl MatchettAugust 8 2025 11:00

GSK to pay up to £ 370m to Patent Row

Drugsmakker GSK has a payment secured from up to $ 500 million (£ 372 million) to a patentic row on Kovid Vaccain set in the USA.

GSK told investors it will receive a $ 370 million (£ 275 million) of Curovac, that it had worked with the development of Mrna Vaccine technology.

London's business will then be entitled to receive an additional $ 130 million (£ 97 million), depending on as a scheduled ache of cherech shutdown, which will arrange a lawsuit.

Karl MatchettAugust 8 2025 11:52



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