More than 138,000 residential and commercial properties in England and Wales are owned by offshore companies, with holdings in London worth a combined £55bn, according to a research.

Chancellor Jeremy Hunt has appointed British Indian investment expert Sushil Wadhwani as one of the four financial specialists appointed to a new Economic Advisory Council. The council will give independent advice to the government.

Rishi Sunak is reinstating the ban on fracking that Liz Truss controversially lifted. Answering questions, the new prime minister said he stands "by the manifesto" on fracking. The Conservative 2019 manifesto placed a moratorium on fracking...

The Bank of England looks set to raise borrowing costs by the most since 1989 next week even as it prepares for a recession that could be deepened by spending cuts under new Prime Minister Rishi Sunak. Analysts believe that BoE at its eighth...

The pound hit a six-week high as Rishi Sunak became prime minister, another sign of the markets welcoming the country's new leader. Sterling was up 1.8% against the dollar at $1.147, having risen by 1.92% to $1.150 earlier in the day - the highest...

Banks have withdrawn 60 per cent of mortgages for small-deposit borrowers since the start of the year making it more difficult for first-time buyers to enter the property market, according to new findings. The number of loan-to-value mortgages...

Royal Mail is set to cut as many as 6,000 jobs over the next year and there could be more redundancies ahead as the industrial dispute gripping the company shows no sign of easing.

Free travel for Londoners aged 60 and above that was axed during the pandemic may never be restored, Sadiq Khan’s top transport aide has admitted.