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Lamborghini swerves away from all-electric future
Theo LeggettInternational Business Correspondent Getty The boss of Lamborghini said enthusiasm for electric cars was declining The boss of Lamborghini has said its customers still want “the sound and the emotion” of internal combustion engines, and the company will use them in its cars for at least the next decade. Speaking to the BBC at…
What are National Insurance and income tax and what could change in the Budget?
Getty Images There has been speculation that November’s Budget could see Chancellor Rachel Reeves break Labour’s pre-election pledge not to increase income tax, National Insurance (NI) or VAT for working people. It’s been suggested that she could extend a freeze to the income thresholds at which people start paying the taxes, or have to pay…
Why has the price of silver hit a record high?
The price of silver has hit a record high ahead of an expected US Federal Reserve interest rate cut and as demand from the technology industry for the precious metal remains high. Silver crossed $60 (£45.10) an ounce on the spot market, where the precious metal is bought and sold for immediate delivery, for the…
How Iran war laid bare the worlds reliance on Gulf oil and gas
Since the conflict began, the price of oil has soared and is currently trading at over a third higher at $100 a barrel, pushed up by air strikes on shipping and energy infrastructure, and the effective closure of the Strait of Hormuz, a vital waterway for energy shipments, which carries a fifth of global oil…
Faisal Islam: Mandelson, Darling and the conversation I cant forget
While the office got built, the bonus tax remained and JP Morgan did not, in the end, stop buying gilts, this episode is an incredible live example of the relative power of government and financial markets, of the actual dynamics of the “bond vigilantes”.
