Business

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Policy experts have issued a warning as a major change to the state pension is coming in soon. Fresh concerns have been raised about older workers as the eligibility rules for the state pension are changing this year.From April 2026, the state pension age will increase from the current 66 for both men and women. The access age will move up in stages to reach 67 by April 2028.Laws are also on the books for the state pension age to move up again, rising from 67 to 68 between April 2044 and April 2046. Experts spoke to the Work and Pensions Committee about moving up the state pension age and what this will mean for people having to wait longer to collect their payments.David Finch, assistant director at The Health Foundation, said it's important to make sure support is available through th...

Dr Luke Evans MP asked a question in Parliament about tax on the state pension (Image: UK Parliament)State pensioners may unknowingly be dragged into paying a new tax. An MP has warned that vulnerable claimants may have "no idea" they will soon need to fill in a HMRC form to settle a tax bill.The update comes after Dr Luke Evans, MP for Bosworth, recently asked Chancellor Rachel Reeves about the issue of more state pensioners moving into paying income tax. After the Chancellor had presented her Spring Statement, Dr Evans asked the Chancellor: "I want to raise the issue of the freezing of thresholds and the effect on the state pension."When the Chancellor did it in her Budget, she told Martin Lewis that some people would be pulled into paying tax and won't have to pay small amounts of ta...

Shoma Group CEO Masoud Shojaee and BH Group CEO Isaac Toledano speak exclusively to Fox News Digital about the wealth migration trends and sales they’ve seen from New York and California in 2026 so far. Meta CEO Mark Zuckerberg and Google co-founder Sergey Brin have closed on sprawling Miami-area estates, underscoring the continued shift of tech wealth from the West Coast to South Florida. "While the neighborhoods they bought in differ, their priorities are identical: safety, security and proximity," Douglas Elliman’s Chris Wands told Fox News Digital. "These high-profile buyers are choosing waterfront properties in gated, controlled environments with easy access to private airports and Miami’s business and restaurant corridors."Within roughly a 20-mile radius, four of the world’s ...

Check out what's clicking on FoxBusiness.com. The Food and Drug Administration on Monday announced a recall for clams and raw oysters over concerns that they may be contaminated with norovirus, a contagious infection commonly known as the stomach flu. The recall affects Manila clams harvested by Lummi Indian Business Council that were distributed to restaurants and food retailers in nine states, including Arizona, California, Florida, Georgia, Illinois, Nevada, New York, Oregon and Washington. The FDA said the clams may have been distributed to other states as well.The oysters were harvested by Drayton Harbor Oyster Company and distributed in Washington state. Both food items were harvested between Feb. 13 and March 3 in Drayton Harbor, Washington. FRITO-LAY RECALLS MISS VICKIE'S C...

A ‘Barron’s Roundtable’ panel analyzes the Iran conflict, its impact on crude prices and shipping through the Strait of Hormuz. As gas prices surge while the U.S. wages war against Iran, President Donald Trump suggested in a Sunday Truth Social post that the short-term rise is a "small price" for peace. "Short term oil prices, which will drop rapidly when the destruction of the Iran nuclear threat is over, is a very small price to pay for U.S.A., and World, Safety and Peace. ONLY FOOLS WOULD THINK DIFFERENTLY!" the president declared in the post.Americans have been facing rising gas prices at home as the U.S. attacks the Islamic nation.. CRUDE OIL PRICES EXCEED $100 A BARREL AS WAR IN IRAN DISRUPTS PRODUCTION, SHIPPING President Donald Trump monitors military operations during...

ISA savers have been urged to use up their allowances (Image: Getty)Savers have been urged to take action now ahead of a crucial cut-off point. A savings expert has also warned that people often misunderstand the rules around savings and could needlessly be paying tax as a result.The end of the tax year on April 5 marks the final date when you can use your ISA allowance for the current year. This allows you to deposit up to £20,000 a year into these tax-free accounts.You can use the allowance as you decide divided between stocks and shares ISAs and cash ISAs, although these rules are changing soon. From April 2027, you will only be able to use up to £12,000 of the allowance as you choose, while the remaining £8,000 will have to be used for investment-based accounts.Savers aged 65 and ov...

Barrons Roundtable panelists analyze the state of the U.S. economy following Operation Epic Fury. The federal budget deficit topped $1 trillion in the first five months of fiscal year 2026, as the U.S. government is on pace to record another massive deficit. The nonpartisan Congressional Budget Office (CBO) reported that the federal budget deficit was just over $1 trillion through five months of fiscal year 2026, with the size of the deficit down $142 billion or 14% when compared with the same period in fiscal year 2025.CBO noted that federal spending was just over $3.1 trillion in the first five months of fiscal year 2026, up $64 billion, or 2%, from the same period a year ago. Federal tax revenue collected jumped $206 billion, or 11%, when compared with last year and totaled near...

Former JP Morgan Chase chief economist Anthony Chan breaks down the run up in oil prices on 'Varney & Co.' Federal Reserve policymakers are monitoring the conflict with Iran for its potential impact on inflation and consumer prices, as energy prices have jumped since the outbreak of hostilities. Oil prices briefly surged over $100 a barrel amid fears of supply disruptions caused by the conflict with Iran, which threatens to stem the flow of oil from the Persian Gulf through the Strait of Hormuz. Gasoline prices at the pump have also risen for consumers since the outset of the conflict, which could push inflation data higher and complicate potential interest rate cuts by Federal Reserve policymakers. New York Fed President John Williams said last week that while there is uncerta...

For those wondering about the state of play for oil prices, gasoline, and stocks, here’s what President Trump said this afternoon: "I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no Air Force." And that America is "very far" ahead of his initial four-week to five-week estimated time frame. Soon after the President’s statement, oil fell to $85 a barrel after topping $100 a barrel earlier in the day and stocks ended up rising more than 200 points.And I have faith in him and his initial judgements, which have been superb. And I also have faith in the American people to stand behind Mr. Trump’s epic fury in order to change the course of history, and completely shift the international landscape and change the world’s balance of power in fa...