Business

Britons have been urged to check tax codes on payslips, as overpayments average a staggering £700, according to some tax experts.A P60 is a document that shows you how much income tax you’ve paid over the past tax year (April 6 to April 5). Your employer will usually send it to you between April and May, and experts warn it’s crucial to check the document properly to ensure you’ve been paying the right amount. Swift Refunds' chief Robert Jones said: "Your P60 isn't just a year-end summary, it may also be a warning sign. One incorrect tax code and HMRC could be taking too much out of your wages every month."Tax codes, which determine how much is deducted from your pay, are crucial for ensuring you're taxed correctly. If you're on the wrong code, you might be paying too much or too little...

Check out what's clicking on FoxBusiness.com. For the second time in as many years, Tom Brady and Fanatics teamed up with the Make-A-Wish Foundation to make a child's dream come true at Fanatics Fest. Axton Robertson, a 12-year-old cancer patient, went on a $200 shopping spree at the second annual fest at Javits Center in New York before his wish to meet the seven-time Super Bowl champ was granted.Despite living in Tennessee, Robertson is a Tampa Bay Buccaneers fan because of Brady. (He thinks they're still in good hands with Baker Mayfield.) He was practically speechless ahead of meeting Brady, admitting he was "a little bit nervous."  CLICK HERE FOR MORE SPORTS COVERAGE ON FOXBUSINESS.COM Axton Robertson and Tom Brady play catch during Fanatics Fest NYC 2025 at Javits Center...

The Co-operative Bank offers a regular savings account with a bumper interest rate of 7%. This rate remains competitive despite recent reductions in savings rates following the Bank of England’s decision to hold the base rate at 4.25% in June. Regular savings accounts continue to be among the few products providing returns above the current base rate.These accounts are designed for people who want to save a fixed amount each month over a set term, typically 12 months, and earn a higher interest rate than standard savings accounts in return. With the Co-operative Bank’s Regular Saver account (Issue 1), savers can deposit up to £250 per month, allowing a maximum total deposit of £3,000 over a 12-month period.Interest is paid at the end of the term, with a full £3,000 deposit expected to e...

President Trump explained how Tesla CEO Elon Musk was in the loop about plans to abolish the EV mandate. Billionaire Elon Musk on Wednesday lashed out at a key aide to President Donald Trump who was rumored to have played a role in contributing to the feud that broke out between the CEO and the president. Musk responded to a report by the New York Post that said Sergio Gor, who serves as the director of presidential personnel at the White House, has not yet submitted the paperwork required for him to obtain a permanent security clearance."He's a snake," Musk wrote in a post on X responding to the story. The public feud between Musk and Trump began after Gor allegedly persuaded the president to rescind the nomination of Jared Isaacman to lead NASA prior to his confirmation by the Se...

Next year the eligibility criteria for PIP will be changing, limiting the number of people who qualify for this disability benefit. However, these changes will only impact 10 out of the 12 questions on the PIP assessment.The final two activities in the assessment pertain to the mobility component of PIP, which is expected to remain unchanged amidst the welfare reforms. At the lower end, the mobility element offers £29.20 per week, but can provide up to £77.05 at the enhanced rate. As highlighted by Turn2Us, the first of these activities that won't be affected is planning and following journeys.This question assesses how safely, quickly and efficiently you can plan and execute a journey.No points are awarded if you can plan your route and navigate there without any assistance. Four point...

FOX Business correspondent Madison Alworth reports on Meta’s new AI-integrated smart glasses that can translate multiple languages in real time. Tech giant Meta on Friday announced it is partnering with Oakley to launch new performance glasses powered by artificial intelligence (AI). Meta and Oakley are developing a new category of sports performance AI glasses called Oakley Meta glasses, which combines Oakley's design with Meta's technology to give people wearing the glasses more insight into their physical capabilities. The move follows their collaboration on the Ray-Ban Meta glasses, as Oakley and Ray-Ban are brands within EssilorLuxottica.The two companies are launching the Oakley Meta HSTN glasses as the first product in the new category. The Oakley Meta glasses allow the wear...

Channel 4 property expert Phil Spencer has issued a warning to anyone currently doing house or flat vieweings. Urging people to be on the look out, he says not to "fall for the decor" and instead go through his checklist to ensure it stands up to scrutiny.Best known for Location, Location, Location with Kirstie Allsopp, Phil is also founder of Move iQ, a property advice website. The expert notes you always need to assess whether or not previous homeowners are covering things up.He suggested: "Start with damp and mould. So check your ceilings corners and skirting boards. Does it look like anything might have been painted to cover any water damage? Just have a bit of an eye out for that."Phil's warning to people buying a flat or houseIn another warning, he urged people to look out for "st...

Gatestone Institute senior fellow Gordon Chang breaks down the impact of the Israel-Iran conflict on China, their threat to global supply chains and a bipartisan bill aiming to combat foreign ownership of American farmland. Gatestone Institute senior fellow Gordon Chang is doubling down on his warning over the alliance between China and Iran, after new reports of Chinese cargo flights nearing Iranian airspace. "We know this isn't good, because those planes are turning off their transponders as they approach Iranian airspace. China is sending something it doesn't want the world to know," Chang said on "Mornings with Maria" Thursday."It could be ammunition, could be drones, pretty unlikely about that," he detailed, "but it also could be nuclear weapons. We just don't know." Chang rea...

In a significant expansion of the Warm Home Discount scheme, an additional 2.7 million households are set to receive a £150 payment to assist with energy costs, bringing the total number of beneficiaries to more than six million after a consultation, as confirmed by the Department for Energy Security and Net Zero (DESNZ) earlier this week. The eligibility criteria have been broadened, with all those on means-tested benefits qualifying in 2025.Prime Minister Keir Starmer said: "I know families are still struggling with the cost of living, and I know the fear that comes with not being able to afford your next bill."Providing security and peace of mind for working people is deeply personal to me as Prime Minister and foundational for the Plan for Change."Starmer also expressed confidence t...

Check out what's clicking on FoxBusiness.com. Darden Restaurants is mulling the future of its Bahama Breeze chain. CEO Rick Cardenas told analysts and investors on Friday that the company "will be considering strategic alternatives" for Bahamas Breeze, such as selling the chain or "converting restaurants to other Darden brands." Darden operated 28 Bahama Breeze restaurants as of late May. Its restaurant count for the chain shrank to that level after Darden’s closed 15 locations during that month, Cardenas said during the earnings call. A vehicle sits parked outside of a Darden Restaurants Inc. Bahama Breeze Island Grille location in Schaumburg, Illinois on Thursday, Jun. 22, 2017.  (Daniel Acker/Bloomberg via Getty Images)The company recently conducted strategic planning for i...