Business

The frozen income tax thresholds have led to more than a million extra demands for tax, new figures have revealed. The Tories started the freeze in 2021 – and since then it has been extended with current Chancellor Rachel Reeves announcing it will continue until 2031 in her November budget. …

Check out what’s clicking on FoxBusiness.com. The Food and Drug Administration announced that a recall of cheese products has been upgraded to the most serious risk category after testing positive for a potentially deadly bacteria, Listeria monocytogenes. The Ambriola Company first issued a voluntary recall in November for certain cheese …

Several British households could be eligible for up to £50 towards their heating bills this winter after a bitterly cold spell. The Cold Weather Payment, issued by the Department for Work and Pensions (DWP), aims to help vulnerable households that receive certain benefits cover their heating costs during freezing conditions. …

Yardeni Research president Ed Yardeni discusses economic drivers heading into 2026 on Making Money. Consumer sentiment ticked higher in early January despite lingering concerns about inflation and a weak labor market, according to the latest release from the University of Michigan’s Surveys of Consumers. Michigan’s Consumer Sentiment Index rose to …

The Department for Work and Pensions is under pressure to abolish the state pension for retirees exceeding particular income thresholds. Campaign groups are demanding entitlement reductions for those earning above £20,000 and a full termination of state pension payments for those with retirement incomes surpassing £50,000. The petition suggests the …

Novo Nordisk executive vice president of U.S. operations Dave Moore discusses the drugmaker’s newly launched once-daily oral weight-loss pill on ‘The Claman Countdown.’ Wegovy’s oral version of its injectable weight-loss drug is seeing tremendous interest, Novo Nordisk executive Dave Moore told FOX Business on Friday. Wegovy’s once-daily pill, an oral …

Martin Lewis quizzes Rachel Reeves on pensions Millions of workers earning £50,000 or more are being warned they could miss out on hundreds or even thousands of pounds in pension tax relief unless they take action. As frozen tax thresholds continue to pull more people into the higher-rate and additional-rate …

The ‘Barron’s Roundtable’ panel discuss big-box retailers beating competition on value, their innovation and revenue models. Costco is planning to open a new Los Angeles warehouse beneath an affordable-housing complex, marking a creative expansion strategy for the retail giant. The project, located in the Baldwin Village area of South Los …

Brits could potentially increase their monthly payments from the Department for Work and Pensions (DWP) by up to £146. If you’re currently receiving Attendance Allowance, it’s worth investigating if you’re eligible for the maximum amount. The latest figures from the DWP indicate that as of February 2025, over 1.7 million …

U.S. Department of Education Secretary Linda McMahon discusses President Donald Trump’s Department of Education cutbacks and the role of A.I. in schools on ‘Mornings with Maria.’ As the United States prepares to celebrate its 250th birthday this July 2026, Education Secretary Linda McMahon is putting renewed focus on something she …