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The Bank of England has decided to leave interest rates on hold after policymakers held their first formal meeting in the wake of the Brexit vote. 

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Philip Hammond may have spent the last two years as Britain’s foreign secretary, but Theresa May’s new Chancellor of the Exchequer is certainly no stranger to the world of finance. 

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Post-Referendum events are moving with lighting speed. The battle ground has already shifted to the neuralgic question of what Brexit actually means, and here the old lines of political cleavage are breaking down.

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Under-40's will from April 2017 be able to save up to £4,000 per year and obtain a Government top up of £1 for every £4 contributed, in a flagship new form of savings scheme.

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Cuts to income tax were announced in the Budget today with above-inflation increases in the level of earnings before tax applies and the level at which the higher 40pc rate starts. 

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George Osborne has unveiled his Budget for 2016 with a new savings scheme for those aged under 40 and big rises in income tax thresholds.

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The start of the new tax year is set to bring in a range of tax changes, Telegraph Money explains what is going to happen and what you can do.

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The pound fell the most in more than a year after London Mayor Boris Johnson, one of the U.K.’s most popular politicians, said he’ll campaign for Britain to leave the European Union in a June referendum.

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High-earning savers in their twenties and thirties will lose up to £161,263 over the course of their lifetime as a result of a Government tax raid on pensions, Telegraph analysis reveals today.

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Against a backdrop of market turbulence, Nick Mustoe, Chief Investment Officer, Invesco Perpetual, outlines his views on the state of global equity markets, and where he believes the standout opportunities for income can be found. Google Chrome only

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