A favourite trade of hedge funds in recent years has been the yen carry trade. Now, in the wake of the disaster in Japan, they are all piling out, sending the yen soaring. But what is a carry trade? Tim Bennett explains.
See also MoneyWeek's financial glossary.
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More pensioners dragged into 60% tax trap – could you be caught?Frozen thresholds are pushing more older workers into paying income tax at levels much higher than the headline rate, new figures show. We look at why and how you can avoid being caught in the 60% tax trap.
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Higher earners face £377 bill if Reeves puts up income tax – do you fit the Treasury’s definition of ‘working people’?Labour’s election manifesto pledged not to raise National Insurance, VAT or income tax but prime minister Keir Starmer appeared reluctant to repeat the promise this week
