Income

• JPMorgan Chase reported first-quarter net income of $13.2 billion, up 15% compared to Q1 2025, driven by higher net interest income and a 12% increase in investment banking revenues. • CEO Jamie Dimon stated that the bank is "well-positioned" despite macro uncertainties, with the firm raising its dividend by 5% to $1.16 per share and repurchasing $11 billion in stock during the quarter. • The bank's strong results contrasted with broader financial sector concerns about rising loan losses and credit quality, though JPMorgan's net charge-offs remained stable at 0.31% of loans.

Analysis by IFS shows George Osborne’s mortgage schemes launched in 2013 had little effect on social mobilityHigher-income households were the biggest beneficiaries of George Osborne’s Help to Buy mortgage schemes, introduced in the 2010s, according to an analysis by the Institute for Fiscal Studies (IFS) thinktank.Launched by the Conservative-Lib Dem coalition government in 2013, Help to Buy involved two separate schemes aimed at making home ownership more achievable in a period of rapid house price growth. Continue reading...

Party says plan for ‘radical change’ will be funded in part through higher taxes on aviation, gambling and landlordsUK politics live – latest updatesThe Scottish Greens have called for free bus travel, thousands of extra teachers and doctors and a universal basic income among hundreds of uncosted manifesto pledges.The party is enjoying a bounce in Scottish opinion polls, with some putting it ahead of Labour, driven partly by the surging support for the Green party of England and Wales under the leadership of Zack Polanski. Continue reading...