Business News Live: Rachel Reeves to address mortgages and pensions in the speech of the house of mansions

After a strong week last week and another increase yesterday, the FTSE 100 is at a moving distance of 9000 points for the first time.

For some context, it reached 7000 in 2021, it played 8000 in 2023, but it really did not get there and remained there until mid -2014, then it has increased 10 percent so far in 2025 new maximums of all time.

Even an increase of 0.1 percent today will see beyond the last milestone.

A key theme that Rachel Reeves mentioned tonight in her speech at the house of the mansion is a jolt of mortgages.

The Foreign Minister is ready to allow tenants to show a good payment history to show the lenders how much they can borrow, as well as launch a permanent mortgage guarantee scheme.

Many other changes related to the mortgage market have emerged in recent weeks, from relaxed stress test rules in Santander to the salary reduction requirements of the whole country for buyers for the first time.

Rachel Reeves is likely to reach many issues today, but in principle we will look for details of the mentions in:

• Taxes
• ISAS
• Pension reform
• And anything else that affects companies, particularly SMEs.

The chancellor is expected to double in not exceeding his fiscal rules and will focus on cutting the bureaucracy, seeking “regular for growth,” says the FT.

After the news of the government considering offering subsidies of electric cars for a sum of £ 650 million, Colin Walker, head of transport of the Energy and Climate Intelligence Unit (ECIU), said:

“A quarter of all new cars sold last month were EV with sales in the first half of 2025 35% higher than the first half of 2024. This significant increase in sales is being helped by the ZEV mandate of the government, which is sending prices as manufacturers compete to achieve their objectives, all for the benefit of the British driver.

“The survival of the automotive industry of the United Kingdom is based on a rapid transition to build the EVs to which the world moves. CBI Economics discovered that our automotive industry, currently with a value of £ 46.8 billion for the economy of the United Kingdom and using more than 550,000 full -time equivalent jobs, could see that its economic production grows in £ 16 billion, or 35% Additional jobs, if it does not have the EV revolution.

“On the contrary, slow and economical production could collapse at 73%, or £ 34 billion, with more than 400,000 jobs that are lost. This fund, along with another support for the industry recently announced by the Government, increases the probability that the positive scenario is insured.”

Tomorrow and welcome to the business and money coverage on Tuesday in The Independent.

Today's great lines will come from Rachel Reeves's speech in Mansion House, where taxes, pensions and Isa can be in the shooting line.

But we will also see great news from the company, the latest movements of the stock market and more.