Jobs surge adds to rate pressure; oil prices drop to pre-war level; Musk no trillionaire

Friday 26 June 2026

A surge in employment adds to the case for another interest rate hike. 

• Brent crude prices fall back to pre-war levels
• The government tax legislation passes parliament, becoming law
• Judo Bank’s share price crashes nearly 40pc as the economy hits its business
• Elon Musk loses his trillionaire status

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