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Business

Cost of Queen Elizabeth II’s funeral and lying in state revealed

The funeral of Queen Elizabeth II and the period of mourning cost the UK government an estimated total of £162m, according to the Treasury....

by admin May 18, 2023
Cost of Queen Elizabeth II's funeral and lying in state revealed
Business

Why addressing sewage spills was not a priority for the water industry or for Ofwat

Many people will wonder what has taken the water industry so long to address the issue of sewage spills in waterways. One of the...

by admin May 18, 2023
Why addressing sewage spills was not a priority for the water industry or for Ofwat
Business

Princess of Wales’s parents’ party supplies firm sold after brush with insolvency

The online party goods supplier founded by the Princess of Wales’s parents has been sold after it failed to avoid collapsing into administration. Sky...

by admin May 18, 2023
Princess of Wales's parents' party supplies firm sold after brush with insolvency
Business

BT to slash workforce by up to 55,000 before 2030, with AI replacing 10,000 jobs

BT has revealed plans to significantly reduce the number of people working for the telecoms group as part of efforts to cut costs and...

by admin May 18, 2023
BT to slash workforce by up to 55,000 before 2030, with AI replacing 10,000 jobs
Business

Tory peer Lord Tyrie in contention to put spark back into Ofgem

Lord Tyrie, the former chair of the competition watchdog and architect of many of Britain’s post-financial crisis banking reforms, is among the candidates vying...

by admin May 13, 2023
Tory peer Lord Tyrie in contention to put spark back into Ofgem
Business

Train strike action ‘solid’ and will continue until government ‘unblocks’ pay dispute, says RMT union boss Mick Lynch

Striking rail workers have vowed to continue walking out until the government “unblocks” their pay dispute on the second day in a row of...

by admin May 13, 2023
Train strike action 'solid' and will continue until government 'unblocks' pay dispute, says RMT union boss Mick Lynch
Business

Statutory sick pay: Campaigners call for reforms to prevent workers from being pushed into poverty

For all its seaside delights, Margate in Kent is one of the most deprived parts of the UK. Amid the cost of living crisis,...

by admin May 13, 2023
Statutory sick pay: Campaigners call for reforms to prevent workers from being pushed into poverty
Business

Sir James Dyson claims Rishi Sunak’s science superpower pledge is hot air

Billionaire businessman Sir James Dyson has issued fresh criticism of the prime minister, claiming his pledge to turn the UK into a science and...

by admin May 13, 2023
Sir James Dyson claims Rishi Sunak's science superpower pledge is hot air
Business

Virgin Orbit delays bid deadline in scramble to find rescuer

Virgin Orbit has pushed back the deadline for rescue bids as the commercial satellite venture founded by Sir Richard Branson scrambles to avert bankruptcy....

by admin May 12, 2023
Virgin Orbit delays bid deadline in scramble to find rescuer
Business

British businessman Lynch extradited to US weeks after losing appeal

Mike Lynch, the British software tycoon, has been extradited to the US weeks after losing a long-running legal battle against the move. Sky News...

by admin May 12, 2023
British businessman Lynch extradited to US weeks after losing appeal
Business

UK economy shrank 0.3% in March, ONS figures show

The UK economy grew slightly in the first three months of the year, according to official figures – but contracted in March. Growth of...

by admin May 12, 2023
UK economy shrank 0.3% in March, ONS figures show
Business

Inflation to fall ‘rapidly’ – but worse interest rate pain yet to come, BoE governor warns

The governor of the Bank of England has told Sky News he expects inflation to fall “rapidly” in just weeks – but warned two...

by admin May 11, 2023
Inflation to fall 'rapidly' - but worse interest rate pain yet to come, BoE governor warns
Business

Bank of England interest rate increased 0.25 percentage points to 4.5%

The Bank of England has raised interest rates for a record-breaking 12th successive meeting, lifting the cost of borrowing to 4.5% and warning that...

by admin May 11, 2023
Bank of England interest rate increased 0.25 percentage points to 4.5%
Business

Cost of living pain still to come for millions despite Bank of England’s rosier outlook

It is saying something that the Bank of England has just delivered its biggest economic upgrade in the history of the Monetary Policy Committee,...

by admin May 11, 2023
Cost of living pain still to come for millions despite Bank of England's rosier outlook
Business

TransPennine Express to be brought under government control due to ‘continuous cancellations’

Train operator TransPennine Express will not have its contract renewed or extended, the government has announced, after “months of… continuous cancellations”. Transport Secretary Mark...

by admin May 11, 2023
TransPennine Express to be brought under government control due to 'continuous cancellations'
Business

Bank of England to impose another interest rate hike as UK inflation proves stubborn

The Bank of England is set to impose another interest rate hike on the UK economy today, the 12th consecutive increase in its battle...

by admin May 11, 2023
Bank of England to impose another interest rate hike as UK inflation proves stubborn
Business

‘Greedflation’ explored: Are businesses making inflation worse through excessive profits?

It’s an ugly word for an ugly phenomenon. ‘Greedflation’ is the new buzzword in economics. The thesis is quite simple. While a certain chunk...

by admin May 10, 2023
'Greedflation' explored: Are businesses making inflation worse through excessive profits?
Business

John Lewis boss left bruised after confidence vote by staff

John Lewis chair Dame Sharon White has been left bruised but is not fighting an immediate battle for her future following a vote of...

by admin May 10, 2023
John Lewis boss left bruised after confidence vote by staff
Business

Tui’s UK summer holiday sales return to pre-pandemic levels despite price hikes

Prices have increased at the world’s largest holiday company and are now “notably higher” than just three months ago. The average selling price at...

by admin May 10, 2023
Tui's UK summer holiday sales return to pre-pandemic levels despite price hikes
Business

JD Wetherspoon on course for record year after ‘busiest-ever’ Saturday and record sales despite pub closures

Discount pub chain JD Wetherspoon is on course for a record year, the company has said, after its sales in Easter week were the...

by admin May 10, 2023
JD Wetherspoon on course for record year after 'busiest-ever' Saturday and record sales despite pub closures
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