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Business

Scale of rate hike is shock therapy for UK’s inflation problem

Blimey. The Bank of England was always going to increase its Bank rate this month. But every economist had expected only a quarter percentage...

by admin June 22, 2023
Scale of rate hike is shock therapy for UK's inflation problem
Business

Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain

Saudi Arabia’s sovereign wealth fund is selling its stake in McLaren, the supercar maker and Formula One team-owner, in a deal that will reinforce...

by admin June 22, 2023
Saudi sovereign wealth fund PIF sells McLaren stake to Bahrain
Business

Rothschild’s Volex taps investors to fund £135m Turkish takeover

The industrial manufacturer headed by Nat Rothschild, the prominent financier, is to tap shareholders in a cash call to fund its biggest acquisition to...

by admin June 22, 2023
Rothschild’s Volex taps investors to fund £135m Turkish takeover
Business

No decrease in inflation as it remains at 8.7%

The rate of price rises has remained 8.7% despite expectations of a fall, according to official figures. The Office for National Statistics (ONS) announced...

by admin June 21, 2023
No decrease in inflation as it remains at 8.7%
Business

Jeremy Hunt rules out mortgage support and capping food prices

The chancellor has ruled out mortgage bill support for fear it would increase inflation. Answering questions in the House of Commons, Jeremy Hunt told...

by admin June 20, 2023
Jeremy Hunt rules out mortgage support and capping food prices
Business

Grocery inflation eases to ‘slowest monthly rate this year’

The pace of grocery inflation has eased to its slowest monthly rate this year, according to industry data that backs hopes the worst may...

by admin June 20, 2023
Grocery inflation eases to 'slowest monthly rate this year'
Business

More than 6m people with disabilities to start receiving £150 cost of living payment

More than six million people with disabilities will begin receiving a one-off cost of living payment of £150 from Tuesday – but charities warn...

by admin June 20, 2023
More than 6m people with disabilities to start receiving £150 cost of living payment
Business

What will 6% mortgages do to the housing market?

Prime Minister Rishi Sunak has ruled out help for homeowners after the average fixed two-year mortgage rate hit 6% for the first time this...

by admin June 20, 2023
What will 6% mortgages do to the housing market?
Business

Average mortgage rate rises above 6% for two-year fixed deal

The average mortgage rate for a two-year fixed deal has risen to 6.01%, according to a financial information company. Meanwhile, the average five-year fixed...

by admin June 19, 2023
Average mortgage rate rises above 6% for two-year fixed deal
Business

Publicly-owned clean energy company will create thousands of jobs in Scotland, Sir Keir Starmer to say

Thousands of jobs could be created in Scotland under a Labour proposal to create a publicly-owned clean energy company with its headquarters north of...

by admin June 19, 2023
Publicly-owned clean energy company will create thousands of jobs in Scotland, Sir Keir Starmer to say
Business

Ocado-backed robotics start-up Karakuri on brink of collapse

A robotics start-up in which the online grocer Ocado is a sizeable shareholder is this weekend on the brink of collapse. Sky News has...

by admin June 18, 2023
Ocado-backed robotics start-up Karakuri on brink of collapse
Business

‘Risky’ for government to intervene as mortgage costs surge, ex-Bank of England deputy warns

It would be “risky” for the government to protect mortgage holders against rising interest rates, according to a former Bank of England deputy governor....

by admin June 18, 2023
'Risky' for government to intervene as mortgage costs surge, ex-Bank of England deputy warns
Business

Former Tesco chairman John Allan tells Sky News he is ‘completely innocent’ of misconduct claims

Former Tesco chairman John Allan – who was forced to step down over misconduct allegations – has insisted he is “completely innocent”, but admits...

by admin June 18, 2023
Former Tesco chairman John Allan tells Sky News he is 'completely innocent' of misconduct claims
Business

Bank chiefs tell Sunak to make big tech bear cost of fraud ‘pandemic’

The bosses of Britain’s biggest banks have told Rishi Sunak that technology companies must contribute to the cost of an online fraud “pandemic” that...

by admin June 17, 2023
Bank chiefs tell Sunak to make big tech bear cost of fraud 'pandemic'
Business

Annual mortgage repayments set to rise by £2,900 on average next year, says think tank

Annual mortgage repayments are set to rise by £2,900 for the average household remortgaging next year, according to a think tank. As the UK’s...

by admin June 17, 2023
Annual mortgage repayments set to rise by £2,900 on average next year, says think tank
Business

Supermarket branded sunscreen beats top cosmetic firms under testing

A cheap supermarket own-brand sunscreen has triumphed in safety testing, according to consumer group Which? Asda succeeded in the testing, with several of its...

by admin June 17, 2023
Supermarket branded sunscreen beats top cosmetic firms under testing
Business

Cost of living: Tesco sees ‘encouraging early signs’ that grocery inflation is starting to ease

Tesco has reported “encouraging early signs” that grocery inflation is starting to ease while revealing a leap in sales. The UK’s largest retailer said...

by admin June 16, 2023
No decrease in inflation as it remains at 8.7%
Business

Government left 1.7 million people waiting for energy support due to a ‘lack of bandwidth’

Millions of people were left waiting too long for energy support due to a lack of government “bandwidth”, according to a report from the...

by admin June 15, 2023
Government left 1.7 million people waiting for energy support due to a 'lack of bandwidth'
Business

Energy crisis: National Grid to keep blackout prevention scheme for coming winter

The operator of Britain’s electricity system says it is to keep a scheme that aims to help prevent blackouts for the coming winter. National...

by admin June 15, 2023
Energy crisis: National Grid to keep blackout prevention scheme for coming winter
Business

Premier League leads European financial dominance but Championship clubs ‘living beyond their means’

Premier League revenue growth has continued to outpace that of its main European rivals, according to an eagerly-awaited report that also warns Championship sides...

by admin June 15, 2023
Premier League leads European financial dominance but Championship clubs 'living beyond their means'
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Recent Articles
  • Ex-chancellor Lord Hammond to step down as Copper chairEx-chancellor Lord Hammond to step down as Copper chair
  • Mandelson appointment was 'worth the risk' despite 'strong relationship' with Epstein, says ministerMandelson appointment was ‘worth the risk’ despite ‘strong relationship’ with Epstein, says minister
  • Astronomers Discover Rogue Black Hole Racing Through a Distant Dwarf Galaxy
  • New ‘Quasi-Moon’ Discovered in Earth Orbit May Have Been Hiding There for Decades
  • Butterfly-Shaped Hole in the Sun Could Spark Solar Storms Worldwide This Weekend
  • Labour MPs already angry over claim Mandelson's appointment was 'worth the risk'Labour MPs already angry over claim Mandelson’s appointment was ‘worth the risk’
  • 'Bella Ciao' to 'OwO' - what the engravings on bullets in Charlie Kirk case may refer to‘Bella Ciao’ to ‘OwO’ – what the engravings on bullets in Charlie Kirk case may refer to
  • Charlie Kirk memorial to be held in Arizona stadiumCharlie Kirk memorial to be held in Arizona stadium
  • Romania scrambles fighter jets after Russian drone 'breaches airspace' - as Zelenskyy warns of war 'expansion'Romania scrambles fighter jets after Russian drone ‘breaches airspace’ – as Zelenskyy warns of war ‘expansion’
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World News
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  • At least 32 people killed as Israel intensifies airstrikes in Gaza City, medical staff sayAt least 32 people killed as Israel intensifies airstrikes in Gaza City, medical staff say
  • China warns UK and US after USS Higgins and HMS Richmond sail through Taiwan StraitChina warns UK and US after USS Higgins and HMS Richmond sail through Taiwan Strait
  • Charlie Kirk's widow pays tribute to 'perfect' husband and says her cries 'will echo around the world'Charlie Kirk’s widow pays tribute to ‘perfect’ husband and says her cries ‘will echo around the world’
  • Charlie Kirk suspect arrested after tip-off from fatherCharlie Kirk suspect arrested after tip-off from father
  • UK joins NATO operation to bolster Europe's eastern flank after Russian drone incursions into PolandUK joins NATO operation to bolster Europe’s eastern flank after Russian drone incursions into Poland
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