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Business

‘They are holding £15,000 – I basically can’t afford food’: Etsy sellers claim platform is imposing 75% reserves on their sales

Etsy, the global online marketplace used by millions, is facing claims from sellers it has been withholding thousands of pounds from small businesses by...

by admin July 15, 2023
'They are holding £15,000 - I basically can't afford food': Etsy sellers claim platform is imposing 75% reserves on their sales
Business

One in 20 adults ran out of food and couldn’t afford more, ONS data shows.

Young adults and renters are some of the people worst hit by rising prices as official figures show around one in 20 said they...

by admin July 14, 2023
One in 20 adults ran out of food and couldn't afford more, ONS data shows.
Business

OpenAI’s ChatGPT under investigation by Federal Trade Commission

The US competition watchdog has launched an investigation into the creator of artificial intelligence (AI) chatbot ChatGPT. The Federal Trade Commission (FTC) has begun...

by admin July 14, 2023
OpenAI's ChatGPT under investigation by Federal Trade Commission
Business

Gatwick Airport staff to strike at start of summer holidays

Almost 1,000 workers at Gatwick Airport, including baggage handlers and check-in staff, will stage eight days of strikes from later this month. Staff will...

by admin July 14, 2023
Gatwick Airport staff to strike at start of summer holidays
Business

Young adults and renters among worst hit by cost of living crisis

Young adults and renters are some of the groups of people worst hit by rising prices, official figures show. Those aged 25 to 34...

by admin July 14, 2023
Young adults and renters among worst hit by cost of living crisis
Business

King’s coronation weighs on economy as output contracts by 0.1% in May

The economy contracted in May as the additional public holiday for the King’s coronation weighed on output, according to official figures. Data from the...

by admin July 13, 2023
Young adults and renters among worst hit by cost of living crisis
Business

Almost one million households face £500 a month mortgage hike, Bank of England warns

Nearly a million mortgage holders around the country will see their monthly repayments jump by £500 or more in the coming years, the Bank...

by admin July 12, 2023
Almost one million households face £500 a month mortgage hike, Bank of England warns
Business

Liz Truss launches ‘Growth Commission’ – as first report claims Britons are £10,000 worse off than Americans

A new economic organisation, set up by Liz Truss, will launch on Wednesday, with a report claiming the average British person is £10,000 worse...

by admin July 12, 2023
Liz Truss launches 'Growth Commission' - as first report claims Britons are £10,000 worse off than Americans
Business

Rishi Sunak hints no tax cuts before next election – as he admits by-elections will be ‘challenging’

Rishi Sunak has hinted there will be no tax cuts on offer from the government before the next general election, as his party faces...

by admin July 12, 2023
Rishi Sunak hints no tax cuts before next election - as he admits by-elections will be 'challenging'
Business

Royal Mail strikes end as postal workers vote to accept pay deal

The dispute between Royal Mail and staff represented by the Communication Workers Union (CWU) has officially come to an end after months of bitter...

by admin July 11, 2023
Royal Mail strikes end as postal workers vote to accept pay deal
Business

Fixed mortgage rates now higher than those under Liz Truss’s government

The average two-year fixed mortgage rate now being demanded of borrowers has climbed above the levels seen last year when financial markets baulked at...

by admin July 11, 2023
Fixed mortgage rates now higher than those under Liz Truss's government
Business

Competition watchdog to reopen talks with Microsoft over Activision Blizzard merger

The UK competition watchdog is ready to reopen talks with Microsoft after the company agreed to halt legal proceedings over its planned merger with...

by admin July 11, 2023
Competition watchdog to reopen talks with Microsoft over Activision Blizzard merger
Business

Wage growth was 7.3% from March to May in blow to Bank of England

The pace of wage growth, already described as “unsustainable” by the governor of the Bank of England, has risen further, according to shock official...

by admin July 11, 2023
Wage growth was 7.3% from March to May in blow to Bank of England
Business

Fixed mortgage rate at 2008 high after exceeding mini-budget peak

The average two-year fixed mortgage rate being demanded of new borrowers has climbed above the levels seen last year when financial markets baulked at...

by admin July 11, 2023
Fixed mortgage rates now higher than those under Liz Truss's government
Business

Bank of England governor believes inflation will still come down ‘markedly’ this year

Inflation will fall “markedly” over the rest of the year, says the Bank of England’s governor. The rate of price increases will come down...

by admin July 11, 2023
Bank of England governor believes inflation will still come down 'markedly' this year
Business

Bank of England governor believes inflation will still come down ‘markedly’ this year

Inflation will fall “markedly” over the rest of the year, says the Bank of England’s governor. The rate of price increases will come down...

by admin July 10, 2023
Bank of England governor believes inflation will still come down 'markedly' this year
Business

Chancellor Jeremy Hunt speaks out against profiteering – as he points to reason for high inflation

Chancellor Jeremy Hunt has warned that profit increases benefit no one if they worsen inflation. Mr Hunt said he agreed with remarks by Bank...

by admin July 10, 2023
Chancellor Jeremy Hunt speaks out against profiteering - as he points to reason for high inflation
Business

Pension reforms could improve financial outcomes in decades – but there’s no feel good factor any time soon

There are many areas where the British economy struggles to compete with its counterparts, but in one sector it is up there with the...

by admin July 10, 2023
Pension reforms could improve financial outcomes in decades - but there's no feel good factor any time soon
Business

Tube strikes: ASLEF drivers to join RMT members in planning London Underground walkouts

More dates have been announced for London Underground strike action this month. The trade union for train drivers, ASLEF, announced it is to stage...

by admin July 10, 2023
Tube strikes: ASLEF drivers to join RMT members in planning London Underground walkouts
Business

EasyJet cancels more than 1,000 summer flights due to Europe congestion

EasyJet has been forced to cancel 1,700 flights during the peak summer holiday season. The low-cost airline indicated, like many rivals, it had been...

by admin July 10, 2023
EasyJet cancels more than 1,000 summer flights due to Europe congestion
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