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Business

Business

European Central Bank sticks to its guns on interest rates despite market turmoil

The European Central Bank (ECB) has maintained its fight against inflation and imposed a large set of interest rate hikes despite market turmoil. Bank...

by admin March 16, 2023
European Central Bank sticks to its guns on interest rates despite market turmoil
Business

John Lewis results: £234m loss means no staff bonus and looming job losses

Job losses are on the horizon at the John Lewis Partnership, which includes Waitrose and John Lewis shops, as the company posted an annual...

by admin March 16, 2023
John Lewis results: £234m loss means no staff bonus and looming job losses
Business

TikTok expected to be banned from UK government phones

China will see move as another swipe as relations deteriorate China’s response to the spate of countries banning TikTok on government devices has been...

by admin March 16, 2023
TikTok expected to be banned from UK government phones
Business

Jeremy Hunt defends speed of his childcare budget giveaway as ‘biggest transformation in my lifetime’

Chancellor Jeremy Hunt has defended the speed of the rollout for his budget offer of free childcare for working parents, describing it as the...

by admin March 16, 2023
Jeremy Hunt defends speed of his childcare budget giveaway as 'biggest transformation in my lifetime'
Business

Budget 2023: Money will have to be found from somewhere for public sector pay, says IFS

The government will have to find money to increase public sector pay or face consequences in its services, the Institute for Fiscal Studies (IFS)...

by admin March 16, 2023
Budget 2023: Money will have to be found from somewhere for public sector pay, says IFS
Business

Budget 2023 calculator: See if you are better or worse off after Chancellor Jeremy Hunt’s statement

Are you richer or poorer? Use our budget calculator to see how you have been affected by Chancellor Jeremy Hunt’s tax and spending announcements....

by admin March 16, 2023
Budget 2023 calculator: See if you are better or worse off after Chancellor Jeremy Hunt's statement
Business

Credit Suisse secures £44.5bn lifeline amid fears of global financial crisis

Credit Suisse has said it will borrow up to 50bn Swiss francs (£44.5bn) from the Swiss central bank to shore up its liquidity. The...

by admin March 16, 2023
Credit Suisse secures £44.5bn lifeline amid fears of global financial crisis
Business

Beer drinkers toast to budget, but wine and whisky producers feel sour over alcohol duty increase

The price of a bottle of wine could rise by 44p this summer after Jeremy Hunt limited a freeze on alcohol tax to pints....

by admin March 16, 2023
Beer drinkers toast to budget, but wine and whisky producers feel sour over alcohol duty increase
Business

Coal power stations unlikely to provide emergency energy top-up next winter

Companies running the UK’s three remaining coal-fired power stations have told Sky News that they will not be able to commit to new emergency...

by admin March 16, 2023
Coal power stations unlikely to provide emergency energy top-up next winter
Business

FTSE 100 takes £75bn hit as Europe becomes new focus of Silicon Valley Bank fallout

The FTSE 100 and other major European stock markets have taken a beating as concern over the health of US banks crosses the Atlantic....

by admin March 15, 2023
FTSE 100 takes £75bn hit as Europe becomes new focus of Silicon Valley Bank fallout
Business

Budget 2023 calculator: See if you are better or worse off after Chancellor Jeremy Hunt’s statement

Are you richer or poorer? Use our budget calculator to see how you have been affected by Chancellor Jeremy Hunt’s tax and spending announcements....

by admin March 15, 2023
Budget 2023 calculator: See if you are better or worse off after Chancellor Jeremy Hunt's statement
Business

Budget 2023: UK economy will avoid recession in 2023 and inflation set to plummet, says chancellor

Jeremy Hunt said the British economy is “proving the doubters wrong” and will avoid recession, as he delivered his first full budget speech to...

by admin March 15, 2023
Budget 2023: UK economy will avoid recession in 2023 and inflation set to plummet, says chancellor
Business

Budget 2023: The key points of Chancellor Jeremy Hunt’s speech

The chancellor has announced the budget for 2023. The UK will now not enter a technical recession this year, the independent forecasters, the Office...

by admin March 15, 2023
Budget 2023: The key points of Chancellor Jeremy Hunt's speech
Business

Health of European banks in focus as stocks plunge again over Credit Suisse and rate rise worries

Banking stocks are enduring fresh, steep losses on Wednesday as concern over the health of US banks crosses the Atlantic. Credit Suisse shares plunged...

by admin March 15, 2023
FTSE 100 takes £75bn hit as Europe becomes new focus of Silicon Valley Bank fallout
Business

How Silicon Valley Bank chaos has had a bearing on us all – and why we’re in for a bumpy few months

Tempting as it is to believe that the chaos with Silicon Valley Bank and its British arm are of interest only to members of...

by admin March 14, 2023
How Silicon Valley Bank chaos has had a bearing on us all - and why we're in for a bumpy few months
Business

Sunak confirms Hunt will still be chancellor at next election despite criticism ahead of spring budget

Rishi Sunak has said Jeremy Hunt will still be chancellor at the next election after criticism his number two did not have enough economic...

by admin March 14, 2023
Sunak confirms Hunt will still be chancellor at next election despite criticism ahead of spring budget
Business

McLaren revs up investors with £70m equity injection

McLaren Group, the supercar manufacturer and Formula One team-owner, has received a £70m funding boost from investors in the first stage of a wider...

by admin March 14, 2023
 McLaren revs up investors with £70m equity injection
Business

Tech bosses show relief over Silicon Valley Bank rescue

Technology investors and founders representing over £560bn in capital raised and fund assets under management have expressed relief about the rescue of Silicon Valley...

by admin March 14, 2023
Tech bosses show relief over Silicon Valley Bank rescue
Business

UK loses total of 220,000 working days to strike action in January

The number of working days lost to strike action totalled 220,000 in January, figures from the Office for National Statistics (ONS) show. In the...

by admin March 14, 2023
UK loses total of 220,000 working days to strike action in January
Business

HSBC buys Silicon Valley Bank UK for £1 in deal which ‘protects customers and taxpayers’

HSBC has bought the embattled UK arm of Silicon Valley Bank (SVB UK), securing the deposits of more than 3,000 customers worth £6.7bn. Confirming...

by admin March 13, 2023
HSBC buys Silicon Valley Bank UK for £1 in deal which 'protects customers and taxpayers'
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