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Business

Business

Rents at record high mean “extreme” competition for properties

The average rent has hit a record high outside London and stood at an average of £1,162 per calendar month in the three months...

by admin October 21, 2022
Business

Discount given to households that cut peak time energy use rises from 52p to £3

The value of energy discounts given to households that cut their peak time electricity used will be raised, the National Grid ESO has said,...

by admin October 21, 2022
Discount given to households that cut peak time energy use rises from 52p to £3
Business

Bank of England official hints interest rates may not rise as much as market expects

Might interest rates not peak as high as the market is expecting? That is certainly the conclusion that has been drawn today following a...

by admin October 20, 2022
Bank of England official hints interest rates may not rise as much as market expects
Business

The Conservatives can change PM, but not the economic hole they have dug

The final straw for Liz Truss’s premiership was a collapse of confidence among Conservative MPs, but the underlying cause is an economic crisis she...

by admin October 20, 2022
The Conservatives can change PM, but not the economic hole they have dug
Business

Liz Truss resignation sparks recovery for pound, shares and government borrowing costs

There has been a positive market reaction to the resignation of Liz Truss after just 44 days in office, following the fierce backlash against...

by admin October 20, 2022
Liz Truss resignation sparks recovery for pound, shares and government borrowing costs
Business

Spam and fish head sales ‘up a third’ as shoppers try to save money

Sales of Spam and fish heads have risen a third as people seek out cheaper meals amid the cost of living crisis. The famously...

by admin October 20, 2022
Spam and fish head sales 'up a third' as shoppers try to save money
Business

Naked Wines cuts 6% of workforce as growth strategy leaves bitter note

Naked Wines has made around 6% of its workforce redundant after a failed growth strategy forced a restructuring. The online retailer, which connects its...

by admin October 20, 2022
Naked Wines cuts 6% of workforce as growth strategy leaves bitter note
Business

More rail strikes announced for 3 and 5 November, this time involving train operators

More rail strikes have been announced for 3 and 5 November – this time involving 14 train operating companies. The Rail, Maritime and Transport...

by admin October 19, 2022
More rail strikes announced for 3 and 5 November, this time involving train operators
Business

Inflation rises to 10.1% as economy reels from mini-budget chaos

The rate of inflation rose to 10.1% in September, according to official figures, as the economy reels from the effects of rising prices and...

by admin October 19, 2022
Inflation rises to 10.1% as economy reels from mini-budget chaos
Business

More rail strikes to take place in November after pay offer ‘U-turn’, RMT says

Rail workers’ union RMT has announced more strikes next month following what it said was a pay offer “U-turn” from Network Rail. Three days...

by admin October 18, 2022
More rail strikes to take place in November after pay offer 'U-turn', RMT says
Business

Threat of beer and fast food shortages as delivery drivers prepare for walkouts

Pubs and clubs are facing the prospect of beer shortages while fast food firms including Burger King, KFC and Pizza Hut are also under...

by admin October 18, 2022
Threat of beer and fast food shortages as delivery drivers prepare for walkouts
Business

Facebook owner Meta ordered to sell GIF library Giphy in ‘final decision’ by UK watchdog

Meta, the owner of Facebook and Instagram, has been ordered by the UK competition regulator to sell the GIF library Giphy. The Competition and...

by admin October 18, 2022
Facebook owner Meta ordered to sell GIF library Giphy in 'final decision' by UK watchdog
Business

Blackouts may be imposed on cold weekday evenings, National Grid chief warns

The head of Britain’s electricity and gas systems’ operator has told households to prepare for blackouts between 4pm and 7pm on weekdays during “really,...

by admin October 18, 2022
Blackouts may be imposed on cold weekday evenings, National Grid chief warns
Business

Cost of living: Energy bills for an average household could hit £4,347 a year from April, analysts warn, as universal price guarantee to end

Annual energy bills could reach £4,347 for an average household after the government announced the two-year price freeze will now run for just six...

by admin October 18, 2022
Cost of living: Energy bills for an average household could hit £4,347 a year from April, analysts warn, as universal price guarantee to end
Business

Seven things you need to know about the mini-budget U-turn | Ed Conway

Nearly all the tax cuts announced in the government’s mini-budget are being reversed – here are seven things you need to know about the...

by admin October 18, 2022
Seven things you need to know about the mini-budget U-turn | Ed Conway
Business

Chancellor’s cull of more mini-budget giveaways eases financial market pressures

Financial markets have reacted positively to the new chancellor’s cull of more costly measures in his predecessor’s disastrous mini-budget. Jeremy Hunt revealed in a...

by admin October 17, 2022
Chancellor's cull of more mini-budget giveaways eases financial market pressures
Business

Single fund at asset manager faced ‘knockouts’ without fall in gilt yields

Britain’s financial regulators have identified one remaining fund at an asset manager which would have faced a series of “knockouts” and potential collapse if...

by admin October 17, 2022
Single fund at asset manager faced 'knockouts' without fall in gilt yields
Business

What was in the mini-budget and what has been scrapped?

Just over three weeks ago, then-chancellor Kwasi Kwarteng unveiled his tax-cutting mini-budget to MPs which caused economic turmoil in the UK. Following a dramatic...

by admin October 17, 2022
What was in the mini-budget and what has been scrapped?
Business

Chancellor reverses ‘almost all’ tax cuts in mini-budget and says energy bills support scheme to be scaled back

Jeremy Hunt has revealed he is reversing “almost all” of the tax cuts announced in his predecessor’s mini-budget and is scaling back support on...

by admin October 17, 2022
Chancellor reverses 'almost all' tax cuts in mini-budget and says energy bills support scheme to be scaled back
Business

Pound rebounds in early Asia trading, following Liz Truss U-turn and Jeremy Hunt appointment

The pound has edged a little higher against the dollar in early Asia trading, following PM Liz Truss’s partial reversal of her initial economic...

by admin October 17, 2022
Pound rebounds in early Asia trading, following Liz Truss U-turn and Jeremy Hunt appointment
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