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Business

Economy contracts 0.3% in August, ONS figures show

The economy slowed in August, contracting by 0.3% on the previous month. The Office for National Statistics released its latest reading on the UK’s...

by admin October 12, 2022
Economy contracts 0.3% in August, ONS figures show
Business

Pound suffers as Bank of England governor rules out extension to bond-buying aid for pension funds

The Bank of England’s governor has ruled out extending its bond-buying support for pension funds beyond Friday’s deadline, prompting a dramatic fall in the...

by admin October 11, 2022
Pound suffers as Bank of England governor rules out extension to bond-buying aid for pension funds
Business

‘The worst is yet to come’: IMF says 2023 will ‘feel like a recession’

The International Monetary Fund (IMF) has predicted a tough 2023 as it cut growth predictions and forecast economic contraction in a third of the...

by admin October 11, 2022
'The worst is yet to come': IMF says 2023 will 'feel like a recession'
Business

Number of people not working due to sickness at a record high

The number of people who are out of work due to long-term sickness has risen to a record high, according to data from the...

by admin October 11, 2022
Number of people not working due to sickness at a record high
Business

Cost of living: Grocery inflation nears 14% with households facing £643 hike to average annual bill

The pace of price rises for essential groceries has hit a new record high, according to a report looking at changes to shopping habits....

by admin October 11, 2022
Cost of living: Grocery inflation nears 14% with households facing £643 hike to average annual bill
Business

‘Material risk’ to UK financial stability with part of pension-linked market ‘dysfunctional’, Bank of England warns

The Bank of England has warned of “a material risk to UK financial stability” as it widened its programme to buy up government bonds....

by admin October 11, 2022
'Material risk' to UK financial stability with part of pension-linked market 'dysfunctional', Bank of England warns
Business

Cost of living: More mortgage products now on offer – but interest rates continue to rise

Mortgages continued to become more expensive despite the number of products on the market gradually increasing. The average mortgage interest rate on a two-year...

by admin October 10, 2022
Cost of living: More mortgage products now on offer - but interest rates continue to rise
Business

Competition watchdog ‘minded to accept’ sale of stores as Morrisons’ takeover of McColl’s edges closer to completion

The acquisition by Morrisons of McColl’s, one of Britain’s biggest convenience store chains, has edged closer to being given the go-ahead by the competition...

by admin October 10, 2022
Competition watchdog  'minded to accept' sale of stores as Morrisons' takeover of McColl's edges closer to completion
Business

Bank of England doubles the potential value of daily government bond purchases to prevent Friday cliff edge

The Bank of England has announced it is doubling the value of UK government bonds it can buy up as it enters the final...

by admin October 10, 2022
Bank of England doubles the potential value of daily government bond purchases to prevent Friday cliff edge
Business

Former Wasps chief spearheads bid for stricken Premiership Rugby club

A former boss of crisis-hit Wasps is spearheading a takeover bid for the Premiership Rugby club that could save it from the threat of...

by admin October 9, 2022
Former Wasps chief spearheads bid for stricken Premiership Rugby club
Business

Taxpayer’s Bulb bill to hit £4bn as Octopus Energy closes in on takeover

Octopus Energy is close to clinching a takeover of stricken rival Bulb in a deal that will crystallise up to £4bn of losses for...

by admin October 8, 2022
Taxpayer’s Bulb bill to hit £4bn as Octopus Energy closes in on takeover
Business

Kwarteng rules out wholesale reforms to bank ‘firewall’ regime

Kwasi Kwarteng, the chancellor, has ruled out tearing up the regime put in place to segregate high street lenders’ investment banking arms that was...

by admin October 7, 2022
Kwarteng rules out wholesale reforms to bank 'firewall' regime
Business

BoE rate-setter’s vow on inflation fails to help stricken pound for long

The pound’s value ebbed and flowed on Friday – supported by a Bank of England deputy governor’s vow to persist in the fight against...

by admin October 7, 2022
BoE rate-setter's vow on inflation fails to help stricken pound for long
Business

Company insolvencies at highest level since 2009 as energy bills bite

The number of company insolvencies in England and Wales hit its highest level for 13 years in the second quarter of the year, according...

by admin October 7, 2022
Company insolvencies at highest level since 2009 as energy bills bite
Business

September records slowest retail sales growth since shops reopened post pandemic

September saw the slowest retail sales growth since shops reopened post-COVID restrictions due to a combination of inflation, economic crisis and an uexpected bank...

by admin October 6, 2022
September records slowest retail sales growth since shops reopened post pandemic
Business

Lenders push Chancellor Kwasi Kwarteng to extend mortgage guarantee scheme

The UK’s biggest mortgage lenders will urge the chancellor to extend a government home loans initiative which helps first-time buyers get onto the property...

by admin October 6, 2022
Lenders push Chancellor Kwasi Kwarteng to extend mortgage guarantee scheme
Business

Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages – as EU agrees to cut electricity use

The country has been put on notice that the chances of gas shortages this winter have risen markedly, prompting a contingency plan to prioritise...

by admin October 6, 2022
Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages - as EU agrees to cut electricity use
Business

Energy crisis: How worried should I be about the lights going out?

The latest information on the risks facing gas and electricity supplies suggests there is an increased risk of blackouts this winter – but they...

by admin October 6, 2022
Energy crisis: How worried should I be about the lights going out?
Business

Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages

The country has been put on notice that the chances of gas shortages this winter have risen markedly, prompting a contingency plan to prioritise...

by admin October 6, 2022
Energy crisis: Plan for three-hour power blackouts to prioritise heating in event of gas shortages - as EU agrees to cut electricity use
Business

Lenders push Chancellor Kwasi Kwarteng to extend mortgage guarantee scheme

The UK’s biggest mortgage lenders will urge the chancellor to extend a government home loans initiative which helps first-time buyers get onto the property...

by admin October 6, 2022
Lenders push Chancellor Kwasi Kwarteng to extend mortgage guarantee scheme
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Recent Articles
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World News
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  • Gaza permanent ceasefire 'questionable', says Israeli governmentGaza permanent ceasefire ‘questionable’, says Israeli government
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  • Christian Horner says Red Bull sacking came as a 'shock' in farewell speechChristian Horner says Red Bull sacking came as a ‘shock’ in farewell speech
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