Business Autumn statement: Key announcements from chancellor at a glance All the main announcements as chancellor Jeremy Hunt reveals his autumn statement to MPs: • He told the Commons in his opening remarks: “In... by admin November 17, 2022
Business Royal Mail seeks to reduce letter deliveries as strikes plunge parent firm to first half loss Royal Mail is seeking to reduce its commitment to letter deliveries as an estimated £70m impact from strike action is blamed for plunging its... by admin November 17, 2022
Business Chinese tech firm Nexperia told to sell majority stake in UK microchip factory over ‘national security risk’ A Chinese-owned tech company has been told to sell the majority of its stake in a UK silicon chip factory due to security concerns.... by admin November 17, 2022
Business Autumn statement: Chancellor Jeremy Hunt reduces higher rate of income tax threshold to £125,140 Jeremy Hunt has reduced the threshold for the higher rate of income tax. The chancellor, announcing his autumn statement, said the 45p rate will... by admin November 17, 2022
Business Jeremy Hunt to unveil package of tax hikes and spending cuts in autumn statement to plug £54bn black hole Jeremy Hunt will promise to weather an economic “storm” by raising taxes, cutting public spending and scaling back energy support to fill a £54bn... by admin November 17, 2022
Business Chinese tech firm Nexperia told to sell majority stake in UK microchip factory over ‘national security risk’ A Chinese-owned tech company has been told to sell the majority of its stake in a UK silicon chip factory due to security concerns.... by admin November 17, 2022
Business Rising energy and food bills tip inflation to highest level since 1981 at 11.1% There has been a higher than expected leap in the rate of inflation, to a 41-year high of 11.1% last month, led by the... by admin November 16, 2022
Business Thomas Cook’s Chinese owner in talks to sell stake in British holiday brand The Chinese owner of Thomas Cook is exploring the sale of a stake in the famous British holiday brand three years after its ignominious... by admin November 15, 2022
Business War in Ukraine helps boost earnings outlook at arms manufacturer BAE Systems Arms manufacturer BAE Systems has said it has seen increased orders, the benefits of which are to be felt for years to come, as... by admin November 15, 2022
Business Wages rise by more than expected but unemployment also grows, Office for National Statistics figures show Wage growth picked up by more than expected over the three months to September, according to official figures also showing a rise in the... by admin November 15, 2022
Business Chancellor Jeremy Hunt expected to announce rise in national living wage Chancellor Jeremy Hunt will announce a rise in the national living wage this week, Sky News understands. Mr Hunt and Prime Minister Rishi Sunak... by admin November 15, 2022
Business Bank of England head Andrew Bailey denies role in Liz Truss’s downfall The Bank of England Governor has denied having any part in the downfall of Liz Truss. In an interview with Sky News, Andrew Bailey... by admin November 14, 2022
Business Elon Musk says the amount he ‘tortures himself is next level’ as he warns budding entrepreneurs to ‘be careful what they wish for’ Elon Musk has warned budding entrepreneurs hoping to emulate his success to “be careful what they wish for”. Speaking to a business forum in... by admin November 14, 2022
Business Amazon ‘to axe 10,000 workers’ after forecasting weaker growth Amazon is to let go of approximately 10,000 employees as early this week, it has been reported. The jobs are to be lost in... by admin November 14, 2022
Business Joules and The Garden Trading Company on brink of collapse with 1,600 jobs at risk The parent firm of fashion retailer Joules and The Garden Trading Company is on the brink of collapse after a failure to secure new... by admin November 14, 2022
Business Ashley’s Frasers to seal swoop for Savile Row tailor Gieves & Hawkes The high street empire founded by Mike Ashley is close to agreeing a deal to buy the stricken Savile Row tailor Gieves & Hawkes.... by admin November 13, 2022
Business Households paying £94 extra on energy bills because Ofgem ‘too slow to act’ Ofgem’s failure to effectively regulate energy suppliers since 2018 has “come at a considerable cost” to British households, a watchdog report has found. The... by admin November 13, 2022
Business Sophy Ridge on Sunday: Jeremy Hunt says everyone will have to pay higher taxes – but richest will make larger sacrifices Jeremy Hunt has said everyone is going to be paying higher taxes but those who earn the most will have to make larger sacrifices.... by admin November 13, 2022
Business Hunt warns this week’s budget is ‘no time for rabbits’ as he prepares for tough cuts to plug £55bn black hole Chancellor Jeremy Hunt has warned there will be no rabbits in the upcoming budget, describing himself as “Scrooge who is going to do things... by admin November 13, 2022
Business Burger chain Byron to be flipped to new owner two years after going bust Byron, one of the UK’s best-known burger restaurant chains, is to be flipped to a new owner two-and-a-half years after a brush with insolvency.... by admin November 11, 2022
