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Business

Business

Jeremy Hunt to defend autumn statement amid warning of record fall in living standards

Jeremy Hunt will continue to defend his autumn statement today as experts warn of a record fall in living standards across the country. The...

by admin November 18, 2022
Jeremy Hunt to defend autumn statement amid warning of record fall in living standards
Business

Household disposable incomes are heading for their biggest fall on record

Addressing MPs in the House of Commons, Jeremy Hunt promised that his autumn statement would lead to “lower inflation, lower mortgage rates, a shallower...

by admin November 18, 2022
Household disposable incomes are heading for their biggest fall on record
Business

Pound falls as markets and business respond to autumn statement

Why energy shares didn’t suffer in response to windfall tax expansion Ian King Business presenter @iankingsky During recent days there have been suggestions in...

by admin November 18, 2022
Pound falls as markets and business respond to autumn statement
Business

Twitter reportedly closes offices over ‘sabotage fears’ as ‘more employees resign’

Twitter employees have been told that all office buildings have been temporarily closed as more of them are estimated to be leaving the social...

by admin November 18, 2022
Twitter reportedly closes offices over 'sabotage fears' as 'more employees resign'
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
Autumn statement: Key announcements from chancellor at a glance
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
Royal Mail seeks to reduce letter deliveries as strikes plunge parent firm to first half loss
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
Chinese tech firm Nexperia told to sell majority stake in UK microchip factory over 'national security risk'
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
Autumn statement: Chancellor Jeremy Hunt reduces higher rate of income tax threshold to £125,140
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
Jeremy Hunt to unveil package of tax hikes and spending cuts in autumn statement to plug £54bn black hole
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
Chinese tech firm Nexperia told to sell majority stake in UK microchip factory over 'national security risk'
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
Rising energy and food bills tip inflation to highest level since 1981 at 11.1%
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
Thomas Cook's Chinese owner in talks to sell stake in British holiday brand
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
War in Ukraine helps boost earnings outlook at arms manufacturer BAE Systems
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
Wages rise by more than expected but unemployment also grows, Office for National Statistics figures show
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
Chancellor Jeremy Hunt expected to announce rise in national living wage
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
Bank of England head Andrew Bailey denies role in Liz Truss's downfall
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
Elon Musk says the amount he 'tortures himself is next level' as he warns budding entrepreneurs to 'be careful what they wish for'
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
Amazon 'to axe 10,000 workers' after forecasting weaker growth
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
Joules and The Garden Trading Company on brink of collapse with 1,600 jobs at risk
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
Ashley’s Frasers to seal swoop for Savile Row tailor Gieves & Hawkes
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