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Business

Business

Minister issues warning as government energy support package kicks in to cover huge spike in bills

Consumers are being warned they may be targeted by scammers as the government’s energy price guarantee comes into effect. Messages asking for people to...

by admin October 1, 2022
Minister issues warning as government energy support package kicks in to cover huge spike in bills
Business

How much will my bills increase now the energy price cap comes into effect

Gas and electricity bills are going up as the new energy price cap takes effect. You may have read that from 1 October the...

by admin October 1, 2022
How much will my bills increase now the energy price cap comes into effect
Business

Shops in England banned from displaying junk food near entrances and tills from today

Restrictions on where shops in England can display junk food come into effect today. Products that are high in fat, salt and sugar can...

by admin October 1, 2022
Shops in England banned from displaying junk food near entrances and tills from today
Business

Train services set to be crippled by fresh strike, as Royal Mail staff walk out for second day

Rail passengers have been urged to only travel if “absolutely necessary” today as members of four trade unions stage a 24-hour walkout. The latest...

by admin October 1, 2022
Train services set to be crippled by fresh strike, as Royal Mail staff walk out for second day
Business

Liz Truss admits ‘disruption’ to UK economy but stands by forecast-free mini-budget

Liz Truss has for the first time acknowledged that “there has been disruption” to the UK economy following last week’s mini budget. Since the...

by admin September 30, 2022
Liz Truss admits 'disruption' to UK economy but stands by forecast-free mini-budget
Business

Fiscal watchdog to give initial forecast on mini-budget after meeting with PM and chancellor

Liz Truss and Kwasi Kwarteng have met the head of the UK’s independent fiscal watchdog amid the fallout from the government’s mini-budget. The government...

by admin September 30, 2022
Fiscal watchdog to give initial forecast on mini-budget after meeting with PM and chancellor
Business

UK economy grows by 0.2% after predicted decline

Britain’s economy grew by 0.2% in the three months to June, reversing the initial estimate of a 0.1% contraction, official figures show. The upward...

by admin September 30, 2022
UK economy grows by 0.2% after predicted decline
Business

£1bn Serco pension scheme seeks loan from outsourcer amid markets turmoil

The pension schemes of Serco, the government contractor, have approached their sponsor to seek financial support amid a funding crunch triggered by this week’s...

by admin September 30, 2022
  £1bn Serco pension scheme seeks loan from outsourcer amid markets turmoil
Business

Truss and Kwarteng to meet fiscal watchdog tomorrow after MPs demand full economic forecast

Liz Truss will meet the head of the UK’s independent fiscal watchdog tomorrow after a powerful group of cross-party MPs demanded the chancellor release...

by admin September 29, 2022
Truss and Kwarteng to meet fiscal watchdog tomorrow after MPs demand full economic forecast
Business

‘UK-specific component’ of post-mini-budget market turmoil, Bank of England chief economist says, contradicting government defence

The Bank of England’s chief economist has contradicted the government by saying there is “undoubtedly a UK-specific component” to the market reaction of the...

by admin September 29, 2022
'UK-specific component' of post-mini-budget market turmoil, Bank of England chief economist says, contradicting government defence
Business

Chancellor Kwasi Kwarteng insists government ‘protecting people across UK’ with mini-budget

Chancellor Kwasi Kwarteng has insisted the government is focusing on “delivering the growth plan” and “protecting people right across the country” despite a week...

by admin September 29, 2022
Chancellor Kwasi Kwarteng insists government 'protecting people across UK' with mini-budget
Business

Pension funds would have faced ‘mass defaults’ today without BoE action

The Bank of England’s dramatic intervention today was in response to a “run dynamic” emerging in the British pensions system which could have resulted...

by admin September 28, 2022
Business

Bank’s extraordinary response to government policy is almost unthinkable | Ed Conway

This is an extraordinary moment. We’ll get to the details in a moment but before we do let’s not lose sight of the big...

by admin September 28, 2022
Business

IMF warns UK against mini-budget that will ‘likely increase inequality’

The International Monetary Fund (IMF) has criticised the UK government’s mini-budget, saying the plans for tax cuts and spending will increase inequality and counteract...

by admin September 27, 2022
Business

King Charles banknote design revealed by end of year – but when can you get your hands on the real thing?

Images of banknotes featuring a portrait of the King will be revealed by the end of this year – but the public won’t be...

by admin September 26, 2022
Business

Mortgages withdrawn from sale as market reels after mini-budget

The market turmoil caused by Friday’s seismic mini-budget has hit mortgage offerings as providers withdrew partial and entire lending ranges. Virgin Money and Skipton...

by admin September 26, 2022
Business

Five reasons why the pound’s ‘doom loop’ matters to you

The overnight fall in the value of the pound, descending to its lowest level against the dollar since decimalisation in 1971, matters because of...

by admin September 26, 2022
Business

Car dealer Pendragon gears up for £400m bid from top investor

Pendragon, the London-listed car dealer behind brands including Evans Halshaw and Stratstone, has received a fresh £400m takeover approach from its largest shareholder. Sky...

by admin September 25, 2022
Business

GSK poaches Burberry’s Brown to create all-female top team

GSK, the FTSE-100 pharmaceuticals giant, has poached Burberry Group’s finance chief to create a rare all-female executive leadership team in London’s blue-chip share index....

by admin September 24, 2022
Business

Hoseasons owner Awaze picks banks to oversee £2bn sale

The owner of Hoseasons and some of Europe’s biggest holiday rental operations has hired banks to oversee a sale that could value it at...

by admin September 24, 2022
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Recent Articles
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World News
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  • Thousands of families remain in Gaza City as Israeli army advancesThousands of families remain in Gaza City as Israeli army advances
  • UN Commission says Israel is committing genocide in GazaUN Commission says Israel is committing genocide in Gaza
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