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Business

Business

Chancellor Kwasi Kwarteng insists he is ‘not going anywhere’ and is ‘totally focused’ on growth plan

The chancellor has insisted he is “not going anywhere” amid the economic turmoil in the UK and said he remains “totally focused” on delivering...

by admin October 13, 2022
Chancellor Kwasi Kwarteng insists he is 'not going anywhere' and is 'totally focused' on growth plan
Business

Kwasi Kwarteng in Washington DC for talks with IMF as Liz Truss faces revolt at home

As Liz Truss faces open revolt in her party over her planned tax cuts, her chancellor will today try to reassure the IMF that...

by admin October 13, 2022
Kwasi Kwarteng in Washington DC for talks with IMF as Liz Truss faces revolt at home
Business

Royal Mail strikes: When are staff walking out and what’s affected?

Royal Mail workers are striking on multiple days across the next few months, with people warned to expect delays to their parcels and letters....

by admin October 13, 2022
Royal Mail strikes: When are staff walking out and what's affected?
Business

Mini-budget ‘complicated’ Bank of England’s battle to bring down inflation, says IMF chief economist

The chancellor’s mini-budget “complicated matters” for the Bank of England as it battled to bring down inflation, the International Monetary Fund’s chief economist has...

by admin October 12, 2022
Mini-budget 'complicated' Bank of England's battle to bring down inflation, says IMF chief economist
Business

Government borrowing costs hit 20-year high after Bank of England confirms bond-buying will end on Friday

UK government borrowing costs have hit a 20-year high after the Bank of England confirmed its emergency bond-buying programme will end on Friday as...

by admin October 12, 2022
Government borrowing costs hit  20-year high after Bank of England confirms bond-buying will end on Friday
Business

Is my pension at risk? Your guide to the market mayhem facing funds

The economic credibility of the government has come under siege on financial markets since last month’s tax-cutting mini-budget. While the value of the pound...

by admin October 12, 2022
Is my pension at risk? Your guide to the market mayhem facing funds
Business

Jacob Rees-Mogg says he has ‘confidence’ in Bank of England governor Andrew Bailey but disputes pension funds ‘at risk’

Jacob Rees-Mogg has declared his confidence in the governor of the Bank of England, but disputed that pension funds are at “systemic” risk. Speaking...

by admin October 12, 2022
Jacob Rees-Mogg says he has 'confidence' in Bank of England governor Andrew Bailey but disputes pension funds 'at risk'
Business

Top City lawyer Nikpay in frame to run competition regulator

A leading City lawyer has been shortlisted to become the next chief executive of the competition watchdog. Sky News has learnt that Ali Nikpay,...

by admin October 12, 2022
Top City lawyer Nikpay in frame to run competition regulator
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
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