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Business

Inflation rises to 10.1% as economy reels from mini-budget chaos

The rate of inflation rose to 10.1% in September, according to official figures, as the economy reels from the effects of rising prices and...

by admin October 19, 2022
Inflation rises to 10.1% as economy reels from mini-budget chaos
Business

More rail strikes to take place in November after pay offer ‘U-turn’, RMT says

Rail workers’ union RMT has announced more strikes next month following what it said was a pay offer “U-turn” from Network Rail. Three days...

by admin October 18, 2022
More rail strikes to take place in November after pay offer 'U-turn', RMT says
Business

Threat of beer and fast food shortages as delivery drivers prepare for walkouts

Pubs and clubs are facing the prospect of beer shortages while fast food firms including Burger King, KFC and Pizza Hut are also under...

by admin October 18, 2022
Threat of beer and fast food shortages as delivery drivers prepare for walkouts
Business

Facebook owner Meta ordered to sell GIF library Giphy in ‘final decision’ by UK watchdog

Meta, the owner of Facebook and Instagram, has been ordered by the UK competition regulator to sell the GIF library Giphy. The Competition and...

by admin October 18, 2022
Facebook owner Meta ordered to sell GIF library Giphy in 'final decision' by UK watchdog
Business

Blackouts may be imposed on cold weekday evenings, National Grid chief warns

The head of Britain’s electricity and gas systems’ operator has told households to prepare for blackouts between 4pm and 7pm on weekdays during “really,...

by admin October 18, 2022
Blackouts may be imposed on cold weekday evenings, National Grid chief warns
Business

Cost of living: Energy bills for an average household could hit £4,347 a year from April, analysts warn, as universal price guarantee to end

Annual energy bills could reach £4,347 for an average household after the government announced the two-year price freeze will now run for just six...

by admin October 18, 2022
Cost of living: Energy bills for an average household could hit £4,347 a year from April, analysts warn, as universal price guarantee to end
Business

Seven things you need to know about the mini-budget U-turn | Ed Conway

Nearly all the tax cuts announced in the government’s mini-budget are being reversed – here are seven things you need to know about the...

by admin October 18, 2022
Seven things you need to know about the mini-budget U-turn | Ed Conway
Business

Chancellor’s cull of more mini-budget giveaways eases financial market pressures

Financial markets have reacted positively to the new chancellor’s cull of more costly measures in his predecessor’s disastrous mini-budget. Jeremy Hunt revealed in a...

by admin October 17, 2022
Chancellor's cull of more mini-budget giveaways eases financial market pressures
Business

Single fund at asset manager faced ‘knockouts’ without fall in gilt yields

Britain’s financial regulators have identified one remaining fund at an asset manager which would have faced a series of “knockouts” and potential collapse if...

by admin October 17, 2022
Single fund at asset manager faced 'knockouts' without fall in gilt yields
Business

What was in the mini-budget and what has been scrapped?

Just over three weeks ago, then-chancellor Kwasi Kwarteng unveiled his tax-cutting mini-budget to MPs which caused economic turmoil in the UK. Following a dramatic...

by admin October 17, 2022
What was in the mini-budget and what has been scrapped?
Business

Chancellor reverses ‘almost all’ tax cuts in mini-budget and says energy bills support scheme to be scaled back

Jeremy Hunt has revealed he is reversing “almost all” of the tax cuts announced in his predecessor’s mini-budget and is scaling back support on...

by admin October 17, 2022
Chancellor reverses 'almost all' tax cuts in mini-budget and says energy bills support scheme to be scaled back
Business

Pound rebounds in early Asia trading, following Liz Truss U-turn and Jeremy Hunt appointment

The pound has edged a little higher against the dollar in early Asia trading, following PM Liz Truss’s partial reversal of her initial economic...

by admin October 17, 2022
Pound rebounds in early Asia trading, following Liz Truss U-turn and Jeremy Hunt appointment
Business

Unite union boss: Co-ordinated strikes could happen ‘very soon’

Unions are close to organising co-ordinated strike action “very soon” following the “horror story” of the past few weeks, a union boss has told...

by admin October 16, 2022
Unite union boss: Co-ordinated strikes could happen 'very soon'
Business

Interest rate rise will be higher than expected next month, Bank of England chief suggests

Interest rates will have to be raised higher than initially hoped in the face of inflationary pressures, the Bank of England (BoE) governor has...

by admin October 16, 2022
Interest rate rise will be higher than expected next month, Bank of England chief suggests
Business

Trade unions vow to fight government over strike legislation to ‘keep Britain moving’ during strikes

The government is pressing ahead to introduce legislation which will require transport workers to run a minimum service when strikes are taking place. It...

by admin October 16, 2022
Trade unions vow to fight government over strike legislation to 'keep Britain moving' during strikes
Business

Having sealed her chancellor’s fate, the markets could seal the prime minister’s fate

So farewell, then, Trussonomics. The demise of the country’s second shortest-lived chancellor also brings with it the demise of the country’s shortest-lived economic movement....

by admin October 14, 2022
Having sealed her chancellor's fate, the markets could seal the prime minister's fate
Business

Bank of England ceases bond-buying after spending £19.3bn

The Bank of England has purchased £19.3bn of UK government bonds and concluded part of its extraordinary intervention to prevent a collapse in the...

by admin October 14, 2022
Bank of England ceases bond-buying after spending £19.3bn
Business

Government steps up talks to secure gas supplies ahead of winter demand surge

Ministers are in talks with major US-based producers of liquefied natural gas (LNG) in a bid to bolster Britain’s energy security. Sky News has...

by admin October 14, 2022
Government steps up talks to secure gas supplies ahead of winter demand surge
Business

Markets react negatively to Truss speech despite positive response to government U-turn on mini-budget

The financial markets have responded positively to the government’s anticipated U-turn on parts of its massive mini-budget programme of unfunded tax cuts and energy...

by admin October 14, 2022
Markets react negatively to Truss speech despite positive response to government U-turn on mini-budget
Business

Jeremy Hunt made chancellor after Liz Truss sacks Kwasi Kwarteng

Jeremy Hunt has been appointed chancellor after the prime minister sacked Kwasi Kwarteng. Mr Hunt returns to the frontbenches after a few years off,...

by admin October 14, 2022
Jeremy Hunt made chancellor after Liz Truss sacks Kwasi Kwarteng
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