Business

The European Central Bank (ECB) has hiked its key interest rates by an unprecedented 75 basis points, signalling that further rises are likely. On...

A typical household will pay no more than £2,500 annually for its gas and electricity bills from the start of October, Prime Minister Liz...

An unprecedented intervention in the energy market will shield households, businesses and public sector organisations from the worst of the surge in wholesale gas...

Primark has ruled out further price increases “beyond those already actioned and planned”, in a bid to protect sales in the tough economy. The...

Apple has launched the iPhone 14 as its “most advanced” smartphone yet – with longer battery life and a series of camera upgrades. Its...

The British pound has hit its lowest level against the US dollar in almost four decades. Just after 2pm on Wednesday, sterling fell to...

The governor of the Bank of England has told MPs he welcomes the prospect of a “clear policy stance” on tackling the surge in...

The bosses of Britain’s biggest banks will hold talks with the new chancellor on Wednesday as he tries to exert a grip on the...

A cap on wholesale gas costs to freeze energy bills is being finalised by the government as it moves to shield households and businesses...

Russia’s decision not to resume gas flows through the main Nord Stream 1 pipeline to Germany has prompted a surge in wholesale costs, intensifying...

Liz Truss will go “bigger than expected” on energy after becoming the new prime minister on Tuesday, Sky News understands. The foreign secretary has...

Britain’s biggest water utility is working on plans to raise additional funding just weeks after unveiling plans to tap shareholders for £1.5bn in new...

Bus journeys in England will be capped at £2 between January and March next year to help people deal with the rising cost of...

The government has extended a national security probe into the fire-sale of a leading British mobile phone technology provider whose owners include Roman Abramovich....

Waitrose has admitted to blocking rivals from opening supermarkets in close locations for close to a decade, according to the market watchdog. During an...

The chancellor is preparing a multibillion-pound package of tax cuts to help businesses struggling with soaring energy costs. Nadhim Zahawi is drawing up emergency...

The UK will enter recession before the end of this year, with growth expected to be weak into 2024. That is the latest forecast...

The soaring US dollar has pushed the pound to its biggest monthly fall since October 2016. The pound shed 4.6% in August, having lost...

British households are on course for the deepest living standards squeeze in a century, with real household disposable incomes expected to fall by 10%...