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Business

Cost of living: Shell boss calls on government to tax oil and gas companies to protect poorest

The chief executive of Shell has called on the government to tax oil and gas companies in order to protect the poorest people in...

by admin October 4, 2022
Cost of living: Shell boss calls on government to tax oil and gas companies to protect poorest
Business

Trading in Twitter shares halted as Elon Musk ‘plans to buy social media company for original offer price’

Trading in Twitter shares was halted as the stock spiked following reports that Elon Musk is planning to buy the company for his original...

by admin October 4, 2022
Trading in Twitter shares halted as Elon Musk 'plans to buy social media company for original offer price'
Business

Cost of living: Fuel prices could rise again as oil-producing states ponder output cut

There is a mounting risk that fuel prices could soon begin to rise again as major oil-producing countries ponder a big cut in output....

by admin October 4, 2022
Cost of living: Fuel prices could rise again as oil-producing states ponder output cut
Business

Glacially slow progress on gender equality as 96% of CEOs of Britain’s largest public companies are men

Only 1 in 25 of CEOs in Britain’s largest publicly companies are women, according to a new report. Analysis of senior leadership in the...

by admin October 4, 2022
Glacially slow progress on gender equality as 96% of CEOs of Britain's largest public companies are men
Business

Cost of living: ‘Significant risk’ of UK gas supply emergency, energy regulator warns

The energy regulator has warned the UK is facing a “significant risk” of gas shortages this winter. The information, which was revealed in a...

by admin October 3, 2022
Cost of living: 'Significant risk' of UK gas supply emergency, energy regulator warns
Business

Truss and Kwarteng U-turn on plan for 45p tax rate cut for highest earners

Chancellor Kwasi Kwarteng has confirmed that the government is axing plans to give the wealthiest 1% a tax cut following a bitter backlash from...

by admin October 3, 2022
Truss and Kwarteng U-turn on plan for 45p tax rate cut for highest earners
Business

Cost of living: Price of groceries could go up by £1.7bn as carbon dioxide price surges

The price of groceries could surge by £1.7bn due to the cost of carbon dioxide rising by as much as 3000%, new analysis has...

by admin October 3, 2022
Cost of living: Price of groceries could go up by £1.7bn as carbon dioxide price surges
Business

British Steel’s Chinese owner seeks huge government aid package

The owners of Britain’s second-biggest steel producer are seeking an urgent package of financial support from taxpayers amid renewed fears for thousands of industrial...

by admin October 1, 2022
British Steel's Chinese owner seeks huge government aid package
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
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