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Car production falls in UK for ninth month in a row, SMMT data shows – after worst November for industry since 1980

UK car manufacturing fell again in November, the ninth month of decline in a row, according to industry data. A total of 64,216 cars...

by admin December 20, 2024
Car production falls in UK for ninth month in a row, SMMT data shows - after worst November for industry since 1980
Business

Surprisingly low retail sales in key Christmas shopping month – ONS

The UK’s retail sales recovery was smaller than expected in the key Christmas shopping month of November, official figures show. Retail sales rose just...

by admin December 20, 2024
Surprisingly low retail sales in key Christmas shopping month - ONS
Business

Bank of England keeps ‘gradual’ cut prospects alive as interest rate held

The Bank of England has maintained its guidance for “gradual” interest rate cuts next year, following surprise support for an interest rate cut this...

by admin December 19, 2024
Bank of England keeps 'gradual' cut prospects alive as interest rate held
Business

Water bills to rise by average of 36% over next five years, says water regulator Ofwat

Average water bills in England and Wales will increase by 36% over the next five years, the water regulator Ofwat has said. The rise...

by admin December 19, 2024
Water bills to rise by average of 36% over next five years, says water regulator Ofwat
Business

US rate cut will not be matched by Bank of England

The US central bank has announced an interest rate cut, just hours before the Bank of England is tipped to refrain from following suit....

by admin December 18, 2024
US rate cut will not be matched by Bank of England
Business

Rent prices reach record high in England

English rent prices have reached another record high, growing by close to 10% in the past year, official figures show. The typical private rental...

by admin December 18, 2024
Rent prices reach record high in England
Business

Inflation rises for second month in a row

Inflation has risen for the second month in a row, according to official figures. The overall rate of price rises – as measured by...

by admin December 18, 2024
Inflation rises for second month in a row
Business

Spending calculator: Which prices are rising and falling fastest?

Inflation has risen for the second month in a row to 2.6% in November. Today’s percentage is above the Bank of England’s 2% target...

by admin December 18, 2024
Spending calculator: Which prices are rising and falling fastest?
Business

Avanti West Coast staff to strike on New Year’s Eve

Avanti West Coast staff are set to strike after rejecting a deal aimed at resolving a dispute over rest day working. Train managers will...

by admin December 18, 2024
Avanti West Coast staff to strike on New Year's Eve
Business

Compensating Waspi women would ‘burden’ the taxpayer, Sir Keir Starmer says

Sir Keir Starmer has defended a decision not to compensate women affected by changes to their retirement age – saying doing so would “burden”...

by admin December 17, 2024
Compensating Waspi women would 'burden' the taxpayer, Sir Keir Starmer says
Business

Victims of Post Office Capture accounting software scandal ‘to be offered compensation’ – minister

The government will offer compensation to Post Office Capture victims – while refusing to rule out blanket exoneration for those convicted. In an exclusive...

by admin December 17, 2024
Victims of Post Office Capture accounting software scandal 'to be offered compensation' - minister
Business

Wages rising sharply and faster than expected after a year of slowing

Wages are rising far faster than expected after a year of slowing, official figures show. Average pay rose sharply, by 5.2%, in the three...

by admin December 17, 2024
Wages rising sharply and faster than expected after a year of slowing
Business

Thames Water seeks court approval for emergency bailout

Thames Water is seeking High Court approval today for a £3bn emergency loan to keep the troubled utility afloat, in a crucial 48-hours for...

by admin December 17, 2024
Thames Water seeks court approval for emergency bailout
Business

Who is ‘Czech Sphinx’ and new Royal Mail boss Daniel Kretinsky?

Daniel Kretinsky is becoming the new man in charge of the Royal Mail. The takeover of Royal Mail by his EP Group has been...

by admin December 16, 2024
Who is 'Czech Sphinx' and new Royal Mail boss Daniel Kretinsky?
Business

Five charts that explain why water bills are about to go up

This is a crucial week for the water industry. Regulator Ofwat will on Thursday give its “final determination” on how much bills will rise...

by admin December 16, 2024
Five charts that explain why water bills are about to go up
Business

Sale of Royal Mail to Czech billionaire Daniel Kretinsky to be announced this morning

The sale of Royal Mail to Czech billionaire Daniel Kretinsky has been approved. Mr Kretinsky‘s company EP Group will buy the postal service’s parent...

by admin December 16, 2024
Sale of Royal Mail to Czech billionaire Daniel Kretinsky to be announced this morning
Business

Grant Thornton partners back stake sale to buyout firm Cinven

UK-based partners at Grant Thornton, the accountancy firm, have voted to back the sale of a majority stake to Cinven, the private equity firm....

by admin December 15, 2024
Grant Thornton partners back stake sale to buyout firm Cinven
Business

NatWest to hike chief’s pay as bank returns to full private ownership

NatWest Group is to hand its chief executive a potential multimillion pound pay boost as it returns to full private ownership after nearly 17...

by admin December 14, 2024
NatWest to hike chief's pay as bank returns to full private ownership
Business

UK economy shrinks again in October, official figures show

The economy remained in reverse gear during October, according to official figures covering the month ahead of the government’s first budget. The Office for...

by admin December 13, 2024
UK economy shrinks again in October, official figures show
Business

How climate change and red tape could be jeopardising UK access to affordable food

It might be tempting, given how much coverage has focused on it recently, to assume the forthcoming changes to the inheritance tax regime are...

by admin December 13, 2024
How climate change and red tape could be jeopardising UK access to affordable food
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