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Business

Higher interest rates could be good news for young people, thinktank says

Consistently high interest rates could benefit young people – lowering house prices and making saving into pensions easier, a thinktank says. The Resolution Foundation...

by admin July 17, 2023
Higher interest rates could be good news for young people, thinktank says
Business

Lord Coe’s sports agency sprints towards takeover by Wasserman

The sports marketing agency where Lord Coe, one of Britain’s most famous Olympians, has spent more than a decade is close to changing hands...

by admin July 17, 2023
Lord Coe's sports agency sprints towards takeover by Wasserman
Business

Searchlight in talks to take London-listed Gresham House private

Gresham House, a London-listed asset manager which invests in sectors including forestry and battery storage, is in talks about a private equity takeover. Sky...

by admin July 16, 2023
Searchlight in talks to take London-listed Gresham House private
Business

Joining Indo-Pacific trade bloc could only boost UK GDP by £1.8bn – and no deal with US anytime soon

The government has signed an agreement to join an Indo-Pacific trading bloc, although the estimated benefit could only be £1.8bn in GDP. In announcing...

by admin July 16, 2023
Joining Indo-Pacific trade bloc could only boost UK GDP by £1.8bn - and no deal with US anytime soon
Business

Treasury poised to shelve crackdown on ‘buy now pay later’ sector

The government is poised to shelve plans to crack down on Britain’s fast-growing ‘buy now pay later’ (BNPL) industry amid Whitehall concerns that it...

by admin July 15, 2023
Treasury poised to shelve crackdown on 'buy now pay later' sector
Business

‘They are holding £15,000 – I basically can’t afford food’: Etsy sellers claim platform is imposing 75% reserves on their sales

Etsy, the global online marketplace used by millions, is facing claims from sellers it has been withholding thousands of pounds from small businesses by...

by admin July 15, 2023
'They are holding £15,000 - I basically can't afford food': Etsy sellers claim platform is imposing 75% reserves on their sales
Business

One in 20 adults ran out of food and couldn’t afford more, ONS data shows.

Young adults and renters are some of the people worst hit by rising prices as official figures show around one in 20 said they...

by admin July 14, 2023
One in 20 adults ran out of food and couldn't afford more, ONS data shows.
Business

OpenAI’s ChatGPT under investigation by Federal Trade Commission

The US competition watchdog has launched an investigation into the creator of artificial intelligence (AI) chatbot ChatGPT. The Federal Trade Commission (FTC) has begun...

by admin July 14, 2023
OpenAI's ChatGPT under investigation by Federal Trade Commission
Business

Gatwick Airport staff to strike at start of summer holidays

Almost 1,000 workers at Gatwick Airport, including baggage handlers and check-in staff, will stage eight days of strikes from later this month. Staff will...

by admin July 14, 2023
Gatwick Airport staff to strike at start of summer holidays
Business

Young adults and renters among worst hit by cost of living crisis

Young adults and renters are some of the groups of people worst hit by rising prices, official figures show. Those aged 25 to 34...

by admin July 14, 2023
Young adults and renters among worst hit by cost of living crisis
Business

King’s coronation weighs on economy as output contracts by 0.1% in May

The economy contracted in May as the additional public holiday for the King’s coronation weighed on output, according to official figures. Data from the...

by admin July 13, 2023
Young adults and renters among worst hit by cost of living crisis
Business

Almost one million households face £500 a month mortgage hike, Bank of England warns

Nearly a million mortgage holders around the country will see their monthly repayments jump by £500 or more in the coming years, the Bank...

by admin July 12, 2023
Almost one million households face £500 a month mortgage hike, Bank of England warns
Business

Liz Truss launches ‘Growth Commission’ – as first report claims Britons are £10,000 worse off than Americans

A new economic organisation, set up by Liz Truss, will launch on Wednesday, with a report claiming the average British person is £10,000 worse...

by admin July 12, 2023
Liz Truss launches 'Growth Commission' - as first report claims Britons are £10,000 worse off than Americans
Business

Rishi Sunak hints no tax cuts before next election – as he admits by-elections will be ‘challenging’

Rishi Sunak has hinted there will be no tax cuts on offer from the government before the next general election, as his party faces...

by admin July 12, 2023
Rishi Sunak hints no tax cuts before next election - as he admits by-elections will be 'challenging'
Business

Royal Mail strikes end as postal workers vote to accept pay deal

The dispute between Royal Mail and staff represented by the Communication Workers Union (CWU) has officially come to an end after months of bitter...

by admin July 11, 2023
Royal Mail strikes end as postal workers vote to accept pay deal
Business

Fixed mortgage rates now higher than those under Liz Truss’s government

The average two-year fixed mortgage rate now being demanded of borrowers has climbed above the levels seen last year when financial markets baulked at...

by admin July 11, 2023
Fixed mortgage rates now higher than those under Liz Truss's government
Business

Competition watchdog to reopen talks with Microsoft over Activision Blizzard merger

The UK competition watchdog is ready to reopen talks with Microsoft after the company agreed to halt legal proceedings over its planned merger with...

by admin July 11, 2023
Competition watchdog to reopen talks with Microsoft over Activision Blizzard merger
Business

Wage growth was 7.3% from March to May in blow to Bank of England

The pace of wage growth, already described as “unsustainable” by the governor of the Bank of England, has risen further, according to shock official...

by admin July 11, 2023
Wage growth was 7.3% from March to May in blow to Bank of England
Business

Fixed mortgage rate at 2008 high after exceeding mini-budget peak

The average two-year fixed mortgage rate being demanded of new borrowers has climbed above the levels seen last year when financial markets baulked at...

by admin July 11, 2023
Fixed mortgage rates now higher than those under Liz Truss's government
Business

Bank of England governor believes inflation will still come down ‘markedly’ this year

Inflation will fall “markedly” over the rest of the year, says the Bank of England’s governor. The rate of price increases will come down...

by admin July 11, 2023
Bank of England governor believes inflation will still come down 'markedly' this year
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