Business
-
Brexit ideology lies behind the UK’s market rout
It is the Bank of England’s failure to raise rates further. No, wait, it’s really all about Fed tightening and…
Read More » -
Rail passengers urged only to travel if necessary on strike days
R ail passengers are being urged only to travel if necessary on Saturday because of a strike by workers in…
Read More » -
Money management and cleaning ‘among tasks people are most likely to put off’
M ore than half (51%) of people admit they procrastinate instead of acting on tasks that need doing, a survey…
Read More » -
Betfred fined almost £2.9m over gambling safety and money laundering failings
G ambling giant Betfred has been fined almost £2.9 million over social responsibility and money laundering failings, the gambling watchdog…
Read More » -
UK warned of economic ‘doom loop’ as market turmoil rages on
T he pound resumed its slump and shares tumbled today as some forecasters warned of a “doom loop” that could…
Read More » -
Lego sales surge but profits held back by rising costs
D anish toy giant Lego has notched up a double-digit hike in half-year sales, but saw profits slip back due…
Read More » -
FTSE Live: : Bank of England intervenes to calm UK debt market
Supermarkets spooked by food inflation figures: market round up Alarm bells rang over some of the London market’s best-known high…
Read More » -
Bank of England to buy bonds again (temporarily, natch)
After yet another pukey day for the UK government bond market, the Bank of England has had enough, and has…
Read More » -
Chancellor Kwasi Kwarteng bids to reassure markets after IMF rebuke
K wasi Kwarteng will step up efforts to reassure the City about his economic plans after the International Monetary Fund…
Read More » -
Liz Truss’s allies hit back at IMF
Allies of Liz Truss and Kwasi Kwarteng have hit back at the IMF’s biting attack on last week’s borrowing and…
Read More » -
Fears of a Labour government caused market turmoil, claims Tory peer
A n influential Conservative peer and former Brexiteer has suggested the market chaos of recent days has been driven by…
Read More » -
Shepherd Neame boss warns further price increases ‘likely’ due to inflation
T he boss of brewer and pub group Shepherd Neame has warned that further increases to the price of a…
Read More » -
Shrinking the state works in theory, but not in practice
This article is an on-site version of our Inside Politics newsletter. Sign up here to get the newsletter sent straight…
Read More » -
Pound retreats again and FTSE tumbles after IMF’s stinging criticism of UK plans
T he pound has taken another hammering while London’s blue chip share index slumped into the red after the UK…
Read More » -
FTSE Live: London stocks fall on fresh inflation woes, pound back below $1.07
1664349808 Banks and high street stocks take toll on FTSE 100 as inflation fears deepen London’s main stock market index…
Read More » -
Boohoo warns on profits after sales slide
S hares in embattled online fashion retailer Boohoo tanked 6.4% in early trading this morning after the company sounded the…
Read More » -
Boohoo sales fall to continue as cost-of-living drags on customer demand
B oohoo has revealed that sales tumbled by a 10th over the past six months and expects them to keep…
Read More » -
Pay down the mortgage or invest?
The growing prospect of 5 per cent or even 6 per cent mortgage interest rates in the UK means that…
Read More » -
The EV battery race: inside the struggles of Britishvolt
When Britishvolt was formed three years ago with the ambitions of spearheading the UK’s battery industry, it had nothing: no…
Read More » -
Where this UK mortgage meltdown will really bite
Typical. You take care of one cost of living shock and another turns up to take its place. The extreme…
Read More » -
Badenoch sets sights on US investment in first visit as Trade Secretary
K emi Badenoch will hail the “special relationship” between the UK and the US when she travels to New York…
Read More » -
Only 11% ‘entirely trust’ UK Government for financial advice, survey finds
O nly 11% people would “entirely trust” the UK Government as a source of financial advice or guidance, research has revealed.…
Read More » -
Patients cut back on medicine, food and heating due to soaring costs – charities
H ealth charities have warned that the cost-of-living crisis is leading to patients cutting back on medicine, heating and food.…
Read More » -
Shoppers hit with record 10.6% food inflation – BRC-NielsenIQ
F ood inflation has hit its highest rate on record, with shoppers now paying 10.6% more than they were a…
Read More » -
Kwarteng seeks to calm City nerves after IMF urges a change of course
K wasi Kwarteng will step up efforts to reassure the City about his economic plans after the International Monetary Fund…
Read More » -
UK in ‘difficult’ talks over greater access to India’s financial sector
UK negotiators have the “difficult” task of winning greater access to the Indian market for financial companies in a trade…
Read More » -
IMF criticises Government tax plan saying it will ‘likely increase inequality’
T here is international pressure on Kwasi Kwarteng to change course after his mini-budget spooked the markets with its package…
Read More » -
Is Britain now in a full-blown economic crisis?
Since UK chancellor Kwasi Kwarteng unveiled his “mini” Budget involving £45bn of debt-financed tax cuts last Friday, sterling has fallen…
Read More » -
Royal Mail workers to strike for 19 more days in October and November
R oyal Mail workers are to stage a further 19 strikes in the next two months in a deteriorating dispute…
Read More » -
Pound sterling: a pity parity
A couple of weeks ago, Alphaville wrote that sterling looked doomed, with dollar parity seemingly inevitable in the next few…
Read More » -
Bank ‘should hold emergency meeting’ amid the threat of a further pound plunge
T he Bank of England should consider holding an emergency meeting and look to act “promptly and forcefully” on interest…
Read More » -
How prepared are you for a financial curveball?
I f you have a browse through your direct debits to insurance companies, what’s on the list? Home, car and…
Read More » -
Jump in mortgage rates threatens UK property price crash
More than 2mn households in the UK face sharp rises in their mortgage costs over the next two years, dramatically…
Read More » -
Sunak supporters express alarm at tax-cutting plan amid market turmoil
P rominent supporters of Rishi Sunak have issued stark warnings about the Government’s economic strategy, echoing some of the concerns…
Read More » -
Starmer puts publicly-owned energy firm at heart of plan to restore hope to UK
S ir Keir Starmer promised a new state-owned energy firm to help build a “fairer, greener, more dynamic nation” as…
Read More » -
Cost-of-living crisis could reverse over-50s ‘great resignation’, survey shows
T he “great resignation” sparked by Covid could be reversing due to the cost-of-living crisis, new data has found. The…
Read More » -
FTSE closes below 7,000 for first time in six months after late drop
T he FTSE 100 closed below 7,000 points for the first time since March after a late afternoon crash pushed…
Read More » -
Starmer promises to restore ‘sense of collective hope’ after Tory turmoil
S ir Keir Starmer said he could make Britain “stand tall again”, promising a new state-owned energy firm to help…
Read More » -
Billionaire Bankman-Fried’s FTX snaps up bankrupt crypto firm Voyager Digital assets
B illionaire Sam Bankman-Fried’s crypto exchange FTX has agreed to take on the assets of broker Voyager Digital after it…
Read More » -
The rise and fall of Sir Philip Green, a retailing king who fell from grace
“You f**cking onion, don’t you f***ing get it?” It could only be Sir Philip Green on the phone. The negative…
Read More » -
Sir Keir Starmer pledges publicly-owned energy company
A Labour government will create a publicly-owned energy company within its first year in office, Sir Keir Starmer has announced.…
Read More » -
Eurostar raises prices as it struggles with Brexit border controls
Eurostar has been forced to raise prices and slash services to focus on its most profitable routes as it struggles…
Read More » -
Scotland’s Deputy First Minister says he will not replicate ‘reckless’ tax cuts
T he Scottish Government will not replicate the Conservatives’ “reckless” tax cuts, Deputy First Minister John Swinney has said. Mr…
Read More » -
Liz Truss U-turns on chief of staff employment terms
The UK prime minister’s chief of staff will be paid directly by the government rather than a private consultancy, in…
Read More » -
What does shorting the pound mean? Labour urges investigation
There have been reports that some hedge-fund bosses made huge profits by betting that the pound would fall following Chancellor…
Read More » -
Londoners donate half a million meals to food banks via Deliveroo partnership
G enerous Londoners have given enough money to provide more than 530,000 meals to food banks via a partnership with…
Read More » -
Why the UK cannot intervene to prop up sterling
Wary of appearing panicked by sterling’s nosedive, the Bank of England has only said it is “monitoring developments” and hinted…
Read More » -
Pound steadies as Kwarteng heads for emergency meetings with banks
T he pound steadied and the bond market held firm today, easing fears of a currency crisis following yesterday’s spectacular…
Read More » -
Where does the Government borrow money from and how much debt is the UK in?
L iz Truss’s government is cutting taxes instead of raising them, which is expected to cost billions. Industry estimates suggest…
Read More » -
Upper Crust owner SSP Group raises earnings expectations amid travel recovery
U pper Crust and Millie’s Cookies owner SSP Group has said the recovery of business and commuter travel and a…
Read More »
