bbc business news
- Business
Rishi Sunak under pressure to accelerate anti-strike legislation
Rishi Sunak is under pressure from Tory MPs to accelerate new strike-busting legislation, as Britain faces the biggest wave of…
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Banks save FTSE from big falls as global stocks drop
T he damage caused to the FTSE 100 by falls in the share prices of the UK’s biggest utility companies…
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UK risks food supply crisis, farmers’ leader warns
The UK risks food supply disruption as multiple farming sectors shrink amid skyrocketing costs and labour shortages, the country’s largest…
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The business jargon that is killing the economy
“ Circling back,” “synergy” and “moving the needle.” Just a few examples of the language creeping more and more into…
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Hosepipe ban lifted in Yorkshire despite county remaining in drought
A water company which supplies more than five million households is ending the hosepipe ban it introduced at the height…
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Watchdog finds evidence of ‘rocket and feather’ fuel prices
D rivers have been the victim of “rocket and feather” pricing by fuel retailers this year, the competition watchdog has…
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Stronger rules proposed to protect people from rogue financial promotions
M easures to clamp down on unfair or misleading financial marketing have been proposed by the City regulator. The Financial…
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Water firms failing to meet agreed investment in networks – Ofwat
W ater firms are failing to invest as much as they promised to fix their networks, including improving sewage treatment…
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Pub firm Marston’s cheers Christmas and World Cup sales boosts
T he boss of Marston’s has hailed “encouraging” Christmas bookings despite cost-of-living pressures on customers, and has said the pub…
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Rail union clashes with Government over strikes before Christmas
R ail union chief Mick Lynch has been urged by ministers not to “hold the country to ransom” with strikes…
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City’s £1 trillion a day traders give it up for charity
T OMORROW is the 30th ICAP Charity Day, a rare occasion when one of the most cut-throat industries in the…
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‘Who is going to buy?’ UK set to unleash historic debt deluge
Investors are preparing for the UK government to unleash a “cataclysmic” flood of debt sales over the next few years,…
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Soaring cost of infant formula leading to ‘unsafe feeding practices’, charities warn
I ncreasing numbers of vulnerable families will be forced to resort to unsafe feeding practices due to the soaring cost…
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UK consumers tighten belts before Christmas as cost of living bites
UK consumers are tightening their belts in the run-up to the festive period, according to new data that showed retail…
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Rail industry enters last-ditch talks to avoid UK Christmas disruption
British rail unions and train operators held last-ditch talks on Monday aimed at avoiding pre-Christmas strikes, after the rejection of…
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Companies to hear about energy bill support before year end
C ompanies will know about the future of the support they will get on their energy bills by the end…
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Thames Water warns of threat from inflation and climate change
Thames Water warned it was under pressure from rising inflation as higher energy, chemicals, labour and borrowing costs weighed on…
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PwC to shut majority of offices over Christmas to save energy
A ccountancy giant PwC is shutting most of its offices over Christmas and New Year for the first time to…
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The pound’s remarkable rally from record lows takes it past $1.23
T he pound is on the up on international currency markets, taking it its strongest level against the dollar in…
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The digital divide is wider than ever during the cost of living crisis
C onnectivity runs through every facet of our daily lives. It connects us to loved ones, to workplaces, to essential…
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How an extended ‘crypto collapse’ could burnish gold prices in 2023
December is the time of year when City experts are on the look out for potential surprises in the year…
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London fintech Zopa bucks layoff trend with new hiring and pay hike
L ondon fintech unicorn Zopa has bucked the trend of layoffs sweeping across the tech sector as it vowed to…
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Shein admits factory working hour breaches and pledges £12m to overhaul sites
C hinese fashion retailer Shein has vowed to invest 15 million US dollars (£12.2 million) in improving standards at its…
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Service sector continues to contract despite change in government, survey shows
T he UK’s difficult economic performance has remained unchanged after the change of government even though markets calmed, experts said…
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Thames Water reports £400 million profit
T hames Water reported first-half profit of almost £400 million pounds today, made at a time when the number of…
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Air fryers can be three times cheaper than ovens, according to Which? research
A ir fryers can be up to three times cheaper to run than traditional ovens, according to research by consumer…
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Shelter workers begin strike over pay
M ore than 600 workers at the housing and homeless charity Shelter are beginning an unprecedented fortnight of strike action…
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Coffinmakers in Glasgow take further strike action and warn of more to come
C offinmakers at the Co-op’s only UK coffin factory will take further strike action from Monday in an ongoing dispute…
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UK employees to be given more flexible working rights
UK employees will have the right to ask for part-time hours or homeworking arrangements from the first day of a…
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UK strikes play into Putin’s hands, claims Tory chairman
Nadhim Zahawi, Tory party chairman, has infuriated UK unions and political opponents by claiming that workers going on strike in…
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Troops on stand-by as ministers prepare for strikes across public services
H undreds of troops are on stand-by to cover for ambulance crews, firefighters and Border Force staff as ministers prepare…
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Just Stop Oil activists lie in Harrods bed as fuel poverty protests sweep UK
J ust Stop Oil activists tucked themselves into a Harrods display bed as part of fuel poverty protests sweeping the…
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Macron and Musk meet for ‘honest discussion’ amid Twitter hate speech concerns
While visiting the United States on Friday, the French leader posted a photo on Twitter of his encounter with the…
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‘Tax penalty’ risks keeping polluting cars on the road longer – analysis
D rivers of used electric vehicles face a “tax penalty” that could keep older, polluting cars on the road for…
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Nurses strikes could hit A&E services in England, Wales and Northern Ireland
British hospital leaders are holding intensive talks with local union officials to try to limit the impact of strikes on…
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UK rail groups prepare for weekend talks over pre-Christmas strikes
UK rail unions and train operators are preparing for possible weekend talks aimed at averting looming pre-Christmas strikes after both…
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Nursing union sets out list of services protected from strike action
T he Royal College of Nursing has set out a list of services that will be protected from strike action…
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More railway strikes called as dispute continues
A railway workers union has served notice for strike action at a further six train operating companies and Network Rail…
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FCA issues first fine in British Steel pension mis-selling scandal
UK regulators have imposed their first fine in a mis-selling scandal over British Steel workers’ pensions, ordering a financial adviser…
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Eyes on Frasers Group sales as Sports Direct owner faces cost-of-living pressure
S port Direct owner Frasers Group will be hoping to reveal continued strong sales momentum next week despite pressure on…
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Royal Mail told it cannot keep blaming Covid for late deliveries
R oyal Mail has been told it cannot continue to blame Covid for late deliveries – after it missed key…
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How much of a pay rise do you need to keep up with inflation?
J ames is hard to like. It’s bad enough that he earns so much. Indeed, as a high flyer in…
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What pay increase do you need to keep up with inflation?
J ames is hard to like. It’s bad enough that he earns so much. Indeed, as a high flyer in…
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John Lewis reveals £500m deal to build 1,000 new rental homes
T he John Lewis Partnership’s nine-year ambition to diversify away from the difficult retail sector has come a step closer…
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Shopper footfall decline ‘dreich’ for Scottish retailers, industry warns
S hopper numbers in Scotland have slumped by 15% compared to pre-pandemic levels, new figures show. The data for November…
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Average insurance premium paid by motorists increases
T he average premium paid by customers for private motor insurance in the third quarter of this year was 2% higher…
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Around half of consumers plan to cut back on festive spending, figures show
A lmost half of consumers say they plan to cut back on festive spending this year as an estimated 2.2…
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RMT boss and Holyrood transport minister urge UK Government to help end strikes
R ail union boss Mick Lynch and Scotland’s transport minister have urged Westminster to step in to help avoid strikes…
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Failure to meet teacher training targets set to hit English schools
Teacher training recruitment in schools in England is falling far short of target levels, according to government data, with analysts…
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UK inflation expectations have eased, business survey finds
UK businesses expect their selling prices to rise at their lowest pace since the start of the Ukraine war, according…
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