Category: News

Rishi Sunak’s government is “going backwards” on building a greener economy and lacks a growth plan to soften the blow from recession, the head of the UK’s leading business lobby group has said.

More than half of all Londoners have either started their own business or aspire to do so in 2023, compared to nearly a third of people overall across the UK.

Fears over bird flu and the cost of living crisis could impact free-range turkey sales, farmers have warned, as growing numbers turn to supermarkets for frozen birds this Christmas.

The John Lewis Partnership has struck a £500m deal with the investment firm Abrdn to build 1,000 residential rental homes, redeveloping three sites already owned by its Waitrose and eponymous retail store chains.

Barclays has been fined £8.4 million by the payments industry watchdog for failing to be transparent with retailers about the fees they were being charged to use its card services.

Ministers have called on Britain’s biggest rail union to be “altruistic” and suspend strike action over Christmas and new year amid warnings that it will cost the economy more than £1.7 billion.

Ministers will make it harder for new properties to be turned into holiday homes under plans to see off a Tory rebellion on planning rules.

Further train strikes have been announced by rail staff, stoking fears of severe travel disruption for millions of passengers over the festive period as the transport system is struck by widescale industrial action.

The Swedish fast-fashion chain H&M is to cut 1,500 jobs across its global operations as part of efforts to save 2bn Swedish Kroner (£158m) a year, amid slowing sales and rising costs for clothing retailers.

Elon Musk’s satellite Starlink technology is to be part of a UK government trial to get better internet connectivity to remote parts of the country.

Two new surveys have recorded sharp falls in business confidence as the uncertain economic outlook causes companies to become more pessimistic.

A small number of London-based derivatives traders at Goldman Sachs are to move to Milan in a further sign of the steady trickle of City workers relocating into the European Union following Brexit.

EasyJet is to increase fares by more than 20 per cent and even higher at peak Christmas holiday times as the airline attempts to claw back losses totalling more than £2 billion.

The struggling discount chain Wilko has warned it could run out of money if it is unable to secure additional financing by the end of next year.