Category: News

Despite the cost-of-living crisis, salaries have dropped since Covid, with the initial uptick in economic activity in 2020 failing to line the pockets of UK staff.

The EU executive plans to raise about €140bn (£121bn) by imposing windfall taxes on energy companies’ “abnormally high profits” and redirecting proceeds to households and businesses struggling with soaring bills.

The John Lewis Partnership slumped to a first half loss of £99m largely driven by soaring inflation which prompted customers to spend less in its stores.

Businesses will learn next week about how the government will help them to navigate the energy crisis.

European countries can withstand Russia’s gas cuts this winter as supply headaches may have been “successfully solved”, according to analysis by a leading US bank.

Center Parcs has backtracked over a decision to ask guests to leave its sites on the day of the Queen’s funeral.

Inflation in the UK eased slightly in August, falling to an annual rate of 9.9% from 10.1% in July, easing the pressure on households somewhat – but remained close to the highest rate in 40 years.

Talks between Joules and Next over a £15 million equity investment in the struggling clothing and homeware retailer have ended, sending its shares down to fresh lows.

Just over 3,000 solar installations are being carried out every week, according to trade association Solar Energy UK, up from 1,000 a week in July 2020.

The number of workers experiencing long-term sickness reached a record high of 2.5 million in July, even as unemployment dropped to levels last seen in 1974.

A new eight-day strike looms over pay at the UK’s largest container port, Felixstowe, threatening further disruption to imports as retailers stock up before Christmas.

Aldi has surpassed Morrisons to become Britain’s fourth largest supermarket chain as shoppers increasingly turn to discounters amid soaring food prices.

The UK’s unemployment rate has decreased slightly over the past three months, hitting 3.6 per cent.