Category: News

July could be the “lull before the storm” for retailers and consumers after the heatwave boosted sales of summer clothing, picnic treats and electric fans despite the intensifying cost of living crisis, experts have warned.

The Bank of England will probably have to raise interest rates further from their current 14 year-high to tackle inflationary pressures that are gaining a foothold in Britain’s economy, its deputy governor, Dave Ramsden, has said.

Intel has called on the government to lay out a strategy for the semiconductor industry and not miss out on inward investment.

Boris Johnson has no plans to introduce big tax and spending measures before he leaves office to ease the cost-of-living crisis, Downing Street has said.

With credit card borrowing growing at its fastest pace since 2005, new analysis shows that last month average rates on credit cards hit their highest level since 1998.

British consumers could face even higher bills and potential energy shortages this winter after Norway threatened to ration electricity exports.

Debt repayments, staff shortages and rising energy bills have pushed almost two-thirds of the UK’s top 100 restaurants into the red, according to research that reveals the impact of the pandemic, Brexit and the cost of living crisis on the hospitality sector.

A growing number of charities are sending fundraisers door to door to capitalise on the rise in people working from home.

The world’s richest man Elon Musk has been urged to construct a Tesla plant in North East England, after the electric vehicle giant revealed ambitions to build a dozen new factories worldwide.

Crypto companies have spent $2.4bn (£1.9bn) globally over the last year and a half on sports sponsorships as they splurge on marketing.

One in three UK SMEs say their survival is dependent on accessing finance by the end of the year, according to new research.

The average energy bill is set to climb to nearly £4,000 a year from January as gas prices continue to push upwards, new analysis has shown.

Next is in talks to take a £15m stake in the struggling high street retailer Joules.

Demand for services that provide workers with an advance on their pay is soaring.