Category: News

The UK government’s Insolvency Service today said it recorded a higher number of insolvencies over the past three months than at any other point in more than a decade

Thousands of UK businesses risk “significant delays” to importing goods if they fail to move to the country’s new customs system before autumn, the government has warned.

Household energy bills will remain historically elevated into 2024, revealed Cornwall Insight, meaning the cost of living crisis will not be easing for Brits any time soon.

BP has reported massive profits for the three months to June after oil and gas prices soared.

Liz Truss has said she wants to save taxpayers’ money by scrapping diversity roles and ending national pay deals.

British Airways has suspended ticket sales on short-haul flights from Heathrow until 8 August after the London airport’s decision to cap capacity and tackle widespread disruption and cancellations.

Credit card borrowing in June grew at the fastest rate in nearly 17 years, Bank of England figures show.

The UK has given some of the least generous support to help drivers with high fuel costs among countries in Europe that have taken action, the RAC has said.

Mortgage borrowing rules have been eased after the Bank of England scrapped an affordability test.

Waitrose is removing best-before dates from nearly 500 fresh food products in an effort to reduce food waste.

UK business leaders are slashing investment plans as soaring prices, Brexit trading difficulties and political uncertainty all leave bosses pessimistic about the economic outlook.

Two million “micro-business” owners do not believe they can have a positive impact on targets for a net zero economy, research suggests.

The Bank of England’s monetary policy committee is expected to implement the biggest rate rise in its quarter-century of independence from the Treasury by raising interest rates to 1.75 per cent, up from 1.25 per cent at present.

Energy-intensive businesses soon may have to reduce the hours they operate or ration usage if wholesale prices remain so high, experts have warned.

NatWest is to return £2.1 billion to shareholders and has revealed a surprise increase in profits despite worries about Britain’s inflation-fuelled cost of living crisis.