Category: News

Monzo has been censured by the competition watchdog after the digital bank failed to provide thousands of customers who were closing accounts with copies of their transaction histories.

Gas prices in Britain surged yesterday to highs not seen since March after Russia further curtailed supplies to Europe, just as European Union leaders agreed a weakened emergency plan to curb demand.

More shoppers are using “buy now, pay later” deals and the number of missed repayments has quadrupled in a year.

British Airways pilots are threatening to strike as passengers look set to face more holiday chaos as the summer of discontent continues.

Economic recovery in the manufacturing sector faltered in the second quarter as growth in demand slowed by more than expected.

Home improvement giant Wickes registered strong sales for the first half of 2022, but has reined in its expectations for the second half due to economic uncertainty. 

Household disposable income fell by a record £44 a week in June, marking its eighth consecutive month of decline as the cost of living crisis intensifies.

Millions of households will need more cash from the government to prevent them falling into hardship as energy bills soar to more than £3,200 a year this winter, MPs have warned.

Aldi has raised pay for shop workers for the second time in a year in the latest sign of the intense competition for workers in the UK.

Growth in UK factories’ order books and output has slowed to its weakest in 18 months as cost pressures, supply bottlenecks and softer demand hit British industry.

The UK’s Insolvency Service has begun using new powers, given to it last December, to crack down on company directors that dissolve their firms to avoid making repayments on government backed loans.

A hard-line immigration policy risks tightening the labour market further and choking off economic growth in the capital, a top London business body has warned Tory leadership contenders.

As the cost of living crisis continues, over 30m Brits have been forced to seek an additional source of income due to the pinch on their finances.

The number of restaurants falling into insolvency has increased by more than 60% in the past year amid worker shortages and the cost of living crisis, which has forced customers to cut back on spending.

The number of jobs being advertised offering bonuses has more than doubled since the start of last year, as employers seek to fill staff shortages without committing to inflation-proof pay rises.bailey