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2m London house prices climb despite increasing cost of borrowing
23 September 2022 What does the stamp duty cut mean for house prices?
23 September 2022 Stamp duty cut ‘could spectacularly backfire’ first-time buyers warned
Business
Economy
2m

Why is the pound dropping against the dollar?

The new rate marks the lowest the pound has been since decimalisation

Business News
3m

EasyJet to invest in new planes and optimise descents to reach net zero

EasyJet has unveiled a plan to reach net zero carbon emissions by 2050.
Business News
4m

UK economy to grow slower than previously predicted in 2022, says OECD

The influential economic body also forecast that GDP will stay completely flat in 2023 in the UK.
Business

Boss of jewellery firm Astrid & Miyu inspired by ‘magical’ shopping

Connie Nam focused on her love of jewellery after a career in investment banking left her “burnt out”

Money

Bank closures ‘increase demand for cash deposit services at Post Offices’

The research also found bank closures did not result in people switching to digital payments and banking services.
Money

One in seven people ‘dealing with the cost-of-living crisis with no savings’

With a third of people relying on their savings to get by, UK Savings Week aims to help those who can to get into a better savings habit.
Business News

Gymfinity Kids clubs chain seeks to triple venues after £5m cash boost

Gymfinity Kids has said it plans to grow to at least 24 venues as part of its growth strategy.
Business News

Labour pledges to use state-owned investment fund to ‘build British industry’

Shadow chancellor Rachel Reeves will set out the policy at the party conference.
Business News

Labour should be bold on energy policy, union boss says

Unite general secretary Sharon Graham called for renationalisation of energy companies.
Business News

SNP calls on Truss to match £500m Just Transition Fund

The party said it would be ‘extremely reckless’ to dismiss the future of renewables.
Business News

Government dismisses criticism of tax cuts as ‘politics of envy’

Chancellor Kwasi Kwarteng’s tax-slashing programme has come under fire for mainly benefiting the rich.
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Business News

The pound is dropping – What will it mean for Britons?

Sterling hit its lowest for 37 years on Friday after the Chancellor’s mini-budget.
Business News

Chancellor on collision course with unions over strikes

Kwasi Kwarteng told the Commons it is ‘unacceptable’ that strike action is causing so much disruption.
Business News

Markets plunge in ‘worst day ever’ after mini-budget

Sterling repeatedly fell to new 37-year lows against the dollar during the day, slowly edging towards its all-time trough.
Business

Smiths Group shares lead small band of FTSE 100 gainers

Engineering group also ups its forecast as order book stays strong despite supply chain “challenges”

Business News

Government gives green light for onshore wind farms in England

There has been a practical ban on building new wind farms in England since 2015

Business

West End bosses give warm welcome to return of VAT shopping perk

Kwasi Kwarteng also introduces new digital system for claiming back tax

Business News

Next and Boohoo investors eye sales boost as shoppers receive energy bill help

Investors will be hopeful of a shift in outlook following the Government’s recent energy support package which could boost consumer spending.
Business News

Tory Treasury Committee chair flags ‘vast void at centre’ of statement

Mel Stride raised concerns about a lack of a forecast by the independent Office for Budget Responsibility.
Business News

Watchdog says it could approve Morrisons’ takeover of McColl’s

Earlier this month, the Competition and Markets Authority raised concerns over 35 locations.
Business News

Kwasi Kwarteng says he is happy to ‘engage’ with Tory MP’s call to cut fuel duty

Conservative MP Robert Halfon, a long-time campaigner for lowering fuel duty, said petrol and diesel prices have been at historic highs’.
Business News

Housebuilders boosted by stamp duty cuts and moves to free up planning

Vistry and rivals Countryside and Crest Nicholson enjoyed share gains after Kwasi Kwarteng revealed a boost for homebuyers and developers.
Business

Kwarteng scraps cap on City bank bonuses

Experts warn that the move could bring a return of reckless lending

Business News

Chancellor’s economic plans will reward ‘already wealthy’, warns Rachel Reeves

The shadow chancellor said Kwasi Kwarteng’s statement had acted as a comprehensive demolition of the Conservatives’ record in power.
Business News

Government to borrow more than £70 billion to fund energy help and tax cuts

As with most loans, the Government promises to pay back what it has borrowed, plus an interest.
UK

At a glance: Key points from Kwasi Kwarteng’s mini-budget

The Government wants a new approach to growth, Mr Kwarteng said, with the aim, over the medium term, to reach a trend rate of growth of 2.5%

Business

Burberry COO Brown departs fashion house

Hunt is on for successor at brand favoured by stars including Emma Watson and Billie Eilish

Business News

Economy continues to weaken, influential report finds

The S&P Global/CIPS flash UK composite purchasing managers index gave the economy a score of 48.4, well below what experts had forecast.
Business

Sofa retailer ScS appoints former Argos boss Walden chair

He replaces Alan Smith who will step down from the group at the end of next year

Business News

In The Style enjoys ‘solid’ progress on growth plans amid retail challenges

The online fashion retailer hailed the successful launch of its wardrobe staples collection, at its annual general meeting.
Business

Furniture retailer Made up for sale

Last month the online platform sought eleventh hour financial bail out

Business News

The Works’ shares rocket after ‘encouraging’ sales and return to profit

The stationery, crafts and books retailer hailed pre-tax profits for £10.2 million for the year to May.
Business News

Revolution Beauty to undergo investigation into auditing failures

The beauty brand has called in independent investigators to look into ‘serious concerns’ raised by its auditor, BDO.
Business News

Most electric car owners unhappy with public charging infrastructure – survey

Some 74% of people questioned said they are dissatisfied with the system.
Business News

Kwarteng to announce plans for low-tax investment zones

The Government is in talks with 38 local and mayoral combined authority areas in England to set up new investment zones.
Business News

Government should allow OBR’s economic forecast at mini-budget, MPs told

The Office for Budget Responsibility will not be allowed to make the independent economic forecasts that it usually publishes alongside a budget.
Money

DWP ‘on track’ with £150 cost-of-living payments to people with disabilities

Consumer champion Martin Lewis said for people in a desperate situation, ‘expectation management is crucial’.
Business

UK hits recession as GDP falls and interest rates are raised

The Bank of England has raised interest rates to the highest level in over a decade

Money

Appliances that use the most electricity

Interest rates have gone up again, so what can be done to save money around the home?

Business News

Markets tumble into red as interest rate hikes increase economic worries

The FTSE 100 ended the day down 78.12 points, or 1.08%, at 7,159.62.
Business

Don’t count on Christmas post as strikes bite

The first ‘normal’ festive season is in danger of being a nightmare and not delivered as planned

Business

Secret Cinema sold in $100 million deal

New owners plan permanent location in London