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5m Pound hits all-time low in backlash at Kwasi Kwarteng’s tax cuts
18m Labour urges probe into ‘leak’ of mini-Budget after Pound shorted
4m At least 13 dead after school shooting in Russia
1h Five police seriously injured as Iran protests spread across London
2h Southgate discusses ‘difficult decision’ as Alexander-Arnold left out
1h Far-Right Giorgia Meloni set to lead Italy after election triumph
Business News
Business
16m

Calls on Bank of England for emergency rate rises as bond yields jump

Pound falls to lows not seen in a generation as confidence in UK governments tax plans plummets on global markets

Business News
27m

Pendragon eyes up £400m takeover offer

The bid would see Swedish motor company Hedin Group buyout the entirety of Pendragon’s share capital at 29 pence per share.
Business News
27m

Climate review to deliver big bang moment for net zero, says leading green Tory

Former energy minister Chris Skidmore will lead a review into delivering net zero while maximising economic growth.
Business News

Electric car drivers hit by 42% hike in price of public chargers

The RAC said the cost of using public rapid chargepoints has soared since May.
Business News

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 News

Labour accuses Kwasi Kwarteng of ‘fanning flames’ of falling pound

Shadow chancellor Rachel Reeves accused the Government of recklessly gambling with the nation’s finances.
Business News

The pound has hit a record low—what will it mean for Britons?

Sterling slid to its lowest against the US dollar on record after traders swallowed the impact of the Chancellor’s tax cut plans.
Politics

Pound sinks to record low as Chancellor hints of more tax cuts

The Chancellor has previously brushed off questions about the markets’ reaction to his mini-budget

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

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 News

ScotRail workers to strike over pay

Members of the Rail, Maritime and Transport union at ScotRail will walk out on October 10 in a dispute over pay.
Business

Report shows rising power of female angel investors

Over 60% of the investment by women angels was in London and South East England

Business

Pub and restaurant body challenges Chancellor on VAT budget omission

UKHospitality boss insists ignored business rates must also be urgently addressed in autumn budget or before

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 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 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

Consumer confidence falls to fourth record low in five months

GfK’s long-running Consumer Confidence Index fell five points in September to minus 49, the worst score since records began in 1974.
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

Chancellor to set out plans for ‘new era focused on growth’ in mini-budget

Kwasi Kwarteng is expected to put into practice many of Liz Truss’s tax-cutting promises and detail how the energy package will be funded.
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.
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

UK

National Insurance rise to be reversed from November 6

Kwasi Kwarteng says the tax cut will help 28m people in the UK keep an extra £330 a year