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Economy
Economy

Why is the pound dropping against the dollar?

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

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

Pound slumps to 37-year low as UK interest bill soars to record £8.2bn

Debt levels have soared to 96.6% of GDP as Britain sits on precipice of prolonged downturn

Business

Kwarteng’s bonus plan may not even please bankers

Investment bank revenue is already on the slide as clients sit on hands

Business

Rate rises must work for savers, not just banks

With interest boosts expected in US and UK investors should not be denied fair share

Business

Volkswagen seeks to drive €9.4 billion from Porsche IPO

Car marque will seek a valuation of €70 billion to €75 billion to drive future EV investment

Business

Thirty years on, sterling suffers a new hammering

Some players in the options market are starting to take bets that pound will fall to parity

Business

Bank tipped for half-point rates rise despite small fall in inflation

MPC rate decision delayed until next Thursday following death of Queen

Business

Lloyd’s boss: Truss watchdog merger ‘would be distraction’

Lloyd’s chairman Bruce Carnegie-Brown also complained businesses were being hampered by delays to the process of approving new company directors.

Business

Sterling slips in slowdown fuelled by energy prices

Gathering economic crisis underlined by a drop in business activity rattles market

Business

IPOs are off the table until green shoots emerge

Investor appetite remains suppressed for new entrants due to economic uncertainty

Business

Inflation likely to rise to 15% early next year

Analysts warn of sustained domestic inflation across Britain as food and energy prices surge

Business

US inflation lands lower than expected calming markets

Figure still in dangerously high territory at 8.5% but helped by drop in petrol prices 

Business

Cost of living squeeze hits kids’ pocket money

Halifax’s annual survey says children’s payments decreased by inflation pressure on families

Business

Corporate insolvencies hit highest level since 2009

It follows warnings from the Bank of England that the UK’s economic outlook had ‘deteriorated materially’

Business

Politicians could soon spoil the party for BP

Bumper quarter with majors posting record financials as consumers face energy price hikes

Business

Eurozone inflation hits 8.9% record high

Data will add pressure on the European Central Bank to hike rates in September

Business

America tips into unofficial recession as global markets hold breath

Second successive drop as growth retreats 0.9% in the three months to June

Business

Cost of living rise pushes consumer confidence to all-time low

Deloitte data reveals more than half of Britain ‘most pessimistic’ about disposable income

Business

Public finance woes put pressure on PM candidates space

Record £19.4 billion interest payment was due on Britain’s debt last month

Business

Two thirds of finance heads braced for recession next year

Deloitte CFO survey flags inflation rises and interest rates as root cause of inevitable downturn

Business

Pound suffers as American inflation spike spooks currency markets

The Bank of England has space for more aggressive rate rise due to positive GDP figures

Business

Beer barometer brings consumer spend warning

Wetherspoons latest trading update could be real ‘canary warning’ on economy

Business

Euro slumps to parity with dollar amid recession fears on Continent

At its lowest point the European currency was down 0.64 of a cent at exactly $1.00

Business

Tory tax pledges are too absurd to be funny

The candidates need to be honest, frank and above all, grown up with all voters

Business

Insolvencies up as businesses advised to batten down hatches

Interpath warns shuttering companies jumped by almost half in first six months of year

Business

Shift in working means London needs proper plan

Government strategy needs to be urgently set between levelling up and capital as economic hub

Business

One in six households in ‘serious’ financial difficulties

abrdn survey says only group not impacted are households earning more than £100k a year

Business

Ofgem reveals £21bn grid overhaul to cut down bills in ‘long term’

Proposals are aimed at upping capacity and resilience and to pave way for ‘net zero’

Business

Three quarters of British businesses hit by staff shortages squeeze

BCC and Open University survey says more than half will increase staff training over coming year

Business

Leaving London out of levelling up brings UK down

Capital receives 42p per capita from Community Renewal Fund compared with £3.79 for East Midlands

Business

Voters count cost of Brexit six years after Leave ballot

Voters in Wakefield and Tiverton and Honiton could give Boris Johnson a bloody nose today

Business

Sunak forced to borrow yet more as inflation soars and growth falters

Debt interest payments have surged by 70% compared with last year for the Chancellor

Business

Charting a grim historical note as inflation tops 9%

Last time inflation was this high Tight Fit topped hit parade with ‘The Lion Sleeps Tonight’

Business

Rolls-Royce hands staff £2,000 cost of living payment

Boss Warren East has written to employees to inform them of decision 

Business

Rail strikes will devastate London businesses

Hospitality industry alone set to lose £540 million from three day action