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Moody's rating agency cuts UK outlook to negative on policy uncertainty

Moody’s rating agency cuts UK outlook to negative on policy uncertainty

Moody’s rating agency has cut its UK’s financial outlook to negative but maintained its sovereign rating at Aa3. On Friday, the agency lowered the UK’s outlook...

Evidence of market nerves around a return to power for Boris Johnson

Business2 years ago

Evidence of market nerves around a return to power for Boris Johnson

Just when you thought it was safe to step back into the gilts market… things are getting nervy again. Around lunchtime on Friday the odds on...

Government borrowing leaps and retail sales drop by much more than expected

Business2 years ago

Government borrowing leaps and retail sales drop by much more than expected

The latest official data on the state of the public finances and consumer spending makes for grim reading as the country awaits its next leader. The...

Cost of living: Six in ten adults struggling to keep up with their bills

Business2 years ago

Cost of living: Six in ten adults struggling to keep up with their bills

Almost six in ten UK adults are struggling to keep up with their bills, according to new research from the City regulator. The Financial Conduct Authority...

Business2 years ago

Rents at record high mean “extreme” competition for properties

The average rent has hit a record high outside London and stood at an average of £1,162 per calendar month in the three months between July...

Discount given to households that cut peak time energy use rises from 52p to £3

Business2 years ago

Discount given to households that cut peak time energy use rises from 52p to £3

The value of energy discounts given to households that cut their peak time electricity used will be raised, the National Grid ESO has said, in a...

Bank of England official hints interest rates may not rise as much as market expects

Business2 years ago

Bank of England official hints interest rates may not rise as much as market expects

Might interest rates not peak as high as the market is expecting? That is certainly the conclusion that has been drawn today following a speech by...

The Conservatives can change PM, but not the economic hole they have dug

Business2 years ago

The Conservatives can change PM, but not the economic hole they have dug

The final straw for Liz Truss’s premiership was a collapse of confidence among Conservative MPs, but the underlying cause is an economic crisis she first ignored,...

Liz Truss resignation sparks recovery for pound, shares and government borrowing costs

Business2 years ago

Liz Truss resignation sparks recovery for pound, shares and government borrowing costs

There has been a positive market reaction to the resignation of Liz Truss after just 44 days in office, following the fierce backlash against her economic...

Naked Wines cuts 6% of workforce as growth strategy leaves bitter note

Business2 years ago

Naked Wines cuts 6% of workforce as growth strategy leaves bitter note

Naked Wines has made around 6% of its workforce redundant after a failed growth strategy forced a restructuring. The online retailer, which connects its subscribers with...

More rail strikes announced for 3 and 5 November, this time involving train operators

Business2 years ago

More rail strikes announced for 3 and 5 November, this time involving train operators

More rail strikes have been announced for 3 and 5 November – this time involving 14 train operating companies. The Rail, Maritime and Transport union (RMT)...

Inflation rises to 10.1% as economy reels from mini-budget chaos

Business2 years ago

Inflation rises to 10.1% as economy reels from mini-budget chaos

The rate of inflation rose to 10.1% in September, according to official figures released, as the economy reels from the effects of rising prices and the...

More rail strikes to take place in November after pay offer 'U-turn', RMT says

Business2 years ago

More rail strikes to take place in November after pay offer ‘U-turn’, RMT says

Rail workers’ union RMT has announced more strikes next month following what it said was a pay offer “U-turn” from Network Rail. Three days of strike...

Threat of beer and fast food shortages as delivery drivers prepare for walkouts

Business2 years ago

Threat of beer and fast food shortages as delivery drivers prepare for walkouts

Pubs and clubs are facing the prospect of beer shortages while fast food firms including Burger King, KFC and Pizza Hut are also under threat of...

Facebook owner Meta ordered to sell GIF library Giphy in 'final decision' by UK watchdog

Business2 years ago

Facebook owner Meta ordered to sell GIF library Giphy in ‘final decision’ by UK watchdog

Meta, the owner of Facebook and Instagram, has been ordered by the UK competition regulator to sell the GIF library Giphy. The Competition and Markets Authority...

Blackouts may be imposed on cold weekday evenings, National Grid chief warns

Business2 years ago

Blackouts may be imposed on cold weekday evenings, National Grid chief warns

The head of Britain’s electricity and gas systems’ operator has told households to prepare for blackouts between 4pm and 7pm on weekdays during “really, really cold”...

Cost of living: Energy bills for an average household could hit £4,347 a year from April, analysts warn, as universal price guarantee to end

Business2 years ago

Cost of living: Energy bills for an average household could hit £4,347 a year from April, analysts warn, as universal price guarantee to end

Annual energy bills could reach £4,347 for an average household after the government announced the two-year price freeze will now run for just six months. New...

Jeremy Hunt reverses 'almost all' tax cuts in mini-budget and says energy bills support scheme to be scaled back

Business2 years ago

Jeremy Hunt reverses ‘almost all’ tax cuts in mini-budget and says energy bills support scheme to be scaled back

Jeremy Hunt has revealed he is reversing “almost all” of the tax cuts announced in his predecessor’s mini-budget and is scaling back support for energy bills....

Business2 years ago

Chancellor’s cull of more mini-budget giveaways eases financial market pressures

Financial markets have reacted positively to the new chancellor’s cull of more costly measures in his predecessor’s disastrous mini-budget. Jeremy Hunt revealed in a televised statement...

Jacob Rees-Mogg opens talks with steel giants including British Steel and Tata after job cuts moratorium

Business2 years ago

Jacob Rees-Mogg opens talks with steel giants including British Steel and Tata after job cuts moratorium

Jacob Rees-Mogg, the business secretary, has opened formal talks with Britain’s second-biggest steel producer about a taxpayer bailout amid fears for thousands of industrial jobs. Sky...

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Moody’s rating agency cuts UK outlook to negative on policy uncertainty

Evidence of market nerves around a return to power for Boris Johnson

Government borrowing leaps and retail sales drop by much more than expected

Cost of living: Six in ten adults struggling to keep up with their bills

Rents at record high mean “extreme” competition for properties

Discount given to households that cut peak time energy use rises from 52p to £3

Bank of England official hints interest rates may not rise as much as market expects

The Conservatives can change PM, but not the economic hole they have dug

Liz Truss resignation sparks recovery for pound, shares and government borrowing costs

Naked Wines cuts 6% of workforce as growth strategy leaves bitter note

More rail strikes announced for 3 and 5 November, this time involving train operators

Inflation rises to 10.1% as economy reels from mini-budget chaos

More rail strikes to take place in November after pay offer ‘U-turn’, RMT says

Threat of beer and fast food shortages as delivery drivers prepare for walkouts

Facebook owner Meta ordered to sell GIF library Giphy in ‘final decision’ by UK watchdog

Blackouts may be imposed on cold weekday evenings, National Grid chief warns

Cost of living: Energy bills for an average household could hit £4,347 a year from April, analysts warn, as universal price guarantee to end

Jeremy Hunt reverses ‘almost all’ tax cuts in mini-budget and says energy bills support scheme to be scaled back

Chancellor’s cull of more mini-budget giveaways eases financial market pressures

Jacob Rees-Mogg opens talks with steel giants including British Steel and Tata after job cuts moratorium

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