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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 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,...
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 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 have been announced for 3 and 5 November – this time involving 14 train operating companies. The Rail, Maritime and Transport union (RMT)...
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...
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...
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...
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...
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”...
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 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....
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, 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...
The pound and UK government bond yields have recovered in anticipation of a key statement from the new chancellor tasked with sorting out the fallout from...
Chancellor Jeremy Hunt will deliver parts of his medium-term fiscal plan later today, the Treasury has said. In a statement the Treasury said the chancellor was...
Unions are close to organising co-ordinated strike action “very soon” following the “horror story” of the past few weeks, a union boss has told Sky News....
The government is pressing ahead to introduce legislation which will require transport workers to run a minimum service when strikes are taking place. It comes after...
Interest rates will have to be raised higher than initially hoped in the face of inflationary pressures, the Bank of England (BoE) governor has suggested. Speaking...
So farewell, then, Trussonomics. The demise of the country’s second shortest-lived chancellor also brings with it the demise of the country’s shortest-lived economic movement. Liz Truss...
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