Business

Retail sales rose for the first time in six months during October, according to official figures, suggesting shoppers started their hunt for Christmas gifts early as pressure intensifies on household budgets. The Office for National Statistics (ONS) reported a 0.8% increase in volumes last month compared to September – with clothing among categories leading the
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The eastern leg of HS2 has been scrapped and plans for Northern Powerhouse Rail have been downgraded, Grant Shapps has confirmed. The transport secretary told MPs that a new £96bn Integrated Rail Plan for the north and the Midlands will instead deliver “faster” train journeys both earlier and cheaper than the original HS2 plans would
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Britain’s economic growth slowed to 1.3% in the third quarter, official figures show. It meant that gross domestic product (GDP) remained 2.1% lower than pre-pandemic levels, according to the Office for National Statistics (ONS). The economy’s July-September performance was slightly weaker than the figure of 1.5% expected by economists and marks a sharp slowdown compared
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