Official data shows the UK economy unexpectedly shrank in August for the first time in two months.
Author: WTX Business Team
The Bank of England has once again been forced to step in again to boost its emergency bond-buying scheme.
New measures have been announced by the Bank of England aimed at ensuring an “orderly end” to its emergency bond-buying scheme.
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A food waste charity has told the BBC that it has seen a drop of around 200 tonnes in supermarket surplus donations every month this summer.
A government support scheme, set to be announced later, could help businesses cut their energy bills by a third.
A strike on Friday by French air traffic control will disrupt travel for tens of thousands of passengers.
The Guardian says The John Lewis Partnership slumped to a first half loss of £99m driven by soaring inflation, as the department store group warned a “uniquely uncertain” outlook in the run-up to Christmas would put the staff annual bonus at risk this year.
The Guardian says Liz Truss will finally present her long-awaited plans to tackle soaring energy bills on Thursday, with some Tory MPs conceding this is already a make-or-break moment for her entire premiership.
BBC News says The government has announced how all households in England, Scotland and Wales will receive £400 to help with rising fuel bills this autumn.
There is set to be a strike on 30 July over a pay dispute, union Aslef has announced.
Aljazeera says MACAU has locked down one of the city’s most famous hotels, the Grand Lisboa, after more than a dozen COVID-19 cases were found there on Tuesday.
The Guardian says UK INFLATION has increased to 9.1%, the highest rate in 40 years amid record prices for petrol and the soaring cost of food.
TRT World says the US Federal Reserve has raised its benchmark interest rate by 75 basis points, marking its biggest rate hike in 28 years.
The Guardian says low-paid health and care workers are calling in sick because they cannot afford to fill their cars with petrol to travel to work, the head of the UK’s largest trade union has warned.
Daily Express says Martin Lewis has explained how people on benefits could get a bonus of up to £1,200 on their savings through a special account.
Daily Mirror says Customers of 10 banks including Barclays, Halifax, Lloyds, Nationwide and Monzo have been locked out of their bank accounts this morning.
Sky News says shop prices grew at the fastest rate in more than a decade during May, spurred on by rapidly-accelerating food inflation.
The Daily Mirror says Barclays is closing another 27 bank branches, and will have closed 103 by the end of the year.
The Guardian says the average price of a UK home has topped £250,000 for the first time, but the proportion of sellers reducing their asking price and the time taken to sell a home have both increased, according to Zoopla’s latest market index.
The Guardian says Rishi Sunak will push the button on a controversial windfall tax on energy companies on Thursday, as he lays out measures to ease the pain of rising household bills.
The Independent says Average asking prices for UK properties have jumped £55,000 since the start of the pandemic, with no slowdown in the “frenetic” market despite the cost of living crisis, new figures show.
The Guardian says Boris Johnson hopes to blunt calls for urgent action on the cost of living crisis by stressing that work is the best route out of poverty, as an energy firm boss warned that 40% of households could soon be in fuel poverty.
The Guardian says consumer confidence in the UK has fallen to the lowest level since records began in 1974 amid growing concern over the cost of living crisis.