Browsing: Business News

The Guardian says UK house prices grew at the fastest annual pace since 2004 in March, continuing the ascent to new record levels – a fifth higher than at the start of the coronavirus pandemic.

The Independent says the UK economy grew at a faster pace than first thought in the final three months of 2021 despite the spread of the Omicron variant of coronavirus, according to official figures.

The Guardian says the UK’s poorest families will see the amount of spare cash at their disposal drop by a fifth this year with £850 less to spend on non-essentials as shop prices hit a decade high.

Euronews says Spain is readying a package of emergency economic measures worth €6 billion in direct aid and tax breaks and €10 billion in loans for families and businesses.

BBC News says ministers plan to force all ferry operators operating from UK ports pay at least the National Minimum Wage, in a bid to persuade P&O Ferries to reinstate 800 workers it has sacked.

The Guardian says Rishi Sunak has sought to defend his mini-budget against accusations he failed to shield Britain’s poorest families from the worst hit to living standards in six decades.

BBC News says Chancellor Rishi Sunak has set out measures aimed at combating soaring energy, food and fuel prices, in his Spring Statement – resisting calls to scrap April’s National Insurance hike.

The Guardian says Britain’s annual inflation rate rose to 6.2% in February and now stands at its highest level in three decades.

The Guardian says Ferry operator P&O has revealed it is paying £36.5m to cover compensation for the 800 seafarers it sacked without warning.

BBC News says the US has agreed to ease Trump-era tariffs on UK steel and aluminium shipments, resolving an issue that had strained relations between the allies.