Browsing: Business

Two HSBC adverts have been banned by the UK’s advertising regulator due to it being “misleading” about the company’s efforts to tackle climate change.

The new chancellor Jeremy Hunt has given an emergency statement on the mini-budget in an effort to reassure the financial markets amid calls for the prime minister to resign. 

The pound has moved higher after the government announced a series of U-turns.

Official data shows the UK economy unexpectedly shrank in August for the first time in two months. 

The Bank of England has once again been forced to step in again to boost its emergency bond-buying scheme.

Unemployment rates are at their lowest level in nearly 50 years, the latest official figures show.

New measures have been announced by the Bank of England aimed at ensuring an “orderly end” to its emergency bond-buying scheme.

Bank of England intervention prevented destructive ‘spiral’ after mini-Budget The Independent says The Bank of England has said that its intervention last month in the…

The Guardian says Liz Truss’s intervention to freeze energy prices for households for two years is expected to cost the government £89bn, according to the first major costing of the policy by the sector’s leading consultancy.

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.

The Guardian says Thames Water, Southern Water and other companies will be forced to cut tens of millions of pounds from consumers’ bills after the regulator said they had missed pollution targets.

Chancellor Kwasi Kwarteng has confirmed that the government will U-turn on plans to scrap the 45p rate of income tax.

Chancellor Kwasi Kwarteng will release a mini-budget on Friday along with National Insurance and corporation tax cuts.

The i says The Bank of England (BoE) and the Government are “pulling in different directions” over the best steps to take to bring inflation under control and avoid a recession, the central bank’s former deputy governor has warned.

The i says More than a million households are set to pay up to £470 a year more in energy bills due to a 2015 Conservative decision to scrap green home rules, research suggests.

A government support scheme, set to be announced later, could help businesses cut their energy bills by a third.

Mike Ashley has announced he will step down from the board of Frasers Group – owner of the Sports Direct chain, the retail billionaire founded decades ago.

The Guardian says Almost 80% of the UK’s lowest-paid workers say they are now facing the toughest financial squeeze of their lifetimes, according to new research by the Living Wage Foundation.

The Guardian says The world may be edging toward a global recession as central banks simultaneously raise interest rates to combat persistent inflation, the World Bank has warned.

The i says The Chancellor, Kwasi Kwarteng, has faced widespread criticism after he proposed to scrap the cap on bankers’ bonuses as millions struggle during the cost of living crisis.

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 Falling petrol prices pushed Britain’s inflation rate back below 10% in August in the first easing of upward pressure on the cost of living in almost a year.

The i says It comes as the UK faces a cost of living crisis, with fuel, food and energy prices soaring for months.

Shops have announced they will shut their doors in the UK on Monday 19 September, as a sign of respect to Queen Elizabeth II on the day of her funeral.

The death of our beloved monarch Queen Elizabeth II means a lot will be changing. There’s already a new monarch – her eldest son is now King Charles III and his wife Camilla has become the Queen Consort.