Browsing: Business

Strike action has been called off following the death of Queen Elizabeth II.

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.

PM Liz Truss will unveil her plans to help the public amid soaring energy prices. The government plans are expected to limit energy bill rises, spending billions to protect people from rising prices.

Tens of thousands of businesses are at risk of collapsing if the government fails to help support them because of soaring energy bills, according to experts.

The government has announced a payment of £150 will be provided to up to six million disabled people from 20 September to help with the rising cost of living.

BBC News says British Airways has halted sales of tickets on short-haul flights from Heathrow Airport until 8 August as disruption to air travel continues.

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.

BBC News says The latest round of national rail strikes are getting under way, with only 20% of train journeys expected to go ahead on Wednesday.

Sky News says Two further days of rail strikes have been announced by the RMT union for 18 and 20 August in the row over jobs, pay and working conditions.

There is set to be a strike on 30 July over a pay dispute, union Aslef has announced.

TRT World says US inflation has surged to a new four-decade high in June because of rising prices for gas, food and rent, squeezing household budgets.

The Independent says MORE than nine in 10 people have seen their living costs rise over the past month, as the price of food, fuel and energy continues to surge, pushing inflation to its highest level in four decades.

The Metro says TIME IS RUNNING out to spend the last remaining £20 and £50 paper bank notes.

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.

The Guardian says the biggest rail strikes in three decades are due to start on Monday night, with trains cancelled across Great Britain for much of the week.

The Guardian says the global rout in stock markets, cryptocurrencies and other risky assets has gathered pace amid growing concern that out-of-control inflation, rising interest rates and slowing growth could combine to tip the world into recession.

The Guardian says food price rises in the UK could hit 15% this summer – the highest level in more than 20 years – with inflation lasting into the middle of next year, according to a report.

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 Independent says real pay has fallen at a record rate, with public sector workers seeing a particularly big hit to their earnings while bankers toasted “extremely high” bonuses, official figures show.

The Guardian says Average wages in the UK are falling at the fastest rate for more than a decade as annual pay growth fails to keep pace with the rising cost of living.

The Metro says the UK economy could be heading for a recession and the cost of living will rise even higher.

The Guardian says The UK economy unexpectedly shrank in April as soaring energy costs and supply chain disruption dragged down manufacturing amid the cost of living crisis, while the winding-down of the NHS test-and-trace service dragged on growth.

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.

The Independent says Britain is on the brink of a painful recession as prices continue to rise rapidly and the economy records zero growth next year, according to new analysis.

BBC News says Rail firms and a major union have both said they want to negotiate to try to avoid strikes that could cause major disruption in June.