Browsing: Business

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.