An insolvent solar farms empire which received hundreds of millions of pounds in funding from a debt-laden English local authority is being put up for sale. It is understood that Interpath Advisory, which was appointed administrator to Toucan Energy last month, will confirm on Friday that KPMG, the accountancy firm, has been hired to oversee […]
The cost of government borrowing set new records in November as rising inflation and cost of living payments pushed up government costs while tax revenues dropped. The rise in inflation, coupled with higher borrowing costs and a bigger stock of debt after the pandemic, drove up the cost of servicing debt on the government’s index-linked […]
Britain’s Brexit trade deal is failing to help more than three quarters of companies increase sales or grow their business, according to a new survey from a leading business group. The Trade and Co-operation Agreement (TCA) was settled on Christmas Eve 2020 to facilitate tariff-free trade with the EU. But a high proportion of firms […]
The UK government has committed to provide up to £4.5bn to fund the takeover of the collapsed energy company Bulb by its rival Octopus. Bulb spent more than a year in a state-handled administration and its 1.5 million customers transferred to Octopus on Tuesday night. The Department for Business, Energy and Industrial Strategy said the […]
Lidl is being sued for £2.6m by a fruit and vegetable supplier that claims it was wrongly cut out of deals by the discount chain in a series of moves it alleges “destroyed our business”. Proctor & Associates, which once supplied Lidl with up to 57 different kinds of fruit and vegetable, has filed a […]
Breadcrumb Trail Links News Economy Opens the door for the Bank of Canada to pause in the new year Canadians learned the latest inflation figures Wednesday. Photo by Peter J. Thompson/National Post Article content Canada’s main gauge of cost pressures eased in November, suggesting the Bank of Canada’s relentless campaign of interest-rate increases is starting […]
Elon Musk is to resign as Twitter’s chief executive after the platform’s users voted for him to step down. The tycoon pledged to stop leading the social media group, which he acquired in a $44 billion deal less than two months ago, “as soon as I find someone foolish enough” to take over. Musk intends […]
People who quit the capital during Covid in favour of a quieter life in the country are searching for houses in London at the highest rate since the pandemic began. Brits are looking to make a return to the city after offices, pubs and restaurants reopened, according to online estate agent Rightmove. In stark contrast, […]
Journalists must be exempted from new data protection laws or there will be risks to freedom of speech, newspaper editors have warned ministers. The editors of The Times, The Daily Telegraph and the Daily Mail have written jointly to the justice and culture secretaries over a new code of practice drawn up by the information […]
London Heathrow is expecting business travel to account for a higher share of its traffic in 2023, as the corporate market has been “showing signs of recovery” in recent months. The UK hub airport said that business travellers made up 21.5 per cent of its total passenger traffic in the third quarter of 2022, which […]