Foreign Secretary James Cleverly said the Government is focused on getting economic growth despite the market turbulence. Allies of Liz Truss have rallied round the Prime Minister after she came under intense pressure from her own MPs to abandon her economic plan following a market backlash to the measures. The Tory leader endured a bruising […]
High street giant Marks and Spencer is set to close 67 stores over the next five years as part of a major shake-up. The retailer said it is shutting some of its “lower productivity, full line stores”, but announced that it’ll be launching 104 new “bigger and fresher” food shops. The 67 closures are part […]
The proportion of households struggling to make their mortgage payments is expected to increase to its pre-financial crisis peak by the end of next year, the Bank of England has warned. The Bank’s Financial Policy Committee (FPC) said households with high cost of living-adjusted mortgage debt-servicing ratios will soar if interest rates increase in line […]
Members of the CWU union are embroiled in a long-running row, which is set to continue in the build up to Christmas. Postal workers will stage a fresh strike on Thursday in a long-running dispute over pay and conditions, with a series of walkouts planned for the coming weeks. The Communication Workers Union (CWU) said […]
Banning flights on routes with fast rail connections could cut the UK’s emissions from domestic aviation by a third, a report has found. The report by the thinktank Intergenerational Foundation (IF) found that domestic aviation was responsible for the emission of 2.7 megatonnes of CO2 in 2019 alone – the equivalent of the annual emissions […]
Netflix will finally reveal exactly how many people watch its programmes in the UK, giving an insight to the true cultural power of the streaming service and its impact on British viewing habits. Until now it has been possible to know that 13 million people tuned in for the finale of the BBC’s Line of […]
Sports Direct’s owner Frasers Group has snapped up a 4.54 per cent stake in N Brown, the online retailer behind brands including Jacamo and JD Williams. The purchase, disclosed in a stock market filing yesterday, makes Frasers the sixth-largest N Brown shareholder and is certain to raise questions about the company’s intentions. In addition to […]
Marmalade sales surged last month as the nation paid its respects to the late Queen by leaving the breakfast staple as a tribute at memorial sites. The unusual mark of condolence was inspired by a comedy sketch performed by Queen Elizabeth for the Platinum Jubilee celebrations earlier this year. In the sketch, Paddington Bear joined […]
The number of working-age adults in Britain who are not in the jobs market because they are long-term sick has increased to a record high, official figures show, amid concerns over shortages of workers in the UK economy. The Office for National Statistics said unemployment in the UK fell to 3.5% in the three months […]
The number of visitors to shopping destinations dropped back last week in one of the first indications of a slowdown in spending amid rising energy bills. In the week beginning 2 October, footfall slipped by 0.2% on the previous week across all UK retail destinations, with the biggest drop in shopping centres and retail parks, […]