The UK economy has fallen deeper into the red shrinking 0.3 per cent in April as businesses sounded the alarm about a full-blown recession. GDP was down for the second month in a row after a 0.1 per cent dip in March, underlining the ‘Stagflation’ threat as prices soar. Although the strong bounceback from Covid […]
Dragons’ Den star Hilary Devey has died aged 65 after battling a ‘long illness’, her publicist confirmed today. The Bolton-born multi-millionaire entrepreneur passed away at her holiday home in Morroco on Saturday night. She joined BBC Two programme Dragons’ Den in 2011 and left in 2012, going on to present Channel 4’s The Intern. Hilary, […]
The housing market is showing signs of cooling, Halifax has said, as households face a squeeze on their finances. The mortgage lender said that while house prices continued to climb in May, with prices up 10.5% in 12 months, this was slowest rate of growth since the start of the year. The rise meant the […]
A former executive at Standard Chartered has been named the new chief executive of the government’s under-fire British Business Bank (BBB). Louis Taylor will be the permanent successor to Keith Morgan, who resigned in 2020. Mr Taylor is the current chief executive of UK Export Finance, the government’s export credit agency. Before joining UK Export […]
The UK will not join the EU in making USB-C charging ports mandatory on all phones and other electronic devices, the government has confirmed. The EU’s rule, announced in Strasbourg on Tuesday, means Apple will have to change the charging port on its devices in all 27 EU countries by 2024. Apple will have to start […]
The crisis threatening Britain’s railways this summer has deepened after train drivers voted to join the biggest rail strikes in a generation. A union leader warned of a “summer of discontent” as drivers on three lines backed industrial action, with the strike ballots expected to spread. The railway walkout, the largest since 1989, will coincide […]
The cost of filling a typical family car with petrol has exceeded an average of £100 for the first time. A litre of petrol cost an average of 182.3p on Wednesday, a jump of 3.8p a litre on the cost at the start of the week, according to Experian Catalist, the data analytics company. The […]
National rail strikes will have a devastating impact on the theatre, live music and hospitality industries recovering from the Covid pandemic, trade bodies have warned. Thousands of workers are set to walk out on 21, 23 and 25 June after talks over pay and redundancies failed. The RMT Union said the action will shut down […]
More talks will be held this week between unions and rail industry leaders in an attempt to avoid a week of national strikes that will shut down much of Britain’s rail network in late June. Passengers whose journeys were affected would receive refunds for tickets they had bought, the Rail Delivery Group, which represents train […]
MPs have called on the UK government to cut the burden on UK taxpayers after new figures showed working people spent a higher proportion of their incomes on taxes than at any other point since the early-1960s. The calls come after the Adam Smith Institute (ASI) published new figures, for Tax Freedom Day, showing UK […]