LATEST BUSINESS NEWS

Financial forecasts

UK economy in recession says OBR as growth forecast for next year slashed

North Sea

Wind farms to pay higher windfall tax than oil rigs, Chancellor reveals

Autumn statement 2022

Hunt sets out tax rises and spending cuts in the face of economic storm

An electric car charging

Electric cars to lose vehicle excise duty exemption

Elon Musk

Sign up for ‘hardcore’ Twitter or be let go, Elon Musk tells staff

Icicles hanging from guttering

Households urged to take steps to prevent frozen pipe damage this winter

London skyline

Shares drop in Europe after explosion in Polish border village

Chancellor of the Exchequer Jeremy Hunt

Chancellor vows tax hikes and spending cuts needed to ‘face economic storm’

Joules financials

Joules falls into administration with 1,600 jobs at risk

Eggs

Asda and Lidl limit egg sales amid supply disruption

Andrew Bailey was speaking in front of the Treasury Select Committee

Mini-budget damaged UK’s reputation, says Bank governor Bailey

An Amazon Prime van in Pacifica, California

Amazon begins mass layoffs among its corporate workforce

Royal reception for businesses

Business Secretary hails importance of King for British firms

In this courtroom sketch Tesla chief executive Elon Musk gives evidence in a courtroom in Wilmington, Delaware

Musk gives evidence in lawsuit over Tesla compensation package

A man working in a Royal Mail sorting office

Talks continue in bid to avoid strike at Royal Mail in run up to Christmas

Royal Mail stock

Union accuses Royal Mail bosses of ‘gross mismanagement’ as talks continue

Grant Shapps

Shapps blocks sale of British microchip manufacturer to Chinese-owned firm

Lidl's Christmas advert

Lidl’s profits quadruple as shoppers switch to cheaper supermarkets