LATEST BUSINESS NEWS

Liz Truss

Liz Truss apologises for ‘mistakes’ and vows to lead Tories into next election

Strike legislation

TUC general secretary says workers are being ‘pushed to breaking point’

Chancellor of the Exchequer Jeremy Hunt and Prime Minister Liz Truss

Hunt warns of tough spending decisions to come as he tears up Liz Truss’s plan

Jeremy Hunt in Downing Street

New economic body announced by Chancellor to include Osborne’s ex-chief of staff

Alcohol stock

Brewers and distillers face ‘huge blow’ as alcohol duty freeze scrapped

Models of elderly people on a pile of coins and bank notes.

Jeremy Hunt signals state pensions triple lock could be scrapped

New Chancellor Jeremy Hunt

Markets soothed as new Chancellor sharply reverses mini-budget policies

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Bensons for Beds rescues Eve Sleep brand after hiring administrators

Chancellor Jeremy Hunt in the House of Commons

Chancellor’s economic U-turn brings ‘relief to stressed financial markets’

Models of people on piles of coins and banknotes

Average earner ‘would have paid around £174 less in tax next year before U-turn’

Liz Truss and Jeremy Hunt (Archive/PA)

Truss fights for survival as Hunt scraps her economic strategy

Conor Murphy

Chancellor’s removal of energy support is ‘flawed’ – Murphy

London City Stock

Mini-budget U-turns ease pressure for big interest rate hikes, say experts

BP figures

BP to buy US biogas producer Archaea Energy for £3.6bn

Jeremy Hunt announces string of U-turns

How will households be affected by the mini-budget U-turns?

Smart Meter Energy Usage

Households face April ‘cliff edge’ as energy price freeze cut to six months

Liz Truss

Trussonomics ditched – will Truss follow?

Chancellor Jeremy Hunt

Hunt scales back energy price cap duration as he acts to stabilise markets