LATEST BUSINESS NEWS

Rising interest rates

UK ‘in recession’ as Bank of England hikes interest rates to highest since 2008

The Bank of England

More rate hikes ‘on the cards as tax cuts set to add to inflation pressures’

PZ Cussons soap

PZ Cussons says cost inflation hit £40 million this year

Little traffic on the UK's roads

Traffic nearly halved for Queen’s funeral, data shows

Broadband

Millions of mobile and broadband users facing mid-contract price hikes

Ofgem stock

Ofgem warns Utilita and Scottish Power over failure to protect customers fully

Water butts

Homes with water butts and permeable driveways could see lower bills – Ofwat

Travelodge hotel

Travelodge set to recruit hundreds of housekeeping staff

A view of houses

Interest rate jump ‘will add nearly £600 per year on average to some mortgages’

Lord Rothermere to take over as chief executive of Daily Mail owner

Lord Rothermere to take over as chief executive of Daily Mail owner

An airline passenger with a suitcase

Travellers urged to use £30m of unspent vouchers

Credit cards being cut up

Banking and credit behind majority of complaints made to financial ombudsman

UK five pound, ten pound, twenty pound and fifty pound notes with one pound coins.

Average earners £500 worse off despite Government aid say economists

Jacob Rees-Mogg

Energy support for businesses will continue after six months, Rees-Mogg insists

Lidl

Lidl increases pay rates for all store and warehouse workers

CWU struke

999 call service workers to join fresh strikes at BT and Openreach

Cost of living crisis

Households get notice of vastly increased energy bills days before payment due

Transport for London commissioner Andy Byford

Transport for London boss Andy Byford quits after funding deal secured