LATEST BUSINESS NEWS

Cost of living crisis

Why has the Bank raised interest rates, and what does it mean?

Rail strikes

More rail workers to strike in worsening pay, jobs and conditions dispute

Gordon Ramsay

Gordon Ramsay’s restaurant group cut 300 staff last year as losses grew

Bank of England Governor Andrew Bailey

UK to be hit by drawn-out recession and 13% inflation, Bank warns

Russia Ukraine war

First shipment of Ukrainian grain since war began ‘to arrive in UK in 10 days’

The Bank of England

Another hefty rate rise may be on the cards in September, economists warn

Models of houses on coins

£50-a-month jump in average tracker mortgage costs following rate rise

Governor of the Bank of England, Andrew Bailey

Bailey defends Bank of England’s independence as clash with Truss looms

Conservative leadership bid

Truss and Sunak allies trade blows over tax plans ahead of Sky debate

Shoppers

Bank boss says ‘absolute priority’ to control inflation as rates jump to 1.75%

Scottish Money

Scots will have to choose to ‘freeze or starve’ this winter, claims charity

Serco

Outsourcer Serco to hand out £9m cash boost to workforce

Andrew Bailey

Bank of England predicts 13% inflation and recession as interest rates rise

Scs raises profit outlook but warns over cost of living pressures

Sofa seller ScS warns over cost-of-living pressures

Rolls-Royce

Rolls takes ‘necessary action’ to offset inflation and supply chain woes

A man with his hands over his face

Loan-fee fraud warning as scammers prey on financially vulnerable

Oil rigs in the Cromarty Firth

North Sea decommissioning costs fall 25% to £44.5bn

Gas ring

Gas prices shot up 31% in last week of July – ONS