LATEST BUSINESS NEWS

Money

As inflation reaches 9.4% – what is it and how will it impact your savings?

A view of houses

Average UK house price is £32,000 higher than a year ago

Bank of England

Bigger interest rate hike on the way after inflation hits 9.4%, say experts

Food in a supermarket trolley (Jon Super/PA)

How everyday items have risen in price in the past 12 months

Auditor BDO

Watchdog criticises BDO and Mazars over ‘unacceptable’ audits

An online energy bill

What can households do to cope with soaring inflation?

Rishi Sunak

Sunak sets out plans for UK to be energy-independent by 2045

Striking rail workers

Latest rail strike will halt all services in some areas, passengers warned

Fuel

Rising food and fuel prices send inflation soaring to new 40-year high

Nurses

Rising inflation to ‘hammer’ pay packets of frontline workers, TUC warns

Basket of groceries

Sales rise at Mr Kipling maker due to home cooking and higher prices

Petrol pumps

Mounting cost crisis sees inflation soar to fresh 40-year high

A postman delivering mail

Royal Mail loses £1m a day as staff disputes stall turnaround plans

Woman with reusable canvas bag for food shopping

Rising inflation ‘bad news for everyone’ as food and fuel costs soar

School meals

Ultra-processed foods ‘make up almost two-thirds of Britain’s school meals’

Vehicles on a motorway

Ombudsman receiving complaints about falling insurance premiums as well as rises

Amazon site

Amazon pays £648m in UK taxes as revenues leap beyond £23bn

People with shopping bags

Retailers told to ‘double down’ on diversity due to slow progress