LATEST BUSINESS NEWS

Mayor of London Saiq Khan (right) and Andy Byford, Commissioner at Transport for London (Tfl) disembark the first Elizabeth line train (Kirsty O'Connor/PA)

Hundreds gather to be among first passengers on new Elizabeth Tube Line

An energy app and thermostat

Windfall tax could ‘undermine’ energy security targets, offshore chief warns

London skyline

Economic growth plummets as inflation drags on UK firms

Models of people on coins

Insurance fraud expected to rise as financial stress on households mounts

Pound coins and banknotes

Government borrowing drops to £18.6bn in April

TRG

Wagamama owner braces for food costs to soar by 10%

A supermarket shopper

Grocery prices surge at fastest pace for 13 years

China Airbnb

Airbnb pulls out of China as country remains closed to tourists

A man using a laptop

Backlog of consumer complaints being driven down, says financial ombudsman

Pet kittens

Pet insurers process record number of claims in 2021

A woman using a mobile phone

Fraud victims waiting ‘for long periods’ on bank phonelines to report crime

Windfall tax

Oil and gas industry calls on Johnson to reject windfall tax proposal

London Skyline

London’s shares lifted by miners and builders

Tube strike

Tube workers to stage strike amid dispute over job losses

A married couple holding hands

Wedding guests expecting to spend more this year

Interest rates

Governor Bailey says Bank of England not to blame for runaway inflation

People walking on a high street

Households make fewer transactions but spending stays level as rising costs bite

Travellers at Waverley station

Train drivers’ union urges Nicola Sturgeon to intervene in ScotRail pay dispute