LATEST BUSINESS NEWS

Nothing phone (1)

British tech firm Nothing launches first UK smartphone in five years

A petrol pump

Rishi Sunak cuts fuel duty by 5p per litre

Spring Statement

Growth forecast slashed as Sunak promises help to cope with economic uncertainty

Lloyds Banking Group has said it will close 60 bank branches across the UK (Stefan Rousseau/PA)

A list of all Lloyds, Halifax and Bank of Scotland branches to close

Lloyds sign

Lloyds Banking Group axes 60 more branches

Rishi Sunak

Sunak warns of ‘challenging’ economic picture ahead of spring statement

Fruit and vegetables stock

Milk, eggs and coffee see big price hikes as UK inflation jumps higher

A tube station entrance in Kensington

Average UK house price £24,000 higher than a year earlier

Rishi Sunak

Inflation soaring to 30-year high pressures Sunak to help with spring statement

Pylons

Failure of energy suppliers will add £2.4bn to bills – Ofgem

A petrol pump

Fuel prices hit new records ahead of spring statement

People in supermarket

Inflation surges to 6.2% as cost-of-living crisis escalates

Tesla car plugged in

Drivers must have ‘right to charge’ in switch to EVs, says car industry body

CITY Pendragon

Pendragon warns Ukraine conflict could further hit new car supply

A Saga vessel

Saga narrows losses as cruises resume

A funeral director

Dignity returns to profit as customers spend more on funerals

Rishi Sunak waves

Chancellor expected to announce fuel duty cut in spring statement

Fuel prices

Russia sanctions will cost the UK and poorest will be hit hardest, warn MPs