LATEST BUSINESS NEWS

An elderly woman holding coins

How will the spring statement affect me?

Chancellor of the Exchequer Rishi Sunak

Sunak offers tax cuts but living standards set for biggest fall in 66 years

Rishi Sunak

Spring statement: What did the Chancellor announce?

Bank notes and coins

Growth to slow as Ukraine war set to push inflation to 40-year high – OBR

Hospitality at Cheltenham Festival

‘Thousands of jobs could be lost’ over lack of support warn hospitality leaders

P&O Ferries

Prime Minister says it appears P&O ‘broke the law’ over sackings

Spring Statement

Sunak promises tax cuts as economy reels from soaring inflation and Ukraine war

Installing loft insulation

VAT scrapped for insulation, solar panels and heat pumps in bid to curb bills

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