LATEST BUSINESS NEWS

Commuters at Waterloo station, London

Grant Shapps promises train passengers ‘big improvements’ in timetables

Cars at the Vauxhall plant in Ellesmere Port, Cheshire

Demand for new cars remains below pre-pandemic levels

Chancellor Rishi Sunak speaking at a press conference in Downing Street, London.

Sunak attributes soaring energy prices to China and ‘colder than usual winter’

Retail sales drop in December

‘Slow start’ to 2022 for shops as footfall improves slightly

Amazon stock

Amazon raises price of Prime membership despite soaring profits

Boris Johnson and Rishi Sunak

Johnson defends energy cost relief package after Sunak warns of more rises ahead

Meta-Results

Facebook owner suffers 26% plunge in share price

Ofgem announcement

Households will have to adjust to higher energy prices, warns Chancellor

Coronavirus – Mon Jan 4, 2021

London stocks tumble after Bank of England confirms interest rate hike

Carillion offices

Official Receiver files legal claim against KPMG over Carillion role

Ofgem announcement

Cost of living crisis heightened as energy costs and inflation soar

Gas burner

Scottish Government urged to bring energy proposals to Holyrood next week

Commonwealth Heads of Government Meeting

Shell boss opposes windfall tax as profits soar 14-fold

Tesco store

Union hails ‘huge win’ in ‘firing and rehiring’ fight with Tesco

A homeowner adjusts the heating

‘The future’s quite bleak’: Consumers react to 54% energy price cap hike

Bank of England

Bank hikes rates to 0.5% as households face worst income hit since at least 1990

President of European Central Bank, Christine Lagarde

European Central Bank head: Inflation may linger for longer

Rishi Sunak

Sunak called ‘socialist’ and ‘Klarna Chancellor’ over energy support plans