LATEST BUSINESS NEWS

A Department for Work and Pensions office

DWP job cuts mean workers are being ‘abandoned’, says union

The Bank of England

Bank raises rates to 0.75% as it warns inflation could reach double figures

Rows of houses

Cash-strapped homeowners urged to look for cheaper mortgage deals as rates rise

P&O Ferries has suspended sailings amid speculation it is preparing to sack hundreds of workers (Gareth Fuller/PA)

Fears of major job losses as P&O Ferries suspends sailings for several days

A broadband cable and router

Telecoms firms must do more to help customers struggling to pay bills – Ofcom

A GlaxoSmithKline production building

GSK halts new clinical trials in Russia but continues supply of medicines

The Platinum Jubilee coffee mug

Official Platinum Jubilee emblem souvenirs go on sale

Railway

E-tickets soar as Trainline continues Covid bounceback

P&O ferry Spirit of France

P&O Ferries suspends sailings but denies liquidation reports

Vehicles on the M4 motorway

Insurance premium tax should be cut in Spring Statement, say brokers

Cineworld cinema

James Bond and Spider-Man spark audience recovery at Cineworld

A Stagecoach bus

National Express insists Stagecoach merger plans ‘superior’ to rival bid

Ocado

Ocado slashes sales outlook amid pressure from cost of living crisis

Southeastern trains

Govia slapped with £23.5m penalty over Southeastern scandal

A Deliveroo rider

Deliveroo losses swell to £298m as it predicts growth slowdown

Online Safety Bill to be strengthened

Updated Online Safety Bill reaches Parliament promising to make internet safer

An aerial view of rows of houses

Confidence that now is a good time to buy a home ‘at lowest level since 2008’

TUC research on childcare costs

Childcare costs placing huge pressure on family budgets – TUC