The pound has moved higher after the government announced a series of U-turns.
Browsing: Business News
Breaking Business News from the UK and around the world. Covering issues such as personal finance, company formation, and financial and economic news.
The latest insight and analysis into the UK and global markets.
Follow WTX Business News on Twitter @wtxbusiness to stay updated with news as it breaks. Follow us here
Highlights from all the main sources FT.com, BBC Business, Independent, Guardian, and Bloomberg News services.
We will bring you the latest Business News from the UK and around the world. Including information pertinent to Small and Medium-sized Businesses (SME) and legal information concerning business and tax law.
We will incorporate the financial indexes from all the important financial global stock exchanges.
Official data shows the UK economy unexpectedly shrank in August for the first time in two months.
The Bank of England has once again been forced to step in again to boost its emergency bond-buying scheme.
Unemployment rates are at their lowest level in nearly 50 years, the latest official figures show.
New measures have been announced by the Bank of England aimed at ensuring an “orderly end” to its emergency bond-buying scheme.
Adidas has said it is reviewing its Yeezy partnership with American rapper Kanye West just days after he stirred up controversy with a “White Lives Matter” T-shirt design at Paris Fashion Week.
Bank of England intervention prevented destructive ‘spiral’ after mini-Budget The Independent says The Bank of England has said that its intervention last month in the…
The Guardian says Liz Truss’s intervention to freeze energy prices for households for two years is expected to cost the government £89bn, according to the first major costing of the policy by the sector’s leading consultancy.
Elon Musk has made a surprising u-turn on whether he will buy Twitter. The billionaire had initially dropped out of the deal to buy the social media site, but it seems he’s not willing to proceed with the takeover.
A food waste charity has told the BBC that it has seen a drop of around 200 tonnes in supermarket surplus donations every month this summer.
The Guardian says Thames Water, Southern Water and other companies will be forced to cut tens of millions of pounds from consumers’ bills after the regulator said they had missed pollution targets.
Chancellor Kwasi Kwarteng has confirmed that the government will U-turn on plans to scrap the 45p rate of income tax.
Chancellor Kwasi Kwarteng will release a mini-budget on Friday along with National Insurance and corporation tax cuts.
Sri Lanka is enduring its worst economic crisis in over seven decades, as August saw the country’s annual inflation rate surge to more than 70%.
A government support scheme, set to be announced later, could help businesses cut their energy bills by a third.
Mike Ashley has announced he will step down from the board of Frasers Group – owner of the Sports Direct chain, the retail billionaire founded decades ago.
The Guardian says Almost 80% of the UK’s lowest-paid workers say they are now facing the toughest financial squeeze of their lifetimes, according to new research by the Living Wage Foundation.
The Guardian says The world may be edging toward a global recession as central banks simultaneously raise interest rates to combat persistent inflation, the World Bank has warned.
The i says The Chancellor, Kwasi Kwarteng, has faced widespread criticism after he proposed to scrap the cap on bankers’ bonuses as millions struggle during the cost of living crisis.
The Guardian says The John Lewis Partnership slumped to a first half loss of £99m driven by soaring inflation, as the department store group warned a “uniquely uncertain” outlook in the run-up to Christmas would put the staff annual bonus at risk this year.
Yvon Chouinard, the billionaire founder of the outdoor fashion retailer Patagonia says he has given away his company to a charitable trust.
The i says It comes as the UK faces a cost of living crisis, with fuel, food and energy prices soaring for months.
Shops have announced they will shut their doors in the UK on Monday 19 September, as a sign of respect to Queen Elizabeth II on the day of her funeral.
The Guardian says Liz Truss will finally present her long-awaited plans to tackle soaring energy bills on Thursday, with some Tory MPs conceding this is already a make-or-break moment for her entire premiership.
PM Liz Truss will unveil her plans to help the public amid soaring energy prices. The government plans are expected to limit energy bill rises, spending billions to protect people from rising prices.
