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November 7, 2025

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Business

Bank of England opens door to December rate cut as it signals inflation has peaked

Policymakers keep borrowing costs at 4% before crucial budget while also warning of persistent weak growthAnalysis: Bank of England’s decision to keep interest rates at 4% is not all doom and gloomThe Bank of England has opened the door to a December i…

November 6, 2025
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NHS won’t get cutting-edge drugs unless it pays more, says AstraZeneca boss

Pascal Soriot says cost-effectiveness thresholds for new medicines have not changed for two decadesBusiness live – latest updatesThe boss of AstraZeneca has said that unless the UK ramps up spending on new drugs, it could be on a trajectory to only bei…

November 6, 2025
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Banks poised to escape tax rises in Rachel Reeves’s budget

UK bank shares rise after reports, with chancellor wanting sector to remain competitive to help economic growthThe chancellor has decided against increasing taxes on banks in this month’s budget, according to reports, which sent UK bank shares higher o…

November 6, 2025
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Divided Bank of England holds key interest rate at 4% despite hopes inflation has peaked

The Bank of England has kept its main interest rate unchanged at 4% as inflation in the U.K. remains markedly above target and policymakers await this month’s budget from the U.K. government, which could be one of the most consequential in years.

November 6, 2025
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Flooded UK coalmines could provide low-carbon cheap heat ‘for generations’

Report says proven technology could benefit thousands in poor quality housing and help UK meet carbon reduction targetsFlooded disused coalmines could be a significant source of energy and provide cheap heat to thousands of homes, a new report argues.M…

November 6, 2025
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France urges EU to investigate Shein for selling illegal items including child-like sex dolls

France is urging the European Union to investigate how Shein has been able to sell illegal items like child-like sex dolls and weapons on its platform.

November 6, 2025
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Workers decry Trump officials as ‘out of control’ as longest shutdown drags on

Key figures accused of harassment, bullying and attacks as US employees work without pay to keep services runningAs the US federal shutdown enters its second month, government workers are accusing the Trump administration of being “out of control” and …

November 6, 2025
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Sainsbury’s says shoppers are delaying spending in run-up to budget

Boss of supermarket urges Rachel Reeves not to fuel inflation with tax rises on retailers and suppliersThe boss of Sainsbury’s has urged Rachel Reeves not to fuel inflation with tax rises on retailers and their suppliers and says shoppers are delaying …

November 6, 2025
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Ukraine says it has hit a major Russian oil refinery with long-range drones

Ukrainian drones have struck a major oil refinery in Russia’s Volgograd region for the second time in nearly three months, according to Ukraine’s general staff.

November 6, 2025
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US Supreme Court expresses scepticism over Trump’s reciprocal tariffs

On Wednesday, the US Supreme Court’s chief justices heard arguments over the legality of tariffs enacted by President Donald Trump using the Emergency Economic Powers Act, and questioned the reasoning of the administration. In this edition, we look at…

November 6, 2025
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