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Partnership says smaller first-half loss is optimistic sign but recovery plan likely to take two years longer than scheduledThe owner of John Lewis and Waitrose has said its turnaround plan will take two years longer than scheduled, after reporting ano…
New Lib Dem leadership in Surrey Heath attacks previous Conservative regime for racking up debts worth £165mMichael Gove’s local council is warning that it faces effective bankruptcy within two years after racking up millions of pounds in debt for fail…
Growth in prices still remains far below the decades-high inflation rates that were seen last summer, when rate peaked at 9.1% in JuneUS inflation in August rose for the first time since June 2022, rising to 3.7% as a sharp increase in energy prices pu…
Manufacturing, services and construction sectors contract for first time since summer of 2022Business live – latest updatesThe UK economy shrank in July by 0.5% amid industrial action and extremely wet weather, official figures indicate, heightening fe…
Jump in borrowers unable to make payments with landlords particularly hit and ‘worse to come’ Analysis: will the Bank listen to business and halt rate rises?Mortgage arrears jumped by 13% in the second quarter of the year to the highest level since 201…
Soaring pay growth puts pressure on the Bank to act again, but a slowing economy could tip into recessionUK pay rises at record rate despite growth in unemploymentBusiness live: latest updatesThe time to stop raising interest rates is now, say business…
Figures will add to Bank of England’s dilemma over whether to increase interest rates again next weekBusiness live latest updatesPay packets are rising at a record rate despite rising unemployment and a marked cooling of the UK’s labour market, the lat…
Rating agency report amid local government crisis lists 20 most indebted authorities relative to sizeMore English councils are expected to fail owing billions of pounds in debts, a leading credit rating agency has warned, amid an escalating crisis for …
Warning against pumping ‘money into people’s pockets’ comes amid hints Bank of England will again raise ratesJeremy Hunt has warned that the high pace of inflation in Britain will prevent pre-election tax cuts this autumn amid signals from the Bank of …
S&P Global’s chief economist Paul Gruenwald believes interest rates will stay elevated for some timeSoft landings, sticky inflation, the dash to decarbonise and great power rivalry including the emergence of India are among subjects exercising Paul…