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Finance minister reaches deal with 75 manufacturers after signs of falling prices for raw materialsBig food manufacturers in France have pledged to lower prices on hundreds of products next month after pressure from the government.The French finance mi…
MPs question why some savers are receiving only 0.25% despite 12 consecutive Bank of England interest rate risesBusiness live – latest updatesBritain’s biggest banks need to “up their game” and stop fobbing off millions of loyal customers with “measly”…
GDP shrank 0.1% in first quarter of 2023 and final three months of 2022 after revisions to earlier estimatesBusiness live – latest updatesThe eurozone slipped into recession in the first three months of the year, after official figures were revised to …
Chancellor responds to news UK likely to avoid recession but will have one of highest inflation rates among G20Business live – latest updatesThe UK chancellor, Jeremy Hunt, has expressed concern about the persistence of Britain’s cost of living crisis …
Consumers increasingly claim that manufacturers are reducing the size of products, Barclays research findsHard-pressed consumers feel they are becoming the victims of food industry “shrinkflation” amid signs the UK’s persistent cost of living crisis is…
Mortgage market turmoil prompts record numbers of people to take out loans of more than 35 yearsHundreds more home loan deals have been pulled by banks and building societies since the end of last week while rates on new fixed mortgage deals are contin…
The Business Council is set up by British Chambers of Commerce backed by big companiesA new business lobby group backed by big companies including BP and Drax has been launched, a day before a key vote that will determine the future of the embattled Co…
Some payday loans have interest rates as high as 664% – but now Minnesota will cap them at 36%, in line with some other statesMeka Armstrong of Detroit, Michigan, has struggled in a cycle of debt from payday loans for years. She first took out a payday…
Move called ‘historic’ but agreement with Australia forecast to raise Britain’s GDP by only 0.08% by 2035The UK’s post-Brexit trade deals with Australia and New Zealand have come into force, a moment lauded by the government as “historic” despite criti…
Number of residential deals down by almost 7% in a week, new figures show, in echo of crisis that followed Liz Truss mini-budgetUK banks and building societies have pulled almost 800 residential and buy-to-let mortgage deals in the past few days amid g…