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Chain’s CEO Simon Wolfson warns of ‘very challenging’ 2023 after signalling price rises of 7%The UK clothing and homeware retailer Next has reported a smaller than expected drop in sales in recent weeks but expects a bigger decline in the spring quarte…
Keir Starmer’s U-turn on pledge to abolish university tuition fees is poorly timed just before local electionsA month before the 1992 general election, which the Tories won even though many expected to see Labour in Downing Street, shadow chancellor Jo…
Central bank announces 10th straight increaseSign up to receive First Thing – our daily briefing by emailJim Clyburn, a key Democratic House representative from South Carolina who served as House majority whip, endorsed fellow Democratic representative…
Department is worst for publishing spending data, records show, with ministers apparently in breach of guidelinesTreasury ministers appear to have broken government guidelines by failing to publish details of their department’s spending for several mon…
Lib Dem leader calls for watchdog to probe reports of big retailers and food multinationals inflating markupsBritain’s biggest supermarkets are facing calls for the UK’s competition watchdog to investigate claims of profiteering amid the cost of living…
FSB says business confidence is rising but soaring costs and weakening demand is still slowing growthSmall businesses across Britain are warning that the cost of living squeeze is holding back economic growth, after two in five company bosses reported …
Institute of Directors index returns to levels last seen just before Russia’s invasion of Ukraine in 2022Business confidence has increased for the fifth month in a row, according to a regular health-check by bosses’ lobby group the Institute of Directo…
Deadline of Sunday set for companies such as JPMorgan Chase to table offer for California bank whose shares have plummetedUS regulators are racing to secure the sale of California bank First Republic, which is on course to become the third American len…
Retailer warns that growth may slow in coming months because of inflation and cost of living crisisPrimark has reported strong first-half sales growth helped by higher prices and a return of tourists and office workers across the UK’s cities, but said …
Better than expected figures could give Jeremy Hunt wriggle room to cut taxes or increase spendingThe UK government borrowed about £13bn less than expected last year, official figures show, despite the budget deficit reaching the fourth-highest level o…