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Chancellor is trying to to increase employment, but redundancies are up and wage growth has slowedUK pay growth slowdown adds to inflation squeeze on householdsThe last set of labour market figures before the budget provides a stark illustration of the…
E-bikes, home security cameras and frozen berries added to ONS list in sign of changing shopping habitsTwo ubiquitous consumer items of the 1990s – alcopops and CDs – will no longer count towards the monthly update of Britain’s cost of living after the…
Analysis by UK union shows large corporations have improved profits with price rises in cost of living crisisLarge corporations have fuelled inflation with price increases that go beyond rising raw materials and wages costs, pushing shopping bills to r…
The chancellor has room for giveaways in this week’s budget, but business and consumer groups fear he will hold them back for the electionJeremy Hunt is under pressure to be generous when he delivers his first budget speech since he became chancellor l…
Industry leaders expected to call for state intervention to avoid failure of hundreds of UK firmsThe UK government is coordinating an emergency meeting with tech firms, who are expected to call for state intervention to avoid the failure of hundreds of…
US regulators seize SVB’s assets after a run on the bank, as global institutions monitor situation closelyWhy did Silicon Valley Bank fail?US regulators rushed to seize the assets of top tech lender Silicon Valley Bank on Friday after a run on the bank…
From May, loyalty card holders will collect 3p of points for every £1 spent at health and beauty chain, down from 4pBoots is cutting the points per pound shoppers can earn on their loyalty card by a quarter, while offering discounts on its own-brand pr…
Chancellor likely to announce increase to £40,000 pension annual limit and lifetime allowanceJeremy Hunt is considering a boost for the pensions of middle-class professionals and more help with childcare for parents in next week’s budget, as he tries t…
January GDP growth of 0.3% bigger than expected, driven by education, health and recreation sectorsAnalysis: Economic growth of sorts, but UK plc is going nowhereBusiness live updates: UK economy returns to growthThe UK economy rebounded more than expe…
With inflation cooling rate-setter Swati Dhingra says higher borrowing costs pose ‘material risk’ to already-weak economyA senior Bank of England policymaker has said interest rates should be held at 4% amid signs of cooling inflation, rather than addi…