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Insolvency Service reports 19% rise from August 2022’s figures as firms fight high interest rates and falling salesBusiness live – latest updatesThe number of companies going bust jumped by almost a fifth in August compared with a year earlier as the t…
Weak consumer spending as, people – especially in Germany, the EU’s largest economy – put more into savingsECB raises interest rates to highest level since euro launchedInterest rates went up again across the eurozone on Thursday – probably for the las…
French supermarket chain labels products that have shrunk in size but cost more before contract talks with suppliersThe French supermarket chain Carrefour has put labels on its shelves this week warning shoppers of “shrinkflation”, the phenomenon where…
Central bank’s president hints this may be the peak for rates in drive to bring down stubborn inflationThe European Central Bank has raised interest rates to the highest level since the launch of the euro to tackle stubbornly high inflation, despite fe…
German-owned discount chain reports 18% sales rise and extra market share but inflation cost it £100m to keep prices lowDiscount supermarket chain Lidl has revealed its British arm swung to an annual loss after battling to keep a lid on prices as its c…
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…
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…
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…
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 …