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Call for food price caps ‘completely preposterous’, says M&S boss
UK NewsBusiness

Call for food price caps ‘completely preposterous’, says M&S boss

Stuart Machin argues government should reduce tax and regulatory burden on supermarkets insteadTreasury’s supermarket food price cap wheeze was bananas...

The Guardian - UK News4 months ago
UK inflation slows to 2.8% as energy price cap softens impact of rising fuel costs
UK NewsBusiness

UK inflation slows to 2.8% as energy price cap softens impact of rising fuel costs

Lower than expected April annual rate a lift for Rachel Reeves as impact of Iran war yet to fully hit householdsBusiness live – latest updatesUK inflation slowed to 2.8% in April, the lowest rate in m...

The Guardian - UK News4 months ago
Scrap stamp duty and council tax to fix London housing crisis, thinktank says
UK NewsBusiness

Scrap stamp duty and council tax to fix London housing crisis, thinktank says

Centre for London report finds levy on property wealth would free up homes, fund social housing and help renters save for depositsStamp duty should be scrapped and replaced with a new property wealth...

The Guardian - UK News4 months ago
UK supermarkets urged to consider voluntary price caps on essential foods
UK NewsPoliticsBusiness

UK supermarkets urged to consider voluntary price caps on essential foods

Retail sources rebuff government proposal as ‘unjustified’ and likely to push costs up across boardUK supermarkets have been asked by the government to consider freezing the prices of some essential f...

The Guardian - UK News4 months ago
Spending watchdog warns £38bn cost of Sizewell C nuclear plant is ‘risky’
UK NewsPoliticsBusiness

Spending watchdog warns £38bn cost of Sizewell C nuclear plant is ‘risky’

National Audit Office says potential benefits are ‘considerable but uncertain’ while risks are ‘immediate and substantial’The cost of the government’s £38bn nuclear plant in Suffolk is subject to “sig...

The Guardian - UK News4 months ago
Billionaire Trump donor in line to make millions from Thames Water bid
UK NewsBusiness

Billionaire Trump donor in line to make millions from Thames Water bid

Paul Singer is founder of a leading creditor in the hedge fund consortium locked in talks with the UK governmentA billionaire Donald Trump donor could make millions from a deal being struck between th...

The Guardian - UK News4 months ago
NS&I to contact bereaved families owed £367m after missing savings scandal
UK NewsBusiness

NS&I to contact bereaved families owed £367m after missing savings scandal

The bank’s interim chief executive says ‘this issue should never have happened’, but warns it may take time to process claimsNational Savings and Investments bank will start to contact thousands of fa...

The Guardian - UK News4 months ago
Energy bills will rise by £209 a year to £1,850 from July, forecaster says
UK NewsBusiness

Energy bills will rise by £209 a year to £1,850 from July, forecaster says

Cornwall Insight predicts rise in price cap of nearly 13% in Great Britain as Iran war pushes up gas costsEnergy bills for households in Great Britain could increase by more than £200 a year to almost...

The Guardian - UK News4 months ago
HS2 bill could rise to £102bn with first trains delayed until 2039, government admits
UK NewsPoliticsBusiness

HS2 bill could rise to £102bn with first trains delayed until 2039, government admits

Transport secretary Heidi Alexander blames Conservative government for ‘obscene increase in times and costs’The HS2 high-speed railway will now cost up to £102.7bn and trains will not start running be...

The Guardian - UK News4 months ago
‘This keeps the dream alive’: the bands sleeping at venues to make touring work
UK NewsBusinessEntertainment

‘This keeps the dream alive’: the bands sleeping at venues to make touring work

A new UK scheme is encouraging venues to provide accommodation for touring acts. But what if someone hurls a TV through a window?Touring has become increasingly financially precarious for grassroots a...

The Guardian Music4 months ago
Old Spanish Hen? Estrella owner buys Greene King ale brand
UK NewsBusinessLifestyle

Old Spanish Hen? Estrella owner buys Greene King ale brand

Pub owner’s sale to Barcelona-based brewer Damm is latest takeover of a British beer by an overseas buyerPub chain Greene King has agreed to sell its Old Speckled Hen ale brands to the Spanish owner o...

The Guardian - UK News4 months ago
Standard Chartered to cut more than 7,000 jobs as it steps up AI use
UK NewsBusinessTechnology

Standard Chartered to cut more than 7,000 jobs as it steps up AI use

London-headquartered bank will reduce back-office jobs and aims to move some workers to new rolesStandard Chartered plans to cut more than 7,000 jobs over the next four years as it increasingly uses a...

The Guardian - UK News4 months ago
UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war
UK NewsPoliticsBusiness

UK unemployment unexpectedly rises to 5% as firms squeezed by Iran war

Pay growth eases to 3.4% as businesses face pressure from soaring energy costsAnalysis: No feelgood factor for ReevesUnemployment in the UK has unexpectedly risen to 5% while wage growth has slowed, a...

The Guardian - UK News4 months ago
No feelgood factor for Reeves as Iran war snuffs out economic upturn
UK NewsPoliticsBusiness

No feelgood factor for Reeves as Iran war snuffs out economic upturn

Rise in unemployment and weak pay growth underline how tough this year will be for UK householdsUK unemployment unexpectedly rises to 5%News that the UK unemployment rate jumped back to 5% in March ap...

The Guardian - UK News4 months ago
At least 15m Britons not saving enough to retire, Pensions Commission says
UK NewsBusiness

At least 15m Britons not saving enough to retire, Pensions Commission says

Just 4% of self-employed workers are putting cash into pensions, with ‘large groups across the UK facing a severe cliff-edge’Millions of people across Britain are facing a “cliff edge” when they retir...

The Guardian - UK News4 months ago
Thames Water rescue deal threatened by uncertainty over next prime minister
UK NewsBusiness

Thames Water rescue deal threatened by uncertainty over next prime minister

Exclusive: Potential investors fear Andy Burnham could push to bring utility companies into public ownershipA rescue deal for Thames Water is under threat because of a potential change in prime minist...

The Guardian - UK News4 months ago
Belfast harbour operator to invest £1.3bn as NI economy grows
UK NewsBusiness

Belfast harbour operator to invest £1.3bn as NI economy grows

Port has upgraded offshore wind facilities and is to expand quays, ferry terminals and cruise ship servicesThe operator of Belfast harbour plans to spend £1.3bn over the next 25 years to take advantag...

The Guardian - UK News4 months ago
Halifax could disappear from UK high streets as Lloyds assesses branding strategy
UK NewsBusiness

Halifax could disappear from UK high streets as Lloyds assesses branding strategy

Bank founded 174 years ago could be phased out from as early as 1 July as part of group’s reviewBosses at Lloyds Banking Group are considering axing the Halifax as a standalone brand, as part of a swe...

The Guardian - UK News4 months ago
Avanti West Coast to cut one in seven trains on its busiest intercity routes
UK NewsPoliticsBusiness

Avanti West Coast to cut one in seven trains on its busiest intercity routes

Train operator says passenger demand will still be met as it trims summer timetable at government’s behestAvanti West Coast is to cut about one in seven trains on its busiest intercity routes this sum...

The Guardian - UK News4 months ago
I warned that putting post offices into WH Smith branches would put them at risk | Letters
UK NewsPoliticsBusiness

I warned that putting post offices into WH Smith branches would put them at risk | Letters

Liz McInnes says her fears about the move back in 2019 are coming true as towns such as Middleton will lose access to postal services with TG Jones closingIn 2019, I warned the Conservative government...

The Guardian - UK News4 months ago