Business and Economics
Business and Economics News
UK economy sees ‘feeble’ rebound in July as Bank of England could be forced to hike interest rates
"More concerning, July’s GDP remains below the level seen in May, pointing to an overall contraction over the first two months of summer."
Britain now the sixth largest economy as pound/ dollar parity approaches
Good luck turning this around, Liz Truss!
Manufacturing sector shrinks as recession looms – Ports and Brexit complications made matters worse
The inflationary clouds that have been building over the UK manufacturing industry have finally burst, with a dramatic fall in demand creating the sharpest reduction of new orders since May 2020,
Who is Patrick Minford? The economist backing Truss’s tax reforms
Spoiler: It's the same man who said there would be an “eight per cent drop” in the cost of living on “day one of leaving the EU”.
Reaction as British Gas pledge to donate 10% of profits to hard-up customers
Let's nationalise British Gas and donate 100 per cent of its profits to struggling customers, campaign group Momentum suggested.
Watch: James O’Brien dealt with the fury about Argos using gender-neutral language
Argos has come under attack from social media warriors for changing 'two-man delivery' to 'two-person delivery'.
Watch: Would North sea gas and oil revenues have solved cost of living crisis?
Lord Heseltine said that Margaret Thatcher squandered billions from North Sea oil on a short-term consumer boom when she should have invested it.
CEO pay at FTSE 100 companies jumps 39%
The jump in executive pay means that the average UK CEO now collects 109 times that paid to the average British worker.
UK inflation predicted to hit 19% by January
Shifts in energy prices will lead to inflation "entering the stratosphere", Citi bank say.