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Sky News
One in ten firms passing on higher prices as BoE chief economist says inflation spike worse than expected
Firms are increasingly putting up prices as they pass on soaring costs, according to new figures that are likely to add to fears of a squeeze on household budgets.Data from the Office for National Statistics (ONS) found 10% of businesses increased their prices in early September, up from 8% in mid-August and 4% in late …
Business
Sky News
Number of countries on travel red list slashed to seven with 47 destinations set to be removed
South Africa, Thailand and the Seychelles are among 47 countries being taken off England and Wales’ travel red list as it is slashed to just seven.As of 4am on Monday, 47 countries will be removed from the red list so travellers from those nations will no longer have to quarantine in a government-approved hotel for …
Business
Evening Standard
NatWest faces huge fine over money laundering
NATWEST today pleaded guilty to three accounts of money laundering and can expect a huge fine from watchdogs keen to clamp down against crime.The bank, previously Royal Bank of Scotland admitted that it failed to comply with the rules over a four-year period between November 2012 and June 2016.That’s a blow to Alison Rose, the …
Business
Business Live
The UK’s first carbon neutral potatoes about to hit the shelves
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Business
Business Live
British Steel unveils roadmap to Net Zero with investment pledge in green technology
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Business
Sky News
NatWest awaits ‘very large fine’ after admitting anti-money laundering failures
A court has been told that NatWest faces “a very large fine” after the bank admitted three charges relating to anti-money laundering failures.The case, which concerned “large cash deposits” of £365m into a sole UK customer’s accounts, was the first brought against a bank under money laundering regulations overseen by the Financial Conduct Authority (FCA). …
Business
Sky News
NatWest fined £265m for failing to stop ‘drugs gang’ laundering bin bags stuffed with cash through branches
NatWest has been fined £265m after it admitted a string of anti-money laundering failures related to the activities of a suspected “drugs gang” behind deposits worth hundreds of millions of pounds.Prosecutors told London’s Southwark Crown Court that bags of cash were taken to 50 branches between 2012 and 2016 and deposited into accounts linked to …
Business
Business Live
Strong growth from sole trader to 16-strong team sees town base taken by builder
Business
Business Live
ADVERTORIAL: Businesses urged to apply for critical new funding to help them thrive and grow after Covid
Businesses across Newcastle, North Tyneside and Northumberland could benefit from grant funding for innovation projects thanks to a new grant designed to accelerate the region’s economic recovery. Contributing 50% of eligible business spend towards Innovation Projects totalling between £10,000 and £20,000 (excluding VAT), it has been launched by the North of Tyne Combined Authority through …
Business
Business Live
Cardiff communications agency launches new service to counter fake news
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Business
Sky News
Heavy industry leaders call for ‘urgent action’ as electricity supply set to be tighter than last year
Industry leaders have called for “urgent action” amid warnings the electricity supply in the UK is set to be tighter this winter than last year.The National Grid electricity system operator said in a report on Thursday that the UK faces tight electricity supplies because of rising demand and capacity constraints but declared the lights should …
Business
Sky News
Regulator closes BA-Ryanair COVID refunds probe on ‘lack of legal clarity’
The competition regulator says it has closed down an investigation into whether British Airways (BA) and Ryanair broke the law by failing to offer refunds for flights customers could not legally take during coronavirus lockdowns.Following a swell of complaints from passengers and consumer groups, the Competition and Markets Authority (CMA) launched an inquiry in June …

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