Latest Stories All Stories

Business
Sky News
UK forecast to have highest inflation rate among G7 nations
The UK economy will have the highest inflation rate among the world’s richest nations this year, according to new forecasts.The Paris-based Organisation for Economic Co-operation and Development (OECD) said in its interim economic outlook report that it expected the UK’s inflation rate to average 7.2% during 2023. That was a rise on its previous forecast …
Business
Sky News
‘A joke’: Farage fury as ‘no evidence’ found of bank account closures due to political views
The City regulator has found no evidence that banks are closing accounts on the basis of customers’ personal views, prompting a furious response from Nigel Farage.The Financial Conduct Authority (FCA) had been investigating the issue covering the 12 months to June in the wake of the so-called de-banking row that engulfed NatWest Group in relation …
Business
Sky News
‘In the right area’: Ex-Bank of England governor urges interest rate caution
A former governor of the Bank of England has told Sky News that while it was too slow to turn off the stimulus taps after the COVID pandemic, its actions to tame inflation are now “in the right area.”Lord Mervyn King, who presided over the Bank‘s response to the global financial crisis in 2008, was …
Business
Sky News
Post Office Horizon victims offered £600,000 of compensation
The government has announced a new fixed sum payment for victims of the Post Office Horizon scandal in an effort to provide quicker compensation.An award of £600,000 is on offer to the 86 postmasters who have had their convictions over turned after faulty Horizon software made it appear they were stealing as money looked to …
Business
Sky News
Chancellor offers olive branch to ailing CBI business group 
The chancellor has offered an olive branch to the CBI, the stricken business lobbying group, by agreeing to meet its boss for the first time since a sexual misconduct scandal erupted in the spring.Sky News has learnt that Jeremy Hunt has agreed to hold in-person talks with Rain Newton-Smith, the CBI director-general, in the run-up …
Business
Euro News
Spain sees better-than-expected post-COVID growth
Business
Sky News
There were bombs buried through the UK economy – and then Liz Truss sparked a credibility crisis
It’s worth saying at the outset that not everything that went wrong last autumn – with Britain’s financial markets plunged into chaos and the pound sliding to the lowest level ever against the US dollar – can be laid at the door of Liz Truss.There were plenty of other explanations for why the UK was vulnerable …
Business
Sky News
British-based electric van group races to secure Arrival of rescue bid
A British-based company that boasted that it would be a global pioneer in electric vehicle manufacturing is trying to seal a rescue takeover within weeks.Sky News has learnt that advisers to Arrival, which is listed on New York’s Nasdaq stock exchange, have told prospective bidders that the company’s financing requirements mean a deal would need …
Business
Sky News
Unrepentant Truss lays blame for economic woes elsewhere – but admits going too far, too fast
An unrepentant Liz Truss has sought to blame a left-wing infiltration of thinktanks, the Bank of England and other “institutions” for the market turmoil during her brief premiership.Ms Truss was speaking at an Institute for Government event about what she believes are the issues with the UK economy. Her 49 days as prime minister – …
Business
Business Live
North East’s starring role in chart-topping future jobs podcast series
Some of the North East’s most prominent technology companies take centre stage in the latest episode of a major business podcast. Jimmy’s Jobs of the Future, which is hosted by former special adviser to Rishi Sunak, Jimmy McLoughlin, arrived in the region to investigate the strength of its tech sector. The team behind the show …
Business
Evening Standard
Pendragon shares surge after £250m sale of UK car dealerships agreed
Car dealership group Pendragon has seen its shares surge after agreeing the proposed sale of its UK motor business to US giant Lithia Motors for £250 million.The company’s share price was up by more than 25% on Monday morning after the deal was announced.The sale of the entire UK motor and leasing business, which includes …
Business
Euro News
Société Générale to halve oil and gas exposure by 2025

BusinessAT

Bringing you the latest stories from around the world

Editorial: [email protected]

Social Media:

General

Resources