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Evening Standard
Inflation rises to 10.4% in surprise reversal of recent trend
Inflation rose to 10.4 per cent in February up from 10.1 per cent in January in a suprise reversal of a recent downward trend.The upward push is a result of food and non-alcoholic drink prices reaching their highest rate in more than 45 years. It may also force the Bank of England to raise interest …
Business
Evening Standard
Westminster City Council gives green light to £73 million Guinness Covent Garden brewery
A proposed new Guinness brewery in London’s Covent Garden has come a step closer to fruition after Westminster councillors approved a planning application by owner Diageo.The £73 million proposals, which include a bar, a learning space and a micro brewery, are scheduled to be opened in 2024 and are expected to attract as many as …
Business
Sky News
Premier League offers EFL £30m-a-year sweetener to seal football ‘New Deal’
The Premier League has offered a £30m-a-year sweetener to the rest of English football’s professional pyramid in an attempt to thrash out a deal over the sport’s future funding.Sky News has learnt that the top flight told the English Football League (EFL) last week it was prepared to hand over £125m extra every year, up …
Business
Sky News
Just Eat to axe 1,700 jobs and rely on gig economy workers for deliveries
Delivery giant Just Eat has announced it is to axe 1,700 jobs as it ceases to employ its delivery riders and drivers. Instead it will use gig economy workers to deliver food in the UK, as opposed to the hybrid system of employees and self-employed workers, despite strong comments by the chief executive against the …
Business
Sky News
Energy bills support drives public borrowing to record February high
“Substantial” government spending on energy bills support has sent public borrowing to an all-time February record, according to official figures.The Office for National Statistics (ONS) said the £16.7bn budget deficit was the highest for the month since records began in 1993. The total is up £9.7bn on February 2022 and greater than the £11.7bn that …
Business
Sky News
Tesco to cut value of Clubcard rewards scheme
Tesco is cutting the value of its Clubcard rewards scheme, with customers no longer able to get triple their value when they cash them in with scheme partners. The Tesco Clubcard reward partner scheme lets customers collect points while shopping and exchange them for vouchers for theme parks, restaurants and day trips. Points used to be …
Business
Sky News
Salad shortage and pub booze help drive surprise leap in inflation
The rate of inflation has taken a surprise leap, driven by a rising cost of alcoholic drinks in pubs and food – partly a consequence of the recent salad shortage.The Office for National Statistics (ONS) calculated the consumer prices index (CPI) measure of inflation at 10.4% over the 12 months to February. That was up …
Business
Sky News
UK’s role in the global financial sector, living pensions and foam
Ian King finds out about a plan published today that aims to reinvigorate the UK’s role as a global financial sector. He is joined by Andy Curran, the chief executive of Standard Life and Katherine Chapman, director at the Living Wage Foundation to discuss pensions, following last week’s budget. Ian speaks to the deputy prime …
Business
Sky News
Ex-Virgin Money chief Gadhia eyes sale of finance app Snoop
Snoop, the moneysaving app set up by the former boss of Virgin Money, is exploring a sale after receiving a series of unsolicited takeover approaches.Sky News has learnt that Snoop’s founder, Dame Jayne-Anne Gadhia, is working with bankers at Rothschild on plans to raise new capital or sell the company outright. Snoop was launched in …
Business
Sky News
Revealed: The food products that have ‘more than doubled in price’ over the past year
Mozzarella, cornflakes and brie are some of the food products to have more than doubled in price in the last year, new analysis has found. The cost of some everyday groceries has increased by more than 100%, consumer brand Which? found, when it looked at 25,000 food and drink products from eight major supermarkets. Own-brand …
Business
Business Live
North West misses out as headquarters of Great British Railways named
Crewe has failed in its bid to be named as the location to host the headquarters of new public sector body Great British Railways (GBR). Transport Secretary Mark Harper confirmed that Derby would be the location following reports that the East Midlands city had been successful in its bid. The other unsuccessful shortlisted locations were …
Business
Evening Standard
Derby confirmed as home of Great British Railways
Derby has been announced as the location to host the headquarters of new public sector body Great British Railways (GBR).Transport Secretary Mark Harper confirmed the decision on Tuesday following reports that the East Midlands city had been successful in its bid.The unsuccessful shortlisted locations were Birmingham, Crewe, Doncaster, Newcastle and York.Mr Harper said: “Among an …

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