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Evening Standard
Rail strikes could last until 2026, union boss warns
Strikes by train drivers could continue for three more years, a trade union boss has warned.Aslef general secretary Mick Whelan spoke as the majority of Britain’s train services were cancelled on Friday due to industrial action.Train driver members of Aslef and the Rail, Maritime and Transport union (RMT) walked out in a long-running dispute over …
Business
Business Live
Big jewellery chains investing in Derbion
Three of the country’s biggest jewellery chains are expanding their presence in the Derbion Shopping Centre. Management at the Derby city centre shops complex said Goldsmiths, Beaverbrooks and Ernest Jones are all set to make significant investments this year. Beaverbrooks will undergo a full-store refurbishment this spring, expanding their presence to 2,350 sq ft, including …
Business
Evening Standard
NatWest boss U-turns on decision not to face MPs in bank probe
The boss of NatWest has U-turned on her decision not to appear in front of MPs next week as they scrutinise the UK’s biggest banks on why savings rates are so low while borrowing costs have spiked.Dame Alison Rose, NatWest’s chief executive, came under pressure from the Treasury Committee after saying she was too busy to …
Business
Evening Standard
Bank’s chief economist cautions over raising rates ‘too much’
The chief economist of the Bank of England has cautioned that it is important the Bank does not raise borrowing costs too high.Huw Pill’s warning came a day after the central bank hiked interest rates by 0.5 percentage points to 4% but indicated it could slow down recent rate-hiking activity.He told Times Radio that it …
Business
Sky News
Fresh travel misery as train drivers stage second strike this week
Rail passengers are facing fresh travel chaos today as train drivers hold another strike leaving large parts of the country with no services all day.Members of Aslef and the Rail, Maritime and Transport union (RMT) will walk out in a long-running dispute over pay and conditions. Operators said there would be severe disruption, with trains …
Business
Sky News
Apple, Amazon and Google all offer gloomy outlooks in quarterly results
Three of Silicon Valley’s largest companies posted disappointing financial results on Thursday, compounding concerns about a slowdown in the tech sector.Recession fears have hit both corporate and consumer spending globally, leading to the likes of Apple, Alphabet and Amazon all signalling a tough recovery from the highs of 2021. Alphabet, the parent company of Google, …
Business
Evening Standard
Grant Shapps urges suppliers to stop ‘outrageous’ forced meter fittings
Grant Shapps has urged energy companies to suspend the “outrageous” practice of forcibly installing prepayment meters following reports that British Gas had been sending debt collectors to “break into” customers’ homes.The Business, Energy and Industrial Strategy (BEIS) Secretary issued the plea on Thursday evening, shortly after a meeting between his department and the chief executive …
Business
Sky News
Ofgem tells suppliers to suspend forced installation of prepayment meters
The energy regulator Ofgem has asked suppliers to suspend the forced installation of prepayment meters and review their processes for dealing with customers who have fallen into arrears.Sky News understands the regulator made the request on Thursday after it was revealed that debt collectors working for British Gas had forced their way into the homes …
Business
Evening Standard
British Gas to stop using court warrants to fit prepayment meters by force
Ofgem has launched an investigation into British Gas following reports the firm has been sending debt collectors to “break into” customers’ homes to “force-fit” prepayment meters – including in vulnerable households.The energy giant will also be hauled in front of Energy Minister Graham Stuart to explain itself as the Department for Business, Energy and Industrial …
Business
Sky News
EDF suspends forced installation of prepayment meters after British Gas controversy
The energy company EDF has suspended the forced installation of prepayment meters while it reviews its processes. The French energy company, which has five million customers, says it carries out transfers to prepayment meters as a “last resort only when it is safe to do so”. In a statement, EDF outlined its processes for dealing with …
Business
Sky News
The claims about British Gas prepayment meters explained
British Gas has been hit with allegations its debt collectors broke into the homes of vulnerable customers to fit prepayment meters, after an undercover investigation by The Times. Here’s what we know so far about the claims, the evidence and the investigations that have been launched. What is British Gas accused of?British Gas is accused of …
Business
Sky News
Read between the lines and it’s clear the Bank thinks we are at – or near to – a peak in interest rates | Ed Conway
Back in the Soviet era, analysts would spend hours trying to read between the lines of the speeches and comments coming out of the Kremlin.Was there a hint buried in this or that paragraph about nuclear policy and the path of the Cold War? Today, economists do much the same thing with the noises coming …

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