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Sky News
‘Anti-democratic’: Unions condemn Kwarteng’s crackdown on strikes – and announce further action
Unions have condemned Kwasi Kwarteng’s plan to introduce a law that will require members to vote on pay offers before strikes can happen.The chancellor, announcing a mini-budget, said it was “unacceptable” industrial action was causing so much disruption – ahead of fresh rail strikes next week. He said other European countries had minimum service levels …
Business
Sky News
Why financial markets have been spooked by the mini-budget | Ian King
The markets were quick to respond to Kwasi Kwarteng’s ‘shock and awe’ mini-budget.The most spectacular reaction by far was in the bond market where yields on gilts (UK government IOUs) immediately spiked higher on the prospect of a big surge in government borrowing. Mr Kwarteng announced some £45bn worth of tax cuts and, along with …
Business
Business Live
North West business leaders react to Chancellor Kwasi Kwarteng’s mini Budget
North West business leaders have reacted to Chancellor Kwasi Kwarteng’s mini Budget which he outlined in the House of Commons on Friday morning. For a summary of all the key points from his statement, click here. Below, BusinessLive has rounded up views from leaders across the North West on each of the announcements made. READ …
Business
Business Live
Pets at Home, Co-op and The Very Group: The 29 latest North West hires and promotions
Companies large and small that are based all across the North West have made a series of top hires and promotions over the last week The likes of online retail giants, law firms and consultancies have all made announcements recently. Below, BusinessLive rounds up the latest hires and promotions we feel you should not miss. …
Business
Evening Standard
Government to borrow more than £70 billion to fund energy help and tax cuts
The Government will borrow an extra £70 billion over the coming months to fund its massive energy bills support for households and businesses.The combined energy schemes will cost around £60 billion over the first six months, the Chancellor announced on Friday.The business relief package, which provides companies with a discount on their bills, will cost …
Business
Evening Standard
Axing bankers’ bonus cap could fuel pre-2008 greed culture, lawyers say
The Chancellor’s decision to axe the cap on bankers’ bonuses has been met with backlash amid fears it will see the return of a “culture of greed” in the City as Britons suffer from a deepening cost-of-living crisis.The controversial decision will remove the limit on bankers’ annual pay-outs – which has been capped at 100% …
Business
Evening Standard
More rail workers to strike in long-running dispute
More rail workers will strike next month in the growing wave of industrial unrest sweeping the country, it was announced on Friday.The Transport Salaried Staffs Association (TSSA) said thousands of its members in Network Rail and a number of train operators will walk out on October 1 in the long-running dispute over pay, jobs and …
Business
Evening Standard
City Comment: Tax giveaways at odds with wider sentiment
Some warm words today from our new chancellor. Kwasi Kwarteng wants to “turn the vicious cycle of stagnation into a virtuous cycle of growth”, something he believes can be achieved by a bunch of supposedly City-pleasing tax cuts.How did the actual City react?Well, the pound fell below $1.12, the lowest since 1985, on fears in …
Business
Business Live
All the key points of the mini Budget
Here are the main points from Chancellor Kwasi Kwarteng’s statement on the economy in the Commons: – Mr Kwarteng began by saying “help is coming” for people with their energy bills, and that the energy price guarantee will limit bills for the average household to £2,500. – The Chancellor outlined Government support for businesses, telling …
Business
Evening Standard
At a glance: Key points from Kwasi Kwarteng’s mini-budget
Here are the main points from Chancellor Kwasi Kwarteng’s statement on the economy on Friday:– Mr Kwarteng began by saying “help is coming” for people with their energy bills, and that the energy price guarantee will limit bills for the average household to £2,500.– The Chancellor outlined Government support for businesses, telling MPs the energy …
Business
Business Live
New name for the Cardiff Motorpoint Arena
The Motorpoint Arena Cardiff has been renamed following the ending of a 10-year sponsorship deal. The 7,500 capacity music and event indoor arena in the centre of Cardiff, operated by Live Nation, has reverted back to its original name of the Cardiff International Arena which opened back in 1993. Live Nation, with its development partner …
Business
Business Live
Brewer Spadetown invests £800,000 in fermenting and canning machinery
A County Armagh brewery has invested £800,000 in new brewing equipment and canning machinery as it aims to grow sales throughout the Northern Ireland market. Spadetown Brewing Company, established in 2021 by the founder of Belfast IT company Novosco Patrick McAliskey as well as Martin Dumigan, has commissioned three new fermenters and installed a new …

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