Keir Starmer’s Labour government has been warned that its tough stance on benefits risks costing the UK economy more than £38 billion a year while pushing more people into poverty and increasing pressure on public services. The anti-poverty charity the Trussell Trust said that, despite Labour’s repeated promises of noContinue Reading
Britain’s biggest supermarkets are pumping hundreds of millions of pounds into promotional deals as competition in the grocery sector heats up amid ongoing cost of living pressures. Almost 30 per cent of supermarket spending was on special offers and discounts in the four weeks to 20 April, according to figuresContinue Reading
President Trump is preparing to soften the blow of his new car tariffs by introducing measures that would prevent stacking duties and offer partial reimbursements to US carmakers for imported parts. The car tariffs, which came into effect on April 3 and are set to extend to car parts onContinue Reading
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails The Grangemouth refinery has now ceased processing crude oil, its owner Petroineos has confirmed. TheContinue Reading
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails National Express owner Mobico has announced the departure of its boss as the transport giantContinue Reading
Airbus has finalised a major deal to acquire parts of Spirit AeroSystems’ UK business, including the historic Short Brothers factory in Belfast and key operations in Prestwick, as it moves to secure critical components for its aircraft production lines. The agreement follows Boeing’s $4.7 billion takeover of Spirit last year,Continue Reading
HSBC has set aside $876 million to cover expected bad loans, warning of growing risks from President Trump’s escalating trade war and protectionist policies that are disrupting global commerce. In its first-quarter results, the FTSE 100-listed bank revealed that $150 million of the provision was linked directly to “deterioration inContinue Reading
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails HSBC’s quarterly pre-tax profit fell by 3.2 billion dollars (£2.4 billion) amid a period ofContinue Reading
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails A preferred buyer for the UK’s largest water company would “multiply” the problems of theContinue Reading
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails The FTSE 100 rose slightly on Monday, extending its more than two-week long winning streak.Continue Reading
