UK borrowing hits highest December level on record
22/01/2021 | news | business | 461
Government borrowing hit £34.1bn last month, as the cost of pandemic support measures weighed on the economy.
Shoppers stuck at home shun new clothes in 2020
22/01/2021 | news | business | 887
Clothing was the hardest-hit sector last year, seeing a 25% drop in sales overall.
Brexit: Retailers warn they could burn goods stuck in EU
22/01/2021 | news | business | 2,921
UK retailers may abandon goods EU customers want to return because it is cheaper than bringing them home.
Brexit: Nissan commits to keep making cars in Sunderland
22/01/2021 | news | business | 5,149
The Japanese car maker has told the BBC its Sunderland plant is secure for the long term.
Marmite maker Unilever to insist suppliers pay 'living wage'
21/01/2021 | news | business | 502
Unilever says that by 2030 suppliers must pay staff enough to cover a family's basic needs.
Low-deposit mortgages return after Covid slump
20/01/2021 | news | business | 776
There has been a fourfold increase in mortgage products for those offering a 10% deposit.
Covid: 'No furlough because they shut the company'
20/01/2021 | news | business | 559
Out-of-date tax systems mean people are falling through the cracks for help, MPs say.
Inflation: Cost of living up despite Covid Christmas curbs
20/01/2021 | news | business | 812
The UK inflation rate jumps to 0.6% in December from 0.3% in November, led by higher transport costs.
Brexit: Government considers scrapping some EU labour laws
20/01/2021 | news | business | 929
Labour accuses Kwasi Kwarteng of "unpicking" workers' rights, as minister confirms he will review rules.
£23m support fund for struggling fishing firms
20/01/2021 | news | business | 472
It comes as industry workers warn their livelihoods are at risk due to Brexit border problems.
Vauxhall: Future of Ellesmere Port hangs in the balance
19/01/2021 | news | business | 122
Vauxhall's parent company warns it will no longer invest in pure diesel or petrol cars at Ellesmere Port.
Tokyo Olympics 'unlikely to go ahead in 2021'
19/01/2021 | news | business | 55
Former London 2012 Olympics boss says Tokyo event likely to be disrupted by Covid-19 pandemic.
HSBC to close 82 branches this year
19/01/2021 | news | business | 476
The bank has named the branches that will close between April and September, but aims to avoid redundancies.
Covid: Cash refusal 'creeping into UK economy'
19/01/2021 | news | business | 2,698
A survey by consumer group Which? raises concerns over coronavirus leading to more cashless stores.
Superdry warns of uncertainty amid Covid sales hit
19/01/2021 | news | business | 43
The fashion chain says its cash pile is strong as lockdown leads to a sharp drop in sales.
CBI calls for more business support before Budget
19/01/2021 | news | business | 96
The business lobby group calls for the extension of support schemes for firms affected by Covid.
Big businesses told to speed up payments to small suppliers
19/01/2021 | news | business | 24
Changes to the Prompt Payment Code mean large companies will have half as long to pay small firms.
EasyJet Holidays sees summer bookings surge 250%
18/01/2021 | news | business | 62
'People want to go on holiday,' says the airline's boss, as bookings for this summer rise sharply.
Trampoline prices 'to soar 50% on shipping costs'
18/01/2021 | news | business | 1,202
The owner of a toy retailer says high transport costs may mean larger toys become more expensive.
UK economy shrank by 2.6% in November as services suffered
15/01/2021 | news | business | 2,004
Coronavirus restrictions in England affected services, with pubs and hairdressers badly hit.
Insurers must pay many small firms for Covid lockdown losses
15/01/2021 | news | business | 1,424
A Supreme Court ruling provides a lifeline for many firms that had business interruption insurance.
Brexit: 'Most difficult week I've had in this job in 20 years'
15/01/2021 | news | business | 2,663
Some hauliers say they have faced long delays and fear things will get worse before they get better.
Primark refuses to go online despite £1bn lockdown loss
14/01/2021 | news | business | 619
The retailer insists it has no plans to move online, despite warning shop closures could cost it £1bn.
Covid-19: New test rule for England arrivals pushed back to Monday
14/01/2021 | news | business | 42
A negative test had been due to be required from Friday, but ministers said people needed time to prepare.
Tesco: Brexit disruption 'is a challenge not a crisis'
14/01/2021 | news | business | 1,577
New Brexit trade rules mean Britain's biggest supermarket faces problems importing some fruit, meat and ready meals.
Covid-19: Passengers told to check train times as routes cut
14/01/2021 | news | business | 12
Services in England are being cut from 87% of normal levels to 72%, the Rail Delivery Group says.
Over-50s rush to book holidays as vaccine boosts confidence
14/01/2021 | news | business | 964
Tui, the UK's largest tour operator, says 50% of bookings on their website are currently by over-50s.
Brexit will increase food supply chain costs, warn business groups
13/01/2021 | news | business | 1,774
More red tape after the EU trade deal will raise food and manufacturing costs, business groups tell MPs.
Morrisons to be first UK supermarket to pay minimum £10 an hour
13/01/2021 | news | business | 587
Rival supermarkets defend their pay, with Asda saying looking at hourly rates does not tell the whole story.
Lockdown Christmas hits: Lidl pink prosecco and takeaways
13/01/2021 | news | business | 38
Lidl, Just Eat and Asos say demand for fizz, takeaways and clothes all rose during December.
Customs staff: Vaccinate us to keep trade flowing
13/01/2021 | news | business | 163
One operator told the BBC his staff were working up to 16 hours a day to help traders.
Tesco, Asda and Waitrose ban shoppers without face masks
12/01/2021 | news | business | 3,369
It follows similar moves by Morrisons and Sainsbury's, but those with medical reasons will be exempt.
Families 'struggling to pay for funerals'
12/01/2021 | news | business | 126
A report suggests there is a widening gap in the cost of funerals in different parts of the UK.
Royal Mail names areas hit by Covid postal delays
12/01/2021 | news | business | 1,339
Deliveries may be delayed in 28 areas due to "resourcing issues", the postal group says.
Retail sales in 2020 'worst for 25 years'
12/01/2021 | news | business | 624
A slump in demand for fashion and homeware during lockdown left many retailers struggling.
Covid-19: New test rule for UK arrivals from Friday
11/01/2021 | news | business | 103
International travellers will have to take a Covid test up to 72 hours before departing.
Covid: Morrisons and Sainsbury's ban maskless shoppers
11/01/2021 | news | business | 5,785
People refusing to wear face coverings who are not medically exempt will not be allowed to shop inside.
Covid: 'I’m one of those people who’s been left out'
11/01/2021 | news | business | 265
An industry group wants more state help for people like Jon Wilding, whose business is hit by the pandemic.
Online retailer Ocado warns of shortages as suppliers cut choice
10/01/2021 | news | business | 243
It said there may be "an increase of missing items and substitutions over the next few weeks".
Brexit: M&S temporarily cuts hundreds of products in NI
08/01/2021 | news | business | 11,810
Criticism of new Brexit trade rules is growing as firms warn of more bureaucracy, higher costs and delays.
Renters: Eviction bans in England and Wales are extended
08/01/2021 | news | business | 289
Councils will also be given extra funding to accommodate rough sleepers, ministers announce.
Lockdown fashion: 'People are back in their pyjamas'
08/01/2021 | news | business | 400
Marks & Spencer's clothes sales overall fall nearly a quarter, but pyjamas are back in fashion.
Soaring house prices in 2020 likely to slow this year, says Halifax
08/01/2021 | news | business | 998
The lender says it expects "downward pressure on house prices" in 2021 following annual rise of 6% last year.
Shoppers told not to buy more than normal
06/01/2021 | news | business | 1,044
Stores seek to reassure shoppers that there is no need to bulk-buy in new lockdown.
Government offers firms new grants to survive lockdown
06/01/2021 | news | business | 2,322
Business groups welcomed the new help as a good start but said more aid and a clear plan would be needed.
Greggs faces first loss for 36 years as lockdown bites
06/01/2021 | news | business | 778
The bakery chain says it does not expect profits to return to pre-Covid levels until 2022 at the earliest.
FTSE 100 chief executives 'earn average salary within 3 days'
06/01/2021 | news | business | 1,645
FTSE 100 chiefs will by Wednesday have earned more this year than the average worker's annual wage.
UK new car registrations in 2020 sink to 30-year low
06/01/2021 | news | business | 414
New 2020 car registrations sink to a 30-year low and see biggest one-year drop since the Second World War
Virgin joins Tui and Thomas Cook in cancelling holiday bookings
05/01/2021 | news | business | 1,388
Virgin Holidays joins Tui and Thomas Cook in cancelling holidays after latest coronavirus restrictions.
Train services set to be reduced in lockdown
05/01/2021 | news | business | 162
Some in the industry are anticipating reductions of between 50-60% of normal service in England.
Paperchase on the brink of administration
05/01/2021 | news | business | 513
The stationery chain which has 127 stores and around 1,500 employees says shop closures hit it hard.
Supermarket websites struggle amid new lockdown
05/01/2021 | news | business | 708
Demand surges as shoppers rush to secure online delivery slots following news of another lockdown.
Champagne puts fizz in Morrisons' Christmas sales
05/01/2021 | news | business | 395
The supermarket saw strong trading over the key Christmas period, with a jump in sales of salmon too.
UK 'cannot duck' post-Covid inequalities, report warns
05/01/2021 | news | business | 698
A growing divide over education, jobs, and ethnicity threaten the fabric of society, says Nobel laureate's study.
EU firms refuse UK deliveries over Brexit tax changes
04/01/2021 | news | business | 8,377
Some EU specialist firms stop delivering to the UK because of tax changes that took effect on 1 January.
'Furlough mums and dads while schools are off' says TUC
04/01/2021 | news | business | 421
Trades unions urge bosses to support parents trying to balance work and childcare.
Coronavirus: Government urged to use pharmacies to give vaccine
30/12/2020 | news | business | 933
Pharmacies ask government to employ its high street network to accelerate delivery of newly approved vaccine.
Stock markets and pound rise ahead of Brexit deal
24/12/2020 | news | business | 526
UK markets close for Christmas in upbeat mood, hours before the Brexit trade deal is announced.
EU to allow post-Brexit UK farm produce exports
24/12/2020 | news | business | 752
While this is a "critical step forward", seed potatoes are not included because of EU regulatory fears.
Pound gains on hopes a Brexit trade deal is close
23/12/2020 | news | business | 475
Reports suggest a deal between the UK and EU could be announced later on Wednesday.
Lufthansa airlifts food to the UK amid lorry chaos
23/12/2020 | news | business | 543
The German airline is flying in fresh fruit and vegetables for shops such as Tesco and Sainsbury's.
Redundancy plans fall after furlough extension
23/12/2020 | news | business | 54
36,700 redundancies were planned in Britain in November, the lowest figure since March
How dependent is the UK on the EU for food?
23/12/2020 | news | business | 635
France's ban on freight from Britain caused havoc for lorry drivers, but will it affect shoppers?
Tesco puts buying caps on several products
22/12/2020 | news | business | 2,636
The move by Britain's biggest supermarket comes amid shortage fears due to disruption at UK ports.
Ports chaos 'bad for trust and post-Brexit trade'
22/12/2020 | news | business | 1,699
The food industry says port disruption makes it hard for foreign firms to trust UK exporters post-Brexit.
UK borrowing hits highest November level on record
22/12/2020 | news | business | 1,371
The government borrowed £31.6bn last month as it continued to support the economy during the pandemic.
Shares fall as new Covid strain spooks investors
21/12/2020 | news | business | 1,524
Wall Street slips after Europe markets fall over the UK's new Covid-19 variant.
DHL and Royal Mail warn on parcel disruption
21/12/2020 | news | business | 22
Delivery chaos comes days before Christmas and follows fears about a new strain of the coronavirus in the UK.
Refunds pledge for scrapped Christmas travel plans
21/12/2020 | news | business | 173
All cancelled rail or coach journeys over Christmas in England will be refunded, the government says.
Covid-19: 'Serious disruption' feared as Dover halts traffic to France
21/12/2020 | news | business | 2,845
France will stop lorries arriving from the UK for 48 hours amid concerns about a new coronavirus variant.
'Stop-start' Covid rules cost shops £2bn a week, says industry
20/12/2020 | news | business | 1,343
Retailers warn more jobs and businesses are at risk as non-essential shops are forced to close.
Shell shocked: 'Lobster capital' braces for Brexit
18/12/2020 | news | business | 35
Live shellfish exporters in East Yorkshire and Devon say new certification requirements are 'unworkable'
Cyberpunk 2077: Sony pulls game from PlayStation while Xbox offers refunds
18/12/2020 | news | business | 540
The unprecedented move comes as players say the game is riddled with bugs and glitches.
Pre-Christmas lockdown restrictions hit retail sales
18/12/2020 | news | business | 383
Sales fell by 3.8% last month, bringing to an end a six-month streak of rising trade.
Openreach creating 5,300 new jobs to speed fibre rollout
18/12/2020 | news | business | 110
The wholesale internet division of BT has been told to speed up the rollout of ultra-fast connections.
Rishi Sunak extends furlough scheme for another month
17/12/2020 | news | business | 896
Chancellor Rishi Sunak extends the furlough scheme for one month until the end of April 2021.
Port of Dover facing 'unnecessary holdups' on 1 January
17/12/2020 | news | business | 281
The company managing the port says lack of government support will make the transition "more challenging".
Fraud victims' pay deducted for money they don't owe
17/12/2020 | news | business | 59
Letters sent from the DWP demanding repayment of benefits they have never claimed or received.
Future of economy 'unusually uncertain', warns Bank of England
17/12/2020 | news | business | 323
The Bank of England says trying to predict economic progress is hampered by a lack of a Brexit deal.
BA drops 15 long-haul routes including Seoul and Seychelles
17/12/2020 | news | business | 536
The news comes as many airlines cut staff and drop routes as passengers cut travel amid the pandemic.
Covid curbs scandalous, says Revolution Bars chief
17/12/2020 | news | business | 324
Chief executive Rob Pitcher says the government is "sacrificing businesses and people's livelihoods".
UK and US in talks over mini trade deal
17/12/2020 | news | business | 1,221
US trade chief Robert Lighthizer says he is working with Liz Truss on a deal to reduce trade tariffs.
'My season rail pass has risen £12,000 since 1997'
16/12/2020 | news | business | 674
Fares will rise more than expected next year, although the 2.6% increase will be delayed until March.
Clothing and food price falls drive down UK inflation
16/12/2020 | news | business | 164
Lower prices for clothing and food push down the UK's inflation rate to 0.3% in November.
Heathrow wins court battle to build third runway
16/12/2020 | news | business | 990
In a blow to campaigners, judges say ministers' decision to approve the runway was legitimate.
Airlines investigated over lockdown refund cases
16/12/2020 | news | business | 73
The competition authority will study the refusal to pay cash refunds during England's second lockdown.
Brexit: Hornby stops non-UK orders due to price confusion
16/12/2020 | news | business | 500
The model train maker says it's in a difficult position and has paused all international orders until January 2021.
MPs slam 'woeful' plans to recover Covid-19 loans
16/12/2020 | news | business | 73
The Public Accounts Committee says taxpayers will lose out because billions of pounds may never be recovered.
Covid: Chaotic start for travellers' Covid testing system
15/12/2020 | news | business | 468
The Test to Release programme is supposed to cut quarantine times for people arriving in England.
Prioritise northern rail network over HS2, says report
15/12/2020 | news | business | 256
Linking close-by cities with an upgraded line will have a higher economic impact, a report says.
Hospitality worst-hit as unemployment rises again
15/12/2020 | news | business | 137
UK loses 819,000 paid jobs since start of pandemic, with a third of the cuts in hospitality.
Low-paid workers face pandemic 'double whammy'
15/12/2020 | news | business | 188
The Commission on Workers and Technology says the pandemic has accelerated the automation of low paid work.
Honda to resume UK output after problems at ports
13/12/2020 | news | business | 58
The Japanese carmaker says it will restart production on Monday after it struggled to import components.
Britons told not to stockpile food ahead of January
13/12/2020 | news | business | 1,113
Retailers tell shoppers they have enough supplies as uncertainty remains over the terms of Brexit.
Energy bills: Automatic switching plan for fairer tariffs
13/12/2020 | news | business | 743
Consumers could be automatically switched to cheaper deals when their contracts end.
Heathrow to shut Terminal 4 until end of next year
11/12/2020 | news | business | 170
The airport operator says passenger numbers fell sharply following a second lockdown.
UK banks can weather pandemic, says Bank of England
11/12/2020 | news | business | 384
Most risks to financial stability posed by Covid and a no-deal Brexit have been mitigated, the Bank says.
Tesco and Morrisons defy call to shut on Boxing Day
10/12/2020 | news | business | 2,094
The supermarkets will open but Asda gives staff the day off for working during the pandemic.
Britons could be barred from EU entry on 1 January
10/12/2020 | news | business | 1,289
EU pandemic rules and Brexit may restrict travellers from entering the European Union.
UK growth slows again in October as rebound stalls
10/12/2020 | news | business | 406
The UK's economy grew by just 0.4% in the month as the recovery continued to slow.
Brexit: UK and Singapore sign free trade agreement
10/12/2020 | news | business | 533
The deal is one of many aimed at replicating trade pacts that will cease when the UK leaves the EU.
UK has 'no authority' to impose tariffs in Boeing row says US
10/12/2020 | news | business | 300
The US says the UK has no place participating in the fight because it has left the EU.
Home sales rise but slowdown expected next year
10/12/2020 | news | business | 98
Demand from buyers is "losing a bit of steam" in some areas of the UK, surveyors report.
Tesco: Brexit 'could see people choose cheddar over brie'
09/12/2020 | news | business | 5,874
The chairman of Tesco says price rises related to Brexit could change what people choose to eat.
UK to drop US goods tariffs in bid for trade deal
09/12/2020 | news | business | 554
The move breaks ranks with the EU in a dispute with the US over subsidies for Boeing and Airbus.
'Price rises likely' due to UK shipping problems
09/12/2020 | news | business | 1,578
Businesses say importing goods to the UK is now so difficult, higher costs will be passed on to consumers.
'Tax the wealthy to pay for coronavirus'
09/12/2020 | news | business | 1,128
The government should consider a wealth tax to patch up the public finances, tax experts say.
Honda pauses production after UK port woes
08/12/2020 | news | business | 1,304
The Japanese carmaker temporarily stops production at its Swindon plant after UK ports congestion.
Under-18s banned from lottery scratchcards in crackdown
08/12/2020 | news | business | 635
The ban from next October is part of "a major review" of laws to protect children and vulnerable people.
Brexit food supply fears grow: 'It's too late, baby'
08/12/2020 | news | business | 2,126
The industry tells MPs it has not had enough time to prepare for the end of the Brexit transition period.
Covid: Christmas comes early as grocery sales 'hit record' in November
08/12/2020 | news | business | 532
Spending surged last month as eating out was restricted by England's national lockdown, figures suggest.
B&Q owner Kingfisher to return £130m in Covid rates relief
07/12/2020 | news | business | 103
DIY specialist Kingfisher becomes the latest retailer to hand back support, taking the total to £2bn.
Coronavirus: Weekend shopping returns but numbers down on 2019
07/12/2020 | news | business | 167
Christmas shoppers returned to stores in England this weekend, but footfall was down 25% on last year.
What will happen to closed High Street shops?
06/12/2020 | news | business | 347
As retail chains fade, town centres may have to find other ways to attract custom.
Lidl joins shops in repaying Covid rates relief
04/12/2020 | news | business | 273
Retailers have so far committed to handing back £1.9bn after some faced criticism from MPs.
Dune and Matrix 4 streaming plan prompts urgent talks from AMC cinemas
04/12/2020 | news | business | 441
Odeon owner AMC is alarmed by Warner Bros' plan to stream films in US as soon as they hit cinemas.
Primark predicts rising sales despite Covid hit
04/12/2020 | news | business | 171
The chain says recent lockdowns cost it £430m in sales, but trading since reopening has been strong.
Government to cut £1bn from rail budget
04/12/2020 | news | business | 281
The cut comes at a time when the industry is suffering from low passenger numbers due to the pandemic.
Asda joins rivals to pay back Covid rates relief
03/12/2020 | news | business | 500
The UK's biggest supermarkets will return £1.7bn after facing criticism for taking state support.
Supermarkets repay rates relief after backlash
02/12/2020 | news | business | 734
Morrisons follows Tesco's lead, with both supermarkets announcing plans to hand back a total £850m.
EasyJet to charge for overhead luggage lockers
02/12/2020 | news | business | 1,995
Customers who want to use overhead storage must buy more expensive tickets, the airline says.
Bonmarché collapses into administration
02/12/2020 | news | business | 535
More than 1,500 jobs are at risk following the collapse of the women's fashion chain.
UK among hardest hit nations by pandemic, says OECD
01/12/2020 | news | business | 271
Research by leading international agency suggests only Argentina will be worst hit by the pandemic.
Christmas comes early as people rush to buy trees
01/12/2020 | news | business | 156
It's a bumper year for British tree growers as customers look for some early festive cheer.
UK house price growth 'fastest for almost six years'
01/12/2020 | news | business | 1,127
Property price rises accelerated last month, the Nationwide says. but growth is set to slow next year. to pay £7m in holiday refunds
01/12/2020 | news | business | 255
More than 9,000 customers have yet to be repaid for cancelled package holidays amid the Covid crisis.
Covid: Shops in England can open 24 hours a day over Christmas
30/11/2020 | news | business | 1,419
Local authorities in England will be allowed to temporarily waive rules restricting retail opening hours.
Coronavirus: Investment scams quadruple since virus lockdown
30/11/2020 | news | business | 129
Fraudsters have been using more sophisticated tactics to steal millions from UK investors.
Topshop owner Arcadia on brink of collapse
27/11/2020 | news | business | 583
The company could make an announcement as soon as Monday - putting 13,000 jobs at risk.
Royal Mail could save £225m by cutting Saturday post, regulator says
27/11/2020 | news | business | 436
The postal regulator says it could drop weekend letter deliveries and still meet people's needs.
Rishi Sunak faces state pension conundrum
27/11/2020 | news | business | 1,482
Official forecasts suggest the state pension will rise by 4.1% in April 2022 when unemployment is high.
Black Friday: Next, M&S and Wilko shun sales event
27/11/2020 | news | business | 559
Although Black Friday spending in the UK is set to soar in 2020, some brands won't be taking part.
Spending Review: Council tax likely to rise, says think-tank
26/11/2020 | news | business | 3,370
The IFS says the Spending Review means council tax could rise an average £70 per household.
Covid tiers 'a mortal blow' to hospitality
26/11/2020 | news | business | 2,780
One bar owner says 'it simply isn't viable' to operate under restrictions as English tiers are revealed.
Covid crisis could 'cut pay by £1,200 a year by 2025'
26/11/2020 | news | business | 425
The virus is one of three "once in a lifetime" recent economic shocks says the Resolution Foundation.
Union backlash over public sector pay freeze
26/11/2020 | news | business | 363
Leaders of Britain's biggest unions vow to resist chancellor's freeze on workers who "risked everything".
Britons 'misunderstand and distrust economics data'
26/11/2020 | news | business | 307
Groups such as the media and politicians need to explain economics data better, a study suggests.
Covid: Pub industry warns it faces 'darkest of moments'
26/11/2020 | news | business | 196
More than 50 executives call for evidence justifying industry's Covid restrictions to be published.
Rishi Sunak warns 'economic emergency has only just begun'
25/11/2020 | news | business | 5,382
The pandemic will deal lasting damage to growth and jobs, the chancellor has warned.
Low-paid public sector workers to get £250 pay rise
25/11/2020 | news | business | 1,263
Pay will be frozen for at least 1.3 million public sector staff, but low-paid and NHS workers will get raises.
Spending Review: Millions face cut in value of workplace pensions
25/11/2020 | news | business | 1,324
Women and new retirees likely to be hit hardest by the planned change - but not before 2030.
Most Black Friday products 'were same price or cheaper' beforehand
25/11/2020 | news | business | 532
Nine in 10 products are the same price or cheaper before the sale, finds consumer group.
Northern England facing economic crisis 'worse than 1980s'
24/11/2020 | news | business | 387
Covid has increased regional inequalities, Labour Greater Manchester mayor Andy Burnham warns.
Pets at Home says pets have been 'a lifesaver' during lockdown
24/11/2020 | news | business | 298
Pets at Home reports soaring sales as people increasingly turned to animals for solace amid the pandemic.
Rishi Sunak's Spending Review: Four things to look out for
24/11/2020 | news | business | 904
The Spending Review marks the start of the chancellor's economic recovery strategy. Here's what to watch for.
British Airways' big sell-off: Champagne flutes and trolleys
23/11/2020 | news | business | 578
The airline is selling thousands of items, including memorabilia from its retired 747 aircraft.
Rishi Sunak says Spending Review will not spell austerity
23/11/2020 | news | business | 1,190
The chancellor says he will uphold pre-Covid funding pledges on police, nurses and schools.
British Gas faces strikes over pay and conditions row
20/11/2020 | news | business | 206
The GMB union ballots members over a worsening dispute about new "fire and rehire" contracts.
UK borrowing hits highest October level on record
20/11/2020 | news | business | 2,085
The government borrowed £22.3bn in October - its highest for the month since records began.
Early Christmas shopping helps boost retail sales
20/11/2020 | news | business | 171
Sales rose for the sixth consecutive month in October, official statistics show.
Covid: One in three UK hospitality firms fear collapse
19/11/2020 | news | business | 182
The sector, which has been hit hard by Covid, is the most downbeat about its prospects, data suggests.
Cineworld eyes UK cinema closures and rescue deal
19/11/2020 | news | business | 513
The cinema chain has appointed restructuring experts to negotiate unlocking more cash from lenders.
Royal Mail parcels overtake letters for first time
19/11/2020 | news | business | 448
Online shopping during the pandemic means revenues from parcels surpasses letters for the first time.
House prices rise as Covid sparks rural relocation
18/11/2020 | news | business | 1,025
Property prices in the South West of England have risen fastest in the UK, official statistics show.
Nissan warns on its UK future without a Brexit deal
18/11/2020 | news | business | 1,049
The carmaker, which runs Britain's biggest car plant, said the factory 'will not be sustainable'.
Cryptocurrency: Bitcoin hits three-year high as investors jump in
18/11/2020 | news | business | 83
The digital currency is close to an all-time record although experts warn about its volatility.
Shift to electric cars will need 'Herculean' effort, says industry
18/11/2020 | news | business | 385
The car industry says it could struggle after a ban on new petrol and diesel cars was brought forward to 2030.
Government to invest £4bn to create 250,000 new green jobs
17/11/2020 | news | business | 472
It is part of a long-awaited plan to hit net zero emissions that will be released later on Tuesday.
Covid: 'A fifth' of hospitality sector jobs lost in 2020
17/11/2020 | news | business | 133
The head of the industry's trade group tells MPs 660,000 jobs were lost before the latest lockdown.
Travel rules changed for Christmas turkey farm workers
17/11/2020 | news | business | 1,120
Seasonal workers are now able to work during quarantine to ensure demand for Christmas is met.
EasyJet slumps to first annual loss amid pandemic
17/11/2020 | news | business | 369
The airline reports an annual loss for the first time in its 25-year history as demand collapses.
FTSE 100 and Dow Jones jump on second Covid vaccine hopes
16/11/2020 | news | business | 266
The Dow hits a new record on hopes of a second coronavirus vaccine breakthrough from US drugs firm Moderna.
Clintons boss: Supermarkets selling greeting cards 'grossly unfair'
16/11/2020 | news | business | 1,430
Supermarkets should not be able to sell non-essential goods in lockdown, says boss of Clintons cards.
Japan leads economic 'Zoom boom' out of recession
16/11/2020 | news | business | 81
Asian economies are leading the way as they show signs of bouncing back from the Covid-19 slump.
Tesco apologises after online issues amid Christmas rush
13/11/2020 | news | business | 735
The supermarket apologises as people are forced to queue online to place their Christmas orders.
Black Friday emissions boom predicted
13/11/2020 | news | business | 226
Climate change: why Black Friday needs patience
Covid: Caffè Nero seeks help after pandemic 'decimates' trading
13/11/2020 | news | business | 770
The coffee chain, which employs 6,000, people, is seeking financial breathing space from its landlords.
North West sees job ads surge while London lags
13/11/2020 | news | business | 127
Nurses are in demand as vacancies climb to pre-pandemic levels, but with big regional variations.
UK out of recession but growth slows in September
12/11/2020 | news | business | 1,869
The economy grows by a record 15.5% in July to September, but is still smaller than before the pandemic.
Covid: WH Smith slumps to a loss as pandemic hits sales
12/11/2020 | news | business | 96
Lockdown measures and the slump in travel have seen the retailer's revenues tumble.
Capital gains tax: Rate should double, says government review
12/11/2020 | news | business | 2,141
The chancellor commissioned the report in July as part of efforts to cover Covid-19 costs.
Covid means UK 'sleep-walking into a debt crisis'
12/11/2020 | news | business | 176
A charity says the pandemic has pushed more people into severe problem debt.
Are big retailers exploiting lockdown loopholes?
12/11/2020 | news | business | 748
Some chains are capitalising on rules that allow them to sell non-essential goods alongside food.
Deutsche Bank Research: Tax home workers 'to help those who cannot'
11/11/2020 | news | business | 527
Report says working from home should be taxed at 5% to help those whose jobs are under threat.
Coronavirus: Wetherspoons calls rules 'baffling and confusing'
11/11/2020 | news | business | 369
The pub chain's boss says Covid restrictions are "a muddle" as first quarter sales fall 27.6%.
Bisto and Ambrosia custard-firm Premier Foods sees Covid boost
10/11/2020 | news | business | 593
Premier Foods says it has attracted a million new customers as people turn to comfort foods in the crisis.
McDonald's to introduce plant-based burgers and fast food
10/11/2020 | news | business | 221
The fast-food giant said it could also offer plant-based chicken substitutes and breakfast sandwiches
Covid-19: Global stock markets rocket on vaccine hopes
09/11/2020 | news | business | 230
The FTSE 100 surges nearly 5% after Pfizer shares vaccine progress.
Aldi extends click and collect to 200 more shops
09/11/2020 | news | business | 463
The discount supermarket chain is expanding its trial as it faces growing competition from rivals.
Markets explode with euphoria but are they right?
09/11/2020 | news | business | 238
This was no simple “relief rally”, this was an explosion of euphoria on financial markets.
UK's nuclear future to be decided at key meeting
09/11/2020 | news | business | 261
The government is committed to building nuclear power stations to decarbonise the UK's electricity.
'Real living wage' rises to £9.50 an hour
09/11/2020 | news | business | 520
More than 800 employers have accredited with the Living Wage Foundation since the start of the pandemic.
Retailers criticise lockdown rules on essential items
06/11/2020 | news | business | 217
A leading retail lobby group says government guidance over what products are essential is arbitrary.
Average UK home costs more than £250,000, says Halifax
06/11/2020 | news | business | 259
Demand for bigger properties is pushing up prices, the lender says, but it expects the market to slow.
Bentley reveals plan to go fully electric by 2030
06/11/2020 | news | business | 229
The luxury carmaker will scrap petrol engines within a decade and become carbon neutral.
Covid: What help is available to pay my bills?
06/11/2020 | news | business | 73
Mortgage and rent holidays, help with debts, and cutting energy and insurance bills are all possible.
Covid-19: Nintendo profits triple as games boom continues
05/11/2020 | news | business | 27
The video games industry rakes in revenues around the world as coronavirus lockdowns continue.
Bank of England boss pledges to do 'everything we can'
05/11/2020 | news | business | 1,813
Policymakers vote to pump an extra £150bn into the economy as a second lockdown in England begins.
Sainsbury's to cut 3,500 jobs and close 420 Argos stores
05/11/2020 | news | business | 424
About 420 Argos stores are to close, as will the supermarket's meat, fish and deli counters.
Takeaway beer sales 'will make a significant difference'
04/11/2020 | news | business | 825
A last-minute U-turn allowing pubs to sell takeaway beer is welcomed - but may not be enough to survive, publicans fear.
John Lewis and Lloyds Bank cut many hundreds of jobs
04/11/2020 | news | business | 334
The cuts - totalling more than 2,200 - come as both businesses continue their restructuring.
M&S suffers first loss in 94 years as clothing slumps
04/11/2020 | news | business | 553
The High Street stalwart saw clothing and home sales fall due to the impact of lockdown.
Covid: Small shops better at surviving virus than big ones
04/11/2020 | news | business | 136
Independent shops have been better at surviving Covid-19 than chain stores, data indicates.
John Lewis and Currys PC World extend hours ahead of lockdown
03/11/2020 | news | business | 1,439
John Lewis and Currys PC World among those opening later as demand surges ahead of lockdown.
Primark sees pyjamas in and suits out in Covid shift
03/11/2020 | news | business | 386
The retailer's owner, Associated British Foods, says the change reflects how "we live our lives".
Third of staff 'fear catching Covid at work'
03/11/2020 | news | business | 440
The poorest paid are particularly worried - but are also the least likely to speak up, research finds.
Self-employed to get more financial help
02/11/2020 | news | business | 829
The government has announced self-employed workers can claim up to 80% of profits, from 40% before.
Lockdown: 'We will have to throw our beer down the drain'
02/11/2020 | news | business | 870
Pubs express dismay at latest lockdown amid fears of more job cuts and permanent closures.
Lockdown: Andrex maker has '100 million toilet rolls standing by’
02/11/2020 | news | business | 196
As England prepares for a second pandemic lockdown, the maker of Andrex says it will prevent shortages.
Covid: Ryanair will not offer refunds for November flights
02/11/2020 | news | business | 494
The airline will allow passengers to change their travel plans for free amid new lockdown measures.
Credit card freeze extended for six months ahead of new lockdown
02/11/2020 | news | business | 666
Customers will be able to defer payments for up to six months if they have not already done so.
Business borrowing from banks 'up fivefold' amid coronavirus
02/11/2020 | news | business | 96
Firms have been adding to their borrowing in order to survive the pandemic as many have seen sales slump.
Mortgage holidays extended for up to six months
01/11/2020 | news | business | 1,399
The scheme to help borrowers facing financial difficulty had been due to end on 31 October.
Long live furlough: Was the wage subsidy plan a success?
30/10/2020 | news | business | 82
The final bill may be £50bn and not every job was saved, so can the Government call furlough a win?
Eurozone bounces back to economic growth
30/10/2020 | news | business | 129
The region saw 12.7% growth from July to September but GDP is still smaller than before the pandemic.
NatWest warns of 'challenging times' amid surprise profit
30/10/2020 | news | business | 42
Bank posted a £355m profit before tax for July to September even though analysts expected a loss.
House prices climb to record high, says Nationwide
30/10/2020 | news | business | 319
House prices rise at their fastest rate for five years as buyers race to avoid paying stamp duty.
Hornby: Model train maker steams ahead in lockdown
29/10/2020 | news | business | 275
The company says sales are up 33% as more people take up hobbies during the pandemic.
Stock markets sink amid alarm at Covid surge
28/10/2020 | news | business | 116
Financial markets in the US and Europe fall as concerns rise about the coronavirus impact on economic growth.
GSK and Sanofi make global Covid vaccine supply deal
28/10/2020 | news | business | 19
The companies are to supply 200 million doses of Covid vaccine to a global scheme.
Heathrow overtaken as Europe's busiest airport amid pandemic
28/10/2020 | news | business | 409
Paris Charles de Gaulle is now busier as passenger numbers at Heathrow dive 84% because of Covid.
Covid: Post-furlough unemployment 'hits young and ethnic minorities'
28/10/2020 | news | business | 4
These groups were more likely to be made unemployed after being placed on furlough, a report suggests.
Next sees online jump but store sales still down
28/10/2020 | news | business | 77
Next says future lockdowns of non-essential stores would cost it millions of pounds before Christmas.
‘Shops refusing cash left me unable to buy basics’
28/10/2020 | news | business | 687
The cash system is being threatened by some shops not accepting cash, says Consumer group Which?
Aston Martin: Mercedes to take 20% stake in luxury brand
27/10/2020 | news | business | 111
The German company will also provide the struggling British luxury marque with electric car technology.
Red tape is back post-Brexit, but will it be ready?
27/10/2020 | news | business | 958
There is no guarantee that firms will have the customs software they need on 1 January.
Coronavirus: People 'rediscovering books' as lockdown sales jump
27/10/2020 | news | business | 501
The publisher Bloomsbury, best known for the Harry Potter titles, has seen profits rocket since March.
Home working reduces creative thought, says Bank economist
27/10/2020 | news | business | 258
The Bank of England's Andy Haldane says people are less exposed to new experiences when working at home.
HSBC says it could charge for current accounts
27/10/2020 | news | business | 458
The bank says it is considering charging for basic bank services after its profits dived 35%.
BP returns to profit but pandemic weighs on demand
27/10/2020 | news | business | 89
Despite a "challenging environment", the oil giant says it is "performing while transforming".
Stock markets slide as Covid-19 cases rise
26/10/2020 | news | business | 4
The Dow falls as much as 3.3% before ending down 2.3% - its sharpest decline in weeks.
Future of UK aerospace 'in doubt' without EU deal
26/10/2020 | news | business | 607
UK aerospace will lose out to rivals without a deal on the mutual recognition of parts, says industry body.
Coronavirus: Local lockdowns 'stifling jobs recovery'
26/10/2020 | news | business | 611
Job vacancies fail to return to pre-pandemic levels in many towns, according to new research.
Post Office says a third of its cash machines will close
26/10/2020 | news | business | 666
The move raises concerns that rural and deprived communities face being cut off from access to cash.
Royal Mail seeks record number of Christmas temps
25/10/2020 | news | business | 44
A surge in demand from online shoppers means the company is looking for 33,000 temporary workers.
Gap considers closing all its UK stores
23/10/2020 | news | business | 946
Thousands of jobs could be at risk as the US clothing chain mulls closing its company-owned shops.
Dangerous products: 'I heard a loud crackle and bang'
23/10/2020 | news | business | 248
Worries over dangerous products sold via online marketplaces prompt a call for changes in the law.
Shoppers defy economic gloom in September
23/10/2020 | news | business | 624
The amount of retail sales saw a 1.5% rise last month, boosted by DIY and garden items.
Britain and Japan sign post-Brexit trade deal
23/10/2020 | news | business | 2,557
The countries formally sign a deal described by the UK's international trade secretary as "ground-breaking".
Furlough fraudsters 'may have stolen more than £3bn'
23/10/2020 | news | business | 311
The National Audit Office spending watchdog says a scheme designed to protect jobs was open to abuse.
New government Covid scheme to pay up to half of wages
22/10/2020 | news | business | 2,558
Chancellor Rishi Sunak increases support for firms and workers as lockdown restrictions spread.
More pollution expected from stay-home workers
22/10/2020 | news | business | 288
Air pollution in big cities could increase because so many people are working from home, a report says.
Covid: 'Perfect storm' causing employment tribunal backlog
22/10/2020 | news | business | 27
Concerns are being raised over Covid-related delays for those who claim they lost jobs unfairly.
Shortage of poultry workers could hit Christmas dinner
21/10/2020 | news | business | 60
There are not enough EU workers to process the meat, says the British Poultry Council.
Royal Mail launches 72p parcel pick-up service
21/10/2020 | news | business | 747
The firm claims it is "one of the biggest changes to the delivery since the launch of the post box".
Boris Johnson's 22-minute Brexit call 'terrible'
21/10/2020 | news | business | 406
Industry groups described the call with the prime minister as "disappointing" and "more of a lecture".
UK inflation rises after Eat Out to Help Out ends
21/10/2020 | news | business | 669
The inflation rate increased to 0.5% in September after the discount meals scheme ended, figures show.
Working lunch 'loophole' hope for pubs and restaurants
20/10/2020 | news | business | 129
Hospitality chiefs are seeking clarity over whether business lunches are exempt from Covid restrictions.
Visa and Mastercard accused of charging 'excessive' fees
20/10/2020 | news | business | 503
Retail groups say the fees charged by credit card firms have almost doubled in two years.
UK job losses 'could be larger than forecast'
20/10/2020 | news | business | 213
The unemployment rate could rise above current predictions, a Bank of England policymaker warns.
Covid-19: First UK airport coronavirus testing begins
20/10/2020 | news | business | 553
The aim is to help people travelling to destinations where a negative result is required on arrival.
Bank boss: UK facing 'unprecedented economic uncertainty'
19/10/2020 | news | business | 1,415
Bank of England governor Andrew Bailey warns there is significant risk of lower economic growth.
Coronavirus: People to get emergency help to pay energy bills
19/10/2020 | news | business | 253
Ofgem will require suppliers to offer emergency credit and put people on 'realistic' repayment plans.
Covid-19: Firms warn of 'catastrophic' impact of new coronavirus rules
18/10/2020 | news | business | 265
More financial support is needed to avoid mass redundancies and closures, businesses say.
Pret A Manger and Edinburgh Woollen Mill to cut 1,000 jobs
16/10/2020 | news | business | 291
The pandemic has claimed the jobs of another 1,000 shop workers as more stores shut across the country.
Pub chain JD Wetherspoon reveals first loss since 1984
16/10/2020 | news | business | 1,075
Chairman Tim Martin criticises the government's "confusing" Covid restrictions as sales tumble.
'Hasty' furlough scheme 'left room for fraud' say MPs
16/10/2020 | news | business | 187
'Hastily drawn up' furlough scheme may have lost billions to fraud and error, MPs say
Will we be getting our cash from shops, not ATMs?
15/10/2020 | news | business | 179
People will be able to get cashback from local stores without having to buy anything, under Treasury plans.
Ryanair cuts back winter flight schedule
15/10/2020 | news | business | 127
The airline says it is responding to increased flight restrictions imposed because of the pandemic.
Morrisons and Waitrose ditch glitter for Christmas
14/10/2020 | news | business | 117
The supermarkets won't use glitter in own-brand crackers and cards as part of sustainability efforts.
How much economic damage would a circuit-breaker lockdown do?
14/10/2020 | news | business | 64
Are stricter measures to contain the coronavirus needed - and what would be the economic cost be?
Coronavirus: UK child poverty and inequality could worsen says OECD
14/10/2020 | news | business | 50
The OECD says pandemic could also worsen regional divides and warns of further hit from no-deal Brexit.
Asos adds three million customers as profits soar amid pandemic
14/10/2020 | news | business | 156
The online retailer now has 23.4 million customers, helping sales and profits to jump.
EU to reject UK plea for Brexit electric car deal
14/10/2020 | news | business | 1,797
The European Union is about to formally reject a UK plea for special allowances for exports of electric cars.
Just Eat: McDonald's and Greggs help boost orders by 40%
14/10/2020 | news | business | 62
The takeaway company added 800 McDonald's restaurants and 300 Greggs outlets to its network earlier this year.
HS2 costs rise again weeks after work begins
14/10/2020 | news | business | 1,537
Ministers admit an extra £800m is needed due to more asbestos discoveries and complexities at London Euston.
Ikea to buy back used furniture in recycling push
13/10/2020 | news | business | 80
World's biggest furniture firm to resell second-hand Ikea items in bid to be 'climate positive'.
Unemployment rate hits highest level in three years
13/10/2020 | news | business | 1,453
Unemployment and redundancies hit high levels, official figures show.
Lockdown: 'I've got women working for me who are sobbing'
13/10/2020 | news | business | 458
Hospitality businesses warn of hardship and confusion as they battle with the latest restrictions.
Tax rises of more than £40bn a year 'all but inevitable'
13/10/2020 | news | business | 732
Rises of more than £40bn a year will be needed to stop government debt getting out of control, warns think tank.
Downing Street joins criticism of 'crass' job ad
12/10/2020 | news | business | 1,388
Downing Street and the culture secretary disown an ad suggesting a ballerina retrain in cyber security.
Bank of England questions banks over negative rates
12/10/2020 | news | business | 882
The UK would be following in the footsteps of countries like Japan if it cuts the cost of borrowing.
Hospitality firms threaten legal action over lockdown
12/10/2020 | news | business | 1,272
Industry leaders will challenge new local restrictions that could force pubs and other venues to close.
UK economy: Shoppers aid growth but slowdown ahead, says report
12/10/2020 | news | business | 108
The UK economy may have grown by as much as 17% in the three months to September, says a forecaster.
Tim Hortons' UK expansion to create 2,000 jobs
09/10/2020 | news | business | 78
The Canadian chain plans to open drive-thru outlets in every major UK city in the next two years.
UK economic growth slows despite restaurant boost
09/10/2020 | news | business | 1,268
The economy grew 2.1% in August, below expectations, despite a lift from Eat Out to Help Out.
Lockdown city living 'wasn't the best idea'
08/10/2020 | news | business | 117
Caroline Langton chose Ramsgate over London as more people search for homes away from cities.
Asda launches 'first of its kind' flu jab service
08/10/2020 | news | business | 320
The supermarket is offering free jabs to eligible people and an £8 charge for everyone else,
City firms look to cut office space amid pandemic
08/10/2020 | news | business | 202
Nearly three quarters of financial services firms are reviewing their office needs, a survey says.
EasyJet to make first annual loss in its history
08/10/2020 | news | business | 204
The airline will fly at 25% capacity into next year, with losses in 2020 possibly topping £800m.
Tesco profits surge as online orders double
07/10/2020 | news | business | 335
Profits jumped as people bought more food during lockdown, but clothing sales fell almost 20%.
‘Pubs and restaurants facing jobs cliff edge’
06/10/2020 | news | business | 146
MPs are told that without more state support far more hospitality jobs will be lost than previously thought.
Nearly 500,000 redundancies planned in Covid crisis
06/10/2020 | news | business | 65
A Freedom of Information request shows that job cuts are down from July but more than double last year.
Mortgage plan could require huge state backing
06/10/2020 | news | business | 133
The government might have to provide billions in guarantees to support long-term first-time buyer mortgages.
State pension age hits 66 and set to rise further
06/10/2020 | news | business | 887
Men and women now receive their state pension at 66, as the chancellor vows the triple lock is safe.
Odeon to open weekends-only at some cinemas
05/10/2020 | news | business | 373
The firm will open a quarter of its theatres from Friday to Sunday, but declined to comment on jobs.
Worst September for UK car sales this century
05/10/2020 | news | business | 641
New UK car registrations fell 4.4% last month from a year earlier, the motor industry says.
Home working here to stay, say businesses
05/10/2020 | news | business | 557
A survey of nearly 1,000 firms shows that 74% plan on maintaining the increase in home working.
Thousands of UK firms may need an EU office
02/10/2020 | news | business | 933
The complexity of exporting to European markets mean firms may have no option but to set up an EU presence.
Government's own figures dispute PM's PPE claim
01/10/2020 | news | business | 87
Boris Johnson says 70% of personal protective equipment is UK made, but official data says it is much lower.
Coronavirus: H&M to close 250 shops as Covid drives sales online
01/10/2020 | news | business | 48
The world's second largest fashion retailer is shutting stores as shoppers' habits change.
Coronavirus: Rolls-Royce to raise billions in Covid-lifeline
01/10/2020 | news | business | 74
The plane engine maker will tap investors for £2bn to unlock billions of pounds more in funding.
TSB to close a third of branches and cut 900 jobs
30/09/2020 | news | business | 340
The bank has named the 164 branches to shut, adding to the 82 earmarked for closure in November.
Fuller's pub chain says home working could cost one in 10 jobs
30/09/2020 | news | business | 37
The government's decision to encourage people to work from home will hit its city-centre pubs.
Brexit: Blow to UK car industry in search for EU deal
30/09/2020 | news | business | 2,607
Documents seen by the BBC suggest key priorities for the car sector have been rebuffed by Brussels.
Ocado overtakes Tesco as most valuable UK retailer
30/09/2020 | news | business | 133
Online grocery delivery firm's stock market valuation beats Tesco's as the Covid crisis continues.
'Chicken Licken' views will hold us back, says Bank economist
30/09/2020 | news | business | 224
The Bank of England's Andy Haldane says now is not the time for pessimism about the UK's recovery.
'Strong recovery' in UK housing market
30/09/2020 | news | business | 147
Annual house price growth of 5% in September was the result of post-lockdown demand, Nationwide says.
Shell to cut up to 9,000 jobs as oil demand slumps
30/09/2020 | news | business | 80
The move comes five months after it cut its dividend for the first time since World War Two.
UK beef served up in the US after a 20-year ban
30/09/2020 | news | business | 483
The US banned British beef exports in the wake of the Mad Cow Disease scandal in the 1990s.
Plea not to axe £20 a week benefits ‘lifeline’
30/09/2020 | news | business | 25
The Joseph Rowntree Foundation calls on the chancellor to extend an increase to Universal Credit.
'Hundreds of thousands' of airline jobs at risk
29/09/2020 | news | business | 15
A body representing 290 airlines warns it will be 2024 before air traffic reaches pre-pandemic levels.
B&M discount chain to open up to 45 stores
29/09/2020 | news | business | 42
The discount chain says sales soared during the coronavirus lockdown.
Tesco targets 300% rise in vegan meat sales
29/09/2020 | news | business | 231
The retailer wants to boost meat alternative sales by 2025 as part of a sustainability drive.
'I monitor my staff with software that takes screenshots'
29/09/2020 | news | business | 45
Many have struggled to get to grips with working from home, but would surveillance technology help?
Covid: Public spending rise could last longer
29/09/2020 | news | business | 114
The government must choose between more austerity and permanently higher spending, a think tank warns.
Uber spared from London ban despite 'past failings'
28/09/2020 | news | business | 396
The firm gets a new licence to work in the capital after a court says it has addressed safety issues.
Aldi looks at online move as shopping habits change
28/09/2020 | news | business | 232
The pandemic hasn’t been easy for the discounters with no online food. Could Aldi go digital?
Movers 'more likely to buy than first-time buyers'
28/09/2020 | news | business | 152
The coronavirus crisis is changing the dynamic in the UK housing market, researchers suggest.
Negative interest rates: Bank of England policymaker defends plan
27/09/2020 | news | business | 79
Silvana Tenreyro said evidence from countries that have introduced the policy was “encouraging”.
Tesco joins Morrisons to limit sales of some items
25/09/2020 | news | business | 1,431
Limits on loo roll and flour are back as supermarkets act to prevent a repeat of March's panic buying.
UK borrowing soars in August as Covid costs mount
25/09/2020 | news | business | 1,200
Public borrowing hit £35.9bn last month as the pandemic forces the government to borrow more money.
Shoppers warned to buy early for Christmas or miss out
25/09/2020 | news | business | 325
With three months to go before the big day, online retailers stress shoppers need to buy early this year.
Shoppers could pay more after no-deal Brexit
25/09/2020 | news | business | 744
Tariffs could add £3bn to the cost of importing food and drink from the EU, a leading retail body warns.
Thousands of traditional retail jobs 'unviable', Next boss warns
25/09/2020 | news | business | 150
Lord Wolfson says hundreds of thousands of jobs may not survive in the wake of the coronavirus crisis.
What help are self-employed people getting?
24/09/2020 | news | business | 145
What is being done for the five million self-employed people in the UK facing a sudden loss of income?
VAT cut to be extended for bars and restaurants
24/09/2020 | news | business | 271
The chancellor has announced that a VAT cut to 5% across hospitality and tourism will be extended.
Cineworld swings to huge loss after virus closures
24/09/2020 | news | business | 132
The cinema chain warns it may need to raise more money in the event of further coronavirus restrictions.
Pringles and Cadbury 'failing on recycled packaging'
24/09/2020 | news | business | 309
KitKats and Babybel are among other big brands that did badly in the Which? recycling test.
Sunak to announce new job protection plans
23/09/2020 | news | business | 2,874
The chancellor will give an update on Thursday about "protecting jobs" as the furlough scheme winds down.
Asda to crack down on shoppers without face masks
23/09/2020 | news | business | 2,574
Its staff will soon offer customers disposable face masks to be paid for at the end of their trip.
Upper Crust owner: 'Demand for travel will return'
23/09/2020 | news | business | 46
SSP sales are 76% down with about two-thirds of its outlets closed across the group.
Could churches double up as bank branches?
23/09/2020 | news | business | 113
The idea is one of a number being trialled to help improve access to cash in remote areas.
Barclays to send staff back to working from home
22/09/2020 | news | business | 402
City firms SocGen and Lloyd's of London also tell staff to stop coming into the office after new guidance.
Bank of England calls for furlough 'rethink'
22/09/2020 | news | business | 922
Governor Andrew Bailey suggests that some sectors may benefit from further targeted help.
'Closing pubs at 10pm halves your takings'
22/09/2020 | news | business | 667
The hospitality industry warns the earlier closing time will have a 'devastating' impact.
Loyal customers 'must not pay more for insurance'
22/09/2020 | news | business | 289
The City regulator plans a "radical" shake-up in home or motor insurance, to tackle the loyalty penalty.
Fears of second lockdown wipe £50bn off UK stocks
21/09/2020 | news | business | 1,161
Shares in the US and Europe fall sharply with travel, hotel and pub firms worst hit.
Rail franchises axed as help for train firms grows
21/09/2020 | news | business | 1,085
The rail franchising system has been scrapped and a £3.5bn survival scheme for train firms extended.
Ending tax-free shopping 'will devastate UK tourism'
21/09/2020 | news | business | 96
Plan to end VAT-free shopping for international visitors could cost 70,000 jobs, say retail and travel firms.
No new 2p or £2 coins to be made for 10 years
18/09/2020 | news | business | 435
Coin mountains in storage mean The Royal Mint has no plans to produce any more for a decade.
Rail nationalisations may be coming down the track
18/09/2020 | news | business | 376
Control of certain struggling franchises could be handed back to the government, sources say.
'Nearly two-thirds' of workers commuting again
17/09/2020 | news | business | 871
Some 62% reported commuting to work last week, according to the Office for National Statistics.
Why Biden's intervention on Brexit matters
17/09/2020 | news | business | 298
American politicians have always taken a keen interest in matters affecting Ireland, that matters more now than ever.
Rising virus rates threaten economy, warns Bank
17/09/2020 | news | business | 372
Bank of England says a no-deal Brexit is another risk as it keeps interest rates at historic low.
John Lewis scraps bonus for first time since 1953
17/09/2020 | news | business | 508
The partnership posted a huge £635m loss in the six months to July as costs soared during the pandemic.
Next says pandemic 'expensive and miserable'
17/09/2020 | news | business | 410
The retailer says staff working from home were "stultified" by boring presentations and missed office life.
People shopping more locally in lockdown, says Co-op
17/09/2020 | news | business | 51
The grocery chain says sales jumped 8.8% in its first half as customers shopped closer to home.
Brexit freight system 'won't be ready on time'
16/09/2020 | news | business | 403
Logistics trade body says the smart freight system is 'unlikely to be ready' by year end.
'Redundancy floodgates' will open, warns union
16/09/2020 | news | business | 645
Many workers can expect a "miserable Christmas" without targeted support for employers, Unite says.
Coronavirus: Tui to clear refund backlog by end of September
16/09/2020 | news | business | 74
Thousands of people complained to the competition watchdog after waiting for coronavirus-related refunds.
BA boss says there is no need to fire and rehire staff
16/09/2020 | news | business | 257
British Airways boss Alex Cruz says cabin crew should not have to move onto inferior contracts.
Iceland calls on rivals to show 'plastic footprint'
16/09/2020 | news | business | 43
The frozen-food chain publishes its own packaging record to encourage progress on sustainability.
Child power pushes Lego to ditch plastic bags
16/09/2020 | news | business | 75
Lego is investing £310m to make its products more sustainable after letters from young customers.
Is the chancellor cooking up a new jobs scheme?
15/09/2020 | news | business | 77
Rishi Sunak has dropped his heaviest hint yet that there may be a new measure or scheme to boost job creation.
Small firms thrown lifeline in insurance test case ruling
15/09/2020 | news | business | 305
The High Court has ruled some insurers should have paid out for losses caused by lockdown.
Ocado: M&S switch 'successful' after rocky start
15/09/2020 | news | business | 164
Despite cancelled orders, the online grocer says its move to delivering M&S goods is going well.
Taxpayers' bad loan bill shrinks to 'only' £20bn
15/09/2020 | news | business | 54
Taxpayers will have guaranteed nearly £70bn in loans to UK firms by March 2021, according to TheCityUK.
Wetherspoon: 66 staff test positive across 50 pubs
14/09/2020 | news | business | 2,097
The firm dismisses claims pubs are "dangerous" after some workers contract the virus after reopening.
Unemployment: Planned redundancies twice the rate of last recession
14/09/2020 | news | business | 183
Employers are notifying the government of job cuts at twice the level seen in 2009.
UK economy continues recovery in July
11/09/2020 | news | business | 752
The economy expanded by 6.6%, but the country's growth remains far below pre-pandemic levels.
UK and Japan in first major post-Brexit trade deal
11/09/2020 | news | business | 2,672
Symbolic trade deal will cover 99% of UK exports to Japan but boost economy by just 0.07%.
MPs want furlough extended and targeted
11/09/2020 | news | business | 313
The scheme should be targeted to avoid mass unemployment, the Treasury Select Committee says.
Peloton sales surge as virus boosts home workouts
10/09/2020 | news | business | 14
The exercise bike firm's revenues jumped 172% amid gym closures due to the pandemic.
British Airways owner to cut more flights
10/09/2020 | news | business | 363
BA has also reached the outline of a deal with the Unite union to end a bitter row over pay and job cuts.
Morrisons sales rise but profits hit by Covid costs
10/09/2020 | news | business | 55
The supermarket spent an extra £155m on temporary workers and bonuses during the pandemic.
World vaccine delivery 'will need 8,000 jumbo jets'
10/09/2020 | news | business | 197
Shipping a coronavirus vaccine will be "largest transport challenge ever" says the airline industry.
L'Oreal launches make-up recycling across UK shops
10/09/2020 | news | business | 85
The firm's Maybelline brand has set up recycling points in shops including Tesco and Superdrug.
Chicken, cheese, cod: The tricky trade talk menu
10/09/2020 | news | business | 169
The UK this week pursues simultaneous talks with Japan, the US and EU to secure its post-Brexit future.
New local lockdown business grants 'not enough'
09/09/2020 | news | business | 3
Firms forced to close will get cash grants, but the British Chambers of Commerce wants more help.
Ryanair boss calls UK travel quarantine 'defective'
09/09/2020 | news | business | 231
Michael O'Leary says the UK needs to embrace testing at airports to help revive international travel.
Uber pledges all-electric fleet by 2040
08/09/2020 | news | business | 14
The transportation company says it has a "responsibility" to tackle climate change.
Morrisons and Iceland hire thousands of staff
08/09/2020 | news | business | 271
The supermarkets say the staff are needed as demand for online shopping continues to rise.
Royal Mail set for major loss despite parcels surge
08/09/2020 | news | business | 167
The postal service has faced extra costs to cope with coronavirus and says it needs to modernise.
Thomas Cook to be revived as online travel firm
08/09/2020 | news | business | 128
The firm wants to be operating by Christmas to capture the start of the summer booking season.
EasyJet: Flyers frustrated at changing quarantine
08/09/2020 | news | business | 399
The airline expects to fly fewer passengers because it says consumer confidence has been dented.
Rail firms stress safety as more train services resume
07/09/2020 | news | business | 224
Train operators bring back 90% of pre-Covid service but safety measures mean a different look.
Extend furlough scheme 'or risk second wave of job cuts'
07/09/2020 | news | business | 365
Business groups warn of large scale cuts if the job retention scheme is not extended after October.
Primark post-lockdown sales head for £2bn
07/09/2020 | news | business | 312
Owner AB Foods says the High Street chain's sales since reopening have been stronger than expected.
Virgin Atlantic to cut 1,150 more jobs
04/09/2020 | news | business | 543
The airline, which has just completed a rescue deal, says it has to make cuts in order to survive.
HS2 project work begins with pledge of 22,000 jobs
04/09/2020 | news | business | 1,280
Work on the controversial rail line formally starts on Friday, with Boris Johnson saying it will "fire up growth".
Co-op to create 1,000 jobs and open 50 new stores
04/09/2020 | news | business | 375
Grocery chain the Co-op is opening 50 new stores and creating 1,000 new jobs this year
Eat Out to Help Out: Diners claim 100 million meals in August
04/09/2020 | news | business | 73
Restaurants. pubs and cafes claimed £522m under the discount scheme in August, Treasury figures show.
When does the stamp duty holiday end?
03/09/2020 | news | business | 226
The government has announced changes to stamp duty to help cut costs for anyone buying a home.
Costa Coffee warns up to 1,650 jobs at risk
03/09/2020 | news | business | 163
The coffee chain says there are still "high levels of uncertainty" as to when trade will recover.
Amazon to create 7,000 UK jobs
03/09/2020 | news | business | 1,141
The online retail giant is recruiting at more than 50 sites in response to growing customer demand.
Mortgage deals plummet as lenders play safe
03/09/2020 | news | business | 72
First-time buyers unable to offer a large deposit could find their options squeezed, figures show.
Government 'overseeing the demise of UK aviation'
03/09/2020 | news | business | 1,123
Leading UK aviation figures say the government must show "leadership" on airport coronavirus testing.
'It's really hard to get a job at the moment'
02/09/2020 | news | business | 508
Many young people are out of work in the pandemic, but a new government scheme aims to help them find jobs.
Apple more valuable than the entire FTSE 100
02/09/2020 | news | business | 497
The world's largest company has seen its value leap as demand for tech goods surged during lockdown.
Lego set to open 120 new stores despite pandemic
02/09/2020 | news | business | 40
The toy firm says sales have been strong during lockdown, despite the hit to the High Street.
House prices at all-time high, says Nationwide
02/09/2020 | news | business | 620
August saw the highest monthly rise in prices since 2004 as the recovery continued, the lender says.
Unilever to cut fossil fuels from cleaning brands
02/09/2020 | news | business | 58
The consumer giant has pledged to wipe out oil-based chemicals from its detergents by 2030.
Furlough wind down: 'We prepared for the worst'
01/09/2020 | news | business | 1,582
With the furlough support scheme now starting to unwind, many firms are poised for job cuts.
Ocado cancels orders on first M&S delivery day
01/09/2020 | news | business | 504
Angry customers have complained on Twitter, but Ocado says a "very small number" of orders were hit.
Fitness industry 'devastated' by lockdown
28/08/2020 | news | business | 169
Gym owners call for government support similar to the Eat Out to Help Out scheme.
Warnings of 'ghost towns' if staff do not return to the office
27/08/2020 | news | business | 1,305
Local businesses and jobs will suffer if workers do not return to the office, says the head of the CBI.
Coronavirus: Restaurants extend discount dining into September
27/08/2020 | news | business | 34
Firms will use their own money to continue offering discounts when Eat Out to Help out ends.
Coronavirus: Rolls-Royce reports record loss as travel slumps
27/08/2020 | news | business | 239
The company, which makes engines for planes, is cutting jobs and selling assets to bolster its finances.
Coronavirus: UK 'could lose £60m a day' as tourism slumps
26/08/2020 | news | business | 1,435
Foreign visitors are "staying away from the UK in droves" because of Covid-19, an industry body says.
Coronavirus: UK worst hit among major economies
26/08/2020 | news | business | 667
The OECD think tank says the UK was the worst affected among major economies between April and June.
Passengers to be warned when trains are busy
26/08/2020 | news | business | 55
Rail companies plan to share capacity information with passengers so they can avoid crowded trains.
No plan for a return to the office for millions of staff
26/08/2020 | news | business | 437
Fifty of the biggest UK employers say they have no plans to return all their staff full-time in the near future.
Co-op Bank to shed 350 jobs and close branches
25/08/2020 | news | business | 226
Economic uncertainty and the shift to online banking have prompted the cuts, the bank says.
Tesco's 16,000 jobs drive to reward lockdown temps
24/08/2020 | news | business | 674
The supermarket will bolster its online business with permanent hires following "exceptional growth".
Bailiffs return but are told not to shout at people
24/08/2020 | news | business | 602
Bailiffs are resuming operations after a five-month suspension with new coronavirus restrictions.
Virus spending pushes UK government debt to £2 trillion
21/08/2020 | news | business | 2,120
Public debt levels soar as spending on coronavirus measures forces the government to borrow more money.
UK retail sales climb back to pre-pandemic levels
21/08/2020 | news | business | 242
Sales rose by 3.6% in July as demand for clothing recovered and people spent more on fuel.
More House of Fraser store closures 'anticipated'
20/08/2020 | news | business | 146
The chain, part of Mike Ashley's Frasers Group that owns Sports Direct, has already closed 10 stores.
Mothercare finalises deal to sell products in Boots
20/08/2020 | news | business | 118
The agreement is part of a restructure of the baby goods firm, which closed its UK stores in January.
Rail fares to rise despite passenger slump
19/08/2020 | news | business | 1,262
Passenger groups want fares overhaul after numbers collapse in lockdown. Scotland is delaying rises.
Eat Out discount dishes up 35m meals in two weeks
18/08/2020 | news | business | 930
The government set aside £500m for Eat Out to Help Out in order to support the hospitality sector.
M&S to cut 7,000 jobs over next three months
18/08/2020 | news | business | 173
The High Street retailer says the coronavirus pandemic has meant a "material shift in trade".
Ryanair cuts flights as EU virus rates hit bookings
17/08/2020 | news | business | 116
The airline said activity for September and October "notably weakened" over the past 10 days.
Morrisons considers ditching all 'bags for life'
17/08/2020 | news | business | 1,932
The grocer says customers are ready to stop using plastic bags and promises sturdy paper replacements.
Eurotunnel warns travellers: Don't just turn up
14/08/2020 | news | business | 221
The firm says customers trying to return early from France must have a booking to travel.
Just Eat to stop using gig economy workers
14/08/2020 | news | business | 257
Boss Jitse Groen says he would rather have staff who get benefits and more workplace protection.
‘Raise sick pay’ to lower virus risk
14/08/2020 | news | business | 257
It would manage a "crude" trade-off between lives and jobs as the UK economy reopens, a report says.
Jobs: Demand for workers picks up in early August
13/08/2020 | news | business | 27
Recruiters say the number of new job ads suggests that a slow recovery could be underway.
Tui sees surge in holiday bookings for next year
13/08/2020 | news | business | 795
The travel giant makes a £1bn loss in three months - but says summer bookings for 2021 are up 145%.
National Express to use jobs bonus to cut bus fares
13/08/2020 | news | business | 108
The government's job retention bonus scheme will be used to cut fares in the West Midlands and Dundee.
Four ways it may get harder for first-time buyers
13/08/2020 | news | business | 252
UK house prices are predicted to fall but a report spells out why property may remain out of reach.
Recession is unprecedented, says chancellor
12/08/2020 | news | business | 3,023
Rishi Sunak says it is a "difficult and uncertain time" as the UK suffers its biggest slump on record.
Natwest to cut 550 jobs in branches
12/08/2020 | news | business | 138
The lender is seeking to cut costs as more people bank online during the pandemic.
'We've been waiting months for a flight refund'
12/08/2020 | news | business | 485
David Hanson's dream holiday was cancelled, but like many Brits he's been waiting months for a refund.
UK in recession for first time in 11 years
12/08/2020 | news | business | 3,789
The UK suffers its biggest slump on record, while the chancellor says conditions are "unprecedented".
Coronavirus: How much will it cost the UK?
11/08/2020 | news | business | 1,109
The pandemic will cost the government hundreds of billions of pounds. Where will it all come from?
Debenhams to cut 2,500 more jobs amid pandemic
11/08/2020 | news | business | 971
This is on top of the 4,000 announced since May, meaning the retailer will have cut a third of its staff.
Stilton drives wedge between UK-Japan Brexit deal
11/08/2020 | news | business | 3,065
Stil-tons to do as talks over blue cheese become an unlikely obstacle to a post-Brexit trade agreement.
Post offices see cash deposits rise over lockdown
11/08/2020 | news | business | 74
Businesses and individuals have returned to post offices to deposit money saved during lockdown.
Heathrow boss warns quarantine strangling economy
11/08/2020 | news | business | 222
Britain is being cut off from critical markets, says the airport, which saw traffic plunge in July.
Retail sales rise despite fewer High Street visits
11/08/2020 | news | business | 95
Sales grew again in July, but some retailers are 'hanging by a thread', the industry body says.
Eat out to help out: More than 10.5m meals claimed in first week
10/08/2020 | news | business | 1,803
The Treasury has set aside £500m to cover the cost of 'eat out to help out' for restaurants, bars and cafes.
Mini house-buying boom leads to highest prices ever
07/08/2020 | news | business | 784
The housing market is showing a 'surprising spike' as people return to buying property after the lockdown.
Millions set to see 'big savings' on energy bills
07/08/2020 | news | business | 358
The price cap for gas and electricity bills is lowered by energy watchdog Ofgem as wholesale costs fall.
School funding plan 'benefits wealthier pupils'
07/08/2020 | news | business | 86
The government's latest funding plan could "disproportionately benefit schools in better-off areas".
Bank of England boss backs end of furlough scheme
06/08/2020 | news | business | 3,735
UK economy is still set for worst performance in 100 years according to the UK's central bank.
Coronavirus: ITV warns 'of most challenging times' ever
06/08/2020 | news | business | 155
Boss Dame Carolyn McCall says the broadcaster has been through "one of the most challenging times".
New car registrations see first rise this year
05/08/2020 | news | business | 81
Figures for July show an 11.3% post-lockdown increase in new vehicles registered.
Gold price rises above $2,000 for first time
05/08/2020 | news | business | 238
Precious metal values have been pushed up as investors look for havens amid the coronavirus crisis.
Don't demolish old buildings, urge architects
05/08/2020 | news | business | 252
Knocking down defunct structures sends a wrecking ball through carbon targets, architects say.
Redundancy advice calls triple in June and July
05/08/2020 | news | business | 26
Conciliation service Acas says thousands more people are calling for redundancy advice.
Pizza Express may close 67 sites and cut 1,100 jobs
04/08/2020 | news | business | 1,362
High Street chain the latest to look to restructure and refinance as virus deals extra blow to trade.
Dixons Carphone to cut 800 store management jobs
04/08/2020 | news | business | 204
The Currys PC World owner said it was "not an easy decision" but it must respond to rising online sales.
BP halves dividend after suffering huge losses
04/08/2020 | news | business | 390
The dividend cut is another blow for pension funds and savers who have seen a wave firms slash or halt payouts.
EasyJet increases flights to cope with demand
04/08/2020 | news | business | 1,781
The airline adds more flights to cope with increasing demand from holidaymakers.
AA in takeover talks with three suitors
04/08/2020 | news | business | 97
The veteran motoring organisation is considering approaches from private equity firms
Government urges post-Brexit drug stockpiles
03/08/2020 | news | business | 1,440
Firms should have six weeks' worth of post-Brexit drug stockpiles by the end of 2020, the government says.
DW Sports chain collapse threatens 1,700 jobs
03/08/2020 | news | business | 1,445
The firm, founded by former Wigan Athletic owner Dave Whelan, ran 73 gyms and 75 stores across the UK
Coronavirus holiday claims push Hiscox into a loss
03/08/2020 | news | business | 64
The insurer says cancelled travel and events means it has set aside $232m to cover claims.
Five surprising facts about inequality in the UK
03/08/2020 | news | business | 352
Although the gap in wages is narrowing, inequalities in wealth across the UK are rising, a report suggests.