Bussiness

Volkswagen agrees deal to avoid Germany plant closures

Posted by December 20, 2024

VW was considering closing up to three factories in Germany and had been calling on its workforce to accept a 10% pay cut.At the time, the union was calling for

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Rachel Reeves heads into harsh 2025 as UK Budget damage…

Posted by December 20, 2024

Rachel Reeves headed into the parliamentary Christmas break on Friday with more bad economic news on her desk, as data showed the UK public finances in the curr

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The Welsh economy is set to grow as UK joins…

Posted by December 20, 2024

UK today accedes to CPTPP, a major trade bloc in the Indo-Pacific which includes countries like Australia, Vietnam, Peru, Chile and Malaysia. Wales

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Lift for Rachel Reeves as UK borrowing hits three-year low

Posted by December 20, 2024

The UK’s debt bill fell last month as government borrowing dropped to just over £11bn, giving Rachel Reeves an early Christmas present after a furious backla

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Government borrowing lower than expected in November

Posted by December 20, 2024

Retail sales rose 0.2% in November after a 0.7% fall in October, but the rise in sales at supermarkets was partly offset by a fall in clothing sales, the ONS sa

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UK business heading for ‘January of discontent’ says Tory ex-minister

Posted by December 20, 2024

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.British business is heading for a

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Lord Peter Mandelson to be UK’s next ambassador to US

Posted by December 19, 2024

Lord Peter Mandelson, former Labour cabinet minister and EU commissioner, is to become Britain’s next ambassador to Washington, with an immediate mission to a

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‘These water companies have got a damn nerve’: anger in…

Posted by December 19, 2024

“It feels awful,” said Samantha Hargreaves as she trundled her bottle-laden trolley past queues of cars waiting for drinking water in an Asda car park. It w

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Bank of England holds interest rate at 4.75% but warns…

Posted by December 19, 2024

The Bank of England has kept UK interest rates on hold but warned Britain’s economy is on the brink of stagnation after Rachel Reeves’s budget as the world

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Project Gigabit makes further gains in UK Midlands | Computer…

Posted by December 19, 2024

Hot on the heels of research from Ofcom showing that a record 20.7 million UK homes can now access full-fibre broadband, with the UK government’s Projec

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UK Titanic shipyard saved from financial sinking ‣ WorldCargo News

Posted by December 19, 2024

Belfast shipbuilders bought out of administration by Spanish interests. The enormous gantry cranes in the yards of Harland & Wolff, shipbuilders

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Navantia to buy Titanic builder Harland & Wolff, saving about…

Posted by December 19, 2024

A Spanish state-owned shipbuilder will buy Belfast-based Harland & Wolff in a rescue deal that will secure all four of its shipyards and save about 1,000 jo

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