Bussiness
Pound hits highest level against dollar for a year
The pound hit its highest level against the dollar in a year on Wednesday as investors bet on UK interest rates staying higher for longer.Fresh data on Wednesda
Labour Is Warned Plan to Hike UK Minimum Wage Imperils…
(Bloomberg) -- Plans for a big increase in the UK minimum wage threaten to make it harder for the Bank of England to cut interest rates and dampen longer-term g
King’s speech policies ‘fall short’ for small business, say trade…
Policy announcements in the new Labour Government’s first King’s Speech “fell short” in supporting small firms across the UK to help drive economic grow
‘Smart data’ legislation back in business as new UK government…
UK legislative priorities: the King’s Speech, presented today (17 July) in Parliament, includes the new Digital Information and Smart Data Bill –
Unions hail UK’s rail renationalisation bills as a return to…
Rail unions have said Britain’s trains will be “run as a public service, not for private profit”, as the new government announced early steps to renationa
Fear of persistent inflation? Bank of England should shake it…
Inflation is back down to more normal levels. But at the Bank of England, there are concerns that the battle to keep it close to the 2% target set by the govern
UK Food and Drink Inflation Hits Lowest Rate Since 2021…
In June, food and non-alcoholic beverage inflation in the UK declined, marking the 15th consecutive month of this trend. The annual inflation rate dropp
Britain becomes first country in Europe to approve lab-grown meat
Meatly, which was founded in 2022, is the first company in the world to get authorisation for cultivated pet food, which uses m
Body Shop nears rescue deal with group led by British…
The Body Shop is close to being bought out of administration after it agreed to exclusive rescue talks with a consortium led by the British cosmetics tycoon Mik
UK headline inflation rate remains unchanged at 2%
Britain’s annual inflation rate remained unchanged at 2% last month – as the key economic indicator hit the government’s target for a second consecutive m
UK inflation holds steady despite hotel prices soaring
UK inflation held steady in June despite hotel prices rising strongly, according to the latest official figures.While prices in restaurants and hotels went up,
