Bussiness
Volkswagen agrees deal to avoid Germany plant closures
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
Reeves says economic turnaround will take time and Farage ‘hasn’t…
Rachel Reeves insists she won’t “gaslight” working people over her plans to turn round the economy as she launched a scathing attack on Reform’s offer t
Rachel Reeves heads into harsh 2025 as UK Budget damage…
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
Reeves may have to U-turn over no more tax rises,…
A dramatic slowdown in economic growth and rising borrowing costs since the budget could undermine the government’s finances and force the chancellor, Rachel
Billionaire Mike Ashley denied Boohoo board seat after boardroom battle
British billionaire Mike Ashley has been denied a seat on the board of fast-fashion business Boohoo.A majority of Boohoo shareholders rejected eff
The Welsh economy is set to grow as UK joins…
UK today accedes to CPTPP, a major trade bloc in the Indo-Pacific which includes countries like Australia, Vietnam, Peru, Chile and Malaysia. Wales
Lift for Rachel Reeves as UK borrowing hits three-year low
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
Government borrowing lower than expected in November
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
UK business heading for ‘January of discontent’ says Tory ex-minister
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
Lord Peter Mandelson to be UK’s next ambassador to US
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
‘These water companies have got a damn nerve’: anger in…
“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
Bank of England holds interest rate at 4.75% but warns…
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
