Business
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UK home buyers count the cost of Kwarteng’s mini-Budget
Until last week Charles Wycherley saw market conditions for his family estate agency in southern England as like being “on…
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The housing crisis sits at the centre of Britain’s ills
The writer is the author of A Home of One’s Own In October 1950 at the Conservative party annual conference,…
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Prime Minister unable to say whether autumn benefits rise will go ahead
T he Prime Minister would not be drawn into whether benefits claimants might see a real terms cut as a…
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Britain’s railways face paralysis as unions resume strikes
Britain’s railways will grind to a near standstill on Saturday as transport unions begin a new wave of industrial action,…
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Gareth Bale ales to hit supermarket aisles ahead of World Cup tournament
W elsh football hero Gareth Bale’s own-brand beers are to hit supermarket aisles ahead of the World Cup in Qatar.…
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Kwasi Kwarteng crashes the bond market love-in
Just over a week ago, many international bond investors had barely heard of Kwasi Kwarteng. But the brand new UK…
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Jump in mortgage approvals in August is ‘calm before the storm’
T he number of home-buyer mortgage approvals increased sharply in August, to the highest level since January, according to the…
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UK watchdogs hold crisis talks to avert gilts cliff-edge
The UK watchdogs responsible for the £1.5tn corner of the pensions sector that came close to imploding this week are…
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Apple VP quits after ‘fondling’ gaffe viral video
A senior Apple exec is quitting the company after a video emerged of him boasting of “fondling big breasted women”…
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UK electric vehicle maker Arrival announces its first van
Electric vehicle start-up Arrival has produced the first battery van at its UK factory, saying it “proves” the company’s micro-plant…
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Fresh rail strike to disrupt services across the UK
F urther strikes by railway workers in the bitter dispute over pay, jobs and conditions are “inevitable” unless the deadlocked…
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UK economic turmoil: seven days of chaos
This article is an on-site version of our Disrupted Times newsletter. Sign up here to get the newsletter sent straight…
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European markets upbeat as UK economy grows
T here were glimmers of hope on Friday as official figures showed that the UK economy grew in the latest…
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Property slowdown seen as red flag for sector amid mortgage crisis
T he UK housing market is on the cusp of a dramatic drop according to experts who believe new data…
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The City of London punishes the political rogue traders
I detected a tone of relief when I rang round some old hands in the City of London this week…
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OBR ‘scrutiny’ valued say Truss and Kwarteng as forecast publication date given
T he Government will “work closely” with the Office for Budget Responsibility (OBR) in the coming weeks after a key…
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Tale of misogny at Goldman Sachs shows need for women bosses
T HERE was one place I used to work where the (male) bosses liked to invite favoured staff to a…
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Tesco to face questions over consumer demand concerns despite ‘rise in sales’
T esco is expected to reveal higher sales over the first half of the year despite pressure on consumer budgets.…
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One in five seeking better-paid work to meet rising costs, survey finds
A bout one in five adults are looking for new work so they can maintain their standard of living as…
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Experts continue to call on Truss to correct record ahead of new price cap
E xperts have called on Liz Truss to correct her claims on TV and radio that no families will have…
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Barclays suffers $361m fine from US regulators over trading blunder
B arclays has been fined $361 million (£327.3 million) by US regulators after it breached a limit on the sale…
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Fed ‘attentive’ to spillovers from global rate rises, vice-chair says
The second-in-command at the US central bank has said the Federal Reserve is “attentive to financial vulnerabilities” posed by the…
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Train services to be decimated by biggest rail strike of the year
B ritain’s rail network will be decimated on Saturday due to the biggest strike of the year. Only 11% of…
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UK pension funds sell assets and tap employers in rush for cash
UK pension schemes are dumping stocks and bonds to raise cash and seeking bailouts from their corporate backers as the…
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Momentum of the early years of workplace pensions drive ‘needs to be regained’
T he drive to encourage saving into workplace pensions needs to regain momentum, a decade after the scheme started, according…
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Outlier Britain needs a credible economic plan in a hurry
The writer, a former permanent secretary to the Treasury, is a visiting professor at King’s College London The story of…
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London’s Cineworld and Picturehouse cinemas stay open despite bankruptcy proceedings
L ondon’s Cineworld and Picturehouse venues are set to remain open for the time being after the boss of beleaguered…
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Restrictions on shop junk food displays come into effect
R estrictions on where shops in England can display junk food come into effect this weekend, despite concerns that Liz…
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FTSE 100 Live: Pound tanks after Kwarteng meets with OBR
1664536104 Pound tanks after Kwarteng meets with OBR The pound fell 1.5% against the dollar to $1.10 after it emerged…
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Dignity swings to £48m loss as cremations hit by higher fuel costs
F unerals group Dignity has revealed it swung to a loss of nearly £50 million and is considering introducing a…
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All is not normal in the City, however it looks
T HE scene as surveyed from 1 Lombard Street on Thursday afternoon almost looks old normal. Some folk at the…
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UK economy grows slightly in second quarter
It means that the UK might not currently be in recession, as was predicted by the Bank of England earlier…
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Civil servants relying on food banks amid cost-of-living crisis – report
A leading trade union is delivering a dossier to ministers, revealing the “depths of poverty” being suffered by the Government’s…
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UK remains only G7 economy to languish below pre-pandemic levels
Significant revisions to UK data indicate that Britain is the only G7 economy that remains smaller than it was before…
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Over half of workers feel ‘underpaid’ as pressure mounts on employers
M ore than half of British workers believe they are being underpaid as the cost of living crisis bites, with…
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Truss and Kwarteng due to meet with OBR amid market turmoil and party concerns
T he Prime Minister and the Chancellor will meet with the Office for Budget Responsibility (OBR) later amid market turmoil…
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UK economy latest: GDP stuck below pre-pandemic levels
© ALEX PLAVEVSKI/EPA-EFE/Shutterstock Two closely watched gauges of Chinese manufacturing sector activity diverged on Friday, complicating the outlook for the…
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Liz Truss and Kwasi Kwarteng to meet OBR in effort to reassure markets
UK prime minister Liz Truss and chancellor Kwasi Kwarteng will on Friday try to reassure markets they are serious about…
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UK house price growth stalls as rate rises pinch incomes
UK house prices were flat this month for the first time since July 2021, Nationwide figures show, revealing the impact…
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Landlords urge Chancellor to adopt private rented sector cost of living plan
L andlords have called on the Chancellor to use up to £1.5 billion from the levelling up budget to stop…
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Half of UK’s professionals to look for new job as result of mini-Budget – survey
H alf of Britain’s professionals are planning to look for a new job due to fears of rocketing mortgage bills…
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The week that wrecked our personal finances
Regardless of your income level or political leanings, one thing currently unites almost all of us as a nation —…
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Liz Truss’s growth delusion
There is a fashionable line of attack against Liz Truss’s single-minded focus on growth: what about the poor? What about…
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‘Scary’ market turmoil makes investors wary of UK private equity
Pension funds and insurers are “spooked” about committing cash to UK-focused private equity groups, in a sign that chancellor Kwasi…
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Sterling briefly erases losses from Kwasi Kwarteng’s ‘mini’ Budget
Sterling briefly recovered against the US dollar to levels before Chancellor Kwasi Kwarteng delivered the UK government’s “mini” Budget last…
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Profits tumble at Co-op amid soaring energy and labour costs
T he Co-op Group has revealed a sharp slide in profits for the past six months in the face of…
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Majority of people still not saving enough for retirement, MPs warn
T he majority of people are still not saving enough for their retirement, a decade on from the introduction of automatic…
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King Charles coin portrait unveiled by the Royal Mint
T he official coin effigy of King Charles III has been unveiled by the Royal Mint. People will start to…
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King Charles to appear on UK coins before Christmas
King Charles III will appear for the first time on coins as part of a memorial collection that will include…
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High energy prices will harm children’s development, charities warn
C harities have warned that high energy prices will harm children’s development this winter after a survey found a quarter…
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