Sharp slowdown in UK growth lends Sunak’s plan a hollow ring

Analysis: The fact that figures for Q3 compare unfavourably with other large economies must worry the chancellor All the latest business news – live First published on Thu 11 Nov 2021 07.34 EST Growth is up, said Rishi Sunak in his budget speech last month, but the figures for the third-quarter show this claim is […]

Thousands of UK phone boxes to be protected from closure

BT to be banned from scrapping payphones in areas with poor mobile coverage or high accident rates Last modified on Tue 9 Nov 2021 07.00 EST About 5,000 public phone boxes around the UK will be protected from closure in areas of high accident rates or poor mobile signals, under plans drawn up by Ofcom, […]

UK petrol prices reach record highs amid oil market pressure

Average price rises to 142.94p a litre on Sunday, while diesel is still a little short of its previous record Last modified on Mon 25 Oct 2021 06.49 EDT UK petrol prices have hit their highest level on record and could rise further in the coming weeks as the global energy crisis drives oil markets […]

UK drivers told to shop around as petrol prices head to new highs

Supermarket fuel can be up to 5p a litre cheaper for petrol and up to 6p lower for diesel, says AA Last modified on Sat 23 Oct 2021 02.02 EDT Motorists are being advised to shop around for fuel before filling up this weekend as the soaring cost of car ownership heaps fresh pain on […]

UK strikes trade deal with New Zealand – but it may add nothing to GDP

‘Groundbreaking’ agreement criticised by UK farmers is part of 10-year plan to pivot to Indo-Pacific First published on Wed 20 Oct 2021 17.30 EDT Britain has struck a trade deal with New Zealand, a key ally, as ministers hope to stem the country’s reliance on China – but the agreement is expected to add no […]

Average UK house price rises by £25,000 in a year

Cost of a home climbed in every region in 12 months to August, with prices in London rising to £526,000 First published on Wed 20 Oct 2021 08.04 EDT The average cost of a UK home increased by £25,000 in the 12 months to August, official figures show, with rises recorded in all regions. The […]

Just 20 UK visas issued to foreign lorry drivers, government admits

Oliver Dowden says applications ‘relatively limited’ for emergency visa scheme aimed to stem supply chain crisis Last modified on Wed 13 Oct 2021 17.03 EDT Just 20 UK visas have been issued to HGV drivers from abroad who took up the emergency offer of employment to avoid empty shelves in the run-up to Christmas, a […]

UK Construction Sector Growth Moderates In September

The UK construction sector growth weakened in September with the output rising to the smallest extent for eight months amid supply chain issues and softer demand, data published by IHS Markit showed on Wednesday. The Chartered Institute of Procurement & Supply construction Purchasing Managers’ Index fell more-than-expected to 52.6 in September from 55.2 in August. […]

UK electricity generation to be fossil fuel free by 2035, says Boris Johnson

PM tells Conservative conference that removing gas as power source will help protect against price surges Last modified on Mon 4 Oct 2021 09.59 EDT The prime minister has confirmed plans to eliminate fossil fuels from UK electricity generation by 2035. Speaking during the Conservative party conference, Boris Johnson said the proposed shift would help […]

Fuel crisis: UK government mobilises reserve tanker fleet and army

Business secretary Kwasi Kwarteng confirms 150 soldiers being trained to deliver supplies to petrol stations Last modified on Wed 29 Sep 2021 11.09 EDT The government’s reserve tanker fleet has been deployed to help tackle the fuel supply crisis at UK petrol stations, as soldiers train to join the distribution effort within days. The business […]