UK supermarkets ask suppliers for payments due to driver shortage

Asda, Tesco and others forced to pay delivery drivers more because of scarcity caused by Covid and Brexit Last modified on Fri 23 Jul 2021 14.01 EDT Asda, Tesco and Sainsbury’s are asking some suppliers for extra payments to cover costs after being forced to hike wages for delivery drivers because of widespread shortages. In […]

UK to trial automatic energy bill switching system

Households paying expensive standard tariffs for electricity and gas will be moved to cheaper deals, UK government says Last modified on Fri 23 Jul 2021 09.30 EDT Households paying expensive standard tariffs for gas and electricity are to be automatically moved on to a cheaper deal as the government moves to tackle “rip off” bills. […]

UK borrowing falls as debt interest payments jump to £8.7bn

As economy reopened, government’s budget deficit reached £22.8bn in June, says ONS Coronavirus – latest updates See all our coronavirus coverage Last modified on Wed 21 Jul 2021 03.34 EDT UK government borrowing fell in June as the reopening of the economy from lockdown fuelled a rise in tax receipts despite a record jump in […]

UK growth slows as computer chip shortage hits carmaking

GDP expanded by 0.8% in May, which was much weaker than the 1.5% forecast Business live updates: UK economic growth slowed in May Coronavirus – latest updates See all our coronavirus coverage Last modified on Fri 9 Jul 2021 03.18 EDT Britain’s economic recovery stumbled in May when growth slowed to 0.8% after a contraction […]

UK government pushes bill to crack down on illegal immigration, hold migrants offshore

Fox News Flash top headlines for July 6 Fox News Flash top headlines are here. Check out what’s clicking on Foxnews.com. The British government introduced legislation on Tuesday that would usher in a sweeping crackdown on illegal immigration – with new penalties for those who enter the country illegally and permission for the government to […]

Brexit ‘madness’ will wreck UK steel industry, Tories warned

Sector faces glut of cheap imports because of recommendation that EU protections should not be renewed The government was on Saturday night accused of dealing a hammer blow to the struggling British steel industry in the name of Brexit and free trade, as a fresh political row blew up over plans to allow more cheap […]

UK inflation jumps to 2.1% as petrol and clothing prices rise

Bank of England target breached for first time in two years to fuel fears of sustained rise in cost of living Coronavirus – latest updates See all our coronavirus coverage Last modified on Wed 16 Jun 2021 03.36 EDT UK inflation jumped to 2.1% in May, breaching the Bank of England’s target for the first […]

UK housing market is on fire, warns Bank of England chief economist

Continued rise stoked by tax breaks and demand from well-off households likely to deepen inequality, says Andy Haldane Last modified on Tue 8 Jun 2021 15.25 EDT Britain’s housing market is “on fire” thanks to the extension of government tax breaks for homebuyers and increased demand from richer households with more savings following coronavirus lockdowns, […]

6.5m households in UK plan to buy an electric car by 2030

Ofgem data points to consumer shift as ban on sale of new petrol and diesel vehicles approaches Last modified on Thu 20 May 2021 19.12 EDT One in four UK households intend to buy an electric car in the next five years, as a ban on the sale of new petrol and diesel vehicles in […]

UK Economy Shrinks In Q1

The UK economy contracted in the first quarter as school closures and a large fall in retail sales earlier in the quarter dragged down growth, the Office for National Statistics reported Wednesday. Gross domestic product shrank 1.5 percent sequentially, reversing a 1.3 percent rise in the fourth quarter. Economists had forecast a sequential drop of […]