Economy
Sainsbury’s announces ‘industry-leading’ pay rise for 120,000 employees
Business
Sainsbury’s has announced plans to increase the rate of pay for 120,000 employees by more than nine per cent. The supermarket said ...
Britain at risk of recession as growth revised down
Business
Barclays believes rates will fall to 3.25pc by early 2025. The growth figures reveal the impact of high interest rates on UK ...
‘Staggering’ number of people not saving enough for retirement
Business
He said that in the UK just 9pc of pension funds are invested in these assets, which is far less than the ...
Cash usage grows for first time in decade as Britons ‘return to pre-pandemic habits’
Business
Cash usage has grown for the first time in a decade, a new report by the British Retail Consortium (BRC) shows, in ...
Bank of England warns private credit poses threat to financial stability
Business
Sarah Breeden, the Bank’s deputy governor with responsibility for financial stability, said risky corporate lending “is a business model that has grown ...
Hunt’s room for tax cuts squeezed by £15bn-a-year losses on Bank of England bond sales
Business
Sir John Redwood, who formerly headed Margaret Thatcher’s policy unit, urged the Bank to stop actively selling bonds. He said: “They’re making ...
Mortgage price war ramps up as Rishi Sunak prepares to claim inflation victory
Business
Halifax, which is part of Lloyds Banking Group, Britain’s biggest lender, said it was cutting its mortgage rates by up to 0.46 ...
Eurozone on the brink of recession
Business
A closely-watched survey of Chinese economic activity showed the country’s manufacturing sector shrank unexpectedly in October, raising fears about the health of ...
