Rachel Reeves dismisses £50bn ‘black hole’ in public finances
Rachel Reeves has dismissed forecasts of a £50bn “black hole” in the public finances, despite higher borrowing costs and expected tax rises piling pressure on the chancellor ahead of the…
Bank of England ‘very concerned’ at threats to US Fed independence
The Bank of England governor has warned that threats to the US Federal Reserve’s independence are “very serious” and a “very dangerous road to go down” as President Donald Trump…
‘Hero’ plumber James Anderson’s firm breached multiple rules, report finds
Ed ThomasUK editor and Rebecca WearnBBC News Reuters James Anderson’s community interest company Depher received at least £2m in donations A firm run by a man dubbed “Britain’s kindest plumber”…
Lush shuts all UK retail stores for a day in Gaza protest
Cosmetics retailer Lush has shut down all of its physical stores and online shop for one day in protest over starvation in Gaza. A statement on its website states it…
Government in favour of merging all UK steel companies into one
The government is in favour of merging all of the UK’s steel companies into one, because of concern over the sector’s financial viability, BBC News can reveal. There are six…
Topshop plans return to High Street in John Lewis stores
Topshop will return to the High Street, five years after it closed all of its UK stores. The brand is going to be available in 32 John Lewis shops from…
Budget to be held on 26 November, Rachel Reeves announces
Faisal Islam & Michael RaceEconomics editor & Business reporter, BBC News Getty Images Chancellor Rachel Reeves before last year’s Budget The Budget will be take place on Wednesday 26 November,…
US revokes TSMC’s authorisation on China-bound tech
Washington has pulled Taiwan Semiconductor Manufacturing Company’s (TSMC) authorisation to freely ship advanced technology from the US to China, the company said. The block potentially disrupts the chip giant’s manufacturing…
UK cement production drops to lowest levels since 1950s
Pritti Mistry & Simon BrowningBusiness reporters, BBC News Getty Images UK cement production has fallen to its lowest level since 1950, putting the government’s house building plan at risk, a…
‘Less of a stigma’ on second-hand school uniforms
Holly-Anne LangloisBBC News, Guernsey BBC The cost of living and specific school uniform requirements have been cited for an expensive return back to school Emma-Jayne BlackmanBBC News, Jersey A family…