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Business
Money
3m

Post Office expects rush of customers depositing paper £20 and £50 banknotes

September 30 is the last day that the Bank’s paper £20 and £50 banknotes will have legal tender status.
Business News
3m

Companies ‘desperate’ to recruit technical engineers and data experts – report

Manufacturers are competing with top City banks and leading innovation companies to hire workers with digital and technical skills, study finds
Business News
3m

Ofgem should bring down standing charge, energy boss says

Greg Jackson said that the country much not kick energy bills into the long grass after the Government’s recently announced support package.
Business

Boss of jewellery firm Astrid & Miyu inspired by ‘magical’ shopping

Connie Nam focused on her love of jewellery after a career in investment banking left her “burnt out”

Business News

Government dismisses criticism of tax cuts as ‘politics of envy’

Chancellor Kwasi Kwarteng’s tax-slashing programme has come under fire for mainly benefiting the rich.
Business News

‘Only the very richest’ in Britain will see incomes grow, tax cut analysis says

Resolution Foundation said 95% of the population will still get poorer as the cost-of-living crisis continues.
Business News

Kwasi Kwarteng insists vast tax cuts ‘not a gamble’ amid hostile reception

The Chancellor said the measures are ‘absolutely fair’ despite accusations they will deepen inequality.
Business News

The pound is dropping – What will it mean for Britons?

Sterling hit its lowest for 37 years on Friday after the Chancellor’s mini-budget.
Business News

Chancellor on collision course with unions over strikes

Kwasi Kwarteng told the Commons it is ‘unacceptable’ that strike action is causing so much disruption.
Business News

Markets plunge in ‘worst day ever’ after mini-budget

Sterling repeatedly fell to new 37-year lows against the dollar during the day, slowly edging towards its all-time trough.
Business News

ScotRail workers to strike over pay

Members of the Rail, Maritime and Transport union at ScotRail will walk out on October 10 in a dispute over pay.
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Business

Report shows rising power of female angel investors

Over 60% of the investment by women angels was in London and South East England

Business

Pub and restaurant body challenges Chancellor on VAT budget omission

UKHospitality boss insists ignored business rates must also be urgently addressed in autumn budget or before

Business

Smiths Group shares lead small band of FTSE 100 gainers

Engineering group also ups its forecast as order book stays strong despite supply chain “challenges”

Business News

Kwasi Kwarteng says he is happy to ‘engage’ with Tory MP’s call to cut fuel duty

Conservative MP Robert Halfon, a long-time campaigner for lowering fuel duty, said petrol and diesel prices have been at historic highs’.
Business News

Housebuilders boosted by stamp duty cuts and moves to free up planning

Vistry and rivals Countryside and Crest Nicholson enjoyed share gains after Kwasi Kwarteng revealed a boost for homebuyers and developers.
Business

Kwarteng scraps cap on City bank bonuses

Experts warn that the move could bring a return of reckless lending

Business News

Chancellor’s economic plans will reward ‘already wealthy’, warns Rachel Reeves

The shadow chancellor said Kwasi Kwarteng’s statement had acted as a comprehensive demolition of the Conservatives’ record in power.
Business News

Government to borrow more than £70 billion to fund energy help and tax cuts

As with most loans, the Government promises to pay back what it has borrowed, plus an interest.
UK

At a glance: Key points from Kwasi Kwarteng’s mini-budget

The Government wants a new approach to growth, Mr Kwarteng said, with the aim, over the medium term, to reach a trend rate of growth of 2.5%

Business

Burberry COO Brown departs fashion house

Hunt is on for successor at brand favoured by stars including Emma Watson and Billie Eilish

Business News

Economy continues to weaken, influential report finds

The S&P Global/CIPS flash UK composite purchasing managers index gave the economy a score of 48.4, well below what experts had forecast.
Business

Sofa retailer ScS appoints former Argos boss Walden chair

He replaces Alan Smith who will step down from the group at the end of next year

Business News

In The Style enjoys ‘solid’ progress on growth plans amid retail challenges

The online fashion retailer hailed the successful launch of its wardrobe staples collection, at its annual general meeting.
Business

Furniture retailer Made up for sale

Last month the online platform sought eleventh hour financial bail out

Business News

The Works’ shares rocket after ‘encouraging’ sales and return to profit

The stationery, crafts and books retailer hailed pre-tax profits for £10.2 million for the year to May.
Business News

Revolution Beauty to undergo investigation into auditing failures

The beauty brand has called in independent investigators to look into ‘serious concerns’ raised by its auditor, BDO.
Business News

Most electric car owners unhappy with public charging infrastructure – survey

Some 74% of people questioned said they are dissatisfied with the system.
Business News

Consumer confidence falls to fourth record low in five months

GfK’s long-running Consumer Confidence Index fell five points in September to minus 49, the worst score since records began in 1974.
Business News

Sunday roast in decline as soaring cost of living bites

Almost a fifth of cooks claim they no longer switch the oven on at all, according to a poll by BBC Good Food.
Business News

Chancellor to set out plans for ‘new era focused on growth’ in mini-budget

Kwasi Kwarteng is expected to put into practice many of Liz Truss’s tax-cutting promises and detail how the energy package will be funded.
Business News

Kwarteng to announce plans for low-tax investment zones

The Government is in talks with 38 local and mayoral combined authority areas in England to set up new investment zones.
Business News

Government should allow OBR’s economic forecast at mini-budget, MPs told

The Office for Budget Responsibility will not be allowed to make the independent economic forecasts that it usually publishes alongside a budget.
Money

DWP ‘on track’ with £150 cost-of-living payments to people with disabilities

Consumer champion Martin Lewis said for people in a desperate situation, ‘expectation management is crucial’.
Business

Don’t count on Christmas post as strikes bite

The first ‘normal’ festive season is in danger of being a nightmare and not delivered as planned

Business

Secret Cinema sold in $100 million deal

New owners plan permanent location in London

UK

National Insurance rise to be reversed from November 6

Kwasi Kwarteng says the tax cut will help 28m people in the UK keep an extra £330 a year

Business News

UK ministers give green light to new North Sea oil and gas operations

The move sparked an angry reaction from climate change campaigners, who say a new licensing round could be illegal.
Business News

More rate hikes ‘on the cards as tax cuts set to add to inflation pressures’

Some economists have warned the mini-budget measures set to be announced will result in higher rates for longer.
Business News

PZ Cussons says cost inflation hit £40 million this year

The business, which owns soap brands Carex and Imperial Leather, posted pre-tax profits of £66.6 million, a 2.9% drop from a year ago.
Business News

Ofgem warns Utilita and Scottish Power over failure to protect customers fully

The regulator’s action follows Utilita’s lack of support for vulnerable customers and Scottish Power’s debt repayment plans.
Money

Homes with water butts and permeable driveways could see lower bills – Ofwat

The regulator has called on water firms to trial ‘creative and targeted ways’ to charge customers for their usage.