5 hours ago UK private sector is contracting as firms give ‘thumbs down’ to the budget, hitting pound – business live

Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...

Economics

10 hours ago FTSE 100 Live 22 November: Games Workshop surges on strong update, retail sales disappoint

Household budgets are in focus after October’s retail sales figures showed a sharp fall and Ofgem increased the energy price cap.

Economics

10 hours ago UK private sector contracting as firms give ‘thumbs down’ to the budget – business live

Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...

Economics

11 hours ago North Korean general is wounded in Ukrainian strike inside Russia's Kursk region, it is revealed

Western officials confirmed that a high-ranking military officer from North Korea had become a casualty of the war in Ukraine for the first time yesterday, with 10,000 troops in Russia

Events

12 hours ago FTSE 100 Live 22 November: Budget jitters hit retail sales, Games Workshop shares surge

Household budgets are in focus after October’s retail sales figures showed a sharp fall and Ofgem increased the energy price cap.

Economics

12 hours ago Government urged to help struggling households with rising energy bills; budget uncertainty hits retail sales – business live

Rolling coverage of the latest economic and financial newsAverage annual energy bill to rise to £1,738 in Great Britain from JanuaryWhat is the energy price cap and can I cut my bill?The pound has dropped to a six-month low against the US dollar, after this morning’s weaker-than-expected retail sales report.Sterling fell as low as $1.255, its weakest level since 14 May, extending recent losses as economic worries have risen. Continue reading...

Economics

13 hours ago British households’ energy bills will rise by 1.2% in January – business live

Rolling coverage of the latest economic and financial newsWhat is the energy price cap and can I cut my bill?Citizens Advice fears that households with children and those on lower incomes will struggle to keep warm this winter:Alex Belsham-Harris, head of energy policy at Citizens Advice says: “Energy prices remaining relatively stable over winter will offer cold comfort to millions across the country already struggling to afford bills. It comes as people are falling further and further behind on their energy bills, with the amount owed to suppliers now a record £3.7 billion.“As colder weather sets in, we’re particularly worried about households with children and those on lower incomes, who are most likely to struggle with their heating costs.“The decision to introduce a price cap chang...

Society

29 hours ago I swear by my Dyson supersonic for fast drying – and now it’s on sale for Black Friday

The tool is reduced by nearly £100 ahead of the main event

Politics

32 hours ago Trainee optician wins almost £15,000 for discrimination after being sacked for taking time off after having a miscarriage

Ellis Taylor (pictured) told manager Chaz Uppal she had been signed off for seven days by a doctor because she was 'struggling to come to terms' with losing her pregnancy.

Economics

35 hours ago Public sector pay rises and debt interest costs push up UK government borrowing; Bitcoin nearing $100,000 – business live

UK records the second highest October borrowing since 1993, while crypto-friendly Trump pushes bitcoin towards $100kThe jump in UK borrowing last month (see opening post) makes it hard for Rachel Reeves to reverse any of the unpopular tax decisions in last month’s budget, says Sandra Horsfield, economist at Investec:Certainly, the pressure on public finances looks here to stay, unless the Chancellor receives unexpectedly good news on growth and therefore tax revenues in future.Tempting though it may be politically to reverse some of the more unpopular decisions taken in the Budget, Labour’s hands to do so, without offsetting other unpalatable choices, look tied for now.“After a good start to the period, helped by strong back-to-school sales, we saw increased trading volatility in Octobe...

Economics