Finance
856
Coca-Cola weighs sale of Costa Coffee amid rising costs and competition
Costa Coffee may change ownership once again, following revelations that Coca-Cola has met with potential buyers to discuss a discounted deal to sell the chain.
976
Rachel Reeves considers ‘stealth tax raid’ to fill £50bn gap in UK finances
Chancellor Rachel Reeves is arranging a ’stealth tax raid’ on workers in the upcoming budget as she aims to address a £50 billion shortfall in public finances, according to a report.
730
Fernwood Financial customers freed from debt as lender goes bust
It seems like a dream come true: obtaining a loan that you never have to repay.
839
TikTok cuts hundreds of jobs in Britain despite new online safety rules
TikTok has jeopardized the jobs of hundreds of UK content moderators, even as stricter regulations are being implemented to prevent the spread of harmful material online.
640
Labour to restrict child benefit for those living abroad
Labour is preparing to take strict measures against individuals claiming child benefits while residing abroad.
928
UK’s third-largest steelworks falls under government control
The UK’s third-largest steelworks has been placed under government control, creating an uncertain future for nearly 1,500 workers in Rotherham and Sheffield.
650
Rachel Reeves considers introducing tax on sale of family homes
Rachel Reeves is formulating plans to impose capital gains tax on the sale of family homes, potentially impacting pensioners who wish to downsize, it has been revealed.
762
UK inflation climbs to 3.8% in July, raising fears over delayed rate cuts
Inflation increased once more last month, reaching a higher than anticipated 3.8%, due to rising food and fuel prices, heightening concerns that the Bank of England will postpone further interest rate cuts.
796
Steel import chaos as UK firms threaten to sue government over sudden tariffs
Companies have sent a letter to the business secretary complaining that new rules were imposed with only 24 hours’ notice.
753
FTSE 100 executives paid over £1 billion while workers face cost of living crisis
Report reveals over £1 billion was distributed to just 217 FTSE 100 executives in the past financial year.
861
England may face 5.5% train fare increase next year
An inflation figure frequently utilized to determine increases in the cost of train travel will be announced on Wednesday.
872
Nearly 2,000 pubs ditch BrewDog as brand faces survival fight
BrewDog beers have been removed from nearly 2,000 British pubs, delivering a significant setback to the brewing company, which had to close 10 of its own pubs just weeks earlier.
768
Cryptocurrency becomes a ticket to the sky: airlines and travel agencies expand payment options
Major international airlines and online travel agencies are expanding payment options and now officially accept cryptocurrency for booking tickets and tours.
596
Loaf on the Line — Kingsmill’s Hovis takeover bid sparks job fears
Jobs expected to go if competition watchdog approves takeover by Associated British Foods
894
Autumn of taxes: Britons face hikes over £50 billion budget gap
Brits are preparing for tax increases in the autumn after economic growth slowed in the spring, experts warned.
836
Centrica to buy Europe’s biggest LNG import terminal in £1.5bn deal with US partner
Deal for Europe’s biggest facility for LNG imports comes as overall UK gas demand fell sharply last year
808
Arla survey: 13% of farmers ready to quit dairy production due to staff shortage
The Arla cooperative says five in six farmers receive very few or zero applications for job vacancies
879
Lammy faces possible legal challenge over plan to place Shell and BAE Systems staff in Foreign Office
Campaigners argue that having personnel from Shell and BAE Systems positioned within ministries creates a possibility for undue influence.
830
UK unemployment steady at 4.7% but vacancies drop for 37th consecutive month amid slowdown
Employers have reduced annual pay raises and scaled back hiring in recent months as the economic slowdown has impacted the job market.
948
Government prepares Thames Water bankruptcy plan in case of company collapse
Ministers have prepared insolvency plans for the utility giant Thames Water in the event of a potential collapse, with ministers warning that the company remains in "crisis mode".
763
Bank of England cuts interest rate to 4% in response to sluggish growth
The Bank of England has cut the interest rate to its lowest level in over two years.
875
US raises tariffs to highest level in a century as trade partners panic
Trump’s new tariff system comes into effect, introducing the highest duties in a century
812
Starmer defends economic plan as Reeves faces £51bn budget shortfall
Sir Keir Starmer has defended the Government’s stewardship of the economy amid warnings that taxes will need to rise in the autumn to plug a £51 billion black hole in the public finances.
925
Price war: Lidl steals Aldi’s title as UK’s cheapest supermarket
Aldi is no longer the cheapest supermarket in the UK - for the first time in nearly two years.
631
Morrisons closes 17 stores and cuts 3,600 jobs after a loss‑making year
Morrisons revealed that they cut 3,600 jobs after closing 17 stores last year following a challenging year.
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