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4h ‘This is a Labour moment’: Keir Starmer sets out vision for Britain
2h Labour MP suspended after calling Kwasi Kwarteng ‘superficially’ black
2h Bank warns of ‘significant’ rate rises as pound slumps again
7h Met chief: I’ll root out the racists and misogynists in our ranks
4h Police hunt 13 after protest erupts into violence at Iranian Embassy
6h Elizabeth Line delivers £20m boost for TfL
Business News
Business News
7m

Royal Mail cleaners and engineers to strike over pay

The CWU union said around 90% of Royal Mail cleaners have had no pay rise this year.
Business News
12m

Starmer puts publicly-owned energy firm at heart of plan to restore hope to UK

Labour leader Sir Keir Starmer was scathing about Liz Truss and Kwasi Kwarteng’s handling of the economy.
Business
12m

Boohoo founder loses £500 million as firm’s stock becomes most shorted

Founder Mahmud Kamani has seen the value of his share in the business shrink to just £60 million

Business News
46m

FTSE closes below 7,000 for first time in six months after late drop

The FTSE 100 closed at 6,984.59, a fall of 36 points, and the pound was a little higher than where it started.
Business

Billionaire Bankman-Fried’s FTX snaps up assets of bankrupt Voyager

Voyager had snubbed an earlier offer from FTX to purchase its assets, describing the proposal as a ‘low-ball bid dressed up as a white knight rescue.’

Business News

Starmer promises to restore ‘sense of collective hope’ after Tory turmoil

The Labour leader said people were crying out for change after 12 years of Conservative rule.
Business News

Cost-of-living crisis could reverse over-50s ‘great resignation’, survey shows

Far more over-50s who quit their jobs since the pandemic have considered returning to work in recent months because they need more money.
Business News

Sunak supporters express alarm at tax-cutting plan amid market turmoil

Rishi Sunak spent the vast majority of the leadership campaign warning against Liz Truss’s promise of tax cuts, labelling them a ‘moral failure’.
Business News

Workers begin second eight-day strike at Port of Felixstowe

Around 1,900 members of Unite walked out at 7am on Tuesday, following a similar strike last month in a dispute over pay.
Business News

Upper Crust owner SSP Group raises earnings expectations amid travel recovery

The global company said that it expects revenues over the three months to September 30 to be 91% of pre-pandemic levels.
Politics

Bank of England urged to prop up pound as banks pull mortgage deals

Although the pound rallied on Tuesday morning some senior Conservatives want the Chancellor to go further to calm financial markets

Business News

Chancellor to meet City investors after budget sparks market chaos

Kwasi Kwarteng is set to discuss a package titled Big Bang 2.0 with asset managers and insurance companies on Tuesday.
Business

Bank of England struggles to win confidence of markets

City Comment: If you aren’t nervous, you aren’t paying attention

Business News

Text service launched to help tradespeople open up about mental health

The scheme has been launched by the Band of Builders charity, and coincides with the return of the Big Brew campaign.
Business News

Saga shares slide after profit warning over rising insurance claims

It downgraded its expectations after facing high levels of claims inflation, currently about 13%, in its underwriting business.
Business News

Waste firm Biffa agrees £1.3 billion US takeover deal

It comes three months after Biffa told shareholders it was likely to accept a higher bid from ECP.
Business News

Domino’s UK hires board director as interim boss

The pizza delivery chain said non-executive director Elias Diaz Sese will take on the role from October 10.
Business News

New stamps and banknotes featuring Charles’ image to be introduced sustainably

King Charles III’s image will appear on stamps, coins and banknotes in the future.
Business News

Fresh strike for workers at UK’s largest container port

Around 1,900 members of Unite at Felixstowe will walk out.
Business News

Labour presents alternative to ‘out of control’ Tories after market chaos

Shadow chancellor Rachel Reeves said she would be a ‘responsible chancellor’ in contrast to Kwasi Kwarteng.
Business News

Bank says it will ‘not hesitate’ to intervene over market turmoil

Bank governor Andrew Bailey hinted at a possible rise in interest rates.
Business News

FTSE steady after Friday’s sell-off despite record-low pound

The index hit lows of around 6,939 in the morning but was 2.35 points higher, or 0.03%, at 7,020.95 when European markets closed.
Business News

Next Budget set for spring, Chancellor confirms after drama in money markets

While no firm date has been set, the Treasury said on Monday that it will take place in the spring.
Business News

Bank of England will change rates ‘as much as needed’ to control inflation

The pound crashed on Friday and Monday after the Chancellor’s mini-budget
Business

The pound: how low can it go?

City experts are watching for sterling hitting parity with the dollar amid talk of an emergency rate hike

Business

Global manhunt for crypto boss after stablecoin loses $45 billion

South Korea’s special financial crimes unit began an investigation into Kwon’s Terra after a group of five investors filed criminal complaints

Business News

Matalan put on market as former New Look boss named interim chief

The news came as the group said that chairman John Hargreaves, who founded the company in 1985, would be stepping down from his role.
Business News

Reeves: I’ll reverse abolition of 45% tax rate to fund NHS staff

The shadow chancellor said a Labour administration would also implement the “biggest expansion of medical school places in British history”.
UK

Slump in pound could push up price of pint, says brewery boss

The pound’s slide to a record low was described as ‘worrying’ for the British beer industry

Business News

UK economy to grow slower than previously predicted in 2022, says OECD

The influential economic body also forecast that GDP will stay completely flat in 2023 in the UK.
Business News

EasyJet to invest in new planes and optimise descents to reach net zero

EasyJet has unveiled a plan to reach net zero carbon emissions by 2050.
Business

Calls on Bank of England for emergency rate rises as bond yields jump

Pound falls to lows not seen in a generation as confidence in UK governments tax plans plummets on global markets

Business News

Labour accuses Kwasi Kwarteng of ‘fanning flames’ of falling pound

Shadow chancellor Rachel Reeves accused the Government of recklessly gambling with the nation’s finances.
Business News

Climate review to deliver big bang moment for net zero, says leading green Tory

Former energy minister Chris Skidmore will lead a review into delivering net zero while maximising economic growth.
Business News

Electric car drivers hit by 42% hike in price of public chargers

The RAC said the cost of using public rapid chargepoints has soared since May.
Business News

The pound has hit a record low – What will it mean for Britons?

Sterling slid to its lowest against the US dollar on record after traders swallowed the impact of the Chancellor’s tax cut plans.
Politics

Pound sinks to record low as Chancellor hints of more tax cuts

The Chancellor has previously brushed off questions about the markets’ reaction to his mini-budget