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Economic shock from Iran war risks driving up global debt levels, says IMF
UK NewsBusiness

Economic shock from Iran war risks driving up global debt levels, says IMF

Conflict is pushing up price of energy and food, fuelling higher borrowing costs and hitting growth, report saysIran war escalation could trigger global recession, IMF warnsThe Iran war risks triggeri...

The Guardian - UK News5 months ago
Norwegian group in talks to buy former Liberty Steel works in South Yorkshire
UK NewsBusiness

Norwegian group in talks to buy former Liberty Steel works in South Yorkshire

UK official receiver understood to prefer Blastr as buyer for SSUK’s electric arc furnace in Rotherham and site in StocksbridgeBusiness live – latest updatesUK officials have entered exclusive talks w...

The Guardian - UK News5 months ago
Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen
UK NewsBusiness

Trump’s push to cut interest rates has echoes of ‘banana republic’, says Yellen

Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of controlBusiness live – latest updatesThe former US Federal Reserve chair Janet Yellen has attac...

The Guardian - UK News5 months ago
Aegon offloads 200-year-old UK business to Standard Life for £2bn
UK NewsBusiness

Aegon offloads 200-year-old UK business to Standard Life for £2bn

Deal will create pensions and savings group with 16 million customers and £480bn of assets, while Aegon focuses on USBusiness live – latest updatesThe Dutch financial services group Aegon has struck a...

The Guardian - UK News5 months ago
AA driving schools ordered to refund 80,000 learner drivers over hidden fees
UK NewsBusiness

AA driving schools ordered to refund 80,000 learner drivers over hidden fees

UK motoring group fined £4.2m by CMA for not showing full price of lessons at time of bookingThe AA has been fined £4.2m and ordered to make payments to more than 80,000 learner drivers for not showin...

The Guardian - UK News5 months ago
‘Field of Dreams stuff’: will Leeds finally get its trams after decades of promises?
UK NewsBusiness

‘Field of Dreams stuff’: will Leeds finally get its trams after decades of promises?

Plans for return of such transport have been discussed for years, and not all local people believe that service will comeIt is 1993 and a young James Lewis is going to do work experience in Leeds city...

The Guardian - UK News5 months ago
Expert tips on borrowing cash, from everyday spending to £20k loans
UK NewsBusiness

Expert tips on borrowing cash, from everyday spending to £20k loans

There are many options, from cards to buy now, pay later. We find out the best – and the effect on your credit scoreUntil recently, if you wanted to buy something you couldn’t afford upfront, you reac...

The Guardian - UK News5 months ago
Higher-income households benefited most from Help to Buy, thinktank finds
UK NewsBusiness

Higher-income households benefited most from Help to Buy, thinktank finds

Analysis by IFS shows George Osborne’s mortgage schemes launched in 2013 had little effect on social mobilityHigher-income households were the biggest beneficiaries of George Osborne’s Help to Buy mor...

The Guardian - UK News5 months ago
Lidl and Iceland ads are first banned under new UK junk food rules
UK NewsBusinessHealth

Lidl and Iceland ads are first banned under new UK junk food rules

ASA rules ads on Instagram and Daily Mail website broke ban on promoting items high in fat, salt and sugarLidl and Iceland have become the first companies to have ads banned after the introduction of...

The Guardian - UK News5 months ago
Iran war escalation could trigger global recession, IMF warns
UK NewsBusiness

Iran war escalation could trigger global recession, IMF warns

Growth forecasts cut for US and global economy, while UK suffers sharpest downgrade in G7Reeves arrives at IMF with little leeway to prove its UK downgrade wrongA further escalation in the Iran war co...

The Guardian - UK News5 months ago
Reeves arrives at IMF with little leeway to prove its UK downgrade wrong
UK NewsPoliticsBusiness

Reeves arrives at IMF with little leeway to prove its UK downgrade wrong

Chancellor faced with fund’s forecast that impact of Iran war will leave Britain as G7’s biggest loserIran war escalation could trigger global recession, IMF warnsThe Iran war is bad news for the glob...

The Guardian - UK News5 months ago
Run the dishwasher, plug in the car: how Great Britain plans to use record wind and solar power
UK NewsBusinessTechnology

Run the dishwasher, plug in the car: how Great Britain plans to use record wind and solar power

With a summer glut on cards, customers are being urged to use more energy when renewables are abundantGreat Britain households to be urged to use more power this summer as renewables soarGreat Britain...

The Guardian - UK News5 months ago
BP’s new boss to overhaul structure after retreat from green strategy
UK NewsBusiness

BP’s new boss to overhaul structure after retreat from green strategy

Meg O’Neill to return to upstream and downstream divisions after shift away from low carbon pushBP’s new boss has set out plans to reinstate the company structure the fossil fuel supermajor ditched si...

The Guardian - UK News5 months ago
UK steel exports to EU at risk as bloc doubles tariffs and halves quotas
UK NewsPoliticsBusiness

UK steel exports to EU at risk as bloc doubles tariffs and halves quotas

Decision to reduce duty-free quotas by 47% aimed at curbing Chinese importsThe EU is to go ahead with plans to double tariffs and halve quotas on imports of steel from July, in a move designed to curb...

The Guardian - UK News5 months ago
Telegraph takeover by German buyer cleared by culture secretary
UK NewsPoliticsBusiness

Telegraph takeover by German buyer cleared by culture secretary

Lisa Nandy says there are no grounds to refer Axel Springer deal to Ofcom, ending almost three years of uncertainty for titlesBusiness live – latest updatesThe culture secretary has cleared Axel Sprin...

The Guardian - UK News5 months ago
HSBC says Iran war is hitting confidence as businesses warn over economic risks
UK NewsBusiness

HSBC says Iran war is hitting confidence as businesses warn over economic risks

Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank’s chairBusiness live – latest updatesHSBC bosses have said the Iran war is already hitting gl...

The Guardian - UK News5 months ago
British Gas sent me a £571 bill for a flat I’ve never owned or lived in
UK NewsBusiness

British Gas sent me a £571 bill for a flat I’ve never owned or lived in

Now I’m being threatened with debt collectors because I don’t have a tenancy agreement or a mortgageBritish Gas opened an account in my name for an address that I have never occupied, and sent me a £5...

The Guardian - UK News5 months ago
Tuesday briefing: What needs to be done to tackle child poverty in the UK
UK NewsPoliticsBusiness

Tuesday briefing: What needs to be done to tackle child poverty in the UK

In today’s newsletter: More than one-fifth of ‘austerity-generation’ British children live in poverty. Our social policy editor talks about the damage done and the way forwardThe austerity years cast...

The Guardian - UK News5 months ago
Holidays take a hit as UK cost of living fears and Iran war bite
UK NewsBusiness

Holidays take a hit as UK cost of living fears and Iran war bite

Consumer spending on travel is down for the first time in five years while card spending edges up in MarchUK consumers have cut back on travel spending for the first time in five years, as they worry...

The Guardian - UK News5 months ago
UK households to be urged to use more power this summer as renewables soar
UK NewsBusiness

UK households to be urged to use more power this summer as renewables soar

Incentives to absorb surplus wind and solar energy could help balance the grid and lower billsThe UK needs more North Sea gas, not greater reliance on US imports | Nils PratleyHouseholds will be calle...

The Guardian - UK News5 months ago