Diesel price hits new record high
The average price of a litre of diesel has climbed to a new all-time high, according to the RAC. Motorists are paying an average of just over £1.80 per litre…
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Tesco to rent out office space for flexible working
Businesses and individuals looking for flexible office space will be able to use their local Tesco under a new plan announced by the supermarket chain. As part of an agreement…
Morrisons offers rescue deal for McColl’s
Morrisons has put forward a last-minute rescue deal for convenience retailer McColl's. The two companies are already partners, with McColl's operating more than 200 smaller shops under the Morrisons Daily…
Bank of England raises interest rates to 1%
The Bank of England has raised the base rate of interest from 0.75% to 1%, the highest level since 2009. It's the fourth consecutive increase since December and comes as…
Bumper pay growth in UK finance sector
Finance and insurance sector workers in the UK have seen their pay go up by almost a third since the start of the pandemic, new figures show. Analysing HMRC payroll…
CMA ‘minded to accept’ sale of 87 petrol stations to clear Morrisons takeover
The UK's Competition and Markets Authority (CMA) has said it was "minded to accept" a plan for the new owner of Morrisons to sell 87 petrol station forecourts. US private…
Heathrow Airport’s pandemic losses top £4bn
Passenger numbers are up, but London's Heathrow Airport will still not make a profit this year. Revenue for the UK's biggest airport in the first quarter of 2022 climbed to…
IMF expects inflation to hit UK economic growth
The International Monetary Fund (IMF) has lowered its growth forecasts for the UK and the rest of the world. In its latest quarterly report, the IMF cut its forecast for…
Retail sales slow as consumers rein in spending
Shop sales have slowed down as household budgets come under pressure from the rising cost of living, new figures show. Retail sales last month were up 3.1% compared to March…
Women earn 90p for every £1 a man earns
Companies in the UK pay their female staff on average 90p for every £1 earned by men, new figures show. The Chartered Institute of Personnel and Development (CIPD) found that…
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