Britain will bring back sales tax free shopping for overseas visitors to boost the country's flagging retail sector, finance minister Kwasi Kwarteng announced recently.

Health secretary Therese Coffey has promised a £500 million “down payment” for social care as part of plans to “rebalance” NHS and care funds. Unveiling her new plan for the NHS, Coffee also admitted NHS backlogs would rise before they fall.

The Bank of England increased the bank rate by 0.5 percentage points to 2.25 pc mailing it the highest level since 2008. The average monthly mortgage bill has now risen to £1,150, a jump of £349 since the beginning of the year, according to...

Consumers in UK are racing to exchange their old paper banknotes for new plastic versions, just over a fortnight before they cease to be legal tender at the end of September.

New Chancellor Kwasi Kwarteng is in talks with bank bosses to thrash out the details of a £40 billion bailout fund for energy firms. Bank of England governor Andrew Bailey is also in the talks amid mounting concerns over soaring wholesale gas...

More than a quarter of UK SMEs say they have had difficulties accessing finance from their main banks, according to new research.

Leading economic experts have warned that a slight fall in overall inflation does not provide relief for the cost of living crisis as reduced fuel costs mask the fact that prices for household goods are still rising.

Energy bills will be frozen at an average of £2,500 for two years in the run-up to the next general election as families battle the cost-of-living crisis. The energy price cap will be scrapped and replaced with a new “energy price guarantee”,...

Lloyds Banking Group has been hit by more than 300 million pounds of suspected fraud linked to Covid-19 pandemic-era recovery loans for small businesses, the highest among big bank peers, according to government data.