UK defence supplier Meggitt faces job threats after it finalised a £6.3bn takeover deal from US rival Parker Hannifin. Board of the FTSE 250 engineering...
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24th Apr 2024 | Updated at 09:29am 24th Apr 2024
UK economy to shrink in 2023: IMF
The International Monetary Fund (IMF) has said that UK economy will shrink and perform worse than other advanced economies as the cost of living continues to hit households.
HMRC clarifies its stand on waiting times on self-assessment helpline
Officials working from home are not to blame for long waiting times on HM Revenue and Custom’s self-assessment helpline, the department has said.
A leading think tank believes the end of the UK government's furlough scheme will lead to an increase in job losses in the country. The National Institute...
London Mayor Sadiq Khan has demanded a £500mn bailout in transport budget as the city's Tube and bus services takes major cuts. Transport for London is...
A Bank of England policymaker has warned that the British economy is not out of the woods yet and the damage caused by the ongoing pandemic has only been partially repaired. Jan Vlieghe said Threadneedle Street should be cautious about raising...
The Weston family, the owners of Selfridges, announced that it launched a formal auction to sell the historic department store. It is understood that advisers at Credit Suisse will start looking for a buyer, with the company valued at as much...
In a shocking announcement, Tesco Bank said that it will close all current accounts from November as there were not enough customers using their current...
A British high court has granted a bankruptcy order against beleaguered businessman Vijay Mallya, allowing a consortium of Indian banks led by the State...
An inquiry by the treasury committee showed that David Cameron showed "significant lack of judgement" in the way he lobbied the government on behalf of Greensill Capital. The committee also questioned the former prime minister's judgment on...
Chancellor Rishi Sunak faces an extra £10bn bill over the next two years as inflation surges drive up interest bills on government debts. Approximately...
