News

Chief economist Andy Haldane urges Bank of England to avoid interest rate hikes

Today

Andy Haldane (pictured) said that a series of rate rises predicted by financial markets was 'relatively unlikely' even as the Middle East crisis rages.

Co-op chief quits after being accused of presiding over a 'toxic culture'

Today

Shirine Khoury-Haq, 55, will leave at the end of this week after four years in charge. She will be replaced by director Kate Allum on an interim basis.

Middle East conflict will push up prices on the High Street, warn retail chiefs

Today

Next boss Lord Simon Wolfson, pictured, said the conflict is 'likely to have knock-on effects on costs, selling prices and consumer demand'.

Big blow to national saving: Scandal at NS&I threatens a critical source of government funding, says ALEX BRUMMER

Today

Trust in the great state-run financial institutions is at low ebb. Hard on the heels of the still unresolved Post Office scandal comes scandal at NS&I.

Household confidence rocked by 'ripple of fear' spread by Middle East crisis

Today

GfK's long-running consumer confidence index dropped two points to minus 21 this month amid expectations of further sharp price rises.

Britain to be hit harder than any other G7 economy by Middle East shock as growth collapses and inflation soars, OECD warns

Today

Britain is set to be hit harder than any major advanced economy by a slowdown driven by war in the Middle East, according to a damning new global forecast.

The 10 most reliable used cars aged between three and 15 years old revealed - is yours on the list?

Today

The most reliable used cars have been revealed by Warrantywise. These are the top 10 models - and there's a lot of small, affordable cars on the list.

FTSE closes down 134 points as oil rebounds; NS&I in turmoil - MARKETS CLOSE

Today

The FTSE 100 sank lower as oil topped $105 a barrel again, amid fading hopes of a de-escalation in the Middle East.

Drax under fire over £8bn green energy tax break for its wood-burning power stations

Today

Drax came under fire as it emerged its boss could earn nearly £7m this year having scooped just under £2.7m last year despite a sharp drop in profits.

Daniel Craig helps launch BYD's new premium Chinese EV brand Denza in Europe

Today

Denza, BYD's new energy vehicle sub-brand, has revelaed Daniel Craig as its new brand ambassador ahead of its European launch.

Co-op boss steps down after four years as retailer swings to a loss after cyber attack

Today

The boss of the Co-op will step down after four years, as the retailer reported it had taken a significant hit from a cyber attack and higher employment costs.

'Just not sustainable': Marks & Spencer boss accuses Labour of driving up energy bills

Today

Stuart Machin, who runs one of Britain's biggest High Street chains, said that government levies now make up more than half of the retailer's energy costs - which is 'not sustainable'.

NS&I will 'reunite' bereaved families with cash and pay compensation in some cases, minister says

Today

NS&I said it estimated that up to 37,500 bereavement claims with a total value of up to £476m in customer deposits may have been affected.

Death of the gear change: Less than a quarter of new cars have a manual transmission with EVs killing off the gear stick within FOUR YEARS

Today

A market-wide review of new models in showrooms found that only 23% have a gear stick, which is rapidly dying out as car makers ramp up their EV efforts.

How to earn tax-free profits on Bitcoin and Ethereum

Today

The Innovative Finance Isa will soon become the only Isa to allow investors to back the biggest cryptocurrencies, including Bitcoin and Ethereum.

Labour promised the G7's strongest economy but the OECD says the UK is most vulnerable: HUGO DUNCAN

Today

Instead of being the fastest growing economy in the group, as Labour promised, the UK is becoming a laggard mired in stagflation.

What can celebrities teach you about money? A fair amount, actually, says LEE BOYCE

Today

What can celebrities teach you about money? At first thought, you'd be forgiven for thinking… well nothing. But believe me, they can.

Currys shares sink as boss Alex Baldock announces exit after eight years

Today

Alex Baldock joined Currys in 2018 after working for six years as group chief executive of Shop Direct.

Next boss warns war in the Middle East could push up prices this year

Today

Lord Simon Wolfson said war could have 'knock-on effects on costs, selling prices and consumer demand' outside of the region, including in the UK - as well as hitting sales in the Middle East itself.

Consumer confidence 'collapsed' after Iran war as economic gloom gathers

Today

The worrying survey from the British Retail Consortium and pollsters Opinium comes just as Labour had insisted that there have been green shoots appearing in the economy.

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