Business

Business

Why has British Airways stopped selling short-haul flights from Heathrow?

On connecting routes such as Edinburgh to Rome, BA says there is nothing available in the next week

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Business

BP ‘laughing all the way to the bank’ with bumper profits while households face poverty, say campaigners

Oil giant sees profits triple to £6.9bn in second quarter while households struggle with massive bill increases

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Business

Energy bill costs expected to remain at record-high levels throughout 2023

Cornwall Insight said the price cap on energy bills will hit a staggering £3,359 per year from October, rising to £3,616 in January and £3,729 from April 2023

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Business

Anger as BP profits triple to $8.5bn amid soaring household energy bills

Renewed calls for windfall tax as energy firms make ‘eye-watering’ sums as families struggle to afford bills

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Business

Bank of England faces one of its toughest-ever interest rate decisions as UK heads towards recession

Rates expected to rise again, by 0.25% or 0.5%, increasing costs for millions of borrowers

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Business

Mortgage rules eased as Bank of England scraps affordability test

Bank of England says change should not be seen as a ‘relaxation of the rules’

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Business

British workers suffer biggest drop in regular pay since records began

British workers have suffered the largest drop in regular pay since records began, with wages falling by nearly 3 per cent. Earnings excluding bonuses fell by 2.8 per cent between March and May this year when inflation is taken into account, Office for National Statistics (ONS) data shows. This was the biggest drop since records […]

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Business

Cutting UK taxes now would be a mistake, International Monetary Fund warns

Cutting taxes at the moment would “be a mistake”, according to a top official at the International Monetary Fund. Four of the final five Tory leadership candidates have pledged to cut taxes if they become prime minister. But not Rishi Sunak, who has argued that slashing taxes would fuel rising inflation. “I think debt-financed tax […]

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Business

Parcel delivery firms must ‘substantially’ improve complaints handling, warns watchdog

Parcel firms “must get better” at handling customer complaints after around a quarter of people have had problems when raising issues with deliveries, regulator Ofcom has warned. The watchdog confirmed a raft of measures first set out last December and said fines or tighter regulation could be on the way if it fails to see […]

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Business

SAS strike: Airline’s ‘future at stake’ as pilots walk out

As hundreds of pilots working for SAS walk out, affecting 30,000 passengers per day, the Scandinavian airline’s boss has called the strike “reckless” – warning that it puts the company’s future at risk. Members of the pilots’ unions have been threatening to take industrial action since 9 June. Talks between management and the unions have […]

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