Category: Business

Colletta Smith Cost of living correspondent Chiara Del Vescovo Chiara Del Vescovo with her daughter Summer holiday clubs to cover Britain’s six-week school break now cost parents an average of £1,076 per child, new figures suggest. The price varies by region with some areas seeing hikes of up to 13% on last year, according to research by children’s charity Coram. High demand […]

Clodagh Rice and Eamonn McGurk BBC News NI BBC Neil Gamble, from the Henderson Group, says “food price inflation remains stubbornly high” There will be “no respite for the consumer” in Northern Ireland as a grocery business warns food prices will remain stubbornly high this year. It comes as official figures show food and drink prices rose by 4.5% in the 12 […]

BBC Prices in the UK rose by 3.6% in the 12 months to June, driven by increases in the cost of food and fuel. It means inflation remains above the Bank of England’s 2% target. The Bank moves interest rates up and down to try to keep inflation at that level, and has cut interest rates four times since August 2024. What […]

Kevin Peachey Cost of living correspondent BBC The Bank of England is widely expected to cut interest rates on 7 August. It held rates at 4.25% at the last meeting in June, following two cuts earlier in the year. Interest rates affect mortgage, credit card and savings rates for millions of people. What are interest rates and why do they change? An […]

By&nbspEuronews Business&nbspwith&nbspAP Published on 16/07/2025 – 10:54 GMT+2 ADVERTISEMENT Senate Republicans on Tuesday advanced President Donald Trump’s request to cancel some $9 billion in previously approved spending, overcoming concerns from some lawmakers about what the rescissions could mean for impoverished people around the globe and for public radio and television stations in their home states. The Senate vote was 50-50, with Vice […]

ADVERTISEMENT The US is pitching the creation of a new advisory body for the Digital Markets Act (DMA) involving those companies subject to enforcement of the regulation a voice, in the context of negotiations over an EU-US trade deal, according to three sources familiar with the matter.  The EU will never accept the idea however according to two of the sources. On Saturday, […]

By&nbspRushana Aliakbarova Published on 15/07/2025 – 14:57 GMT+2 ADVERTISEMENT Officially registered in Baku, Green Corridor Union LLC will coordinate efforts to export surplus renewable electricity from Central Asia to Europe via high-voltage transmission infrastructure. More than a strategic partnership, this initiative signals a geopolitical and economic shift toward interregional cooperation, sustainability, and energy diversification — themes high on the agenda for European […]

ADVERTISEMENT Consumer prices rose 2.7% in June from a year earlier, the US Labor Department said on Tuesday, up from an annual increase of 2.4% in May. On a monthly basis, prices climbed 0.3% from May to June, after rising just 0.1% the previous month. Worsening inflation poses a political challenge for President Donald Trump, who promised during last year’s presidential campaign […]

Tarah Welsh Housing reporter BBC Leasehold campaigners say they don’t feel represented in the legal challenge A group of landowners is beginning a judicial review in the High Court to challenge the government’s attempts to reform the freehold and leasehold system of property ownership. Some of the country’s wealthy landowners and two charities who own the freehold leases of thousands of properties […]

Chris Baraniuk Technology Reporter Chris Baraniuk Octopus makes heat pumps at its factory in Northern Ireland On the day I visit Octopus Energy’s heat pump factory in Craigavon, Northern Ireland, temperatures in London reached 29C. Some of the staff meeting me, who are usually based in the south of England, are beaming. It’s wonderful to escape the heat, they say. And who […]

Lucy Vallance and Sarah Bell BBC Panorama BBC Julie Gallagher sold her house through Connells’ Abingdon office, where Panorama went undercover “She’s probably done me out of quite a bit of money – I feel angry and conned.” Julie Gallagher believes her home was sold at a lower price than it could have gone for. There was a buyer who might have […]

David Deans & Teleri Glyn-Jones Political reporter, BBC Wales News Sam Robinson/BBC Tata says the arc furnace will be open by the end of 2027 Greener steel production in Port Talbot will be up and running by the end of 2027, a senior Tata official has said. On Monday the India-based firm officially marked the start of work to build its new […]

Getty Images US President Donald Trump said on Monday that he was “very unhappy” with Russia US President Donald Trump has announced the US will send “top-of-the-line weapons” to Ukraine via Nato countries, while also threatening Russia with severe tariffs if a deal to end the war is not reached within 50 days. “We want to make sure Ukraine can do what […]

Lucy Hooker Business reporter Getty Images The Post Office could be turned into an employee-owned business, the government has suggested, as it launched a public consultation over the future of the service. The business, which operates counters or shops in more than 11,500 locations around the country, is fully state-owned and subsidised by the tax payer. Plans for mutualisation have been under […]

Jennifer Meierhans, Mitchell Labiak and Lucy Hooker BBC News Laura Strang Laura Strang and Sam Gledhill book their getaways at the last minute The cost of all-inclusive package holidays to some of the most popular destinations has soared, prompting people to get creative to save money. BBC News has been speaking to people who have used money-saving hacks to slash the price […]

Simon Jack, Business editor, and Huw Thomas, Business correspondent for BBC Wales BBC Ryan Davies worked at the Port Talbot steelworks for 33 years and from his very first day, he heard rumours that the plant was on the verge of closing. Whispers would spread among his colleagues about new ownership and redundancies. Usually, they weren’t true. “You took it with a […]

EPA Two very different reports have reignited UK economic gloom over the past four days. Friday’s economic figures showed a further monthly dip in UK growth, or GDP, in May. Earlier this week the official forecaster, the Office for Budget Responsibility (OBR), said Britain faced “daunting” risks, including the possibility that levels of government debt could soar to three times the size […]

BBC The owner of a multi-million pound penthouse on Park Lane, central London, has been in an eight-year legal battle with companies owned by the late Mohamed Al Fayed and his family, the BBC has found. The dispute began as a wrangle over a legal agreement relating to the installation of a new lift more than 20 years ago. Since then, it […]

ADVERTISEMENT Love might be priceless, but dating certainly isn’t. As the cost of living continues to rise, singles are finding that romance comes with a higher price tag than ever before. And it’s not just first dates. Couples in long-term relationships are also tightening their belts when it comes to nights out and shared experiences.  The cost of a date varies widely […]

Osmond Chia Business reporter, BBC News Getty Images President Trump has extended the deadline for tariff negotiations – again “Deeply regrettable” is how Japanese Prime Minister Shigeru Ishiba has described US President Donald Trump’s latest tariff threat – a 25% levy on Japanese goods. Tokyo, a long-time US ally, has been trying hard to avoid exactly this. It has been seeking concessions […]

Chris Baraniuk Technology Reporter IXI “People don’t want to look like cyborgs,” says Niko Eiden They look like an ordinary pair of glasses – but these are tech-packed specs. On a Zoom call, Niko Eiden, chief executive and co-founder of Finnish eyewear firm IXI, holds up the frames with lenses containing liquid crystals, meaning their vision-correcting properties can change on the fly. […]