Rolling coverage of the latest economic and financial newsFTSE 100 hits 22-month highThe FTSE 100 is close to its highest level since February 2020Travel and hospitality stocks up, after data suggests Omicron less severeGuardian business Christmas quiz…
UK workers face Christmas wage squeeze as factories keep raising prices – business live
Rolling coverage of the latest economic and financial newsNEF: UK inequality worsened since 2019 general electionTUC: UK workers facing worst Christmas wage squeeze in almost a decadeMake UK: Record number of UK factories hike pricesOne in three UK sma…
Bank of England’s Broadbent sees inflation over 5% next spring when energy cap rises – business live
Rolling coverage of the latest economic and financial news, as the UK’s growth outlook is marred by OmicronLatest: BoE deputy governor sees inflation over 5% next springIncrease in energy cap will push up cost of livingEarlier:UK building sector gather…
UK house price rises accelerate in November; markets shake off Omicron worries – business live
Rolling coverage of the latest economic and financial newsUK house prices rose 0.9% in November, says NationwidePrices 10% higher than a year agoBut Omicron variant and inflation mean outlook is uncertainMarkets rise after BioNTech reassurance over vac…
AO World slashes profit forecasts amid supply chain woes – business live
Rolling coverage of the latest economic and financial newsAO World warns of product shortages, rising price and shipping costsElectricals retailer flags poor availability of certain productsFirm made £10m pre-tax loss in first half of financial yearBai…
UK economic recovery to be slower than expected; pandemic worries weigh on euro – business live
Rolling coverage of the latest economic and financial newsIntroduction: EY cuts UK growth forecastsInflation and supply chain disruption to hit growthPound touches 21-month high against euroAll new buildings in England to have electric car charge point…
UK flights to the US resume as travel ban lifts; crypto rally lifts ether to new record – business live
Rolling coverage of the latest economic and financial newsIntroduction: US reopens its borders to UK visitors today20-month ban on arrivals is lifting, for fully-vaccinated passengersBA and Virgin Atlantic put aside rivalry for return of leisure flight…
Petrol retailers warn of record prices at UK pumps within days; inflation dips – business live
Rolling coverage of the latest economic and financial newsLatest: Petrol prices on brink of record, says PRAPensions set to rise 3.1% next year after inflation dataFacebook fined £50m by CMAIntroduction: UK inflation dipped to 3.1% in September, but st…
UK’s supply chain crisis hits business growth and consumer confidence – business live
Rolling coverage of the latest economic and financial newsBDO: Output growth across UK businesses lowest since lockdownPwC: Consumer confidence hit by inflation, energy crisis and HGV driver shortagesEnergy crisis: Treasury reprimands Kwarteng after he…
Grant Shapps wants to scrap costly PCR tests for travellers by half-term
Shift in policy in England would mean such Covid tests being replaced by cheaper lateral flow onesCoronavirus – latest updatesSee all our coronavirus coverageThe transport secretary, Grant Shapps, said he wanted to scrap costly PCR tests for internatio…