Business and Economics
Business and Economics News
Privatisation of England’s water was an ‘organised rip-off’
A Treasury official working on the water privatisation project said the scheme failed to secure value for both taxpayers and water consumers.
Inflation hits double figures and reaches new 40-year high
Meanwhile, Boris Johnson's spokesperson has said there will be no further government intervention before the Tory leadership race ends
Unite secure thousands of BA staff a pay rise of 13% on average
It comes as UK workers suffer a record-breaking pay slump
Soaring energy prices force UK company to relocate to the Netherlands
"We're looking at 900 redundancies plus."
Britain is becoming an ‘emerging market country’
“What Brexit has not done by itself, Brexit coupled with Covid and high inflation have succeeded in doing. The UK economy is crushed.”
Shares in Hong Kong tech company rise by 32,000% and nobody knows why
At one point the company of around 50 people became more valuable than Alibaba on the stock market.
Brace for financial crisis-style recession as Bank of England signs off biggest rate hike in nearly 30 years
Decision makers hiked the Bank’s base interest rate in the biggest single rise since 1995, as they tried to control the runaway inflation.
Number of days UK CEO works to earn frontline workers’ salary is shocking
CEO pay has bounced back post-covid but the pay for frontline staff who kept businesses operating during the pandemic have seen their pay flounder.
HSBC rebuffs break-up calls and pledges to boost dividends as profit surprise propels FTSE 100 higher
Investors piled into London-listed banks after HSBC this morning said profits hit $9.2bn (£7.5bn) for the six months to June.