Business and Economics
Business and Economics News
Royal Mail announces huge profits…then signals price hikes as it cuts costs to cope with inflation
"Royal Mail record an operating profit of £758 million & immediately announce plans to hike their prices. Do you see how it works?"
Traders have shorted the pound to the tune of £5 billion – here’s why
“It’s just a reflection of the building pessimism amongst investors over the outlook for the UK economy."
McDonald’s to leave Russia as Greenpeace blocks tanker carrying Putin’s diesel to UK
"Putin invaded Ukraine nearly three months ago, and yet fossil fuel money from the UK is still funding his war chest," said Greenpeace.
‘Sometimes, reality bites’: Brexit has worsened the cost of living crisis
Stagflation reflects the "realities that Brexit has wrought", economist Adam Posen said.
What cost of living crisis? Huge pay packet of Tesco boss revealed
It comes as food prices for customers continue to rise amid a host of intensifying pressures on household budgets.
‘Historic’: Union hails recognition deal with food delivery giant Deliveroo
“This is a sign of things to come. Unions are starting to win the fight against insecure work and won’t rest until platform companies across the gig economy agree to work with their staff on improving pay and conditions."
Good time for a trade war? UK economy shrank by 0.1% in March as recovery slows
Threats to rip up parts of the Northern Ireland Protocol could result in trade tariffs being imposed by the EU - escalating the cost of living crisis.
Rich get richer? Pay surge in City fuels new rise in earnings inequality
It comes after a Minister told Brits to buy value brands to cope with the cost-of-living crisis.
‘Unacceptable:’ Energy firms shoring up finances at expense of consumers
Martin Lewis warned MPs in March about “worrying issues” over energy companies increasing customers’ direct debits disproportionately.