Business and Economics

Small firms are facing a "ticking time bomb" without further support, industry chiefs warned.

According to reports, one unpaid supplier had to ask his wife and mum to sell their jewellery to pay wages.

Sir Howard Davies said he is "quite pessimistic" about what the future has in store for the UK.

Starmer urged Mr Johnson to make an “inevitable U-turn” on imposing a windfall tax on oil and gas producers.

"Royal Mail record an operating profit of £758 million & immediately announce plans to hike their prices. Do you see how it works?"

“It’s just a reflection of the building pessimism amongst investors over the outlook for the UK economy."

"Putin invaded Ukraine nearly three months ago, and yet fossil fuel money from the UK is still funding his war chest," said Greenpeace.

Stagflation reflects the "realities that Brexit has wrought", economist Adam Posen said.

It comes as food prices for customers continue to rise amid a host of intensifying pressures on household budgets.