Business News
Interest rates could fall more quickly, hints Bank
The Bank of England could cut interest rates more quickly if price rises remain under control, its governor has suggested.Andrew Bailey told the Guardian, external that the Bank could be
TGI Fridays: 4,500 jobs at risk as restaurant chain owners enter administration
The owner of the UK arm of the restaurant chain TGI Fridays (TGIF) has gone into administration, putting 4,500 jobs and 87 outlets at risk.Hostmore, which runs the UK franchise
Economy needs `£1trn investment over 10 years to achieve 3% growth rate’
The UK economy would need investment of £1trn over a decade for an annual growth rate of 3% to be achieved, according to a business lobby group.The Capital Markets Industry
Second class letter deliveries may be cut to three days per week
Royal Mail may be obligated to only deliver second class letters three days per week in future, under plans being considered by the industry regulator.Ofcom, which launched a consultation on
New car sales fall in UK as Europe’s manufacturers feel strain from weak demand
Sales of new cars in the UK fell last month, according to industry data highlighting the stubborn difficulties manufacturers and showrooms across Europe are facing.The Society of Motor Manufacturers and
Shop prices fall for first time in nearly three years but may rise again – BRC
Shop prices fall for first time in nearly three years but may rise again – BRCShop prices have come down for the first time in nearly two years, according to
Mortgage market `robust’ ahead of Bank of England interest-rate decision
The number of mortgage approvals in the UK was “broadly stable” last month, the Bank of England has said.There were 59,976 net approvals in June, down slightly from 60,134 in
Fuel prices remain a rip-off,competition watchdog declares
Competition among fuel retailers is “failing consumers” because drivers are still paying too much to fill up, according to regulators.In an update on its monitoring of the fuel market, the
Millions of people not working is `unacceptable’ says Labour
Rising levels of worklessness are “unacceptable” and require “immediate action”, the new Labour government’s jobs minister has said.Liz Kendall is proposing several measures including a new national jobs and careers
Water bills to rise by average 21% over next five years, regulator rules
Water companies in England and Wales have been told they will not be allowed to impose the hikes to bills they have demanded, the industry regulator has said in an
