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4m Price of filling typical family car with petrol hits £100
2h Zelensky: Fate of Donbas being decided in battle for Severodonetsk
2h Driver who crashed into crowds in Berlin ‘may have been mentally ill’
43m Transfer news LIVE: Tottenham identify Bastoni alternative
1h FTSE 100 Live: Brent crude at post-invasion peak, ECB rates in focus
3h Harry’s libel claim against publisher over Home Office case in court
Economy
<p>Sterling initially fell 0.7% to $1.243 and is now down from $1.42 a year ago (Dominic Lipinski/PA)</p>
Business News

Pound wobbles amid concerns for economy after Tory leadership vote

The City is braced for a tough summer as it weighs up Britain’s prospects

<p> (Alberto Pezzali/PA)</p>
Business News

Investors facing fallout from political chaos

The financial markets gave their own vote of no confidence in Boris Johnson this morning

Business News

Airports poised to limit summer bookings after flight choas

Heathrow says there is a natural limit that airlines can safely accommodate during check-in

Business News

Consumers face sharpest food price rises in a decade

British Retail Consortium states costs are ‘likely to get worse before it gets better’

Business News

Alarm as mortgage borrowing dives and credit card debt soars

Figures point to delay in house purchasing and increase in debt for essential items

Business News

Supply chain inflation and Covid level profits at De La Rue

The bank note manufacturer has instigated a £57 million pensions write down

Business News

SSE reports increased profits

Energy company made £1.5 billion this year amid calls for a windfall tax

Business News

Jubilee family fry up in danger from global food emergency

British staple has risen by 40p for the average family breakfast in just a year

Business

Consumer confidence crashes to record low

GfK consumer confidence index paints gloomy picture of public economic mood, despite surprise rise in retail sales

Business

UK starts new post-Brexit trade talks with Switzerland

The UK wants tariff-free trade - now less than half the £35 billion in bilateral trade with Switzerland - to cover its ‘superpower’ services sector.

Business

‘Desperate’ banks drive City hiring boom as job ads hit two year high

London finance job ads jump 73% as senior bankers see average pay rises of 22%

Business

Record increase in factory costs fuels stagflation fears

Raw material costs for manufacturers jumped by 19.2% in March, the biggest leap since records began, stoking fears that inflation could climb higher than expected

Business

Fourth rate rise in a row looms at Bank of England

City economists think the Monetary Policy Committee will hike the UK’s interest rate to 1% at its next meeting on May 5

Business

Stalling UK growth sparks recession fears and call for more support

GDP grew by just 0.1% in February, down from 0.8% in January and below City forecasts

Business

Government steps in to keep factories running as energy bills soar

Extra payments will be administered quarterly through business compensation scheme

Business

BT and Tesco raise pay as recruiter sees 20% wage inflation

Financial and tech candidates hot property as shortage of talent continues

Business

UK growth forecast slashed as recession risk rises

Report is echoed by investment bank Deutsche that insists risk of recession’ remains on the rise

Business

How bad could China’s Covid-19 outbreak be for the global economy?

Stock markets in China and Hong Kong have been hit by sell-offs as concerns about new lockdowns intensify

Business

HSBC to shut another 69 branches

HSBC’s Jackie Uhi said: ‘The way people bank is changing - something the pandemic has accelerated.’

Business

ECB says it will ‘take whatever action needed’ as war in Ukraine wages

Bank of England still expected to put rates up again next week

Business

What is SWIFT and why is there a push to eject Russia?

‘It would have a massive economic impact on Russia but it also would have a massive international impact. It’s not something you could do a snap decision on’

Business

Blow for Boris as Bank of England slashes UK growth forecast

The Bank of England now expects GDP to grow by 3.75% this year, not 5%, putting at risk the Prime Minister’s claim that the UK is the fastest growing G7 economy

Business

Ofgem to announce 50% energy price cap jump

The new price cap will be announced on Thursday and the tariff will come into force from April

Business

KPMG partner pay jumps 20% to £688,000 in ‘hottest deal market ever’

KPMG’s 14,700 UK staff will also share a “market leading” £100 million bonus pool as professional service firms enjoy a strong rebound from the pandemic

Business

Addison Lee sweetens sign-up offer in push to attract new drivers

Improving the already generous offer underlines just how tight the current jobs market is