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UK faces ‘bleak winter’ as food prices soar; China’s slowdown deepens – business live

Rolling coverage of the latest economic and financial news, as UK fresh food prices climb at record pace

UK food price inflation hits new high of 12.4%


With food prices rising so.. - source: The Guardian - 30.11.2022


UK food price inflation hits new high of 12.4%

Rise in cost of essentials will hit poorer households, already struggling with higher energy bills, hardest

UK food price inflation hit a new high of 12.4% in November as the price of.. - source: The Guardian - 30.11.2022


Thurrock council admits disastrous investments caused £500m deficit

Tory-led Essex authority is on brink of bankruptcy and has appealed to government for emergency bailout

A Tory-led council has admitted a series of disastrous investments in risky.. - source: The Guardian - 29.11.2022


UK mortgage approvals for October fall 10% after mini-budget

Homebuyers face higher interest costs, as lending figures slump to lowest monthly total since June 2020

The chaos in the mortgage market that followed Kwasi Kwarteng’s now infamous.. - source: The Guardian - 29.11.2022


China’s Covid policies hit carmaking, as push to vaccinate elderly faster announced – business live

Rolling coverage of the latest economic and financial news

UK retailers launch discounting blitz after month of falling sales

China has announced it would bolster vaccination among its.. - source: The Guardian - 29.11.2022


Covid’s still a big issue for China – and that’s trouble for global economy

The economic outlook for China is not good, however its leaders respond to anti-lockdown protests

For much of the world there has been hope for some time that the worst economic shocks from.. - source: The Guardian - 28.11.2022


Dowden paid £8,398 fee by firm of Kwarteng mini-budget party host

Payment for ‘policy advice’ came from company of hedge fund manager who organised September champagne reception

UK politics live – latest news updates

The cabinet minister Oliver.. - source: The Guardian - 28.11.2022


Rail chaos puts UK on track for some serious economic damage

Good connectivity is the lifeblood of a modern, thriving economy – so how much is the ongoing disruption costing UK plc?

Crunched up, sat on a suitcase by the door of an overflowing.. - source: The Guardian - 27.11.2022


High-rise mortgage costs see surge in rents across the UK

House prices may be falling as interest rates climb, but there’s no respite for tenants as property shortages bite

It’s a tale of two markets: while private rents have soared to record.. - source: The Guardian - 27.11.2022


Brexit blow: exports to Japan slump after ‘landmark’ free trade deal

First such accord after leaving EU was predicted to bring £15bn boost but UK now lags rivals

The first major free trade agreement signed by Britain after Brexit has been branded a failure.. - source: The Guardian - 26.11.2022


Conflict of interest: have low cash rates created the ‘everything bubble’?

In new book The Price of Time, economist Edward Chancellor explores the role central banks have played in the snowballing challenges of the past quarter century

Twenty years ago, a youngish.. - source: The Guardian - 26.11.2022


The parent trap: mothers’ struggles to stay in the workforce

Three women tell how low pay and the high cost of childcare make it difficult or impossible to have a job

In his autumn statement, chancellor Jeremy Hunt promised to address the labour.. - source: The Guardian - 26.11.2022


Shares in UK’s top housebuilders fall as housing market cools

Large estate agent chain’s profits also hit as interest rate rises and cost of living crisis put off potential buyers

Shares in some of the UK’s largest housebuilders and one of the.. - source: The Guardian - 25.11.2022


Retailers face ‘Bleak Friday’ as cost of living crisis hit spending – business live

Retail experts predict a more muted Black Friday this year, as consumers cut back and Royal Mail strike disrupts deliveries

Strike action: who is walking out, and when

Over half of Britons.. - source: The Guardian - 25.11.2022


Interest rate cut possible if economy demands, says Bank policymaker

Deputy governor Dave Ramsden makes comments as CBI snapshot predicts tough winter for UK factories

Interest rates may need to start falling again if cost of living pressures abate more.. - source: The Guardian - 24.11.2022


Scrapping EU laws would threaten economic growth, warn business leaders

IoD and unions among groups writing to government, saying move would cause business chaos, harm rights and threaten environment

Today’s business news – live updates

A coalition of.. - source: The Guardian - 24.11.2022


Annual UK energy bills would have hit £4,279 without emergency support, Ofgem says

Regulator raises cap for start of 2023 by £730 but government limits typical bill to £3,000 from April

The energy regulator Ofgem has said its price cap will reach £4,279 from January.. - source: The Guardian - 24.11.2022


UK single parents skipping meals due to food price inflation, Which? finds

Consumer body says one in three lone parents forced to miss meals or visit food banks to make ends meet

Close to a third of single parents have resorted to skipping meals to make ends meet.. - source: The Guardian - 24.11.2022


Are public services beyond breaking point? – Politics Weekly UK

The Guardian’s John Harris is in the West Midlands to talk to teachers, librarians and the local council about how more than a decade’s worth of real terms cuts is taking its toll on.. - source: The Guardian - 24.11.2022


New Zealand, particularly vulnerable to a housing crash, tightens its belt as rates soar

New Zealand’s reserve bank delivered its largest rate hike in history on Wednesday, piling pressure on the country’s homeowners

Rosie Smyth and Richard Larsen, along with their toddler.. - source: The Guardian - 24.11.2022


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