Business News

UK borrowing soars in August as Covid costs mount

Public borrowing hit £35.9bn last month as the pandemic forces the government to borrow more money.

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Covid: Uncertainty as industries miss out on job support

The chancellor's new wage top-up scheme to replace furlough is aimed at protecting "viable" roles.

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Shoppers could pay more after no-deal Brexit

Tariffs could add £3bn to the cost of importing food and drink from the EU, a leading retail body warns.

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Shoppers warned to buy early for Christmas or miss out

With three months to go before the big day, online retailers stress shoppers need to buy early this year.

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Coronavirus: Working from home 'costs central London £2.3bn'

More than £500m per month was lost to businesses who rely on office workers, research suggests.

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Job Support Scheme will make 'zero difference' to restaurants

A restaurant boss says the chancellor's new jobs scheme will do nothing to protect his staff.

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Rishi Sunak's post-furlough plan: At-a-glance

The chancellor sets out plans to protect jobs over the winter. Here's what you need to know.

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Chancellor Rishi Sunak on Job Support Scheme and helping UK workers

The chancellor says it is "impossible" to predict the jobs market due to the coronavirus pandemic.

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Coronavirus: What help are self-employed getting from government?

What is being done for the five million self-employed people in the UK facing a sudden loss of income?

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Rishi Sunak: VAT cut to be extended for hospitality sector

The chancellor has announced that a VAT cut to 5% across hospitality and tourism will be extended.

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Job Support Scheme: How is furlough changing?

The government has announced a job support scheme for when furlough ends.

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Cardinal Becciu: Vatican official forced out in rare resignation

Cardinal Becciu has left his post and given up his rights as cardinal, the Holy See has confirmed.

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Sunak defends emergency jobs scheme

Wages will be topped up for six months, but chancellor says it is "impossible" to say how many jobs will be saved.

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Harley-Davidson to exit world's biggest bike market

The iconic motorcycle company is pulling out of India as it struggles to sell its two-wheelers.

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Ford Bridgend closure: 'Journey into the unknown'

Bridgend contemplates its future as the car maker ends production after 40 years.

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Covid: Morrisons limits sales of disinfectant and toilet rolls

The supermarket chain restricts sales of some ranges, including toilet rolls and disinfectants.

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Fraudsters 'caught me in a spider's web'

Banks warn that fraudsters are gathering personal details by exploiting the coronavirus crisis.

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Cineworld swings to huge loss after virus closures

The cinema chain warns it may need to raise more money in the event of further coronavirus restrictions.

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China’s new richest person is a bottled water tycoon

Zhong Shanshan’s net worth reached $58.7bn thanks to his water and vaccine firms.

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