Michael Race

UK inflation rose sharply in January after airfares failed to fall as quickly as expected and private school fees jumped. The unexpected rise to 3% in the year to January, from 2.5% in December, means that consumer prices rose at […]

Average wages are continuing to outpace inflation with pay packets rising for both the public and private sector workers, official figures show. Pay, after taking into account the pace of price rises, rose 3.4% between October and December compared with

Michael Race Business reporter, BBC News Getty Images The UK economy unexpectedly grew in the final three months of last year following a boost to the construction and services sectors. The economy expanded by 0.1% between October and December, according

Michael Race Business reporter, BBC News Getty Images Concerns are growing the UK could be more exposed to US trade taxes after President Donald Trump announced he would target VAT in his latest move. Trump has instructed his staff to

Honda and Nissan are reportedly holding exploratory talks about a potential merger to help them compete against electric vehicle (EV) makers, particularly in China. In March, the two Japanese car makers agreed to explore a strategic partnership for EVs. Both

Strike action by Avanti West Coast train managers is back on after an offer aimed at resolving a dispute over rest day working was rejected. Members of the RMT union will now walk out on New Year’s Eve and 2

PA Media The UK does not have enough construction workers to build the 1.5 million homes the government keeps promising, industry leaders have warned. Tens of thousands of new recruits across bricklaying, groundworks and carpentry are needed to get anywhere

Jaguar A still from Jaguar’s new advert which was shared on social media. Jaguar has urged people to “trust and reserve judgement” over the rebrand of the carmaker. The company, embarking on the biggest change in its 102-year old history,

BBC Anthony Pender runs two pubs and a restaurant in London The Budget is “catastrophic” for the pub industry and will see the price of a pint rise by as much as 40p, a pub boss has warned. A combination

Getty Images Businesses have warned tax hikes announced in the Budget offer nothing but “pain” and will leave employers with less cash to give pay rises and create new jobs. Chancellor Rachel Reeves has decided firms will bear the brunt