US retail chain Target has slashed its expectations for the year after a sharp fall in sales which it blamed on a “highly challenging environment” amid the introduction of trade tariffs. Its sales slumped by 5.7% in the three months […]
Target sales hit as Trump tariffs take effect Read More »
Thames Water has decided to “pause” its scheme to pay out big bonuses to senior executives linked with securing its £3bn rescue loan. The decision comes after Downing Street said bosses at the troubled firm “rewarding themselves for failure is
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Michael Race Business reporter, BBC News Getty Images The US and China have agreed a truce to lower import taxes on goods being traded between the two countries. The agreement marks a major de-escalation of the trade war between the
US-China tariff deal: What does it mean? Read More »
The price of gold has hit the $3,000 per ounce mark for the first time as demand for the precious metal surges amid economic uncertainty over the impact of a global trade war. Spot gold touched a record $3,004.86 per
Gold price hits $3,000 mark for first time Read More »
Michael Race Business reporter, BBC News Watch: What is a tariff? The BBC’s Adam Fleming explains US President Donald Trump has imposed a range of tariffs – or import taxes – on billions of dollars worth of goods coming into
Six things that could get more expensive for Americans under Trump tariffs Read More »
Michael Race Business reporter, BBC News Getty Images The chancellor will give an update on her plans for the UK economy when she gives a statement alongside an economic forecast on 26 March. Rachel Reeves has previously ruled out further
What will be in chancellor Rachel Reeves plan? Read More »
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
Inflation soars on airfares and private school fees Read More »
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
UK wages continue to outpace inflation, figures show Read More »
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
UK economy unexpectedly grew in final months of 2024 Read More »
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
Trump tariff VAT threat raises prospects of hit to UK Read More »
