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Sunak unveils £15bn package and U-turns on windfall tax to help Britons 'hit hard' by cost of living surge
Chancellor Rishi Sunak has announced a £15bn package of cost of living support including a £400 discount on energy bills for all and a £650 one-off payment to the poorest eight million households.
Cost of living: Chancellor's aid will help you and make things worse at the same time
Let's begin with perhaps the most important question: will this make a difference?
Windfall tax 'damaging' for net zero plans and energy security, businesses say
The windfall tax announced by the chancellor will be "damaging" for the UK's net zero plans and energy security, the Confederation of British Industry (CBI) has said while BP has signalled the measure is more harsh than it expected.
Cost of living: Why Rishi Sunak's populist windfall tax is facing a backlash
The chancellor may claim that a 'temporary Energy Profits Levy' is not a windfall tax but, as the popular saying goes, if it looks like a duck, quacks like a duck and waddles like a duck, then it probably is a duck.
French billionaire's stake in BT to be reviewed over national security concerns
The government will examine French billionaire Patrick Drahi’s 18% stake in BT over national security concerns, the business secretary has said.
World Economic Forum: Davos distracted by war in Europe and growing global division
It is not easy to disturb the tranquillity of Davos, but Vladimir Putin has managed it.
Manchester United losses deepen and debt grows after 'disappointing' season'
Manchester United reported widening losses and a growing debt pile for the third quarter of its financial year, just days after the conclusion of a Premier League season in which the club failed to qualify for the Champions League.
Family-owned fragrances retailer Bodycare plots sale
A family-owned fragrances retailer founded on a Lancashire market stall more than half a century ago has appointed advisers to explore a sale.
Ian King Business Podcast: Auto Trader profits, tech funding and a whisky revival
On today's episode, chief executive of Auto Trader Nathan Coe discusses what effect offering free advertising during the coronavirus pandemic has had on profits.
Ukraine war: World Bank warns of global recession due to conflict
The president of the World Bank has warned that the war in Ukraine could spark a global recession.