Tata Steel UK By Felicity Evans Money editor, Wales Tata Steel has announced the coke ovens at its giant plant in south Wales will close on Wednesday over concerns about their “operational stability”. The Community union called it “a massive blow” while Unite said it was the “result of years of betrayal”. About 200 workers
Business
CBS By Lipika Pelham BBC News A Boeing plane landed without one of its fuselage panels at an airport in the US state of Oregon on Friday, says United Airlines. A spokesperson said United flight 433, from San Francisco, arrived at the Rogue Valley International Airport in Medford, Oregon, at about 11:30 (18:30 GMT) on
Getty Images By Tom Espiner Business reporter, BBC News Boeing has told airlines operating 787 Dreamliners that pilots need to check their seats as an investigation into an incident on a Latam flight continues. It comes after 50 people were hurt this week when a 787 dropped suddenly during a Latam Airlines flight. The Wall
Getty Images The UK economy picked up in January, raising hopes it could be on its way out of recession. The economy grew by 0.2%, official figures show, boosted by sales in shops and online and more construction activity. The Office for National Statistics (ONS) said the services sector led the improvement. This is an
EPA By Kevin Peachey Cost of living correspondent Vinyl music sales – led by the soaring success of Taylor Swift – have been recognised by statisticians who calculate the rising cost of living. After more than 30 years, vinyl records have returned to the basket of goods used by the Office for National Statistics (ONS)
Getty Images By Faisal Islam Economics editor Rishi Sunak started the week giving a speech on a construction site in Swindon, with diggers and cranes in the background. So far, so typical for a prime minister in Budget week – all that was missing was for Mr Sunak to pop on a hard hat. The
Getty Images By Nick Edser Business reporter The Conservatives and Labour have been accused of a “conspiracy of silence” over the scale of spending cuts or tax rises by an influential think tank. Tough decisions would need to be made following the next election, the Institute for Fiscal Studies said. Chancellor Jeremy Hunt told the
Getty Images By Chris Mason & Kate Whannel BBC Politics Jeremy Hunt is expected to announce a 2p cut to National Insurance when he delivers his Budget on Wednesday. The plan – which matches a cut announced in the Autumn Statement – was first reported in The Times. Mr Hunt has been under pressure, particularly
Getty Images By Michael Race & Faarea Masud Business reporters, BBC News The cost of regulated rail fares in England will rise by up to 4.9% from Sunday. The jump is likely to be unwelcome for rail passengers, adding to the rising cost of living seen in recent years. It also comes at a time
This video can not be played To play this video you need to enable JavaScript in your browser. By Michael Race & Emma Simpson Business reporter and Business correspondent Mohsin Issa, one half of the so-called “billionaire brothers” who own Asda, says he plans to hand over the running of the UK’s third biggest supermarket.
House of Commons/UK Parliament By Tom Espiner & Lora Jones & Esyllt Carr Business reporters, BBC News The former chairman of the Post Office twice asked for boss Nick Read’s pay to be doubled, MPs heard on Wednesday. Henry Staunton was trying to prevent Mr Read from quitting the scandal-hit organisation. However, the requests were
UK Parliament By Sam Gruet Business reporter, BBC News The government has announced new measures to speed up compensation to victims of the Post Office scandal. An interim payment of £450,000 will be available to sub-postmasters who had convictions overturned, up from the current level of £163,000. Legislation aimed at clearing wrongly convicted sub-postmasters is
Getty Images Chancellor Jeremy Hunt will deliver his 2024 spring Budget on Wednesday 6 March. He will say how much money the government plans to take in taxes, and what it will spend it on. This spring there is a lot of focus on whether he will cut taxes ahead of the election. What is
Getty Images By Nick Edser Business reporter Hundreds of people wrongly convicted in the Post Office scandal are set to have their names cleared under new legislation planned by the government. The law is expected to come into effect by the end of July and will apply to convictions in England and Wales. It will
ANDY RAIN/EPA-EFE/REX/Shutterstock By Lucy Hooker Business reporter The Body Shop is set to shut up to half of its 198 stores in the UK and cut the size of its head office, leading to hundreds of job losses. Closures will begin immediately on Tuesday, the firm that is overseeing the restructuring of the beauty retailer
UK Parliament The government says it “utterly refutes” claims by the Post Office’s former chairman that he was told to delay compensation payments to victims in the Horizon scandal. Henry Staunton told the Sunday Times he was instructed to “stall” payments ahead of the election. But a government spokesman denied this and said it had
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