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Plus, the UK approves drilling at a contentious North Sea gas field
Britain borrowed more than forecast in the first six months of the fiscal year, highlighting the constraints facing Chancellor of the Exchequer John Healey ahead of his inaugural budget next week.
The first named storm of this autumn is set to lash the UK and northwest Europe with heavy rain and wind in the coming days, potentially bringing some relief to elevated power prices.
Plus, the Chancellor rules out increasing capital gains tax in the budget
UK water customers should see a drop in their bills next year as the industry regulator continues to crack down on utilities that miss performance targets.
Waleed Al Muhairi, group deputy chief executive officer at Mubadala Investment Co., downplayed concerns that the historic ruling against Manchester City Football Club would deter investments into the UK.
Whitbread Plc’s Chief Executive Office Dominic Paul scrapped plans for some new UK hotel sites after higher business rates made them too costly to pursue.
Polish debt collector Kruk SA is working to accelerate expansion into the US and UK as it looks for a new engine of growth beyond continental Europe.
The UK economy has outpaced its major European peers in the two years since Labour came to power. That’s not helping the 1.8 million people looking for work.
British Airways will introduce what it called the world’s biggest business class on its upgraded double-decker Airbus SE A380 jets, targeting premium passengers as airlines rush to cash in on upscale travel.