Experts say £10,900 a year needed to retire

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A single person will need post-tax annual income of £10,900 for a minimum standard of living in retirement, academics have estimated. That spending budget increases to £16,700 for a couple, the calculations...

UK government will only support firms on brink of closure

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Heavy industry struggling with surging energy costs will only get support if they can prove they have been pushed to the brink of closure, Whitehall sources have said, as industry leaders...

Made in Britain: Website design company, Gift of the Gab

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Hannah Jones talks to us about her website design agency, Gift of the Gab, and how she got the business to where it is today. Tell us a bit about your business? Gift...

UK car industry says Brexit rules are denting competitiveness

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Cars remain the UK’s No 1 export but volatile energy prices and the cost of complying with EU regulations post-Brexit are blunting the industry’s competitive advantage, the sector’s trade body has...

Rishi Sunak to balance budget by 2025, says Institute for Fiscal Studies

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The chancellor is on course to meet his target of balancing the budget by the middle of the decade, much earlier than had been hoped, according to the Institute for Fiscal...

Containers pile up at Felixstowe

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Britain’s biggest shipping container port is so congested that its management is considering turning vessels away. The Port of Felixstowe is struggling to cope with the volume of cargo and has become...

Philip Hammond joins cryptocurrency broker as consultant in additional post-Treasury job role

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The former chancellor Philip Hammond has added another job to the dozen or so he has taken on since leaving the Treasury in 2019, this time as an adviser to a...

The problem with emails and what their future looks like

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Since the World Wide Web was first launched for widespread use in the early 1990s, electronic mail – or email – has become a vital communications tool for businesses and people...

Night-time cultural sector hit with 86,000 job losses due to Covid-19

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Research has estimated that 393,000 jobs have been lost across the night-time economy due to Covid-19, including 86,000 in the “night-time cultural economy” (NTCE), which includes nightclubs and theatres. The research, commissioned...

Interest rate rise ‘likely by end of year’

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A Bank of England policymaker has given the clearest signal yet that interest rates may rise before the end of the year amid rising concern over inflation. Michael Saunders, an external member...