UK interest rates raised to 1.25% by Bank of England
The Bank increases rates for the fifth meeting in a row as it tries to stem the pace of rising prices....
Rail strikes will drive passengers away, Grant Shapps says
Losing passengers will endanger thousands of rail jobs, the transport secretary says....
Asos profits hit as shoppers return more goods
The online retailer says “inflationary pressures” are leading its customers to send back orders....
Summer food prices to rise quickly, say grocery analysts
There will be a spike in food prices this summer, the Institute of Grocery Distribution predicts....
Rail strike: Only half of train network to be open during action
Network Rail says services will also run at reduced hours on strike days next week....
Millions to get first cost-of-living payment from 14 July
More than eight million UK homes will get the first of two cost-of-living payments totalling £650....
Aviation staff shortages likely to continue, industry says
Shortages which disrupted flights recently may not be fixed by the summer, firms and unions say....
Job vacancies rise to record of 1.3 million
The number of vacancies rose again, figures show, but regular pay is failing to keep up with inflation....
Amazon to begin drone deliveries in Lockeford, California this year
The shopping giant hopes to deliver parcels to shoppers by air for the first time later in 2022....
Europe is prepping for a trade war no-one wants
In the EU, the contingencies for a trade war with the UK are being put in place...