Business

Ministers to oversee HS2 and contractors face review as costs allowed to 'spiral out of control'

Ministers will oversee the HS2 project as the cost of delivering the high-speed train line has been allowed to "spiral out of control", the transport…

Saudi-funded LIV Golf strikes deal to tee off in India

The breakaway international golf tour funded by Saudi Arabia's vast wealth is to stage its first event in India early next year amid its continued…

Ocado Group lines up ex-Microsoft exec as next chairman

A former Microsoft executive is being lined up as the next chairman of Ocado Group, the online grocery technology provider.

Bonus payments to water company bosses rise to £9.1m amid sewage scandal

Bonuses to water company bosses rose this year to £9.1m - despite record sewage discharges and financial woes at some utilities.

Budget 2024: Minister refuses to rule out tax rises for people earning more than £100,000

A government minister has refused to rule out raising taxes for higher earners.

How the odd bet on football could cost you a mortgage

While having the odd bet on your football team to win at the weekend sounds like a bit of harmless fun, it could actually scupper your chances of getting…

Budget 2024: 'Difficult choices' ahead, warns health secretary - as he refuses to rule out income tax…

The health secretary has warned of "difficult and big choices" coming in the budget, as he refused to rule out that the chancellor will freeze tax…

Doubts grow over Reaction Engines rescue deal with UAE fund

The prospects of a rescue deal being struck for a British hypersonic aviation pioneer appeared to recede this weekend when it emerged that talks with…

IMF boss warns higher prices are 'here to stay' amid weak growth and rising debt

Global economies face a period of lacklustre growth and pressure from rising debt piles, the head of the International Monetary Fund (IMF) has warned.

Whitehall to deliver plan to mutualise crisis-hit Post Office

Ministers are exploring plans to hand ownership of the Post Office to thousands of sub-postmasters across Britain in an historic shake-up at the 364…

Labour could freeze income tax thresholds in budget - move they branded 'stealth tax' under Sunak

Extending a freeze on income tax thresholds in the budget would not break Labour's election manifesto, government sources have suggested.

Settlement with former chief Danker 'cost CBI £500,000'

Tony Danker, the former director-general of the CBI, is to receive in the region of £500,000 from the business lobbying group in a settlement…

BrewDog founder says entrepreneurs will abandon UK if capital gains tax increases

The founder of BrewDog has claimed that entrepreneurs will abandon Britain if capital gains tax is increased.

Fund manager Baillie Gifford issues 'return-to-office' edict

Baillie Gifford, the Edinburgh-based fund manager, has told staff to return to full-time office working, the latest in a string of employers to cool…

Very Group tabled offer for Simply Be-owner ahead of family buyout

The home shopping group behind fashion brands such as Simply Be and Jacamo, received a takeover proposal from Very Group shortly before it agreed to…