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Bank of England holds interest rate at 4.75% but warns of UK stagnation risk
The Bank of England has kept UK interest rates on hold but warned Britain’s economy is on the brink of stagnation after Rachel Reeves’s budget as the world economy faces stubbornly high inflation and the risk of Donald Trump reigniting global trade wars.
Keeping interest rates at 4.75% in a …
UK data regulator criticises Google for ‘irresponsible’ ad tracking change
Britain’s data protection regulator has labelled Google as “irresponsible” for allowing advertisers to track customers’ digital “fingerprints”, amid fears even privacy-conscious users will find the online monitoring technique difficult to block.
The UK Information Commissioner’s Office (ICO) has warned the practice will undermine consumers’ control and choice over how their …
Taps dry in 58,000 Hampshire homes due to Southern Water fault
Tens of thousands of homes in Hampshire are without water because of a technical fault at a Southern Water supply works.
About 58,000 homes in Southampton, Romsey, Eastleigh, Totton, and parts of the New Forest have outages after a problem at the Testwood water supply works prevented water from leaving …
Watchdog gives lenders a year to respond to UK car finance complaints
The City regulator has given lenders a year to respond to the rising number of customer complaints over the way they were sold car loans, after a high court ruling left firms fearing a
potential £30bn compensation bill
.The Financial Conduct Authority said firms had until at …
Navantia to buy Titanic builder Harland & Wolff, saving about 1,000 jobs
A Spanish state-owned shipbuilder will buy Belfast-based Harland & Wolff in a deal that will secure all four of its shipyards and save about 1,000 jobs.
Navantia is to acquire H&W’s Belfast shipyard where the Titanic was built, as well as the Arnish and Methil yards in Scotland, and the …
Thames Water to pay £18m penalty after breaking dividend rules
Thames Water will have to pay an £18.2m penalty after the water industry regulator confirmed the troubled utilities company had breached dividend rules.
on Wednesday that Thames would be penalised over two dividend payments, made in 2023 and 2024, and that it would allow …Body Shop is back for good … and back in profit, new boss tells staff
The new boss of the Body Shop has told staff the struggling ethical beauty retailer is “back for good” after it booked a profit in its first 100 days under new ownership.
in September by a consortium led by the …Thursday briefing: How Labour’s so-called ‘surrender squad’ plans to regrow EU relations
Will Japan’s close ties with US survive the caprice and quirks of Donald Trump?
Arguably, no country in Asia has better reason to be in a state of anxiety over the return of Donald Trump to the White House than Japan, since the US has been the linchpin of Japanese foreign and security policy since the second world war.
Back in 2017, well before …
Clouds on horizon as EU members meet to discuss relationship with UK
Nearly five years after the Brexit divorce, the EU is thinking again about its estranged ex-member across the Channel. The union’s 27 leaders will discuss its relationship with the UK on Thursday, for the first time since the election of Keir Starmer, who wants to reset relations and end the …