Business News

The UK's energy price cap is expected to rise in October to around £2,800, Ofgem's chief executive says.

Energy bills continue to rise for millions of people across the country - with more pain set to come later this year.

Dutch airline KLM is being hauled up in court over accusations its "misleading" advertising amounts to greenwashing, in what is believed to be the world's first such case for the aviation industry.

British Airways' (BA) parent company is facing a shareholder pay revolt amid criticism of proposals for an "excessive" hike in executives' share awards despite racking up enormous losses during the pandemic.

The Bank of England has told banks to take climate action immediately or face a hit to annual profits of up to 15%.

UK private sector growth is the weakest it has been since last year's winter lockdown, as the cost of living crisis hits consumer demand.

Government borrowing was £18.6bn last month - down by £5.6bn from a year ago, but the fourth-highest April figure since records began in 1993.

Grocery inflation has hit its highest level in 13 years - with almost a quarter of shoppers struggling to make ends meet, according to closely-watched industry data.

The governor of the Bank of England has hit back at criticism that its decisions have contributed to the highest inflation in 40 years.

A plea against a windfall tax on energy companies has been made in an open letter to the prime minister and chancellor.