Boris Johnson’s government wasted £10bn of public money because of the flawed way it went about buying personal protective equipment during the coronavirus pandemic, an official inquiry has concluded.
The European Central Bank (ECB) has selected 36 payment service providers (PSP) from across the euro area to participate in the digital euro pilot. The pilot exercise is crucial for testing the digital euro’s technical …
Innovative new proposals aim to establish the UK as a centre for the fast-growing captive insurance market. This will support economic growth, leverage the UK market's expertise and cement its position as the location o…
The FCA has proposed a package of reforms that would tailor requirements proportionately for asset managers, cut costs for firms and give better data to supervise the sector more effectively.
The US government has already paid back tens of billions of dollars in tariffs it collected before the supreme court ruled them illegal, according to budget figures released on Monday.
South East Water will pay £30.5m after a series of supply interruptions, customer failings and for breaching its licence, the regulator Ofwat has said.
Relentless sunshine and the World Cup coaxed consumers to spend more on beer and online shopping last month, with purse strings expected to remain loose as England fans gear up for Wednesday’s semi-final.
Geopolitical tensions, soaring asset valuations and financial innovation have put the topic of financial stability back on the agenda. But today, people are talking about hedge funds, bond market functioning, private cr…
Great Britain’s grid operator has brought in independent investigators to look into accusations that its staff were involved in a cover-up over the power system being at a greater risk of blackouts during the heatwave.
The chief executive of Volkswagen has confirmed plans to cut 50,000 more jobs despite the carmaker’s supervisory board rejecting his plan to shut four factories in Germany.
The European Parliament gave the digital euro the green light last week. Do any major hurdles still remain or is the way clear for the project to be implemented?
British nationals can expect shorter passport queues at Swiss airports and border crossings after a £5.2bn trade deal was sealed by Keir Starmer, likely his last big international agreement as prime minister.
This time of year is graduation season in China: traditionally a bittersweet period of solemn goodbyes and family celebrations as university students transition from campus life into adulthood. Now it also increasingly …
The Chair thanked members for attending and confirmed that the Minutes of the Money Markets Committee (MMC) March 2026 meeting had been published on the Bank’s website.footnote [1]
Drinkers across the UK were shocked when a pint in some London bars hit £10, and now a cup of coffee is facing a similar inflationary rate. Some baristas are now charging £6.50 for a flat white.
The beleaguered pub sector is getting a boost from England’s World Cup run, with some landlords reporting roaring sales as anticipation builds for a bumper night on Wednesday for the semi-final clash with Argentina.
For a long time the classic round, red tomato has dominated British salads and sandwiches, but its supremacy is coming under threat as sales of rainbow colours and the upmarket rival “cherry on the vine” take off.
Britain’s biggest community solar project has been forced to shut for the duration of its first summer by the government’s energy system operator to avoid overloading the local grid with renewable energy.