UK’s third-largest steelworks collapses into government control
Simon JackBusiness editor, BBC NewsBBC/Spencer StokesCourt hearings to decide on the steel firm's future had previously been adjourned several timesThe UK's third-largest steelworks has been placed under government control, creating…
Donald Trump backs down from 250% EU pharma tariff in deal
Rachel ClunBusiness reporter, BBC NewsUS President Donald Trump has backed down from setting high tariffs on pharmaceuticals and semiconductors imported from the European Union.Last month, Trump said pharmaceuticals and semiconductors…
Tesco meal deal price rises to £3.85 for Clubcard holders
Jennifer MeierhansBusiness reporterBBCTesco meal deal prices went up on ThursdayTesco has raised the price of its lunchtime meal deal in the latest example of rising food prices in the UK.The…
Tube strike: London Underground staff to walkout over pay
Tube staff to strike over pay and work conditionsShutterstockLondon Underground staff will strike from 5 September for seven daysThere will be rolling strike action across the London Underground (LU) beginning…
Average five-year mortgage drops below 5% to lowest level in two years
The average rate on a five-year fixed mortgage has dropped below 5% for the first time since May 2023, as the cost of borrowing continues to fall steadily.The average five-year…
UK government borrowing lower than expected in July
Nick EdserBusiness reporter, BBC NewsGetty ImagesUK government borrowing was lower than expected in July, following a rise in tax and National Insurance receipts.Borrowing - the difference between public spending and…