UK Economy

Chancellor George Osborne to raise minimum pay to £7.20 per hour starting April 2016.

Iconic vehicle overtaken by technology and EU legislation on fuel consumption and emissions.

British shoppers spent £566bn in 2014, double the GDP of the Dutch economy.

American insurer will provide cover of up to £50,000 against cyberbullying.

Move follows recent government measures that raise taxes on landlords.

Till date, UK's steel crisis has resulted in the loss of about 5,000 jobs.

Neusentis closure move follows downsizing of R&D activities at Sandwich, Kent.

Insiders at Nissan fear 6,000 plus jobs at Sunderland plant could be moved to France.

A survey indicated that a majority of shoppers would visit the discount chains in the weeks leading up to 25 December.

It marks the first time the Japanese carmaker manufactures its luxury line of cars anywhere in Europe.

The company plans to open 100 new stores of The Edinburgh Woollen Mill and Peacocks over the next two years.

A survey has estimated that the overall employment in this sector fell 6% in the year to September 2015.

From the apprenticeship levy to business rates and infrastructure, the business world has its own agenda.

Move in line with JLR's target to deliver one million cars by end of the decade, experts say.

Fawcett Society finds women's voices are absent from economic views in the media.

Npower would take at least until 2017 before it could see profits according to Bernhard Guenther.

Negative inflation will likely cause the Bank's Monetary Policy Committee to postpone a rate hike.

New work repair and maintenance fell by 2.2% and 2.1% respectively from last year.

Westminster-based think-tank ResPublica warns of impact on NHS.

Non-disclosing companies citing commercial sensitivity of information for their action.

Members of the Monetary Policy Committee (MPC) voted eight to one to leave rates on hold.

The review was conducted by Tesco bosses with inputs from farmers and dairy processors such as Muller Wiseman.

Low start up costs and positive public perception has placed Britain on top for starting a business.

Units closed are Fairbright Wire, Caparo Tubes Tredegar, Caparo Atlas Fastenings and Caparo Forging Europe in Dudley and Hartlepool.

London is now the second least affordable of the 15 urban cities according to a study by UBS.

In bad news for George Osborne the economy could not continue its strong growth from the second quarter.

Compared to September 2014, the month saw a 1.9% increase in volume and a 1.4% increase in spending.

British mining firms' stocks take a beating after China's GDP numbers were out.

Caparo's administration work could cost it up to £10m.

The British steel industry contributed £9.5bn to the country's economy.