FTSE 100 LIVE: UK unemployment SOARS – ONS issues bleak coronavirus update | City...

The number of UK workers on payrolls fell by 730,000 between March and July, ONS said. This includes another 81,000 jobs lost last month, in large part due to the coronavirus pandemic, they said.It...

1,800 firms revealed plans to make redundancies in June | City & Business |...

Figures obtained by the BBC in a Freedom of Information request showed 1,778 companies informed the Insolvency Service of their intention to cut more than 139,000 jobs in England, Scotland and Wales. This compares...

Scotland economy news: Recovery could be ‘derailed’ by further local COVID lockdowns | City...

The latest Royal Bank of Scotland Purchasing Managers' Index (PMI) found the coronavirus-related downturn in the Scottish private sector "eased noticeably" in July. The report's Business Activity Index - a measure of combined manufacturing and...

Amazon hits small sellers with fee rise as new ‘tech tax’ comes into force...

Next month Amazon will raise the price British firms pay to sell on its website by two percent. It said the decision was taken to "reflect this additional cost" from the new digital sales...

Small businesses fear they will be forced to shut up shop in nine weeks...

Many businesses are struggling (stock image) (Image: Getty)Three-quarters of those polled are unsure how they will continue to keep their business afloat in the coming weeks and months. A lack of customers, cash flow...

Wetherspoon becomes latest high street name to cut jobs as 130 go at head...

Chief executive John Hutson said that all head office staff, including those who are regionally based, will be affected. Those in Northern Ireland and the Republic of Ireland will escape the cuts. "The decision...

FTSE 100 LIVE: Interest rates kept at 0.1% – savers warned negative rates still...

The move comes as the Bank issued a warning saying it expects UK unemployment to jump to 7.5 percent by the end of the year. Its nine-strong Monetary Policy Committee (MPC) voted unanimously to...

FTSE 100 LIVE: Gold price ROCKETS to record price as pandemic fuels inflation |...

The rise in the price of gold is reported to have come from investor demand for gold-backed exchange traded funds, according to the FT. This helped the metal rise to record levels. Investors put...

WHSmith job cuts: High street store set to axe 1,500 jobs after customer exodus...

The stationery retailer said the COVID-19 crisis has pushed down the number of customers going into its stores. It is the latest British high street store to fall victim to the pandemic. WHSmith said...

FTSE 100 LIVE: Oil prices slip over huge coronavirus second wave fears | City...

US West Texas Intermediate (WTI) crude futures eased 21 cents, or 0.5% to $40.79 a barrel at 0800 GMT. Brent crude futures fell 25 cents, or 0.6% to $43.90 a barrel. It comes as...