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Blow for Boris as Bank of England slashes UK growth forecast

The Bank of England now expects GDP to grow by 3.75% this year, not 5%, putting at risk the Prime Minister’s claim that the UK is the fastest growing G7 economy

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Will the cost of living crisis hit BT subscriptions?

City Comment: A key year for BT on internet sign-ups


Ofgem to announce 50% energy price cap jump

The new price cap will be announced on Thursday and the tariff will come into force from April


Jeremy King on The Wolseley, Minor Hotels and Richard Caring rumours

One of London’s most influential restaurateurs is braving his way through a crisis designed to ruin him. He tells David Ellis his side of the story


KPMG partner pay jumps 20% to £688,000 in ‘hottest deal market ever’

KPMG’s 14,700 UK staff will also share a “market leading” £100 million bonus pool as professional service firms enjoy a strong rebound from the pandemic


Virgin Money boss needs to cycle faster to overtake other banks

City Comment: The woke CEO is going in the right direction


Jailed Libor trader Hayes ‘ecstatic’ at verdict in US rigging case

A US appeals court has overturned the conviction of two Deutsche Bank traders accused of rigging interest rate submissions, appearing to bolster Hayes’ quest to have his own conviction reversed


AO World set for European retreat with German ‘strategic review’

AO World launched in Germany in 2014 but has struggled to make it work. Analysts say a retreat is now likely, following an exit from its Dutch business in 2019


UK interest rate set to hit 1% by summer, City predicts

The City is bracing for a run of interest rate rises around the world, starting next week with the Bank of England. The UK interest rate is set for its first back-to-back increase since 2004