Finance

The cyberattack on Jaguar Land Rover (JLR) is estimated to have been the most economically damaging hack in UK history and cost the country around £1.9 billion, according to a new report.

Labour has been urged to break a manifesto pledge to scrap youth rates of the minimum wage amid a dramatic rise in the number of young people out of work and education.

Numerous Pizza Hut restaurants in the UK might close, and hundreds of jobs are at risk after the dine-in aspect of its business fell into administration.

The discount retailer B&M has replaced its finance chief following a £7m accounting mistake that will reduce its annual earnings – marking its second profit warning within two weeks.

The UK’s housing market is showing signs of slowing down amid speculation that Rachel Reeves could announce tax increases on property in next month’s budget.

Plumbers, electricians, and welders will be in high demand as part of a national plan to train individuals for an additional 400,000 green jobs over the next five years, Ed Miliband has said.

Rachel Reeves has been cautioned that imposing further tax hikes on employers in next month’s Budget would batter the jobs market, with confidence already "in free fall".

The NHS’s total liabilities for medical negligence have hit £60 billion, the National Audit Office (NAO) has said.

The country’s largest road construction project - costing £1m a day at its peak - has passed its halfway point.

Transport for London (TfL) put a revised offer to the capital’s four Tube unions on Monday in an effort to head off more strikes.

Credit Suisse has lost a 440 million US dollar (£325 million) High Court claim against Japan’s SoftBank Group over a restructuring agreement involving Lex Greensill’s collapsed firm.

Rachel Reeves has faced another significant setback ahead of next month’s crucial Budget as the International Monetary Fund (IMF) warned that inflation will rise to the highest level in the G7 in 2025 and 2026.

Despite the billion-peso flood control corruption scandal shaking public confidence in government and its infrastructure projects, the British Chamber of Commerce Philippines (BCCP) remains optimistic about the country’s economic prospects and its growing trade ties with the United Kingdom.

British finance minister Rachel Reeves plans to build up a bigger buffer against her main fiscal rule at next month’s budget in an effort to better insulate government finances from future shocks, the Sunday Telegraph reported.

Millions of Brits are expected to see an increase in their water bills of up to 5% in the coming months.

Councils face a funding shortfall of more than £4 billion next year, putting more strain on overstretched services, according to a report.

Banks will be granted powers to snoop on pensioners’ accounts and share data with the government as part of a huge fraud crackdown.

Britain’s struggling steel industry is facing an ’existential threat’ following the European Union’s announcement to increase tariffs on imports to 50 percent.

Millions of consumers could be eligible for £700 payouts after the City watchdog outlined compensation plans for the car finance scandal.

The Trump Administration has announced a crackdown on the H1-B visas that U.S. firms have historically used to bring foreign talent into the country.

The average UK house price increased by 0.5% month on month in September, following a 0.1% monthly fall in August, Nationwide Building Society said.

The owner of Royal Mail has acquired a multi-million pound stake in another company, leading to the rebranding of thousands of convenience stores.

Pharmaceutical giant AstraZeneca has announced plans to revamp its US listing, while emphasizing that it will keep its headquarters in the UK and remain listed on the London market.

Jaguar Land Rover has been handed a £1.5 billion government-backed loan to shore up operations after a major cyber attack forced the carmaker to halt production at its UK factories