Business News

Britons face two years of record high flight costs
A shortage of aircraft and engine construction difficulties could mean consumers face a further two years of record flight prices.
Market town with average house price of £440k named happiest place to live - does your town make top 20?
Woodbridge is the place to be for residents wanting to live the happiest life, according to new research.
Meta virtual reality partner Roto VR sees future with £2.4m funding boost
The designer of an interactive virtual reality chair for use with games sold by the owner of Facebook has snapped up nearly £2.5m from investors.
First rail companies to be nationalised by new Labour government announced
The first three railway companies to be nationalised have been named as part of the new Labour government's plan to bring rail into public ownership.
Chancellor admits it won't be 'easy' for business to absorb costs of national insurance hike
The chancellor has admitted it will not be "easy" for businesses to "absorb" the increase in employers' national insurance contributions that was announced in the budget.
Guardian owner's chair in desperate bid to reassure staff over Observer sale
The chair of The Guardian's parent company has insisted that it will remain a part-owner of The Observer hours before staff walk out over the sale of the world's oldest Sunday newspaper.
'Mind-boggling' Brexit rules hit British food exports by £3bn a year
British businesses have blamed "mind-boggling" bureaucracy on a £3bn-a-year hit to food exports since Brexit.
Customers should be given taxpayer incentives up to £5,000 to drive electric future, Ford's UK boss says
Ford's UK boss has called on the government to provide consumer incentives of up to £5,000 per car to boost demand for electric vehicles and help the industry hit challenging climate targets.
IP Group plots sale of tech stake portfolio to Lexham
An investment vehicle founded by one of Britain’s most prominent venture capitalists is in advanced talks to buy a portfolio of stakes in some of the country’s most promising technology companies.
Upmarket tapas chain Iberica on brink of collapse
A group of Spanish restaurants headed by a Michelin-starred chef is on the brink of collapse after filing a notice of intention to appoint administrators.

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