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HS2 could cost up to £102.7bn and trains will be slower than first planned
Two-thirds of the increase in cost is due to an underestimate of costs by the previous government, inefficient delivery, and to works being missed from the scope of the original plan, according to the government. One third of the increase is due to inflation, Alexander said.
Food price rises slow as UK inflation remains at 3.8%
Charlotte EdwardsBusiness reporter, BBC News Getty Images Food inflation fell, according to the latest figures Food and drinks prices in the UK are increasing at their slowest rate in more than a year, while overall inflation remains unchanged for the third month in a row. Month-on-month, the cost of food and non-alcoholic drinks actually edged…
How do skincare dupes compare to luxury brands?
Rachael Parnell Rachel says with some of the dupes she “can’t tell the difference” When Rachael Parnell heard Aldi was selling a new skincare range that looked similar to products from luxury brand Augustinus Bader, she was “super excited”. She rushed to her nearest store to pick up the Lacura face cream for £8.49 for…
What was the 1970s oil crisis, and are we heading for something worse?
Alicia Garcia Herrero, chief economist for Asia Pacific at Natixis CIB, said while 1970s oil shocks sent prices sky high, they only cut global supply by 5-7%. In contrast, the current crisis affects 20% of the world’s supplies, “dwarfing the 1970s shock”, she said.
Lloyds strives to be UKs biggest fintech by selling more customer data
Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Lloyds Banking Group will sell more customer data and automate governance checks in a bid to slash technology costs and reinvent itself as “the UK’s biggest fintech”. The high street lender, which has 28mn customers,…
