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M&S profits almost wiped out after cyber hack left shelves empty
M&S’s profits were almost wiped out after it was hit by a cyber-attack which left shoppers unable to buy online from the company for months. The hack was “an extraordinary moment in time,” it said, as it revealed statutory profit before tax – a figure that reflects all costs for a period – slumped 99%…
OBR productivity forecast may add £20bn to Budget hole
The government is facing a bigger-than-expected hole in the public finances as it prepares for next month’s Budget. A downgrade to the UK’s productivity performance from the government’s official forecaster could lead to the chancellor facing a £20bn gap in meeting her tax and spending rules, the BBC understands. Rachel Reeves has confirmed both tax…
Supply too reliant on one asset, says South East Water boss
Fiona Irving,South East environment correspondentand Craig Buchan,South East BBC South East Water chief executive David Hinton has faced calls to resign over supply issues The boss of South East Water has said the company is too dependant on individual facilities after a six-day supply failure affected thousands of people in Kent. About 24,000 properties in…
Electric Car Grant : £1.3bn boost for EV scheme expected in Budget
The government is expected to announce an extra £1.3bn in funding for a scheme encouraging the use of electric vehicles (EVs) at next week’s Budget. The Electric Car Grant scheme started in July as part of the move to zero emission vehicles. The government says it has helped 35,000 switch to EVs. However, early research…
World Economic Forum boss Borge Brende quits after review of Jeffrey Epstein links
As the world inches back to a pre-WW2 order, the ‘middle powers’ face a grave new challenge With economic stagnation and extremes of inequality comes corrosion of trust in democratic institutions. So Trump may be a symptom, not a cause, of what Carney called a “rupture” with the post-WW2 order. 25 Jan 2026
