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Royal Mail fined £21m by Ofcom for missing delivery targets
Emer MoreauBusiness reporter Getty Images A quarter of all first-class post was delivered late last year Royal Mail has been fined £21m after almost a quarter of first-class post arrived late, Ofcom has announced. It is the third-largest fine the communications watchdog has ever issued and follows its investigation after Royal Mail missed its targets…
Unemployment rate unexpectedly falls as fewer students look for work
Liz McKeown, director of economic statistics at the Office for National Statistics (ONS) figures, said: “Alongside falling unemployment, the number of people not actively seeking work increased, with data suggesting fewer students seeking work alongside their studies.”
Why the US dollar hit a four-year low and could fall further
“In my opinion, what markets are reacting to is just sort of the haphazard nature of policy in this administration – the escalation, de-escalation,” said Robin Brooks, senior fellow at the Brookings Institution and former FX strategist at Goldman Sachs, pointing to similarities between the backlash over tariffs and Greenland.
British Steels Scunthorpe site costing £1.3m a day to run
The report highlighted £15m was spent on advisers between 12 April 2025 and 31 January 2026, and £359m to British Steel for operating activities, such as paying for raw materials and payroll, while £3m was spent on legal and other costs at the North Lincolnshire plant.
