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UK economy shrank unexpectedly by 0.1% in October
Rachel ClunBusiness reporter PA Media The UK’s economy shrank unexpectedly in the lead up to the Budget, according to the latest official figures. The economy contracted by 0.1% in October, the Office for National Statistics (ONS) said, whereas economists had been expecting it to grow by 0.1%. The economy also shrank by 0.1% in the…
SpaceX share price drops below stock market debut
SpaceX’s share price has dropped below its stock market debut just over a month ago, falling sharply from a post-float peak. The price for a single share in Elon Musk’s rocket, satellite and artificial intelligence (AI) company fell to $132.62 (£98.24) on Wednesday, below its initial listing of $135 in June. SpaceX’s initial public offering…
Water companies told to refund £260m to customers.
Mark Poynting,Climate and science reporter, BBC News and Jonah Fisher,Environment correspondent PA Media England and Wales’ water companies have been ordered to refund more than £260m to customers for poor performance. The economic regulator Ofwat says 40% of that money has already been taken off this year’s bills, with the rest to come off next…
Watch: Are Trumps tariffs delivering on his objectives?
Tariffs have never been far from the headlines during President Trump’s second term in office and another raft of these import taxes has just come into force. So are US households really paying 1.5% more because of them? The BBC’s Samira Hussain explains how tariffs are affecting the US economy, who pays the price, and…
