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Latest Business News

UK interest rates remain at 0.5%
The Bank of England keeps UK interest rates on hold at a record low of 0.5% for the 18th consecutive month.

Welfare bill 'to be cut by £4bn'
The government is planning to reduce the annual welfare bill by a further £4bn, Chancellor George Osborne tells the BBC.

Spending cuts 'to hit north harder'
Industrial areas in the North East and Midlands are least resilient to economic shocks, BBC-commissioned research suggests.

Global economy slowing, says OECD
The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, an economic group says.

Bmibaby luggage gauges too small
Budget airline Bmibaby has been charging customers to put bags in the hold when they are small enough for the cabin, the BBC learns.