Just now Zoe Conway,BBC News correspondent BBC Single mum Zoe Godrich says “the life has just been sucked out of me”, trying to sort out the problems with the insulation Every two weeks Zoe Godrich scrapes the black mould off the walls of her children’s bedrooms. She says her house now resembles a squat. ”It’s...
Category: Business
Adam Neumann drops effort to return to WeWork
Former WeWork boss Adam Neumann said he is moving on after trying to buy the bankrupt company that specialises in shared office spaces. Mr Neumann had revealed his interest in buying the firm earlier this year, reportedly offering some $500m (£391m). At the time, he accused the firm of resisting the idea despite its financial...
Owners to back £5bn takeover offer by billionaire
The board of the company that owns Royal Mail is expected to recommend a fresh takeover offer for the 500-year-old organisation on Wednesday. Czech billionaire Daniel Kretinsky will firm up an offer of £5bn for the company which employs more than 150,000 people. It’s thought the offer will include commitments to retain the name, brand,...
New AI tools much hyped but not much used, study says
Very few people are regularly using “much hyped” artificial intelligence (AI) products like ChatGPT, a survey suggests. Researchers surveyed 12,000 people in six countries, including the UK, with only 2% of British respondents saying they use such tools on a daily basis. But the study, from the Reuters Institute and Oxford University, says young people...
Rachel Reeves promises no additional tax rises to fund spending
Shadow chancellor Rachel Reeves has promised that there will be “no additional tax rises needed” beyond those she has set out if Labour wins the general election. In her first major speech of the election campaign, Ms Reeves said that every Labour policy “will be fully funded and fully costed – no ifs, no ands,...
State pension and triple lock: How much is it and when can you get it?
Both the Conservatives and Labour have committed to keeping the triple lock. It was temporarily suspended after the Covid pandemic distorted average wage figures, but later restored. In the run-up to the General Election, the Conservatives have also promised to raise the tax-free state pension allowance in what they have called a “Triple Lock Plus”....
Business chiefs sign letter backing Labour
Dozens of business leaders have signed a letter endorsing the Labour Party’s economic plans ahead of the 4 July general election saying it is “time for a change”. In a letter published in Tuesday’s Times newspaper, 121 founders, CEOs, and former leaders at a range of financial services, retail and manufacturing firms say Labour has...
Singapore Air chief thanks staff after turbulent episode
The boss of Singapore Airlines, Goh Choon Pong, has thanked the carrier’s staff after severe turbulence incident in which a British man died and tens more people were injured. “The last five days have been immensely challenging for everyone at Singapore Airlines,” Mr Goh wrote in a memo seen by the BBC. The message comes...
I’m now paying £8,000 a year for my flat
13 minutes ago Phil Hendry,Senior producer, BBC News BBC Richard says he regrets ever buying his flat “The worst decision of my life,” reflects Richard Moore, as he sits in the small flat he bought as an investment to provide him with a pension in his old age. “My service charges have doubled from £4,000...
Trying to buy a house is ‘playing a game you can’t win’
Just now Natalie Sherman,Business reporter, BBC News Nathan Wilkins When Nathan Wilkins moved back in with his mother and sister in 2019, he hoped it would help him save money to buy a home. But in the years since, the US housing market has been transformed by rising rents, surging home prices, and a massive...