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National Audit Office to investigate East Coast rail ‘bailout’

Watchdog to look at decision to allow Virgin and Stagecoach to hand back franchise early A controversial decision…

Business

Richard Branson defends government bailout of Virgin’s East Coast…

Intervention necessary with losses overwhelming track and train upgrade and investment commitments, says…

Latest News

Rising UK energy bills are a political headache with no cure | Nils Pratley

5 years ago

Westminster struggles to cushion the blow as gas prices hit unprecedented highs You can sense the sudden political alarm in Westminster. What, if anything, can be done to cushion the blow of higher…

Ryanair doubles annual loss forecast over Omicron; gas prices near record – as it happened

5 years ago

Rolling coverage of the latest economic and financial news Latest: Ryanair predicts higher loss and cuts January capacityEuropean gas prices hit record highs on Tuesday as flows on key pipeline move…

The Guardian view on Covid-hit arts: there is a solution | Editorial

5 years ago

A short-time work scheme would help freelancers when the going gets tough It is not just the hospitality industry that is facing chaos in this moment of not-lockdown. The cultural sector, especially…

Ofgem gives £1.83bn to energy firms that took on collapsed rivals’ customers

5 years ago

Figure covers buying energy on wholesale markets and costs will be passed on to household bills Energy firms that took on millions of customers from rivals that collapsed amid soaring gas prices have…

‘Like a ghost town’: customers desert city centres as Omicron takes hold

5 years ago

High streets in smaller towns feel benefit as shoppers and workers stay away from major urban areas Coronavirus – latest updatesSee all our coronavirus coverageThe busy streets of central London are…

Kremlin denies restricting gas supplies to Europe for political gain

5 years ago

European gas prices climb close to record highs as flows on key pipeline move towards Russia The Kremlin has denied using Russia’s gas resources to turn the screw on Europe, after gas in a pipeline to…

Gambling firm that coaxed older people to bet thousands will escape sanctions

5 years ago

Isle of Man-based IMME committed extensive breaches of licence, finds Gambling Commission review An online gambling firm that contacted older people and persuaded them to bet tens of thousands of…

EU to combat taxation ‘race to the bottom’ with 15% rate for big companies

5 years ago

Officials confident draft law will secure unanimity, despite concerns from Hungary and Estonia The EU has taken a first step in setting a 15% minimum corporate tax for multinationals, in line with a…

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