News John Lewis at Westfield shopping centre

John Lewis has decided against closing its final salary pension scheme, leaving it as one of the only retailers in the country that still offers new staff the gold-plated retirement payouts more commonly associated with politicians and civil servants.

Caroline Flint, the shadow Energy Secretary

Shadow Energy Secretary Caroline Flint accuses the 'big six' energy firms of over-charging

Caroline Flint, the shadow Energy Secretary, threw down the gauntlet to the big six energy companies yesterday, accusing them of over-charging customers and challenging them to close down their retail arms if they were unhappy with their profits.

Supporters of Egypt's army chief General Abdel Fattah al-Sisi hold his posters in Tahrir square in Cairo, on the third anniversary of Egypt's uprising

BG Group shares plunge after Egypt turmoil hits profits

Egypt accounts for nearly a fifth of group's production

The rise in the cost of groceries has contributed to the rise in people using food banks, such as this one in Poplar

Britain ‘put profits of banks ahead of EU curbs on food speculators’

The Government has been accused of protecting corporate profits at the expense of the world’s poorest people by trying to block European Union reforms to curb food speculation.

A volunteer puts together a parcel of food at a Food Bank in Brixton, south London

UK ‘has some of the highest and most volatile food prices’, claims Oxfam

Britons face some of the highest and most volatile food prices in Western Europe, according to research published today.

The biggest contribution to the fall in the inflation rate came from a decline in the price of groceries

Fall in inflation fuels hopes of rise in living standards

Pay increases now more likely to outstrip cost of living growth as CPI rate sinks to 2 per cent

Inflation fell to the Bank of England's target of 2 per cent for the first time in over four years in December.

Inflation hits Bank of England's target of 2% in December

CPI rate fell to 2 per cent in December for the first time in over four years

Governor of the Bank of England Mark Carney

Bank of England to hold interest rates at record lows

The Bank of England will hold interest rates at record lows once more today, amid speculation it will have to change the threshold for considering a hike in the cost of borrowing within months.

Sales on Oxford Street in the run-up to Christmas reveal retailers' worries

Shop inflation hits record low after Christmas discounts

Shop prices fell at their fastest rate on record in December, in a sign of intense competition on the high street over the crucial Christmas trading period.

Electricity pylons in the Languedoc, France in Villejust, near Paris

Exclusive: A giant European network of electricity interconnectors is solution to high energy prices, says climate change minister

Ed Davey believes a continent-wide network of underground electricity cables could slash bills

The increase means fares are rising three times faster than wages for many commuters

Rail fare rises: Commuters take a hit as ticket prices increase three times faster than wages

Campaigners have used the latest price increase to warn that by 2018 the Government will be 'making a profit from passengers'

A pre-election rate hike could actually improve David Cameron's chances of staying in Downing Street, rather than damaging them, as has been widely thought.

Interest rate rise would make more people 'better off', poll finds - and could help David Cameron to stay in Downing Street

More people believe they would be helped than harmed by a rise in interest rates, according to a new survey.

UK inflation falls to a 4-year low at 2.1% in November

The lowest inflation for four years added to the UK’s economic purple patch yesterday, following strong quarterly growth and and declining unemployment in boosting the nation’s recovery prospects next year.

Half of UK firms expect to create jobs next year, according to CBI report

More than half of the UK’s businesses expect to create new jobs over the next year, though real wages will continue to fall, a new report has found.

The music video for Ylvis's

'The Fox' goes viral again, this time as a Christmas light show

Jay Perkins's festive rendition of the YouTube hit has attracted over 250,000 views in just two days

Carney is learning fast after his less than happy start

The governor is taking a judgement about the appropriate level of the price of a major asset class

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