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.

Eurozone in crisis: One in four youths is jobless as unemployment across 17 nations in the single currency reaches record high

Total unemployment rises to 19.4 million amid fresh criticism of austerity

Food bank problem is 'very serious', admits Business Secretary, Vince Cable

The growing use of food banks in Britain shows that some people are "falling through the cracks in the system", the Business Secretary, Vince Cable, has admitted.

Inflation registers surprise April fall

The annual rate of inflation eased to 2.4 per cent last month, thanks to falls in petrol prices and air fares, the Office for National Statistics reported yesterday.

Lower fuel costs have helped a fall in the CPI

Some good economic news: Inflation drop is bigger than expected

Falling prices at the petrol pumps led to a bigger-than-expected drop in inflation in April, the first easing in the annual rate of price rises for six months.

Chairman exits as First Group seeks £615m from investors

First Group’s chairman Martin Gilbert bowed out on a low yesterday as the struggling transport group tapped investors for £615m to cut debts and axed the dividend as profits slumped.

EU taps top oil traders for price-fixing information

The European Commission stepped up its investigation into oil price fixing as it sought information from trading houses such as the FTSE 100 giant Glencore.

Falling fuel and beer prices herald rare inflation drop

Easing pain for motorists at the petrol pump and Chancellor George Osborne's Budget beer duty largesse should this week herald the first fall in inflation since last September.

Sir Mervyn King bows out on a high: Recovery 'in sight' at last for UK economy as Bank of England delivers final forecast

Chancellor hails improved forecasts as King presents final Inflation Report before stepping down

Britain urged to allow more non-EU foreign fruit pickers

Consumers face higher food prices unless Britain opens up a scheme for foreign fruit pickers to countries outside the EU, the Government’s chief migration adviser has warned.

Motorway signs displaying fuel prices for upcoming services could soon be commonplace, allowing drivers to compare them and make an informed choice

Motorway service stations to be shamed into cutting fuel prices

Government says cost per litre should be displayed on road signs to discourage stations from fleecing drivers

King-sized good news on economy

Bank's Sir Mervyn will bow out with a report of lower inflation and higher UK growth
The bleak figures come ahead of minutes due tomorrow of the Bank of England's April interest rates meeting

Interest rate and quantitative easing on hold as Bank of England sticks to its guns

The Bank of England today decided against giving a further boost to the British economy in Governor Sir Mervyn King’s penultimate meeting at the helm.

Petrol prices climbed from 76p a litre to £1.36 between 2003 and 2012

Tesco, Sainsburys, Morrisons and Asda cut petrol prices

Four leading supermarkets all announced a cut in their petrol and diesel prices today ahead of the bank holiday weekend.

Carlos Slim has built a telecoms and retail empire that spans the US and most of Latin America

The Mexican telecoms vote which slims the fortune of world’s richest man, Carlos Slim

Law targets business magnate’s near monopoly of country’s phone market

The Environment Minister Richard Benyon said new targets were being drawn up to reduce food waste

Environment minister says UK families are losing £50 a month on wasted food

Richard Benyon says 'enormous amounts of food' are thrown away needlessly

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Prices correct as of 19 December 2014
The week Hollywood got scared and had to grow up a bit

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A Christmas ghost story by Alison Moore: A prodigal daughter has a breakthrough

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Amir Khan: 'The Taliban can threaten me but I must speak out... innocent kids, killed over nothing. It’s sick in the mind'

Amir Khan attacks the Taliban

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Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

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