News

Inflation across the single currency bloc fell to 0.7% in January moving closer to deflationary territory

Passengers stand in line to check in baggage at Heathrow

Heathrow hits out as Civil Aviation Authority seeks 1.5% fall in landing fees

Heathrow condemned “draconian” price cuts ordered by the airport regulator on Friday, which will mean lower fares for passengers, and threatened to cut investment at the UK’s biggest airport as a result.

Bill Grimsey to advise Labour over high streets and business rates

The former chief executive of Wickes and Iceland Bill Grimsey has been made an adviser to the Labour party and will help draw up the opposition’s strategy over business rates for small businesses – one of the hottest topics for retailers.

The Business Matrix: Friday 10 January 2014

Serco to run Boris bikes in London

Chinese inflation hits 7-month low in December

Chinese inflation fell to its lowest level in seven months in December, catching analysts off-guard and easing fears a new squeeze in monetary policy in the world’s second-largest economy.

George Osborne has cautioned against 'self-defeating' minimum wage increases

George Osborne cautious over 50p minimum wage increase

Chancellor says he wants to see low-paid workers' earnings rising, but not at the cost of jobs

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.

Chancellor George Osborne. According to opinion polls, only 16 per cent of low paid voters think that the Conservative Party is on their side

Lib Dems accuse Tories of 'stealing' their policy as George Osborne prepares to approve above-inflation rise in minimum wage

The Conservatives opposed Labour's decision to bring in the minimum wage in 1999, predicting wrongly that it could cost two million jobs

Eurozone inflation drop prompts fears of deflation

The threat of deflation in the eurozone was back on the radar of the European Central Bank after figures showed a surprise slowdown in the cost of living to 0.8 per cent in December.

UK economy strengthens as services exports leap

It's a fantastic start to the new year and confidence is high, says British Chambers of Commerce

David Cameron sidestepped awkward questions on pensioner benefits on ‘The Andrew Marr Show’

Pensioner perks under threat after next election, David Cameron admits

PM hints that wealthy retirees could lose benefits if Tories win next election, as he sets out key policies for manifesto

The Week Ahead: Tesco and M&S are expected to confirm more cracks in their foundations

Shareholders in Caledonia Investments will be looking for signs that the group can make it 47 years of successive annual dividend pay-outs in its third-quarter results today.

Fed chairman Ben Bernanke's policy might not be cost-free

If the US rises from its economic sick bed, the world will follow

A week in Washington has convinced me that the economy there has turned the corner. Interest rates are rising, which means that ours will surely follow

George Osborne has been accused of burying a 'stealth cut' in the Autumn statement

George Osborne's 'stealth cuts' will force millions to miss economic recovery

More than three million low-income families risk missing out on the economic recovery even if wages start to keep pace with inflation, according to an analysis for The Independent.

A train passes Battersea power station en route to London Victoria. Unlike on the Continent, only 58 per cent of UK railway running costs come from fares

Steamed up over rising train fares? Don't be, because the networks need the money

In this provocative essay, one railway enthusiast explains why our network is better – and better value – than ever

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Barn owls are among species that could be affected
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Sarah Silverman (middle) with sister Reform Rabbi Susan Silverman (right) and sister actress Laura Silverman (left) at Jerusalem's Western Wall for feminist Hanuka candle-lighting ceremony
peopleControversial comedian stages pro-equality Hanukkah lighting during a protest at Jerusalem's Wailing Wall
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The Bach Choir has been crowned the inaugural winner of Sky Arts’ show The Great Culture Quiz
arts + ents140-year-old choir declared winner of Sky Arts' 'The Great Culture Quiz'
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After another poor series in Sri Lanka, Alastair Cook claimed all players go through a lean period
cricketEoin Morgan reportedly to take over ODI captaincy
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Independent Travel
Burgundy, the River Rhone & Provence – Five-star MS Swiss Corona 7 nights from £999pp
Lake Como St Moritz & the Bernina Express 7 nights from £809pp
Vietnam
Lake Maggiore, Orta & the Matterhorn 7 nights from £939pp
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Prices correct as of 19 December 2014
Homeless Veterans appeal: 'You look for someone who's an inspiration and try to be like them'

Homeless Veterans appeal

In 2010, Sgt Gary Jamieson stepped on an IED in Afghanistan and lost his legs and an arm. He reveals what, and who, helped him to make a remarkable recovery
Could cannabis oil reverse the effects of cancer?

Could cannabis oil reverse effects of cancer?

As a film following six patients receiving the controversial treatment is released, Kate Hilpern uncovers a very slippery issue
The Interview movie review: You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here

The Interview movie review

You can't see Seth Rogen and James Franco's Kim Jong Un assassination film, but you can read about it here
Serial mania has propelled podcasts into the cultural mainstream

How podcasts became mainstream

People have consumed gripping armchair investigation Serial with a relish typically reserved for box-set binges
Jesus Christ has become an unlikely pin-up for hipster marketing companies

Jesus Christ has become an unlikely pin-up

Kevin Lee Light, aka "Jesus", is the newest client of creative agency Mother while rival agency Anomaly has launched Sexy Jesus, depicting the Messiah in a series of Athena-style poses
Rosetta space mission voted most important scientific breakthrough of 2014

A memorable year for science – if not for mice

The most important scientific breakthroughs of 2014
Christmas cocktails to make you merry: From eggnog to Brown Betty and Rum Bumpo

Christmas cocktails to make you merry

Mulled wine is an essential seasonal treat. But now drinkers are rediscovering other traditional festive tipples. Angela Clutton raises a glass to Christmas cocktails
5 best activity trackers

Fitness technology: 5 best activity trackers

Up the ante in your regimen and change the habits of a lifetime with this wearable tech
Paul Scholes column: It's a little-known fact, but I have played one of the seven dwarves

Paul Scholes column

It's a little-known fact, but I have played one of the seven dwarves
Fifa's travelling circus once again steals limelight from real stars

Fifa's travelling circus once again steals limelight from real stars

Club World Cup kicked into the long grass by the continued farce surrounding Blatter, Garcia, Russia and Qatar
Frank Warren column: 2014 – boxing is back and winning new fans

Frank Warren: Boxing is back and winning new fans

2014 proves it's now one of sport's biggest hitters again
Jeb Bush vs Hillary Clinton: The power dynamics of the two first families

Jeb Bush vs Hillary Clinton

Karen Tumulty explores the power dynamics of the two first families
Stockholm is rivalling Silicon Valley with a hotbed of technology start-ups

Stockholm is rivalling Silicon Valley

The Swedish capital is home to two of the most popular video games in the world, as well as thousands of technology start-ups worth hundreds of millions of pounds – and it's all happened since 2009
Did Japanese workers really get their symbols mixed up and display Santa on a crucifix?

Crucified Santa: Urban myth refuses to die

The story goes that Japanese store workers created a life-size effigy of a smiling "Father Kurisumasu" attached to a facsimile of Our Lord's final instrument of torture
Jennifer Saunders and Kate Moss join David Walliams on set for TV adaptation of The Boy in the Dress

The Boy in the Dress: On set with the stars

Walliams' story about a boy who goes to school in a dress will be shown this Christmas