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The gross payouts will be £2.25bn less in 2014 than in 2013

£30m loss for PC World owner

The owner of Currys and PC World today continued a grim week for the high street's biggest names after plunging almost £30 million into the red.

VAT: Conservatives will vote against rate cut

Conservatives last night vowed to vote against Alistair Darling's plans for a 2.5 per cent temporary cut in VAT, as ministers faced claims that the centrepiece of the pre-Budget report would not do enough to kick-start Britain's weakening economy.

Credit insurers face huge rise in premiums

With more suppliers set to claim for bad debts, the cost of reinsuring risk could soar by over 10 per cent

Comet's credit insurance cut back as crisis spreads

Coface reduces insurance cover to some suppliers

BBC presenter thought Queen Mother was a 'bigot'

The Queen Mother once labelled some of Britain's EU colleagues as "Huns, wops and dagos", a BBC broadcaster has said.

High street worries grow as sales slump at John Lewis

Retailing hit as consumer slowdown gathers pace

Frugal shoppers trim spending on food

DSGi and Sports Direct also feel effects of downturn

Sony cuts profit forecast because of strong yen

Sony fuelled fears of a global recession yesterday as it issued a profits warning and warned it had been badly hit by the strength of the yen and plunging demand for flat-screen televisions and digital cameras.

Currys owner scales back investment

Consumer electronics giant DSG today said it planned to cut capital expenditure by around £30m this year as part of efforts to deal with deteriorating consumer confidence across Europe.

Short-sellers turn on pubs and retailers

Short-sellers barred from betting against financial services companies have instead stepped up their targeting of the UK's biggest pub companies and retailers as they try to cash in on the deteriorating consumer outlook.

Retailers braced for a tough Christmas

More retailers released dire trading figures yesterday, reinforcing fears that the sector is heading for its worst Christmas in 30 years.

DSGi trumpets its cost savings amid retail gloom

DSGi unveiled dire trading at its Currys and PC World stores in the UK yesterday, and revealed that it does not expect trading conditions to improve until 2010.

DSG cautious on consumer outlook

European electrical goods retailer DSG International Plc said it did not expect its markets to recover before 2010 as it posted a drop in first-quarter underlying sales and profit margins and pledged to cut more costs.

Sam Warner: Once trusted and admired, Glitter is all the more reviled

The intense public interest in the former pop star's behaviour reflects deeper concerns about how a child sex offender could inveigle his way into our affections, and highlights the need to prevent such criminals from fleeing abroad to find fresh victims

Deborah Orr: The real scandal of Gary Glitter

It is estimated that worldwide, 1 million children are vulnerable to abuse by sexual tourists
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Pompeii, Capri & the Bay of Naples
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Election 2015: How many of the Government's coalition agreement promises have been kept?

Promises, promises

But how many coalition agreement pledges have been kept?
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He built his own reef, and was fatally shot there by an Israeli gunboat
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Saudi airstrikes are fuelling the Gulf's fire

Arab intervention in Yemen risks entrenching Sunni-Shia divide and handing a victory to Isis, says Patrick Cockburn
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A 16-year-old from Newcastle has set her heart on being the first female to win Young Magician of the Year. Jonathan Owen meets her
Jonathan Anderson: If fashion is a cycle, this young man knows just how to ride it

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British designer Jonathan Anderson is putting his stamp on venerable house Loewe
Number plates scheme could provide a licence to offend in the land of the free

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Cash-strapped states have hit on a way of making money out of drivers that may be in collision with the First Amendment, says Rupert Cornwell
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From farm to fork in Cornwall

One man is bringing together Cornwall's most accomplished growers, fishermen and butchers with London's best chefs to put the finest, freshest produce on the plates of some of the country’s best restaurants
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The world's top wine critic on tasting 10,000 bottles a year, absurd drinking notes and New World wannabes
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How to make your own Easter egg

Willie Harcourt-Cooze talks about his love affair with 'cacao' - and creates an Easter egg especially for The Independent on Sunday
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Bill Granger's twist on Easter Sunday lunch

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