Business

The UK economy is to suffer the biggest hit of all the G7 nations next year, a report has forecast. The economy is to contract more than any of the other six countries that form the group of the world’s largest industrialised democracies, according to forecasts from the Organisation for Economic Cooperation and Development (OECD).
Climate change activists have occupied Gordon Ramsay’s three-star Michelin restaurant in London. Members of Animal Rebellion entered Restaurant Gordon Ramsay on Hospital Road, Chelsea, at around 6pm on Saturday. Wearing smart casual clothing, they sat at tables reserved for guests of the high-end restaurant. They held mock menus outlining the environmental costs of items served
A multimillion-pound payout to Jacob Rees-Mogg, the former business secretary, is in jeopardy amid faltering talks about a sale of the asset management business he cofounded. Sky News has learnt that negotiations between Somerset Capital Management, in which Mr Rees-Mogg is a substantial shareholder, and prospective buyer Emso Asset Management have stalled in recent weeks.
Wage growth picked up by more than expected over the three months to September, according to official figures also showing a rise in the jobless rate. The Office for National Statistics (ONS) said average weekly earnings, excluding bonus payments, rose at an annual rate of 5.7% during the three months to September as more workers
Ofgem’s failure to effectively regulate energy suppliers since 2018 has “come at a considerable cost” to British households, a watchdog report has found. The Public Accounts Committee (PAC) said the energy regulator did not tighten requirements for new suppliers until 2019, or for existing suppliers until 2021, despite issues with the financial resilience of energy