V2 Radio - Business News

Britain's hopes of becoming a critical minerals superpower have been dealt a severe blow after one of its leading companies abandoned its plans to build a rare earths refinery near Hull.

The government has vowed to pursue a company linked to Baroness Michelle Mone for millions of pounds paid for defective PPE at the height of the COVID pandemic after a High Court deadline passed without repayment.

Rachel Reeves faces the prospect of another "groundhog day" unless next month's budget goes further than plugging an estimated £22bn black hole in the public finances, according to a respected thinktank.

The mastermind of a £5bn Chinese investment fraud was found with a device containing £67m of cryptocurrency in a secret pocket of her jogging bottoms when she was arrested after years on the run, a court has heard.

Royal Mail has been fined £21m for failing to meet delivery targets for the third year in a row and warned fines are likely to continue unless there's an improvement.

The chancellor is weighing plans to hand hundreds of millions of pounds in tax incentives to small businesses in next month's budget as she seeks ways to pitch the government as pro-enterprise to Britain's private sector.

A company has been fined £14m for failing to keep data safe during a cyber attack, which resulted in more than six million people having their data stolen.

The owner of stakes in Six Nations and Premiership Rugby and the top flights of French and Spanish football is in talks with a pack of financial giants about a refinancing of its £9bn sports assets portfolio.

Price rises in the UK are to be the highest among the G7 club of industrialised nations, according to the International Monetary Fund (IMF).

Today is the High Court's deadline for a firm linked to Baroness Michelle Mone to repay £122m for supplying defective PPE at the height of the pandemic, with no indication the Department of Health and Social Care (DHSC) will be paid in full.