Business and Finance

Real wages have dropped by 1.2% as regular pay growth fails to keep up with soaring inflation, according to the latest official figures suggesting the cost of living crisis may also be forcing the unemployed to seek out work at record levels.

Rising bills have meant one in four people have resorted to skipping meals, according to a survey of more than 2,000 Britons.

A Cabinet minister has said he was "somewhat surprised" to hear the Bank of England warn of "apocalyptic" food price rises.

Elon Musk has warned his planned $44bn (£34.6bn) deal to buy Twitter will not move forward until the company's chief executive publicly shows proof the platform has less than 5% spam accounts.

The UK energy system is drowning in natural gas. There is so much of the stuff in this country that for the time being at least no-one is quite sure what to do with it.

Twitter's chief executive has hit back after Elon Musk put his deal to buy the platform "on hold" over concerns about fake user accounts.

The £4.25bn takeover of Chelsea Football Club has been thrown into fresh doubt amid a renewed impasse between owner Roman Abramovich and Whitehall over the deal's terms.

Everyone in the UK is feeling the pinch from rising prices, but the pain is not being felt evenly.

The governor of the Bank of England has warned of "apocalyptic" food prices, saying he feels "helpless" amid soaring inflation.

A former chief executive of Unicef UK is to spearhead the charity being set up to receive the proceeds of Roman Abramovich’s proposed £2.5bn sale of Chelsea Football Club, even as the controversial sale hit a potentially significant stumbling block.