Business

The UK’s exit from recession during the first three months of the year was stronger than initial figures suggested, according to official data. In an update on its first growth estimate, the Office for National Statistics (ONS) said gross domestic product (GDP) rose by 0.7% between January and March. It had originally said on 10
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One of the architects of the Post Office Horizon accounting system has admitted there were “discreet” bugs but it generally “worked well”, dismissing suggestions he had knowledge of widespread flaws. Gareth Jenkins, who was a lead engineer at Horizon supplier Fujitsu, told the public inquiry into the IT scandal that while pilots for both Horizon
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Four members of Britain’s richest family have received jail sentences after being found guilty of exploiting their vulnerable domestic workers and providing unauthorised employment. Indian-born tycoon Prakash Hinduja and his wife Kamal, along with their son Ajay and his wife Namrata, were, however, cleared by a Swiss court of more serious charges of human trafficking
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Around 1,500 workers at Tata Steel are to hold an “all-out indefinite strike”, a union has announced. The industrial action at Port Talbot and Llanwern, Newport, will begin on 8 July and is expected to “severely impact” the company’s UK operations, Unite said. It comes in response to plans to close Tata Steel’s blast furnaces
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Sainsbury’s has struck a deal to sell its banking business to NatWest. The agreement could see NatWest take on around one million customer accounts, as well as £1.4bn of unsecured personal loans, £1.1bn of credit card balances and £2.6bn of customer deposits. The deal is expected to be completed in the first half of 2025.
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There was “possibly a criminal conspiracy” at the Post Office, according to an independent forensic accountant drafted in to investigate the controversial Horizon accounting system. Ian Henderson, one of the two forensic accountants from Second Sight paid by Post Office (POL) to review sub-postmaster convictions involving Horizon in 2012, told the public inquiry into the
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