Business & Investment

BUSINESS LIVE: Early rate hike warning

BUSINESS LIVE: Latest early interest rate hike warning. Liberty Steel has secured a £ 50m cash injection.Decarbonized drive Heathrow

Key policy makers have warned that households must prepare to raise interest rates faster than expected as the Bank of England tries to curb inflation.

Michael Sanders, a member of the bank’s monetary policy committee for interest rate setting, hinted that interest rates could be raised earlier this year.

Sanjeev Gupta’s Liberty Steel secures £ 50m in cash injections and protects 1,000 jobs at its Rotherham and Stocksbridge plants.

The deal was part of the broader restructuring of Liberty’s owner, the GFG Alliance, and was sought to raise funds when its major lender, Greensill Capital, collapsed.

Heathrow has urged the government to strengthen its policies to ensure the development of sustainable aviation fuels, in line with the International Air Transport Association’s commitment to zero aviation by 2050.

Airport passenger numbers were just under 40% of pre-pandemic levels in September, but cargo volumes in 2019 fell by nearly 8%. This “reflects how travel restrictions are damaging UK exports and supply chains.”

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Work subcontracted by Liberty Steel Group at Motherwell’s Darzel Steel Works


BUSINESS LIVE: Early rate hike warning BUSINESS LIVE: Early rate hike warning

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