Business news blog


Airport shops to face VAT inquiry

Airport shops could be forced to give VAT discounts to passengers travelling outside the European Union, following the launch of a government inquiry.

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Energy shares bolster FTSE 100

The FTSE 100 rises, with energy shares among the biggest risers as oil prices stabilise.

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Fed believed US could handle rate rise

Federal Reserve minutes revealed it believed that the US economy could have coped with an interest rate rise.

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Bigger fines for not paying Living Wage

Employers who do not pay workers the national minimum wage and the National Living Wage will face tougher penalties under plans outlined by the government.

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