Business & Economy

Published: 08 October 2025. The English Chronicle Online. Gold prices surged above $4,000 (£2,980) per ounce for the first time in history, as investors flocked to the precious metal amid global political and economic turbulence. The spot price of gold, which reflects real-time market value and serves as the global benchmark, reached $4,031.54 at 8 a.m. in London on Wednesday, climbing 1.2% during early trading. This rally marks the largest...

Published: 08 October 2025. The English Chronicle Online. Kemi Badenoch, one of the Conservative Party’s most prominent figures, is set to announce a new “golden rule” of economic policy that aims to restore fiscal discipline and rebuild the Tories’ reputation for responsible financial management. In a pivotal address at the Conservative Party Conference in Manchester, Badenoch will pledge that at least half of all money saved through government spending cuts...

Published: 07 October 2025. The English Chronicle Desk The UK housing market is showing signs of cooling as house price growth slowed to 1.3% in the year leading up to September, according to the latest data from Halifax. This represents the weakest annual increase since April 2024 and falls significantly short of predictions made by economists, who had anticipated a growth rate of 2.2%, up from August’s 2%. The figures...

Published: 07 October 2025. The English Chronicle Desk. Ineos, the multinational chemicals company controlled by billionaire Sir Jim Ratcliffe, has announced that it will cut a fifth of its workforce at its East Yorkshire plant, citing “sky-high” energy costs and an influx of “dirt-cheap” imports from China. The job reductions, which will see 60 roles eliminated at the Ineos Acetyls site in Hull, have raised concerns about the sustainability of...

Published: 07 October 2025. The English Chronicle Desk. Jaguar Land Rover (JLR) has announced that it will begin a phased restart of its manufacturing operations on Wednesday, more than a month after the British automotive giant was forced to halt production due to a severe cyber-attack. The announcement comes as the company has been working tirelessly to restore its systems and stabilize operations, following the disruption that affected its factories...

Published: 07 October 2025. The English Chronicle Desk. The English Chronicle Online. A recent investigation by consumer watchdog Which? has revealed that shoppers using food delivery apps may be paying significantly more — in some cases, even double — for everyday supermarket essentials compared to purchasing directly in-store. The analysis, which focused on leading apps including Deliveroo, Just Eat, and Uber Eats, highlights a concerning trend for consumers increasingly relying...

Published: 06 October 2025. The English Chronicle Desk, English Chronicle Online The UK toy market is witnessing a remarkable revival as the cultural phenomenon of “newstalgia” continues to reshape consumer demand, with the iconic 1980s hero He-Man now poised to become the next big retro comeback. After recording a decline of nearly 4% in 2024, toy sales in Britain have rebounded strongly, climbing 8% so far this year. Industry analysts...

Published: 06 October 2025. The English Chronicle Desk, English Chronicle Online The UK government has unveiled proposals aimed at reducing the time it takes to complete a home purchase by approximately four weeks, offering much-needed relief to buyers navigating the often slow and complex property market. Under the new plans, ministers are considering a shift in responsibilities and costs from buyers to sellers, requiring sellers and estate agents to provide...

Published: 06 October 2025. The English Chronicle Desk, English Chronicle Online. Millions of households across England could soon face water bill increases higher than originally anticipated, as the country’s competition regulator prepares to deliver a preliminary verdict on industry spending proposals, potentially as early as this week. The decision comes amid heightened scrutiny over rising costs for consumers and mounting political attention on England’s water sector. A total of five...

Published: 05 October '2025. the English Chronicle Desk Media tycoon Richard Desmond is set to launch a high-stakes legal challenge against the Gambling Commission this week over the award of the National Lottery licence, a dispute that could cost taxpayers hundreds of millions of pounds. Desmond’s companies, Northern & Shell and The New Lottery Company (TNLC), are seeking up to £1.3bn in damages, alleging “manifest errors” in the complex process...