Business

A family-run fish and chop shop has collapsed into liquidation, blaming rising costs for the move. The hospitality industry has been hit by increased business rates and other costs right across the UK. Factors such as increased minimum wages and energy bills have led to the closure of many high street retail stores and hospitality venues across the country, and industry leaders have warned that hundreds more could close if the Government doesn't act soon. Fish and chip shops are among the businesses that have been struggling in recent years. Several have closed in the past couple of years, sparking fears for the economic health of seaside towns, where fish and chip shops have been a staple for generations. One of the latest hospitality businesses to go into liquidation due to rising ope...

People are being reminded of the upcoming deadline (Image: Getty)Claimants who are still receiving certain DWP payments should be aware of an approaching deadline that could strip them of their benefits unless they take action. Letters have been issued that clearly state what will happen if people ignore this major change.The number of people receiving so-called 'legacy benefits' is rapidly decreasing across the country as more switch to Universal Credit. People who have been receiving DWP payouts for discontinued benefits have been told to make the change since 2022, as part of a massive overhaul of the benefits system.All of these 'legacy' payments are due to end by March 31, 2026, leaving people with just over a month to prepare if they haven't already made the transition. The DWP pr...

Walser Wealth Management President Rebecca Walser reacts to more than three dozen states suing Meta alleging that Facebook and Instagram features are harmful to children on 'Making Money.' Meta CEO Mark Zuckerberg will testify Wednesday in Los Angeles Superior Court in a landmark trial over claims that social media platforms harm children — his first time answering youth safety allegations before a jury. The bellwether lawsuit, K.G.M. v. Meta Platforms, Inc., et al., was filed by a 20-year-old California woman identified by her initials. She alleges that Meta and other social media companies engineered their platforms to hook young users, fueling her depression and suicidal thoughts, and is seeking to hold the companies accountable.Meta’s Instagram and Google’s YouTube deny the all...

Fans of a British beer brand have expressed their disappointment after it was pulled from supermarket shelves. The range of pale ales, IPAs and stouts was sold at Asda and Aldi, as well as in smaller and independent alcohol retailers. However, after the brewery went bust, supply to UK supermarkets has been paused. Overtone Brewing Co., based in Scotland, announced it entered liquidation last week. The company became known for its unique craft beers, packaged in eye-catching designs. The brand is set to be taken over by a new owner, but it has paused beer supply to supermarkets and smaller shops for the time being. A notice was published in The Gazette on Tuesday, revealing that liquidators were appointed on February 13. George Dylan Lafferty, an insolvency practitioner of Begbies Trayno...

More than 150,000 Brits with disabilities will receive an extra £400 a year to help with living costs, the Government has announced. It follows ministers confirming a 7% increase in the Minimum Income Guarantee for adults receiving social care. The MIG applies to people who receive social care or other support provided by a local authority, other than in a care home. Despite being essential, some people have to pay for some or all of their social care out of their disability benefits. Campaigners say the amount taken can leave those impacted with precious little for anything else, including food, clothes, energy and water bills, insurance and such like. Combined with years when the minimum did not go up with inflation, and they say it left many in “real hardship.” Under the Care Act 201...

Most economists had forecast inflation would fall back sharply (Image: Getty)Inflation has fallen back to 3% in a boost to hopes of an interest rate cut. Most economists were forecasting Office for National Statistics (ONS) data to show Consumer Prices Index (CPI) inflation fell back sharply to 3% in January from 3.4% in December. The figure released on Wednesday (February 18) is likely to reinforce expectations of another interest rate cut from the Bank of England, possibly as soon as next month.ONS Chief Economist Grant Fitzner said: "Inflation fell markedly in January to its lowest annual rate since March last year, driven partly by a decrease in petrol prices. Airfares were another downward driver this month with prices dropping back following the increase in December. Lower food pr...

Check out whats clicking on FoxBusiness.com. Red Lobster is considering closing more locations as it continues to reevaluate its restaurant footprint in the wake of its 2024 bankruptcy. The seafood chain shuttered roughly 130 restaurants when it went through the bankruptcy process and Red Lobster CEO Damola Adamolekun told The Wall Street Journal in an interview that the company is continuing to review its locations and leases as it considers ways to curb costs.Adamolekun said in the interview that visits have risen, with sales up about 10% from last year, but they haven't recovered to pre-bankruptcy levels and many of the chain's locations need upgrades. "There's a lot of positive signs, but we inherited a very damaged brand, so there's still work to do to repair all of that," he ...

Chancellor Rachel Reeves said she knew how to run an economy. All she’s done is run it into the ground. Growth has stalled, debt has climbed and confidence is draining away. Companies are closing, jobs are disappearing and benefit claims are rising fast. It's a disaster. But nothing that Angela Rayner can't make worse.A few months after the election, I hailed Reeves, Rayner and Ed Miliband the UK’s economic suicide squad, dedicated to bringing Britain to its knees. They inherited an economy that was finally showing some long-awaited green shoots of recovery and throttled it. They have made countless mistakes, but the worst was Reeves’ £26billion hike in employer National Insurance, a straight tax on jobs. It has squeezed profits, deterred hiring and destroyed livelihoods.Reeves repeated...

FOX Business' Grady Trimble has the details from inside an autonomous robotaxi on 'Varney & Co.' Tesla will avoid a 30-day suspension of its dealer and manufacturer licenses in California after complying with a state order to stop using the term "autopilot" when marketing its vehicles, state regulators said Tuesday. The decision comes after the California Department of Motor Vehicles (DMV) found in December 2025 that Tesla violated state law by misleadingly marketing its electric vehicles with the terms "autopilot" and "full self-driving."The regulator said Tuesday that Elon Musk’s electric vehicle company took "corrective action" and had stopped using the term "autopilot," and noted that Tesla already modified its use of the term "full self-driving" by clarifying that driver s...

Attendance Allowance is designed to help older people with their care needs. (Image: Getty)More than one million pensioners could be missing out on a £441 monthly boost from the Department for Work and Pensions (DWP), despite living with health conditions that mean they qualify for extra support. Attendance Allowance, designed to help older people with their care needs, is set to rise again in April, yet billions of pounds could be going unclaimed. More than 1.7million people aged 66 and over are currently receiving the payment, but many more could qualify. Research by Policy in Practice suggests that up to 1.1million pensioners were not claiming support in 2023, leaving an estimated £5.2billion unpaid. Experts believe a lack of awareness is the key reason behind the shortfall.Caroline ...