Households are facing a continued squeeze on their spending power after a leading forecaster warned that high inflation was here to stay.

Irish airline Ryanair has unveiled a 13 per cent jump in annual profits but said the recession across much of Europe will dampen growth this year.

Big name chain failures push up shopping centre and retail park store closures, with almost one-in-eight UK shopfronts now empty. 9:39am UK, Monday 20 May 2013.

Marks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe - with one describing its sales operation as similar to that of the internet retail giant Amazon.

Some of Britain's most successful and eminent business leaders have accused Eurosceptic MPs of putting �politics before economics� and abandoning the national interest in their calls for Britain to leave the European Union.