Here are some of the top business stories making the national headlines.
Pay rises above inflation would be a terrible mistake, says Hunt
The chancellor has said it would be a “terrible mistake” to give pay rises above the rate of inflation, even though strikes are hitting the economy. Find out more via the BBC.
Banks ‘may need more liquidity buffers’ to cope with runs, governor warns
Speaking at an event in Washington DC, Andrew Bailey cautioned: “We can’t assume that, going forwards, the current answer on the total size of liquidity protection is the correct one.” Watch the video via Sky News, here.
Sterling hits 10-month high against dollar as US inflation pressures ease
The pound has climbed to a 10-month high against the US dollar, as signs build that inflationary pressures in America are easing. Find out more via the Guardian.
Tesco profits halve as customers cut costs
The Cost of Living crisis has hit mighty Tesco as profits halve from £2bn to £1bn for the year. Find out more via the Evening Standard.
