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The Guardian - UK
The Guardian - UK
Business
Graeme Wearden

Five-year mortgage rate hits 6% as savings lag behind; UK ‘only G7 member with rising inflation’ – as it happened

Sainsbury Inflation Simon Roberts CBI J Sainsbury
Housing in Liberton, Edinburgh.
Housing in Liberton, Edinburgh. Photograph: Murdo MacLeod/The Guardian

Closing post

Time to wrap up….. here are today’s main stories so far:

Morrisons is closing a fruit-packing plant in Bradford, putting 450 jobs at risk in the supermarket’s home city where it traces its roots back to 1899.

The debt-laden supermarket chain, which is battling to save costs after a takeover in October 2021 by the American private equity group Clayton Dubilier & Rice, said it was moving operations from the Cutler Heights area of the West Yorkshire city – its first ever fruit-packing plant – to another plant in Thrapston, Northamptonshire, and a distribution centre in Wakefield in the second part of this year.

Morrisons said that while the jobs in Bradford were at risk, about 400 roles would be created in Thrapston and Wakefield. More here….

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