Firms must choose between Russia and West, says US
Craig TaylorWally Adeyemo, a top US politician, says the West is committed to issuing more sanctions on Russia. BBC News – Business
Business
Government no longer majority owner of NatWest
The Treasury sells £1.2bn of shares back to NatWest Group after it bailed out the bank in 2008. BBC News – Business
‘Fraudsters stole everything, even my house’
Pensioner Graeme Stagg says that fraudsters destroyed his life by taking everything. BBC News – Business
PM backs calls for P&O Ferries boss Peter Hebblethwaite to resign
Boris Johnson backs Grant Shapps’ call for Peter Hebblethwaite to quit after not consulting on sackings. BBC News – Business
People face biggest drop in living standards since 1956
Wages will lag soaring prices meaning the biggest drop in standards since 1956, says the OBR. BBC News – Business
P&O Ferries set to ‘pay out £36.5m in severance’
Ferry operator shares details of redundancy packages which include 40 seafarers getting £100,000 each. BBC News – Business