BUSINESS LIVE: CPI flatlines at 6.7%; Barratt warns of 'uncertain' outlook; Whitbread profits soar

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07:42EVs set to become £3,400 more expensive due to new trade rulesIf you thought electric vehicles were expensive now, a post-Brexit trade rule set to be introduced in months will send the average price of a battery-powered car rocketing by an average of £3,400, the automotive industry body has warned.

Profits fell by 36 per cent to £1.54billion in the third quarter partly thanks to an ill-fated foray into consumer banking. Pound slumps as slowing wage growth hints at no further rate hikesSterling dipped by nearly a cent to as low as $1.2132 after the ONS said average earnings grew by 7.8% in the three months to August.This is MoneyBuyout firm CVC Capital Partners plots £12bn flotation The Luxembourg-based private equity firm, which was previously valued at £12billion, is preparing to announce its intention to float in the coming days.

'We think the Bank of England has done enough and will be led by external factors, such as the Federal Reserve, but they will not want to appear to be doing nothing, especially when inflation remains so high. 'This is a sign that the second wave of inflation is subsiding, but the third wave is ahead of us. The swiftly rising tensions in the Middle East are exacerbating the situation.

Dominic Paul, Whitbread CEO, said: 'The Group is in excellent shape, trading well and has significant growth potential, both in the UK and Germany.

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