Got a TV Licence?

You need one to watch live TV on any channel or device, and BBC programmes on iPlayer. It’s the law.

Find out more
I don’t have a TV Licence.

Summary

  1. Get in touch: bizlivepage@bbc.co.uk
  2. Dollar and Dow Jones end the day lower
  3. Actress paying the Queen paid less than Prince Philip
  4. Government floats idea of abolishing 1p and 2p coins
  5. Chancellor signals stronger growth in Spring Statement
  6. OBR revises 2018 GDP forecast upwards, from 1.4% to 1.5%
  7. Government borrowing expected to decrease
  8. Inflation predicted to fall 'back to target' by 2019
  9. Labour warns of further austerity

Live Reporting

By Lucy Hooker

All times stated are UK

  1. Post update

    It's goodnight from the Live Page. We return at 6am. Hope you can join us.

  2. Adidas plans bumper buy-back

    Adidas shoe

    The German sportswear brand Adidas is planning to buy back up to €3bn ($3.72bn) of its shares over the next three years.

    That represents nearly 9% of its share capital, the firm said.

    It will finance the buyback mostly with current net cash and through its expected strong cash flow in coming years the firm said.

    Adidas is reporting fourth-quarter results on Wednesday and it's expected to show a pick-up in profits.

    It undertook a previous €1.5bn shareback in 2014, when the company was trying to placate angry investors after a string of profit warnings.

  3. Trump aide 'escorted out of White House'

    McEntee
    Image caption: Mr McEntee (left) had been Mr Trump's personal assistant throughout his campaign and presidency

    John McEntee was fired amid an inquiry over alleged financial crimes, reports say.

    Trump aide 'escorted out of White House'

    McEntee

    John McEntee was fired amid an inquiry over alleged financial crimes, reports say.

    Read more
    next
  4. Heavy cost of metal tariffs

    Steam is emitted from U.S. Steel Clairton Works, March 11, 2018 in Clairton, Pennsylvania.

    The US could lose an estimated 18 jobs for every one gained as a result of planned steel and aluminium tariffs.

    The figure comes from Trade Partnership Worldwide, a Washington think tank, which examined the potential cost of retaliation on industries such as agriculture.

    Including retaliation, the firm forecasts that the tariffs could lead to a net loss of 470,000 jobs.

    Previously, the firm estimated that the tariffs could lead to a net loss of about 146,000 jobs in the US.

  5. US markets fall

    chart of Dow Jones day activity

    There was plenty of news for US investors to digest.

    It didn't all go down well. In particular news of Rex Tillerson's departure as Secretary of State and his replacement with Mike Pompeo whose views are closer to President Trump's on matters such as the Iran nuclear deal.

    At the end of the trading day in the US the Dow Jones Index was 0.68% or 172 points lower at 25,006.68.

    The broader S&P 500 fell 0.64% or 17 points to 2,765.31.

    The Nasdaq ended the day 1.02% down or 77 points lower at 7,511.01.

    The dollar fell against most currencies but gained marginally against the yen, rising 0.1% to 106.51.

  6. New boss for Vice

    Shane Smith
    Image caption: Shane Smith, co-founder of Vice, is moving aside

    Vice Media, where executives last year apologised for creating a "boys club" culture, will be led by a woman.

    Vice co-founder Shane Smith is stepping down as chief executive. He will be replaced by Nancy Dubuc, who most recently led A&E Networks.

    Mr Smith will remain with the company as executive chairman.

    Vice last year was the subject of a New York Times investigation about sexual harassment. The company has also missed key financial targets.

  7. The plot thickens

    Matt Smith

    The justification for paying actors different amounts largely boils down to how high profile the actor is and Matt Smith's turn as the eleventh Doctor Who made him a bit of a box office draw.

    But in part it's also down to how much they've earned on previous projects. It's something Vanity Fair looked into recently.

    Now though there's a new law in California banning employers from asking potential employees about their previous levels of pay in an effort to close the gender-wage gap.

    Tune in to see how that resolves.

  8. Pushing for a tough line on Russia

    As we wait to see what measures the UK government opts for in response to the poisoning in Salisbury last weekend, critics of Russia are pushing for them to take a tough stance.

    Foremost among them is American financier Bill Browder, who ran a business in Russia for ten years but fell foul of the authorities.

    He's been speaking to BBC World Service.

    View more on twitter
  9. Dollar falls on Tillerson departure

    Rex Tillerson's replacement as Secretary of State is being blamed for a slide in the dollar today.

    The dollar's fallen 0.4 cents against the euro- a fall of 0.51%. One dollar buys 0.8065 euros.

    It fell a similar amount against sterling to £0.7156.

  10. A pay rise for the Queen

    The Queen shot from the Crown

    Claire Foy was paid an estimated $40,000 per episode for playing Queen Elizabeth. But Matt Smith was paid more as Prince Philip. The Crown isn't a series produced on a shoestring budget.

    It had a budget of $7m per episode, according to Vanity Fair.

    We don't know how much of a pay rise "the Queen" will see, now they've been called out over the discrepancy.

    But it won't be Foy who benefits.

    Because the upcoming third series jumps forward in time to the 1970s they're casting a slightly older actor to play the Queen: Olivia Coleman.

  11. The OBR looks on the bright side of bankruptcy

    A zombie businessman

    A Tigger moment you might have missed from the OBR forecast.

    Explaining why there might be increases in productivity over the next five years, it cites the expected rise in interest rates.

    Why do higher interest rates boost productivity?

    Because they will force the less productive firms, which the OBR calls "zombie firms", out of business.

    That's cheerful isn't it?

  12. We are not amused

    Shot from The Crown

    It turns out the Queen could do with a pay rise.

    Well, the actress who plays the Queen in Netflix's popular series The Crown at any rate.

    Variety Magazine has just discovered that Claire Foy was paid less than her co-star Matt Smith (playing Prince Philip).

    “The producers acknowledged that [Smith] did make more due to his Doctor Who fame, but that they would rectify that for the future,”Variety reported.

    “Going forward, no one gets paid more than the Queen,” creative director Suzanne Mackie said.

  13. Is Larry Kudlow next in line?

    US conservative commentator and economic analyst Larry Kudlow speaks on the set of CNBC at the closing bell of the Dow Industrial Average at the New York Stock Exchange on March 8, 2018 in New York.
    Image caption: CNBC contributor Larry Kudlow

    President Trump has told reporters Larry Kudlow has "a very good chance" at becoming the next head of his National Economic Council, the position just vacated by Gary Cohn.

    Mr Kudlow - a contributor on the CNBC business channel - has acted as an informal adviser to Mr Trump during the election campaign.

    He is a more orthodox Republican than the president; like Cohn he opposed recent steel and aluminium tariffs.

    But Mr Trump says he can overlook this.

    "Larry has been a friend of mine for a long time," he told reporters on Tuesday. "He backed me very early in the campaign; I think the earliest."

  14. Taking care of the pennies

    Can this be right?

    The government's paper which is looking at whether to scrap 1p and 2p coins says: "Surveys suggest that six in ten 1p and 2p coins are used in a transaction once before they leave the cash cycle.

    "They are either saved, or in 8 per cent of cases are thrown away."

    Probably not even into the recycling.

    And then you've got to keep minting more to replace them.

    View more on twitter
  15. Greencore falls 30%

    wraps from Greencore

    One big loser on Tuesday was Greencore, the Irish food-to-go supplier.

    It flagged up a weak performance in the US and said profits would be lower than expected.

    Its shares fell 30%.

  16. FTSE closes lower

    FTSE share graph for Tuesday

    The FTSE 100 share index fell 1.05% on Tuesday, that's a fall of 76 points, to 7,138.78.

    The pound was up 0.008 pence or 0.55% against he dollar at $1.3982.

    And against the euro it was almost unchanged at €1.1277,

    The pound's gain against the dollar was as much to do with news of Rex Tillerson's departure from the White House as the Spring Statement analysts said.

  17. Co-op copes with IT problem

    View more on twitter

    A Co-op spokesperson says the depot is now fully operational "and we’re working hard to get products into stores as quickly as possible.”​