Missguided fashion chain on the verge of collapse

A Missguided spokesperson said: “Missguided is aware of the action being taken by certain creditors of the company in recent days and is working urgently to address this. A process to identify a buyer with the required resources and platform for the business commenced in April and we expect to provide an update on progress of that process in the near future.”

Cost of living crisis: Sheerness cafe owner sleeps on shop floor to save money

Steve Jackson sleeps on the floor of the Jacksonwood Vintage Tea Rooms in Kent as he can’t always afford the petrol to get home – and regularly skips meals to help him pay the bills.

Since the cost of living crisis started earlier this year, Mr Jackson said he’s lost half of his trade.

Now down to his last £800 in savings, he said he can’t afford to heat his shop, has had to let two members of staff go and now fears he will have to close his small business within months.

He said: “There is no light at the end of the tunnel. I’ve done everything possible and can’t seem to make a living.”

The government has set out new measures to help people pay for energy bills, but they may be too late for people like Steve.

A government spokesperson said: “We understand that people are struggling with rising prices, and while we can’t shield everyone from the global challenges we face, we’re supporting British businesses to navigate the months ahead.”

Video Journalist: Stuart Maisner

Follow BBC South East on Facebook, on Twitter, and on Instagram. Send your story ideas to southeasttoday@bbc.co.uk.

Business confidence is falling, says Natwest boss

Three years after she took over the top role from Ross McEwan, and renamed Royal Bank of Scotland, or RBS, with the Natwest brand, Ms Rose said that the impact of inflation, higher interest rates and the invasion of Ukraine has caused a “concern” for business about “confidence to grow”.

Electric car rapid charging costs soar, says RAC

“While electric car drivers may not be immune from the rocketing price of wholesale energy – most notably gas, which in turn dictates the cost of electricity – there’s no doubt that charging an electric vehicle still represents excellent value for money compared to filling up a petrol or diesel car,” RAC fuel spokesman Simon Williams told the BBC.

McDonald’s defeats Carl Icahn in vote over pigs

But in a public letter last month the 86-year-old wrote: “At this point in my career, I consider it my responsibility to engage in constructive activism to help rectify glaring injustices perpetuated by many ineffective boards of directors and management teams leading America’s top public corporations.”