Surging housing costs push inflation back above Bank of England target Economics Inflation has risen back above the Bank of England’s two per cent target, the latest data has shown today. According to the latest figures from the Office for National Statistics (ONS) consumer price inflation (CPI) hit 2.3 per cent in October. The figure came in above economists projections. Economists had forecast CPI to come in [...]
What Trump 2.0 means for the tax bills of UK businesses Opinion Tariffs, investment and deglobalisation: KPMG tax expert Tim Sarson takes us through what Trump's second presidency means for UK businesses.
The Range owner confident of sales success but Homebase rescuer struggles to return to profit Retail The owner of The Range has forecasted a continued rise in its sales as it carries on taking advantage of “high profile retail casualties” after rescuing Wilko and Homebase. CDS (Superstores International) hit the headlines again recently when it snapped up part of strike DIY chain Homebase out of administration. The move came after the [...]
Cyber attack dents profit at Arnold Clark as sales near £5bn November 19, 2024 Sales at car dealership giant Arnold Clark edged closer to the £5bn mark but the aftermath of a cyber attack and rising costs contributing to a significant cut to its profit. The Glasgow-headquartered group has reported a revenue of £4.96bn for 2023, newly-filed accounts with Companies House have revealed. The latest total comes after Arnold [...]
The Notebook: No state visit for President Trump? What a mistake November 19, 2024 If we know anything about Trump, it's that he likes a bit of show business. Not inviting him for a 2025 state visit is a big mistake, writes Michael Martins.
Pressure on incomes helps B&M grow as value retailer targets 1,200 stores November 14, 2024 Value retailer B&M Bargains has posted a tick-up in revenue as demand for bargain goods has remained high amid pressure on incomes and a higher tax burden. The Liverpool-based group, which included Heron Foods, said group revenue in the half year to 28 September increased by 3.7 per cent to £2.6bn. While this is lower than growth last [...]
UK set for buy-now pay-later revolution, says Clearpay’s Nick Molnar November 14, 2024 Molnar tells City AM the future is limitless for the buy-now pay-later juggernaut he founded with then-neighbour Anthony Eisen in 2014.
Employer National Insurance hike a ‘significant burden’ and will impact working people, warns Thwaites November 12, 2024 The hike in employer National Insurance contribution (NICs), which was revealed by Chancellor Rachel Reeves in her Budget, will place a “significant burden” on historic brewer, pub and hotel owner, Daniel Thwaites, the company has said. The Lancashire-headquartered group added that the increase, together with the rise in the National Living Wage, “make it less [...]
Business Budget backlash builds as hospitality giants write to Chancellor November 11, 2024 The government is under increasing pressure to revisit its hikes to employer national insurance contributions and the minimum wage after a number of the UK’s largest employers voiced concerns about the impact of the changes on their costs and operations. Over 200 of the UK’s biggest hospitality businesses signed a letter to the Chancellor yesterday [...]
Protective services sector leads London job growth November 8, 2024 Police and emergency services are among the sectors in London that have shown the most growth over the past five years, according to a study. Protective service occupations in the capital saw 12.3 percent total real growth since 2019, research by venture capital group Oxford Capital found. These jobs reported a total real growth of [...]