Crisis in Bangladesh shows that draconian regimes are always doomed to fail August 16, 2024 Repressive governments don’t just brutalise their people, they impoverish them too, writes Will Cooling
UK confidence in financial inclusion plummets despite strengthening economy August 15, 2024 People in the UK are feeling significantly less financially included than they used to be, City A.M. can reveal, as the pressure of the cost of living crisis continues to weigh on the public . The proportion of people who say they feel financially included in the UK has dropped to only 56 per cent [...]
One in three delay buying new home as high costs and interest rates bite August 14, 2024 The saga of first-time buyers trying to get on the UK housing ladder is long and well documented. High interest rates, rising costs and rents which swallow up more than a third of wages – in some parts of the country – have meant that around one in three people have delayed their purchase of [...]
Bowling and gyms the surprise winner as Brits look for affordable fun in sporting summer August 14, 2024 The cost-of-living crisis may have started to tail off slightly, but it hasn’t gone away completely, as Brits chose affordable attractions during the summer. Amusement parks, aquariums and gyms topped the list of activities as school break got into full swing during a bumper summer for sport, according to data from Revolut, which tracked the [...]
Degree of uncertainty: Are young entrepreneurs skipping higher education? August 14, 2024 Young entrepreneurs are skipping the traditional path of higher education in favour of starting their own businesses, new research has shown.
Selfridges’ new chief faces an uphill battle August 13, 2024 Selfridges’ new CEO, André Maeder, has his work cut out for him. The company has managed to survive the gruelling pandemic years – largely by cutting jobs and moving online – a tough cost-of-living crisis and an acquisition in 2022. But seasoned retailer Maeder, who was officially announced two weeks ago and starts in November, [...]
Work from home culture may damage the future of sport branding August 13, 2024 Has the phenomenon of working from home damaged the way sports brands can reach their audiences? Joe Langsworthy investigates. Sport in 2024 has never been more accessible. Yet watching our favourite pastimes live in stadiums, arenas and other venues remains out of reach to millions. Recently, Sir Lewis Hamilton condemned the rising prices of tickets [...]
John Lewis to make redundancies as major store changes announced August 13, 2024 Department store giant John Lewis is to cut more than 150 jobs as it unveiled a major restructuring plan to its partners. The company is to reduce its headcount by 153 roles, about one per cent of its current workforce, which it hopes to achieve by natural attrition and voluntary redundancies. The news was first [...]
Asda continues to lose market share while grocery inflation rises for first time since March 2023 August 13, 2024 Asda and the Co-op have continued to lose market share while a rise in grocery inflation has led to overall sales increasing significantly for Tesco, Sainsbury’s and Lidl. Take-home sales at the grocers rose by 3.8 per cent in the four weeks to August 4, 2024, compared with the same period a year ago, according [...]
Bonus cap: Bankers and nurses both work hard, but you shouldn’t compare their pay August 13, 2024 As UK banks start scrapping the bonus cap, Emma Revell argues why this is a good thing – and what the NHS could learn from it People hate bankers almost as much as they love the NHS. So unsurprisingly, the return of big bonuses to City pay packets is not without controversy. In what may [...]