Brexit delivered £1,000 blow to every UK household, Bank of England rate setter Haskel claims February 13, 2023 The sharp reduction in business investment after Brexit has dealt a £1,000 blow to every UK household, a rate setter at the Bank of England has claimed. Speaking to The Overshoot, Jonathan Haskel, an external member of the monetary policy committee (MPC), said that the “productivity penalty” caused by a huge drop in capital spending [...]
Publishers’ digital revenue on way up despite despite inflationary pressure December 15, 2022 Digital revenue is on the way up as recruitment sites lead the way for online growth. A new report from the Association of Online Publishers (AOP) and Deloitte found total digital revenue for the third quarter of this year was up by 2.7 per cent from last year to £153.5m. Recruitment sites continued to see the strongest [...]
New car market increased 18 per cent last month to mark release of new number plates April 5, 2023 The UK’s new car market has grown for eight consecutive months, figures show. Some 287,825 new cars were registered last month, up 18.2 per cent on March 2022, the Society of Motor Manufacturers and Traders (SMMT) said. The increase was attributed to an easing of global supply chain shortages. Large fleets, which include vehicles owned [...]
Lidl boasts £10m sales growth after winning shoppers from M&S, Waitrose and Sainsbury’s February 7, 2023 The value retailer praised its fruit and veg range for the year on year increase – with its market share for vegetable shopping reaching a high of 10.2 per cent.
Windfall tax will hurt UK’s climate ambitions, oil boss warns May 4, 2023 The windfall tax will make the UK more reliant on carbon-intensive imports to meet its energy needs - warned the boss of Ithaca Energy.
Off-peak Fridays sound fun, but Londoners will end up footing the bill February 1, 2024 The mayor's reckless promise of lower fare Fridays is a sign of more disingenuous election politicking to come, writes John Oxley
The UK economy has defied gloomy expectations. Can this continue? July 25, 2024 The UK economy has surprised pundits again and again this year, growing at a much faster rate than almost anyone had expected.
Burberry’s fall out of the FTSE 100 is about much more than a challenging market August 30, 2024 Burberry is set to drop out of the FTSE 100 in its quarterly reshuffle, which will be based on market caps as of 2 September. It’s an unfortunate if not surprising turn of events for the UK’s only luxury fashion brand, which has seen its share price drop nearly 75 per cent in the last [...]
Jet2 recovers from covid and summer travel chaos with 730 per cent revenue boom November 24, 2022 Low cost leisure airline Jet2 had a whopping 730 per cent rise in revenue and booming profits of more than £350m as Brits flock on holiday post-pandemic. The listed firm announced strong half-year results up until the end of September, with profit before foreign exchange valuation up to £505m, following a £195m loss in 2021. [...]
Today at COP28: And breathe December 7, 2023 It’s the one and only day of rest at COP28 in Dubai today. A lot of the ‘big business’ aspects of the climate change transition have had their day on the schedule, with energy and industry, finance and trade being covered on the first three days of the summit. Ahead, there will be round-tables, conferences [...]