Inflation reaches two year high, as economists warn that the days of cheap food are over November 14, 2016 Inflation is set to reach a two-year high of 1.2 per cent this week, as consumers feel the effect of rising food costs and the weaker pound. Economists have predicted that inflation will continue to trend up over the next year, above the two per cent target set by the Bank of England. In fact, [...]
The UK’s tech entrepreneurs have finally recovered from the Brexit shock January 9, 2017 It looks like the UK's tech entrepreneurs have finally recovered from the shock result of the referendum in which they overwhelmingly supported remaining in the European Union. Just under half (49 per cent) of the more than 2,000 people working in tech and digital, including founders and chief executives, surveyed by Tech City UK are positive [...]
National living wage pushes tens of thousands of companies into financial distress October 11, 2016 Nearly 100,000 businesses have been pushed into financial distress due to the introduction of the national living wage six months ago. According to data from insolvency firm Begbies Traynor, 97,342 firms impacted by the introduction of the national living wage are now struggling financially, an increase of 23 per cent since the legislation came into [...]
National living wage pushes nurseries towards insolvency August 30, 2016 The national living wage has contributed to almost doubled the number of school nurseries falling into insolvency in the last year according to research released today. Accountancy firm Moore Stephens said that 29 nurseries had become insolvent in the year to March 2016, compared to 16 the year before. “The introduction of the national living wage has [...]
Mitchells & Butlers reports a drop in annual profits citing cost pressures and competition November 22, 2016 Pub and restaurant operator Mitchells & Butlers announced a drop in like-for-like sales as annual profits fell by more than a quarter for the year ended 24 September. The figures Like-for-like sales were down on the whole by 0.8 per cent, but the company is progressing toward growth with a rise of 0.5 per cent the last eight weeks' sales. Like-for-like food volumes [...]
Aerobike X-Ride review: This affordable e-bike puts in a decent performance December 2, 2016 Electric bikes still feel like an insane kind of magic. Start to pedal and an intelligent motor in the wheel hub kicks in to help you accelerate, zooming you up to an EU-mandated speed limit of 15mph. The sensation is similar to being pushed along by your dad, except now your dad is invisible and [...]
Experts say wages could fall in real terms next year, as firms slow investment ahead of Brexit November 14, 2016 British workers are set to see their take home pay fall next year, while employment growth could also slow, according to new statistics. The latest analysis by the Chartered Institute for Personnel and Development also found that few employers back a “hard Brexit”, taking the UK out of the Single Market. Wages are expected fall [...]
The new space race: Private companies are getting into the business of space travel – and it could produce the world’s first trillionaire May 30, 2017 Five-minutes’ drive from Kennedy Space Center, among the marshes and pine trees of Merritt Island Wildlife Reserve, lies Shuttles Restaurant & Bar. On the back wall is a massive photograph of the Space Shuttle Atlantis, soaring into space on the back of an orange fuel tank. Bolted to its side are two white rockets, spouting [...]
Businesses can no longer opt out of the conservative-liberal left culture wars December 9, 2016 Culture wars are raging in Britain and America and businesses are stuck uncomfortably in the middle. Executives have just witnessed many of their customers vote to leave the EU and reject large-scale immigration. They have witnessed a victory for Donald Trump. But they are also hearing a loud liberal backlash against both – amid concern [...]
Young women are much more likely to be insolvent than young men October 17, 2016 Higher expenses are contributing to a far higher insolvency rate among young women than young men. According to accountancy firm Moore Stephens, women accounted for 65 per cent of personal insolvencies among the under-25s in the last year and 53 per cent of those among 25-34 year-olds. Read more: What does a gender pay gap [...]