Chancellor Philip Hammond says ending austerity will not mean spending splurge April 5, 2019 Chancellor Philip Hammond has fired back over criticisms of the autumn Budget, saying that ending austerity should not mean increased spending in every government department. Read more: Hammond has the cash to end austerity, IFS says Hammond today said bringing an end to austerity was “also about delivering wage growth and leaving more in people’s [...]
Superdry urges investors to vote against founder Julian Dunkerton’s return March 11, 2019 Superdry will hold a shareholder meeting on 2 April to vote on the reinstatement of Julian Dunkerton after months of rising tensions between the founder and the board. The fashion retailer confirmed the meeting in a circular sent to shareholders this morning, but urged them to vote against the reappointment of Dunkerton. Read more: Hundreds of [...]
British Airways’ IT glitch rounds off a terrible week for the airline August 7, 2019 British Airways has tonight fixed the IT glitch that led to hundreds of cancelled flights earlier today, but industry experts say the damage to its reputation has already been done. About 117 flights were cancelled at Heathrow and 10 at Gatwick, with hundreds more delayed, leading to frustrated and stranded passengers. Read more: British Airways [...]
What the Autumn Statement meant for SMEs November 24, 2016 This year's Autumn Statement saw the chancellor announce a mild loosening of the public finances in order to invest in closing the productivity gap between Britain and other developed nations. Against a backdrop of slower growth in 2017 and 2018, Philip Hammond’s measures focused on housing and infrastructure, and the allocation of funding towards innovative [...]
Autumn Statement 2016 will be the UK’s last November 23, 2016 The Autumn Statement is being abolished, chancellor Philip Hammond said today. "This is my first Autumn Statement and it will also be my last," he told MPs in the House of Commons today. He is introducing a Spring Statement, and an Autumn Budget instead. Hammond said he would not introduce significant economic and financial changes [...]
FTSE 100 loses more than £200bn after worst week since 2008 as coronavirus fears grip global markets February 28, 2020 The FTSE 100 has shed a reported £206bn after suffering its worst week since the 2008 financial crisis as new cases of coronavirus pummelled global stock markets. London’s blue-chip index closed at 3.18 per cent down for the day to end a dire week for listed companies who have issued warnings on the coronavirus outbreak. [...]
Autumn Budget 2017: Reactions to the chancellor’s statement from business groups and experts November 22, 2017 THE BUSINESS GROUP Carolyn Fairbairn, Confederation of British Industry (CBI) director-general “Against a sombre economic backdrop, the Chancellor today gripped the steering wheel on the UK economy. This is a budget that balances support for people on squeezed incomes with vital action to help grow the UK out of austerity. But delivery is everything.” She [...]
The biggest Autumn Statement announcements that got Twitter talking November 23, 2016 It was Brexit, Brexit and more Brexit that got Twitter talking during the chancellor's first ever Autumn Statement. The subject accounted for a quarter of all Twitter chatter related to Philip Hammond's speech, according to social monitoring firm Brandwatch. Read more: Here's where the Autumn Statement will hit your wallet That was followed by housebuilding, signalling [...]
Here are the winners and losers from today’s Autumn Statement November 23, 2016 It's been a rough day for the UK's economic forecasts, but the revelations from chancellor Philip Hammond's first Autumn Statement weren't all bad. Here are some of the biggest winners and losers from the speech: Winners Companies will be cheering after Hammond confirmed that he will be cutting corporation tax to 17 per cent by 2020. [...]