The sum of all fears: number-phobia is holding Britain back May 22, 2024 One in three people say numbers make them feel anxious. That’s damaging their financial well-being and the nation’s prospects for economic growth. So this National Numeracy Day, let’s celebrate numbers, says Bina Mehta For far too many people, the mere prospect of ‘doing maths’ evokes a sense of absolute dread. And while some might be [...]
JD Wetherspoon sales lift as budget chain ‘one of few winners’ amid economic crunch November 9, 2022 JD Wetherspoon posted buoyant sales for the first quarter, although it said demand had softened slightly in October. Shares dropped by as much as eight per cent, after the company admitted October trading had been slightly slower than expected. Like-for-like sales were 9.6 per cent higher than the same period last year, with the pub [...]
Nine in 10 Londoners struggle to pay the rent as cost of living onslaught eats up tenants’ budgets June 9, 2022 Rental cost increases are contributing to a strain on household finances for nearly nine in 10 tenants, with many facing further cutbacks should their household costs continue to increase. 86 per cent of all tenants confirmed the cost of living crisis is hitting them in their wallet, putting a further strain on Londoners’ household finances. [...]
Rise of the TW*Ts: TfL reveals tumble in Friday morning commuters, but night owls coming back to the capital January 24, 2023 Mondays and Fridays are the quietest days on London’s tube network in a sign that post-Covid hybrid working patterns are here to stay. Data published by Transport for London (TfL) showed a 13 per cent dip in passenger numbers on any given Monday between October and December 2022 compared to the rest of the week. [...]
Sharon White: Departing John Lewis boss calls for ‘cross-party’ effort to fix ailing high streets October 24, 2023 The 56-year-old former Ofcom boss, confessed that department store John Lewis is now 60 per cent online and 40 percent physical.
Staff left in the dark leads to ‘unengaged employees’ as half of all Brits want new job, warns Aspire chief July 28, 2022 Almost two thirds businesses have not communicated with their staff about the Russian invasion of Ukraine, according to research shared with City A.M. today. While a third of businesses have spoken to their employees about the invasion of Ukraine, almost half of these businesses have not yet outlined their plans with regard to whether they [...]
Iceland boss backs Labour as Starmer promises to protect ‘pound in your pocket’ January 29, 2024 Former Conservative donor and Iceland boss Richard Walker has thrown his support behind the Labour Party, calling it the “right choice” for businesses.
Cost of living crunch sinks teeth into Morrisons profit September 28, 2022 Morrisons has posted sliding sales after the retailer was recently knocked out of the Big Four by discounter rival Aldi. In financial results for the 13 weeks to 31 July, the group posted like-for-like sales, excluding fuel, down 3.1 per cent on the comparable period a year ago. The supermarket pointed to “unprecedented inflationary pressures” [...]
Swelling of ‘generation rent’ means many won’t be homeowners until 40s, 50s or even pension age June 8, 2022 Almost 15 per cent of renters think they may be picking up their pension before becoming homeowners, as the cost of living crisis continues to eat into savings. With so-called ‘Generation Rent’ continuing to be impacted by soaring house prices that prevents them from getting onto the property ladder, a new survey commissioned for NatWest [...]
Why the Bank of England may be wary of a growing UK economic recovery July 12, 2024 Debapratim De at Deloitte reckoned the Bank of England will be in "no hurry" to cut interest rates after this morning's GDP figures.