The UK is out of recession – but it’s far too soon to celebrate May 14, 2024 While the UK's exit from recession is welcome news, structural problems will continue to stymie economic growth for years to come if they are not addressed soon, Chris Dorrell writes
UK firms cut back on hiring as rising costs hit business optimism February 13, 2023 British firms have begun cutting back on hiring as services businesses suffered a hit from the UK’s cost-of-living crisis, new research from BDO shows. Hiring has fallen to its lowest levels since December 2021, following a sharp drop in business output over the previous year, data from BDO’s business trends report shows. UK business output [...]
Electric vehicle charging roll-out slowed by local authority delays, research shows July 31, 2023 The roll-out of electric vehicle charge points has been slowed by delays at the local authority level and is currently set to fall well short of government targets, new research has found. FOI data obtained by the law firm RPC shows 8,000 chargers were installed by local authorities in the UK over the last year, [...]
Rishi Sunak: 2030 petrol and diesel car sale ban is here to stay July 31, 2023 The 2030 ban on the sale of petrol and diesel vehicles will remain as a government policy, Prime Minister Rishi Sunak has said. Speaking on BBC Radio Scotland’s morning show, Rishi Sunak insisted a ban on “sale of new cars,” has been the policy “for a long time,” and “remains the government’s policy.” “I’m committed [...]
Mortgage chaos set to hit banks’ bottom line as demand dries up June 18, 2023 Chaos in the mortgage market is likely to lead to big changes in lending as banks seek to find ways to capitalise on rising interest rates, analysts suggest. Over the last few weeks, the mortgage market has been in turmoil after stubbornly high inflation raised the prospect of further rate hikes. “Mounting base interest rates, [...]
5 incredible bottles of champagne to pop at Christmas dinner November 29, 2023 This is the best wine and champagne to buy for Christmas
Retailers demand scrapping of ‘£2bn’ waste strategy policy amid fears it will increase consumer costs February 24, 2023 The UK’s largest retailers are urging the government to scrap its waste strategy policy, or risk forcing prices up for consumers who are already facing a cost of living crisis. A draft letter obtained by Sky News, which it is understood will be sent to government officials next week, outlines industry concerns about the costs [...]
Virgin Wines: Share price falls and major review announced after Christmas ‘challenges’ drink into profits March 14, 2023 Virgin Wines‘ share price tumbled this morning as the online wine bank reveals it is undertaking a full review after a shift in consumer confidence which knocked profits in the first quarter. Shares in the online wine retailer slumped 1.50 per cent when the market opened this morning as the group revealed its profits before [...]
Clintons: Card giant axes stores and hundreds of staff as it slips back into the red June 13, 2024 Gift card giant Clintons has fallen back into the red after laying off hundreds of staff and closing more than 50 UK stores, as its owners grapple with its customers' changing shopping habits.
It is the death of sustainability as merciless cost of living mayhem pushes UK firms into survival mode September 1, 2022 With the cost of living crisis predicted to continue for the foreseeable, nearly 8 in ten Brits are now worried about how the ongoing mayhem is going to negatively impact the environment. In fact, a third of all British business owners have dropped sustainability as a priority with just less than one in five still [...]