A new report by online bank Revolut shows that consumers on the Green Island "spend more, but remain cautious and are far from being extravagant." It was added that there are many indications that the domestic trade is "experiencing a boom" and can count on significant profits again.more
The leader of Britain's opposition Labour Party, Keir Starmer, announced today that if it wins the forthcoming election to the House of Commons, it will seek to significantly renegotiate the deal reached with the European Union on the terms of Brexit.more
The number of working pensioners is increasing in Germany. More than 56,000 more seniors are now working than at the end of last year. Left-wing politicians point out that for many this is not a voluntary decision, but a necessity "to survive another month" - reported the RedaktionsNetzwerk Deutschland (RND) website yesterday.more
The loss of duty-free shopping, according to independent designer Edeline Lee, who established her namesake brand in 2013 and creates all of her clothing in the UK, makes it more challenging for small British businesses to compete with their European competitors.more
The Nobel Foundation in Stockholm announced yesterday that it has increased the value of the Nobel Prize to a historic level - from 10 million to 11 million kroner (about 920,000 euros) in each of the six fields. The names of this year's Nobel Prize winners will be announced in early October.more
Employers have called for budget supports for firms that would struggle with a proposed €1.40-an-hour hike in the national minimum wage.
The Low Pay Commission has recommended a 12pc increase in the €11.30 hourly rate that would push it up to €12.70.more
Payments made with cash rose for the first time in a decade last year as consumers struggled with rising prices. But the number is still dwarfed by debit card use which accounted for half of all payments, its highest ever level.more
The Range has sealed a deal to buy Wilko’s brand, website and intellectual property after the high street chain tumbled into administration.
Wilko’s name will not disappear from high streets for good as a result of the deal, with The Range confirming that it will sell Wilko products “in-store”.more
The mileage of local roads in England being resurfaced or treated to avoid potholes has fallen to its lowest level in five years, research has shown.
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Pay packets are rising at a record rate despite rising unemployment and a marked cooling of the UK’s labour market, the latest official figures shows.
The Office for National Statistics said total earnings in the three months to July 2023 were 8.5% higher than in the same period a year earlier – the highest since modern records began in 2001 other than during the exceptional conditions of the panmore
Another 9,100 people who work for failed retailer Wilko will be made redundant, administrators confirmed on Monday after talks to save hundreds of shops fell apart.more
The collapse-risk concrete at the centre of a crisis in school buildings has been found in parliament.
The presence of reinforced autoclaved aerated concrete (Raac) poses no “immediate risk”, a parliamentary spokesperson said.more
The relentless influx of immigrants to New York City and the associated expenses could ruin the city, which is facing a $12 billion deficit. - warned New York Mayor Eric Adams.more
Farmers on the Islands have "serious difficulties" finding people willing to work in harvesting, the BBC reports. The public broadcaster reports that the problem is so serious that some farmers ask customers to collect purchased vegetables and fruit from the fields themselves - however, this option is difficult to implement for large agricultural companies.more
If the Unilever corporation really wants "a world with more joy," why does it continue to fill Vladimir Putin's arsenals, British 'The Observer' asked. As it notes, the taxes Unilever pays in Russia allow it to buy 39 cartridges every second, yet it brags about how ethical its products are.more
The average price of a square meter of an apartment in Warsaw rose by 6 percent in August compared to July, to PLN 15,000, according to BIG DATA RynekPierwotny.pl. It added that apartments from the popular segment are disappearing from the developers' offerings in the first place.more
The annual cost of funding the state pension risks surging by as much as £45bn within decades if the triple lock pledge is maintained, the Institute for Fiscal Studies (IFS) has warned.more
Royal Mail is seeking to axe Saturday letter deliveries after the regulator promised to review the postal service’s six-day week amid a scramble to cut costs.more
Moving up the social ladder in Britain has become harder than at any point in more than half a century for children born into poor households, according to the country’s foremost economic thinktank.more
The international financial system will soon face major shocks, partly due to persistent inflation, slowing economic growth and "historically high" global debt, Klaas Knot, head of the Dutch Central Bank (DNB), warned G20 leaders.more
UK workers’ living standards will flatline next year, leaving them on track to be 4% worse off heading into the next election than they were in 2019, according to a leading thinktank.more
