The UK's annual inflation rate in August was 3.2%, the highest level in more than nine years, and the increase compared to July is the largest in almost a quarter of a century, the National Statistics Office (ONS) reported.more
Higher national insurance payments will leave low-paid frontline workers potentially more than £1,000 a year worse off, while also depriving firms of the cash needed to invest, according to the latest analyses.more
The British supermarket chain Marks & Spencer has branded the EU’s Brexit border controls “pointless bureaucracy” as the UK government considers delaying checks on food imports amid fears of mounting pressure on supermarket supplies in the run-up to Christmas.more
There is strong evidence that British American Tobacco (BAT) has paid a bribe to former Zimbabwean leader Robert Mugabe, according to a journalistic investigation, the results of which will be presented on Monday on BBC Panorama.more
The boss of budget airline Ryanair has warned holiday prices are likely to rise sharply next year as consumer demand for travel rebounds.
Michael O'Leary told The Sunday Times fewer flights, inflation and more taxes would drive airfares up.more
The IT industry has a greater lobbying power than the pharmaceutical, financial or fossil fuels sectors, spending over EUR 97 million annually to influence decision-making in the European Union, according to a report by the Corporate Europe Observatory and LobbyControl, reported by the Brussels portal EUobserver.more
Fewer small and medium-sized enterprises complaining of lower turnover than before the pandemic; the biggest change for the better was recorded by service and trade companies - according to a study for the BIG InfoMonitor Debtors Register.more
The UK economy grew by just 0.1% in July as the last Covid restrictions were lifted in England. It was the economy's sixth consecutive month of growth, but the increase was much lower than in the previous month, which saw 1% growth.more
Nightlife industry chiefs have warned of “very difficult times ahead” for London’s night time economy as the capital faces a “catastrophic” shortage of door staff.more
Inhabitants of Alaska, followed by North Dakota and Nebraska, are among the hardest working people in America. At the bottom of the list are New York, West Virginia and, lastly, New Mexico, according to a study by WalletHub.more
Private rents outside London are rising at their fastest rate for 13 years, research suggests, as tenants making plans for life post-pandemic compete for properties.more
The new tax announced by Prime Minister Boris Johnson to finance health and social services will cause the tax burden in Great Britain to increase to the highest level in years just after World War II, reports the British press.more
A high street worth of shops closed down every 24 hours in the first half of 2021.
Almost 50 chain stores were permanently shuttered on a daily basis as big brands found themselves on the wrong side of pandemic-era changes in shopping habits.more