John Lewis launches cut-price fashion range September 7, 2021 Retailer John Lewis has announced it will launch a budget fashion range under its Anyday brand, as UK shoppers continued to be lured to fast-fashion online retailers. The company is expanding its line of affordable homeware and technology products to include menswear, womenswear and children’s fashion next week. Around 700 new clothing products – some [...]
Budget delay hinted at as Rishi Sunak fails to name day July 30, 2021 Chancellor Rishi Sunak has sparked speculation of delays to the budget, after failing to announce a date when publishing new forecasts, as is normally expected. Sunak said he had instructed the Office for Budget Responsibility (OBR) to prepare to present an economic and fiscal forecast to parliament on October 27, according to reports. The forecast [...]
Sunak eyes budget delay to next year July 16, 2021 Chancellor Rishi Sunak could delay the budget until next year to allow him to assess more timely data on the economic impact of ending business support schemes. The news was first reported by The Guardian, which said officials have reportedly told Sunak waiting until the end of spring 2022 may provide him with more time [...]
Yellen: Global corporate tax reform unlikely until 2022 July 11, 2021 US Treasury secretary Janet Yellen has warned that recently-agreed reforms to corporate tax rules that will ensure major companies pay tax in more countries may not be ready until next year. Speaking after a G20 finance leaders meeting in Venice today, Yellen said the OECD’s re-allocation of taxing rights was on a “slightly slower track” [...]
Queen’s Birthday Honours: the full 2021 list June 12, 2021 Below the full list of names for this year ORDER OF THE BRITISH EMPIRE Knights Grand Cross of the Order of the British Empire (GBE) The Rt. Hon. Frederick Richard Penn Curzon, The Earl Howe. For political and parliamentary service. (Amersham, Buckinghamshire) ORDER OF THE BATH Knights Commander of the Order of the Bath (KCB) [...]
The Teesside Freeport. What’s a freeport? May 27, 2021 In the spring 2021 budget, the UK announced the formation of 10 freeports. The purpose being to stimulate economic growth. Here we look at and define the Teesside freeport. The largest in the UK.
Manufacturing optimism at highest levels in nearly 50 years April 22, 2021 UK manufacturers’ hopes for an economic rebound rose to their highest levels in nearly half a century this month as Britain slowly began its exit from Covid-19 lockdowns. According to the latest CBI quarterly Industrial Trends survey, its quarterly business optimism gauge jumped to +38, its highest level since April 1973. In January, amid the [...]
Young people hit disproportionately by Covid jobs crisis April 20, 2021 Those aged under 35 disproportionately lost their jobs as a result of the coronavirus pandemic, as sectors like hospitality and retail were hit particularly hard by the crisis. In the year to March, nearly 635,000 under-35s saw payroll job losses in the UK, making up 80 per cent of the total payroll jobs lost during [...]
London businesses demand return of the Night Tube amid delay until 2022 April 15, 2021 London businesses have demanded the resumption of the Night Tube after Transport for London (TfL) said earlier this week the service will not return until at least 2022. Andy Byford, the transport commissioner for London, said the capital’s struggling transport body lacked the resources to reinstate all-night Friday and Saturday services on the Victoria, Jubilee, Central, Northern, [...]
How to Navigate restaurant wine lists post-lockdown April 11, 2021 It’s happening. Things are shifting. Spring is in the air and soon restaurant terraces will be open for business and shortly after that (please oh please) inside restaurants too. I am among the thousands who are chomping at the bit to see friends and loved ones over a plate of linguine and a nice glass of [...]