Breaking: Bank of England holds rates at 0.1 per cent despite rising inflation Breaking: Bank of England holds rates at 0.1 per cent despite inflation hik The Bank of England has held the interest rate at 0.1 per cent despite fears of runaway inflation. The Monetary Policy Committee voted 7-2 in favour of the move. This is a breaking story and will be updated.
ONS: Firms increasingly hiking prices as supply chain crisis bites ONS: Firms increasingly hiking prices as supply chain crisis bites Nearly two-fifths of UK firms reported higher costs across their supply chains in new official data, with many passing on the increase to consumers. New ONS data has seen a significant increase in the number of firms putting up prices, from 4 per cent at the start of the year to 15 per cent in [...]
New data: Only 3 per cent of furloughed workers made redundant as scheme comes to an end New: Only 3 per cent of furloughed workers made redundant as scheme en Only 3 per cent of those workers still on furlough as the scheme came to an end were made permanently redundant, according to new official statistics. The furlough scheme came to an end at the start of October, with 16 per cent of businesses still actively using it. Two-thirds of those still on the scheme [...]
Seller’s market: Brits plot job changes amid staff shortages November 1, 2021 More than a quarter of UK employees expect to move jobs within the next six months as skilled staff look to cash in on unprecedented staff shortages. A new survey of more than 6,000 adults suggests that almost seven in ten employees would feel confident looking for a new job in the next couple of [...]
Fraud convictions on the up as post-Covid-19 crackdown begins November 1, 2021 An increase in post-Covid-19 fraud checks by the Insolvency Service has seen the number of company directors convicted of fraud spike, according to new research. The number of directors convicted of criminal activity has increased to 122 in the year to the end of September, a 205 per cent hike on 2020 levels. Mazars, the [...]
Exclusive: LSE signs partnership with investing platform The Growth Stage October 27, 2021 The London Stock Exchange has signed a partnership deal with investing platform The Growth Stage which will bring together private and institutional investors and high-growth, scaling firms. The Growth Stage operates behind a paywall and offers investors the chance to screen growing firms for opportunities, whilst being given clear transparent detail on when firms are [...]
MP Sir David Amess ‘stabbed’ at constituency surgery October 15, 2021 Sir David Amess MP has been stabbed during a constituency surgery in Essex with the attacker arrested at the scene by police. Amess, 69, the Conservative representative of Southend West, was attacked by a man who walked into his constituency surgery and stabbed him several times. Treatment was first given at the scene with an [...]
Caymans link won’t stop Morrisons paying UK taxes, says Leahy October 14, 2021 MORRISONS will pay its taxes in the UK despite the incoming private equity owners using a Cayman Islands firm to operate the business, according to retail giant Sir Terry Leahy. MPs had questioned the arrangement behind the successful Clayton, Dubilier & Rice (CD&R) takeover of the supermarket, sealed in an auction recently, which will see [...]
Peace in our swine: EU takes sizzle out of sausage wars October 14, 2021 THE European Union yesterday offered concessions on the implementation of the Northern Irish protocol which are expected to bring to an end the first post-Brexit diplomatic squabble between the bloc and the UK. On Tuesday, UK Brexit minister David Frost demanded wholesale reform of a pact which effectively creates an Irish sea trade border between [...]
Brussels rule could see airfares spike, warns Willie Walsh October 13, 2021 An EU-plan requiring carriers to use a higher proportion of so-called sustainable aviation fuel will permanently bump up flight costs for passengers, the former IAG boss Willie Walsh has warned. The controversial aviation titan, who now heads up the industry’s global lobbyist the International Air Transport Association, said the move to mandate biofuels was completely [...]
