Pub insolvencies jump 83 per cent as rising energy bills force them to shut up shop February 13, 2023 Britain’s pubs are at “breaking point”, hospitality chiefs have warned, after new figures reveal that the number of pub and bar insolvencies has risen 83 per cent in the last year. According to data published by accountancy firm UHY Hacker Young, some 512 pub and bar companies went bust in 2022, up from 280 the [...]
Record price rises force Brits to change Valentine’s day plans and cut back on dating February 13, 2023 In a bid to spend less, some 17 per cent of the public have revealed that they are committed to going on fewer dates and a further 13 per cent have confessed that they are now on the hunt for a more financially stable partner.
UK agency looks to seize mortgage fraudster’s donation to Chelsea private school February 13, 2023 The UK’s Serious Fraud Office (SFO) is seeking to seize a £92,500 donation given by a Mayfair property magnate who was convicted of fraud to his daughter’s private school. The fraud investigator is seeking permission from a London court to confiscate the money given to his daughter’s school by mortgage fraudster Achilleas Kallakis. The conman [...]
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 [...]
City celebrates ‘human’ business leadership at TLC Lions awards night February 13, 2023 The City’s brightest and best business leaders gathered on Thursday evening last week to celebrate and recognise people and companies that have sought to create a more human working world. Over 240 guests attended the ‘TLC Lions – Being Human Awards 2023’ at the 5-star Pan Pacific London Hotel ballroom. Gian Power, CEO and Founder [...]
Crypto venture capital dries up as investors flee after FTX turmoil February 13, 2023 Investment into cryptocurrency startups collapsed at the end of 2022 as the market was shaken by the implosion of Sam Bankman-Fried’s exchange FTX and a string of high-profile bankruptcies, new research has revealed. The flow of cash into crypto start-ups fell to $2.5bn in the final three months of 2022 – down 75 per cent [...]
UK banks set to report record profits of £37bn beating pre-financial crisis highs February 13, 2023 The UK’s top banks are set to unveil record profits in the next two weeks after sharp interest rate hikes boosted the lenders’ coffers last year. The big five FTSE 100 banks – Barclays, HSBC, Lloyds, NatWest and Standard Chartered – could post cumulative pre-tax profits of £37.4bn as they reveal their earnings for 2022, [...]
Davos has always been riding on a high but it’s in the grip of a downhill spiral February 13, 2023 For decades, political and business leaders have gathered at Davos, but the World Economic Forum has started to lose its shine, writes Eliot Wilson
Britain’s abysmal numerical abilities are no laughing matter if we want a strong future February 13, 2023 Britons pass off being bad at maths as a joke, but our lack of numerical skills are a serious challenge for our workforce and our future economy, writes Nicholas Lyons
Our growth problem won’t be fixed by tax cuts unless we get people back to work February 13, 2023 Growth is not simply a product of tax cuts, but of looking at policies across the board which could boost our economic output and keep our workforce strong, writes Neil Carberry
