Charity, dating and pet spending rises as restrictions relax As Covid restrictions continue to ease, Britons spend more on charity, dating and their pets. Building society Nationwide said today that spending also surged on holidays, among many other activities, between April to June, as well as eating and drinking, leisure, gardening and clothing. Nationwide analysed millions of transactions by its customers from April to [...]
UK e-commerce sector ranks third in the world The UK’s e-commerce sector ranks third globally when comparing sales to national GDP. According to BNPL platform Butter, The UK’s e-commerce retail sales total up to $180bn dollars, which equates to 6.7 per cent of the nation’s GDP of $2.7 trillion. The world’s biggest e-commerce retail market is China, which generated $2.3 trillion through online [...]
London Mayor announces funding for capital’s high streets post-pandemic The Mayor of London, Sadiq Khan, has announced funding for 35 projects across London to ensure the protection of the capital’s high streets post-pandemic. The high streets of London were heavily impacted by the pandemic. The British Retail Consortium estimate there are about 5,000 fewer shops since the pandemic started. The high streets have also [...]
The UK among world’s top 10 beaches July 21, 2021 The UK has been revealed to have one the highest numbers of quality beaches in the world. Hotel booking platform hoo, conducting the research, revealed that the UK boasted 127 beaches. However, it also revealed that Spain sat at the top of the table with 614, followed by Greece with 545. Many UK residents plan [...]
EU plans to make crypto-assets such as Bitcoin more traceable July 21, 2021 Under proposed changes to EU law, companies that transfer crypto-assets, particularly Bitcoin, will be forced to collect details on the recipient and sender. According to the EU Commission, the proposals will make crypto-assets more traceable. It would also help stop money laundering and the financing of terrorism. They also include the prohibition of anonymous crypto [...]
Government proposes to make fake online reviews illegal July 20, 2021 The government has outlined plans to crack down on fake online reviews. Businesses that offer subscriptions would be required to detail exactly what a consumer signs up for. They should also allow them to cancel easily. Consumer champion ”Which?” said the plans should be ”swiftly implemented” ”Which?” director of policy and advocacy Rocio Concha, said [...]
Lewis Hamilton racially abused following British Grand Prix win July 19, 2021 Lewis Hamilton has been the latest target of racial abuse online following his British Grand Prix win on Sunday. The online attacks followed after a collision between Hamilton and rival Max Verstappen, which caused the Dutchman to crash out in the first lap. As a result, Hamilton was given a 10-second penalty although he was [...]
HSBC reopens all branches and offices in England from today July 19, 2021 HSBC said this morning it has reopened all of its bank branches and offices in England today as the government lifts the remainder of Covid-19 restrictions. HSBC will also increase its building capacity to around 50 per cent of staff over the next few months. “I know many colleagues will be hugely excited to get [...]
Ocado: Thousands of orders cancelled as robots cause fire July 19, 2021 A fire at an Ocado fulfillment centre in south-east London on Friday has caused the online grocer to cancel thousands of orders. The blaze occurred when three of the robots that help pick groceries collided at the Erith site. About 800 staff members had to be evacuated and firefighters worked through the night to stop [...]
City suburbs, commuter towns and coastal locations record biggest jumps in rent July 15, 2021 City suburbs, commuter towns and coastal location have recorded the biggest rises in rent for tenants last year. Property portal Rightmove said that towns such as Rochdale, Folkestone and Farnham have seen asking rents jump by more than 25 per cent. Their survey showed that as Covid restrictions started to ease, there was a greater [...]