London airports soar to record months as UK shows “economic resilience” in the face of Brexit February 13, 2017 Passenger numbers at London's airports continue to soar as Luton reported a 20 per cent jump for January compared to last year. London's two biggest airports also had record months, with passenger numbers at Heathrow up 4.2 per cent at 5.74m and Gatwick up 12.1 per cent with 2.8m passengers travelling through the airport. Heathrow [...]
More than two-thirds of the public think Heathrow expansion will signal Britain is open for business post-Brexit February 13, 2017 While questions remain over how the government will address air quality concerns over Heathrow expansion, for now the public backing lies very much with the third runway taking shape. That's according to a new ComRes poll of 2,003 people – commissioned by Heathrow (who else?) – which has found more than two-thirds of the public think building a [...]
Tube strike threat over staffing and ticket office closures is off after the TSSA accepts London Underground deal over jobs February 13, 2017 The threat of industrial action on the London Underground over jobs has come to an end, after the Transport Salaried Staffs' Association (TSSA) accepted a deal. As a result, the union has called off its overtime ban. Both the TSSA and the Rail, Maritime and Transport (RMT) union had been in dispute with London Underground over [...]
Early signs suggest there’s already been a fall in supply of EU nationals – contributing to UK skills and labour shortages February 13, 2017 Sectors employing a high number of EU nationals are starting to feel the pinch as uncertainty lingers over future prospects. According to the CIPD and Adecco’s Labour Market Outlook, while the short-term outlook for employment remains strong, skills and labour shortages are starting to become evident in sectors employing a raft of EU nationals. Despite [...]
Rolls-Royce braced for record £4bn loss as it counts cost of the plummeting pound and bribery fine February 13, 2017 Rolls-Royce is braced to report a record annual loss tomorrow as the aero-engine firm absorbs the effect of its £671m settlement with regulators for past bribery and corruption. It is also battling a weaker pound. City analysts have forecast that Rolls-Royce, which makes engines for Boeing’s 787 Dreamliners, could report a pre-tax loss topping £4bn, after [...]
Millions are risking credit rejection thanks to exes with poor financial histories February 13, 2017 A clean break from an ex-partner can be easier said than done… And now, new research from credit checking firm ClearScore has found that millions of Brits risk being turned down for mortgages and other financial products, because they’re unknowingly still tied to ex-partners with poor financial histories. Once you’ve made the step to take [...]
Clintons mulls shutting up more than a hundred shops February 13, 2017 Greetings cards chain Clintons is mulling the closure of more than a hundred high street stores. According to The Telegraph, the chain’s US owner American Greetings is contemplating shutting 120 of its 393 Clintons shops, which have not been modernised yet and are “subject to an ongoing strategic review”. American Greetings has also slowed down the programme to revamp [...]
Small businesses at sea over Brexit as the weak pound causes headaches February 13, 2017 Theresa May has not triggered Article 50 yet, but the uncertainty stirred up by Brexit, and the weak pound, are already weighing on small and medium-sized businesses. According to accountancy firm Moore Stephens, the fall in sterling in the wake of the Brexit vote on 23 June has been a key problem for businesses, with [...]
Britain’s small and medium-sized firms are left in a trade limbo because of Brexit uncertainty February 13, 2017 Around half of small firms say Brexit will change their trading habits, but they're not sure how, according to money transfer platform TransferWise. Numerous small firms rely on international income, but Brexit uncertainty is leaving them in a trade limbo. Over a quarter receive more than £100,000 a year in international turnover. With nearly 99 per cent [...]
Inflation to hit 1.9 per cent for January as London businesses battle fastest cost rise since 2008 February 13, 2017 Consumer price inflation is expected to reach 1.9 per cent in January, taking it to its highest level since June 2014. It comes as businesses in the capital have faced the fastest rise in input costs for more than eight years during January. IHS Global Insight forecasts a third successive marked increase for the Consumer [...]
