It’s time to go back to basics and go about fixing our deficit before more tax cuts October 26, 2022 As inflation pushes prices further and further up, food has been getting more expensive for some time. But, as the cliche goes, there was never such a thing as a free lunch.
Global health at ‘the mercy of fossil fuels’, says report October 26, 2022 The world’s reliance on fossil fuels is compounding global risks to health following the height of the Covid-19 pandemic, said a new report last night. Risks include air quality, food and energy security, as Brits brace for a tough winter as oil and gas costs soar. The EU-funded Lancet Countdown, an annual report on climate [...]
Backing the central bank pivot is a risky bet October 25, 2022 It is easy to criticise central banks for heaping pain on households and businesses. But, this is exactly what they are supposed to do under current economic conditions. Inflation in the UK, US and eurozone has hit 10.1 per cent, 8.2 per cent and 9.9 per cent respectively, all historic highs. The Bank of England [...]
HSBC shares sink to bottom of FTSE 100 despite profits topping City forecasts October 25, 2022 HSBC’s profits slid over 40 per cent in the third quarter of the year as it was hit by rising loan losses and hefty charges relating to the sale of its French retail business.
Brits take 5* holidays as On The Beach bounces back from Covid in second-half of 2022 October 25, 2022 Travel retailer On The Beach reported its sales were up from pre-pandemic levels despite external shocks such as the war in Ukraine and economic turmoil. The medium and short haul specialists said its second-half sales were 25 per cent up on 2019 and 16 per cent up on the year as a whole. It also [...]
A blank cheque for two years of capped energy bills was a perverse kind of plan October 25, 2022 It was always perverse to ask the taxpayer to write a blank cheque for two years as part of the energy support package and ignore the huge potential gains in increasing our energy efficiency.
Beauty parade? Dyson to invest half a billion in expanding grooming offering October 25, 2022 Engineering giant Dyson is set to invest half a billion into expanding its range of beauty products, as the technology and beauty industries converge. The British company’s Airwrap hairstyler, which has graced the beauty tables of most internet influencers, has been a best-seller for several years now. And has prompted popular ‘dupes’ from the likes of Revolution [...]
Rail union announces a week of industrial action October 24, 2022 Press Association A rail union has announced nearly a week of industrial action, including strikes in November in their ongoing dispute over pay, job security and conditions. Thousands of members of the Transport Salaried Staffs’ Association in Network Rail will strike on Thursday November 3, Saturday November 5 and Monday November 7 while members in [...]
Political and economic uncertainty pushes retail footfall down by 2.3 per cent October 24, 2022 Political uncertainty and economic instability contributed to a dip in retail footfall, with high streets being hit the hardest. Across the UK as a whole, there was a marked decline in footfall for retailers by 2.3 per cent last week, New figures from Springboard show. The data shows in the three retail sectors, high streets, [...]
Pound’s dramatic drop is biggest shock of this year, says City grandee October 24, 2022 The pound’s dramatic fall in the wake of the mini-budget market turmoil was the group’s biggest shock of the past year as a City insider likened the sterling sell-off to the Turkish lira crisis. Angela Cretu, global chief executive of beauty giant Avon International, said that sterling’s dramatic fall has caused challenges for the group, [...]