Tortilla weathers strikes and inflation as expansion drives 22 per cent revenue spike October 3, 2023 Tortilla Mexican Grill revenues jumped 22 per cent year-on-year to £32.7m as the fast-casual group continued to expand its sites across the UK. The popular Mexican chain reported a slight dip in pre-tax earnings amid headwinds from inflation and rail strike action and swung to a £600,000 loss, down from £300,000 profit last year. However [...]
Government to review UK regulators in hunt for post-Brexit ‘advantages’ October 2, 2023 The government has committed to review the UK’s sprawling regulatory system today in a bid to strip back red tape and find “post-Brexit regulatory advantages”. In a statement today, business secretary Kemi Badenoch said the government would kick off an “in-depth review” of how regulators work in the UK. The aim of the new deep [...]
Tourism tax: Heathrow sees rise in Chinese visitors — but they are not splashing the cash October 2, 2023 Chinese visitors have returned to numbers close to those before the pandemic — but they are not spending like they used to. Heathrow has reported that Chinese visitor numbers were at 88 per cent of 2019 levels in July, but the airport said their spending at its shops was only 33 per cent of what [...]
UK industry risks falling foul of EU’s new carbon tax October 2, 2023 British businesses selling into the European Union are unprepared for the bloc's new carbon tax and run the risk of penalties.
Prime minister ‘should be able to fire’ Bank of England governor: Top Tory October 2, 2023 The Prime Minister of the day “should be able to fire the governor of the Bank of England”, Lord David Frost has said.
Hunt rules out chunky tax cuts before the election as they’d ‘compromise’ inflation fight October 2, 2023 Chancellor Jeremy Hunt has argued that sizeable tax cuts this year would “compromise” the battle against inflation as colleagues piled on the pressure for a pre-election giveaway. The Cabinet minister said on Monday he and Rishi Sunak were prioritising the pledge to halve prices before carrying out tax cuts in any “substantial way”. As Tory [...]
Brexit not end of the City, Badenoch to insist October 2, 2023 Brexit is not the end of the City of London, Kemi Badenoch is expected to say in a speech at Conservative Party conference. Business and trade secretary Badenoch is set to rail against critics “relentlessly wanting to talk down our country” and will claim: “Our political opponents are obsessed with viewing every problem as Brexit.” [...]
Labour’s spending promises have been backed into a corner by a frail economy October 2, 2023 Starmer’s U-turn on the charitable status of schools is the latest about-turn on key Labour policy as the party finds its commitments backed into a corner by a fragile economy, writes Eliot Wilson
Solvency II: When will the post-Brexit investment bonanza arrive? September 29, 2023 When Rishi Sunak pointed to a once obscure piece of prudential regulation during a leadership debate last year, it felt to many in the City like a watershed moment.
UK SMEs lack confidence in political parties – but there’s one they favour more September 28, 2023 SMEs’ confidence in all political parties is suffering according to a new poll - although of those who do see their needs reflected in a party, more would point to Labour.