Exports slump in July as UK explores non-EU markets – CityAM : CityAM September 10, 2021 Total exports fell by 1.0 per cent in July, down by £0.3bn, driven by a £0.9bn drop in goods and services delivered to the EU. Falling EU exports were in part offset by a healthy increase of £0.7bn in export value to non-EU markets, up by 5 per cent compared to the previous month. Overall, [...]
Three is the latest mobile network to reintroduce EU roaming charges September 9, 2021 Three has become the third mobile network following Brexit to reintroduce roaming fees when travelling abroad of £2 daily. The firm follows rivals EE and Vodafone which recently announced the return of £2 daily charges, while O2 has kept free roaming so long as it is deemed “fair use”. The move is a particular defeat for Three [...]
Gear4Music snares AV Online in £9.2m acquisition September 9, 2021 Gear4music, the UK’s largest retailer of musical instruments and equipment, has agreed to purchase AV Online in an acquisition deal to the tune of £9.2m. Founded in 2013 AV Online is a retailer of audio-visual equipment, such as home cinema systems. Gear4music will also purchase the domain name AV.com with a view to launching an [...]
Worker shortages persist as pool of candidates shrinks at record pace September 9, 2021 The number of workers ready to start a new job plummeted at its fastest pace on record last month, indicating the severe worker shortages that have put the UK economy in a vice are likely to persist, according to fresh figures published today. Research by accountancy firm KPMG and the Recruitment and Employment Confederation shows [...]
Exclusive: UK looks to close investment deals with Gulf states at October summit September 8, 2021 The UK will try to use a major summit next month to close a series of investment deals potentially worth billions of pounds with Gulf countries like Saudi Arabia, Qatar and Oman. The Global Investment Summit will see Boris Johnson and international trade secretary Liz Truss focus their energies on trying to broker investment deals [...]
Gordon’s wine bar: ‘Insane paperwork’ putting pressure on supplies September 8, 2021 London wine venues are experiencing shortages of some wines thanks to red tape and driver shortages. The Wine and Spirit Trade Association has warned some of the country’s favourite wines could be unavailable in the run up to Christmas. Bars and restaurants have struggled to keep menu items available because of shortages of packaging products [...]
Exclusive: Haulage firm insolvencies highest since January 2019 as Brexit and driver shortages bite September 8, 2021 June 2021 saw 31 haulage firm insolvencies, the highest in a single month since January 2019 as Brexit and driver shortages bite, according to data from Tower Bridge-based audit firm Mazars that was shared exclusively with City A.M. this afternoon. The fall in shipments between the UK and EU and between Great Britain and Northern Ireland since Brexit has [...]
UK buckled under Australian pressure and removed climate goals in trade deal September 8, 2021 The UK bowed to pressure from the Australian government and agreed to take out climate commitments in a free trade deal, it has been revealed. The UK-Australia trade deal will not contain binding commitments on reaching climate goals set at the landmark 2015 climate summit in Paris, after Canberra pushed for it to be dropped [...]
Shakespeare on advertising: Wetherspoons beer shortages hit public perceptions September 8, 2021 Cut-price pub chain JD Wetherspoon was in the news recently following reports that supplies of Heineken, Carling, and Coors have run out in some of its locations across the UK. While some have argued that Brexit has impacted supply chains, company founder Tim Martin has attributed the issues to the ongoing COVID-19 pandemic. Whatever the [...]
Could you have lost out on a job because of your politics? Almost definitely September 8, 2021 Being part of a group is central to how humans survive, and once we have found ours, it fundamentally shapes how we behave. Under pressure, this tendency to group – for all its benefits – can lead us to double down on who we see as “us” and who becomes a disliked “them”. Feelings become [...]