Zara owner sees sales soar to £28.8bn as young shoppers shrug off cost of living crisis to splash cash on latest trends March 15, 2023 The owner of high street fashion chain Zara said young shoppers remained to spend cash on the latest trends despite rising inflation and the cost of living crisis. Inditex, which also owns popular brands such as Pull&Bear and Bershka, reported a sales growth of €32.6bn (£28.8bn) up 17.5 per cent from the same period last [...]
Budget: Hunt confirms energy price cap guarantee extension with household bills kept to £2,500 March 15, 2023 Chancellor Jeremy Hunt has confirmed that the Energy Price Guarantee will be extended at its current level/
London rents: Why homeowners are £3,000 better off than tenants in the capital every year March 15, 2023 London homeowners are a hefty £3,000 better off than those who rent, however the price to secure a deposit in the capital has soared to new highs due to inflation and a limited pool of supply. According to data by Halifax, those lucky enough to have a place to call their own in the capital [...]
Spring Budget 2023 – as it happened: Childcare costs, Brexit pub guarantee and plan for ’12 Canary Wharfs’ March 15, 2023 As Jeremy Hunt unveils his first full Spring Budget, we bring you all the latest news, opinion, analysis and reaction. Budget day – Live feed Support for parents with young children: Jeremy Hunt announced a series of reforms, starting “with the supply of childcare.” “We have seen a significant decline in childminders over recent years [...]
To compete with US green subsidies, we need to end punitive windfall taxes March 15, 2023 We must end windfall tax: it harms the renewable energy industry, and we risk losing out on innovation because of it, writes Jim Wright
‘Budget for growth’: Chancellor Jeremy Hunt rolls pitch for Spring statement March 14, 2023 Chancellor Jeremy Hunt has said his spring statement will be a “budget for growth” as he prepares to set out key measures to support firms and families with the cost of living crisis. Hunt will make his annual budget statement in the House of Commons on Wednesday. He is expected to focus on efforts to [...]
FTSE 100 close: London index claws back Silicon Valley Bank induced losses as HSBC soars March 14, 2023 London’s FTSE 100 surged today, arresting the sharp declines notched yesterday as it was caught up in a global market sell off driven by investors’ fretting over the impact of Silicon Valley Bank (SVB) collapsing. The capital’s premier index gained 1.17 per cent to close at 7,637.12 points, while the domestically-focused mid-cap FTSE 250 index, [...]
Budget exclusive: Hunt weighs up price floor on windfall tax over fears key North Sea project could collapse March 14, 2023 The government is weighing up plans to bring in a windfall tax price floor amid fears Equinor could pull out of a key oil and gas field.
Silicon Valley Bank: how has the US rescue differed from the UK… and is it a bailout? March 14, 2023 US regulators moved to insure customers' deposits and steady the sector after Silicon Valley Bank collapsed.
Retail: Employment figures slump to new lows with 150,000 jobs predicted to go by end of the year March 14, 2023 Retailers were cautious about hiring extra workers in the run up to Christmas, the British Retail Consortium (BRC) has claimed after ONS figures show that the number of roles were down 14,000 year on year in the last leg of 2022. “Low consumer confidence and falling sales volumes meant many retailers were more cautious in [...]