This Saturday is a chance to support the small businesses livening up our streets December 2, 2022 As fewer lights twinkle on Britain’s high streets, and individuals tighten their belts anticipating tough times ahead, small businesses are unsurprisingly fearful of what winter will bring. It’s not the backdrop we’d hope for to mark a decade of Small Business Saturday tomorrow, but it underlines the ongoing importance of supporting the UK’s 5.5 million [...]
Britain could be getting high on the benefits of a full-scale medical cannabis industry December 2, 2022 One in five of the world’s best-selling prescription drugs are developed in Britain. And, with the legalisation of medical cannabis in 2018, the UK has an opportunity to capitalise on a new market. But while the regulatory framework is being developed, and patient studies are underway, there is a significant way to go to deliver [...]
Letters: Support for small businesses December 2, 2022 [Re: Exclusive: Business rates hike a ‘ticking time bomb’ for London economy, Mayor warns, November 29] The nation’s small and independent retailers are often described as the backbone of our high streets because of their important role in local communities and how much they contribute. While it’s rarely an easy environment for small businesses to [...]
Windfall tax hampers investment says OEUK, as Harbour falls off FTSE 100 December 1, 2022 The Government's decision to toughen the windfall tax has made companies and investors "reassess their plans for the future."
European jobs market defies expectations as unemployment hits record low December 1, 2022 The European jobs market is defying expectations and holding up well despite experts expecting the bloc to tip into a tough recession, fresh figures out today show. The proportion of people unemployed in the 19 countries using the euro dropped to a record low 6.5 per cent in October from 6.6 per cent in September, [...]
Bird & Bird hikes new lawyers’ salaries for second time this year December 1, 2022 London law firm Bird & Bird has given its newly qualified (NQ) lawyers a pay hike for the second time this year. The law firm has given its NQ lawyers a five per cent pay rise in upping their annual pay to £92,400 per year, a Bird & Bird spokesperson told City A.M. The pay [...]
Price of Bitcoin breaks $17,000 as optimism seeps into crypto markets December 1, 2022 Bitcoin is trading around $17,100 this morning, up another 1.23% in the last day and 3.16% over seven days.
Britain’s factories already in recession on ‘lethal cocktail’ of constraints December 1, 2022 Britain’s factories are already in recession sparked by demand receding as the country’s economy slumps, a closely watched survey out today reveals. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) inched higher to 46.5 last month from 46.2 in October. Despite the slight rise, the survey remained far [...]
Federal Reserve could scale back interest rate hikes from December November 30, 2022 The Federal Reserve could scale back the pace of its interest rate hikes "as soon as December," revealed Fed Chair Jerome Powell.
Brexit has contributed to UK inflation crisis, BoE’s Pill claims November 30, 2022 Brexit is partly to blame for UK inflation surging to a 41 year high and engineering a recession, the Bank of England’s top economist claimed today. Speaking at an event hosted by the Institute of Chartered Accountants, Huw Pill said worker shortages in Britain had been “met by the inflow” of EU migrants while the [...]