City bosses more Santa than Scrooge this Christmas as it rains parties, presents and bonuses in London November 30, 2022 Despite economic difficulties, London bosses are still planning to give their staff Christmas parties, presents, or bonuses. London employers appear to be going bigger on bonuses, with 56 per cent of London staff expecting a Christmas bonus, compared with just 23 per cent of those in both the South East and South West, and only [...]
Mulberry feels the chill of recession as boss calls for VAT-free shopping to boost tourist sales November 30, 2022 High-end accessories retailer Mulberry is beginning to feel the effects of the cost of living crisis and recession in the UK, with sales and revenue slipping over the past six months. Sales at its London stores on Bond St and Regent St have been hit hard by affluent tourists from the US and the Arab [...]
Unaffordable Christmas meals loom as food inflation skyrockets to record 12.4 per cent November 30, 2022 It has emerged that food inflation has surged to 12.4 per cent to hit a new record amid predictions of dampened Christmas cheer and an “increasingly bleak” winter. Overall shop prices are now 7.4 per cent higher than last November, up from 6.6 per cent in October, to set another record since the British Retail [...]
If we want Britain to be the next Silicon Valley, we need an Open University for skills November 30, 2022 The UK has a proud history as a technology pioneer: from the steam engine to the worldwide web, British inventors have been at the forefront of technologies that have transformed lives across the world. But today our status as one of the world’s leading science and technology hubs is under threat. Digital skills shortages, which [...]
EasyJet boss Johan Lundgren: Brits will continue to travel amid cost-of-living crisis November 29, 2022 Brits will continue to travel amidst the current cost-of-living crisis, according to Easyjet’s boss Johan Lundgren. The chief executive said that, despite limited visibility, the carrier is already seeing a strong demand for next year. “We have relatively low visibility overall, but we do see in general there is a strong demand and quite [a [...]
Germany backs Qatar to meet energy needs with mega LNG deal November 29, 2022 Germany is gambling on Qatari gas supplies to meet its energy needs, as it shifts from Russian pipelined gas, with a long term LNG deal.
Brits sit pat on Covid-19 savings mountain in sign of tougher recession November 29, 2022 Brits are sitting pat on the mountain savings they built up over the course of the Covid-19 crisis during lockdowns, official figures out today reveal. Households set aside £6.4bn in savings last month, £1.6bn higher than the average monthly deposit flow before the pandemic, according to the Bank of England. The figures illustrate consumers are [...]
Open banking should be a blueprint to create more competition across sectors November 29, 2022 When Transport for London opened up their data, it enabled the creation of Citymapper.
The man behind the O2 says Brits back ‘good times’ in the face of recession November 29, 2022 The man behind London’s The O2 says that despite cost of living concerns, people are still spending big on events, with the consumer mindset shifting to “having good times”. Paul Samuels, who heads up global partnerships at events giant AEG, told City A.M. that the arena is yet to see a dip in visitors amid [...]
Rail Partners calls for government to give operators more freedom November 29, 2022 Rail Partners has called for the government to give train operators more freedom to attract back customers. According to the rail association, the current system – introduced during the pandemic and based on contracts instead of franchising – needs to evolve through an increase harnessing of the private sector. Rail Partners has called for a [...]