It’s not as easy to count the number of ‘working people’ as you might think November 27, 2024 How many people are employed in the UK today? This is not just a question in a pub quiz for boffins. It is one with important practical implications. Changes in the number of people employed is a key piece of information which the Bank of England’s Monetary Policy Committee takes into account when setting interest [...]
Smithfield meat market to close: ‘Farringdon will be losing part of its history’ November 26, 2024 The fate of City institution Smithfield market was decided yesterday, with the City of London Corporation announcing the last chops will be sold after 2028. Local business owners reacted with dismay to the news. Graham Chatham, chef patron of Origin City and 56 West Smithfield said: “It’s terribly sad to see the market close after [...]
FTSE 100 falls as cost of Donald Trump’s tariff plans revealed November 26, 2024 In a post on Truth Social platform, the president-elect said he will impose a 25 per cent tariff on all goods from Canada and Mexico, higher than markets had anticipated.
Car insurance premiums fall but young drivers still in back seat November 26, 2024 The latest Consumer Intelligence index shows quoted premiums in the year to October fell 1.1 per cent, the first time since January 2022.
The self-employed are natural entrepreneurs. So why is our government ignoring them? November 26, 2024 Supporting the self-employed could help unleash a needed wave of entrepreneurialism. So why are the government not acting?
Retail chief warns about return of inflation after tax-raising budget November 26, 2024 The chief of the British Retail Consortium (BRC) has warned that tax-raising measures announced in the latest government may lead to the return of inflation in the UK. Shop prices remained in deflation in November, down 0.6 per cent month on month, up from deflation of 0.8 per cent in the previous month. Shop price [...]
McVitie’s biscuits boss dunks on UK as investment destination November 25, 2024 The boss of the company behind biscuit giants McVitie’s, Jacobs and Carr’s has warned that the UK has become a less attractive place to invest. Speaking at the Confederation of British Industry (CBI)’s annual conference on Monday, Salman Amin, the chief executive of Pladis, the firm behind the iconic brands, warned that Britain has become [...]
RFU boss Bill Sweeney paid £1.1m despite heavy losses November 25, 2024 England Rugby chief executive Bill Sweeney was paid £1.1m in the last financial year despite the game struggling to stay on its feet. It comes as the governing body for rugby in England announced record losses nearing £40m and confirmed there would be redundancies within the organisation. The Rugby Football Union insists that their year, [...]
Diplomat tells business leaders: Special relationship ‘isn’t going anywhere’ with Trump’s return November 25, 2024 The UK-US “special relationship isn’t going anywhere”, a senior diplomat has predicted, ahead of Donald Trump’s return to the White House in January. Matthew Palmer, deputy chief of mission at the US embassy in London, told attendees the two countries “transatlantic alliance” and “economic relationship” was one of the most “resilient and adaptable relationships in [...]
Bank of England’s Lombardelli supports ‘gradual’ interest rate cuts November 25, 2024 In her first speech as one of the Bank's deputy governors, Lombardelli said she supported a "gradual removal" of monetary policy restriction.