Six graphs that explain the UK economy ahead of Bank of England’s interest rate decision January 25, 2024 Markets are convinced that a rate cut is coming, likely in the first half of this year. So far, the Bank has not been persuaded.
UK tech sector is ‘not just OnlyFans’, business minister claims January 25, 2024 A business minister has told MPs the UK’s science and technology sector is “not just Only Fans”.
Post Office told the government it would oppose appeals of Horizon scandal victims January 25, 2024 The Post Office told the Government it would oppose appeals of half of the convicted sub-postmasters, days before PM announced a new law to exonerate victims. It was revealed by the Financial Times that ministers were privately told by the Post Office that they believed that in 333 cases, non-Horizon evidence supported the convictions. The [...]
Dr Martens given a kicking but maintains downgraded guidance January 25, 2024 Dr Martens has held its full year guidance after third quarter revenues were kicked down by a fifth, blaming weak demand for its leather boots in the US.
Bank of America sends ‘letters of education’ demanding workers return to office January 24, 2024 Bank of America (BofA) has sent “letters of education” to employees threatening disciplinary action if they do not come into the office, joining its Wall Street peers in pushing back against remote work trends.
Mark Kleinman: Post Office needs new leaders to deliver January 24, 2024 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
OBR chief: Governments have been ‘gaming’ fiscal rules, meeting ‘letter not the spirit’ of financial guidelines January 23, 2024 The comments come as new figures showed the government borrowed substantially less than expected in December thanks to lower interest payments on debt.
Central London Alliance calls for government to cut VAT for hospitality, tourism and leisure January 23, 2024 Central London Alliance (CLA) calls on the Government to address the UK’s lack of competitiveness on the global tourism market, beginning with a cut to VAT for the hospitality, tourism and leisure industries. Figures from the Office of National Statistics (ONS) show that visits to the UK increased 112 per cent year-on-year, generating £30 billion [...]
The Notebook: The future of work, from bees to smart offices January 23, 2024 Where the City’s movers and shakers have their say. Today, Dan Drogman, CEO and co-founder of Smart Spaces with the Notebook pen. The new tech-driven transformation of London’s work spaces Working in the City of London has changed hugely in the last five years – with one of the big post-pandemic changes being the rise [...]
Men are working much less than they used to. Women are picking up the slack. January 22, 2024 Growth could be supported by a "continuing recovery in average hours to pre-pandemic levels," the ONS said. In other words, men need to get back to work.