Thousands of Brits residing in the EU have been informed by UK banks that their EU-based bank accounts will soon be shut. A range of British banks, including Barclays, Halifax and Lloyd’s, have told UK citizens living in the EU that they will no longer be able to have and use their account in member […]
Cash-strapped start-ups are slowing recruitment and ripping out unnecessary costs this year as rising costs batter the bottom line, top investors said today. Soaring inflation in the UK is squeezing venture-capital backed firms, which most often operate at a loss, causing bosses to slow down hiring and mull shifting some roles to contractors. “Startups have […]
UK workers are going into the office an average of 1.5 days a week, with only 13% coming in on a Friday, a survey suggests. Consultancy Advanced Workplace Associates surveyed 43 offices in the UK, representing nearly 50,000 people, in June and July. It suggests average attendance was 29%, with a peak of 39% mid-week. […]
Regulated train fares in England will rise below the rate of inflation next year to help people with the cost of living crisis, the government has said. Before the Covid pandemic, fares were raised in January each year, based on the retail prices index (RPI) measure of inflation from the previous July. The normal formula […]
Amazon could be off the hook for tax in the UK for at least two more years after benefiting from reliefs brought in by Rishi Sunak during the pandemic, a report suggests. The research from the Fair Tax Foundation indicates that the US tech company claimed more than £800m in capital allowances – business expenses […]
Article content Malaysia Airlines has signed a provisional agreement to acquire 20 Airbus A330neos to replace its aging fleet of A330 widebody jets in a deal that also involves aircraft leasing giant Avolon. The airline will buy 10 of the planes from Airbus and then execute a sale-and-leaseback deal with Avolon, with the other 10 […]
Article content BEIJING — China’s military said it carried out more exercises near Taiwan on Monday as a group of U.S. lawmakers visited the Chinese-claimed island and met President Tsai Ing-wen, in what Beijing said was an infringement of its sovereignty. The five U.S. lawmakers, led by Senator Ed Markey, arrived in Taipei on an […]
Breadcrumb Trail Links PMN Business Denmark’s economy grew faster than expected in the second quarter as a strong labor market helped the Nordic country avoid a recession. Author of the article: Bloomberg News Christian Wienberg Shoppers cast shadows as they walk through the Kobmagergade pedestrianized shopping street in Copenhagen, Denmark, on Thursday, Jan. 3, 2019. […]