UK export growth could shrink by up to £8.5 billion over two years if a full-scale US-China trade war erupts, Allianz Trade has warned. A protracted trade conflict between the world’s two largest economies could severely impact the UK’s manufacturing sector, according to Allianz Trade, the trade credit division of the global insurance and investment […]
Meta Platforms has been fined €797.72 million (£663 million) by the European Commission over alleged anti-competitive practices involving Facebook Marketplace. The European Union regulator ruled that Meta breached competition laws by linking its social network with Facebook Marketplace, giving it an unfair advantage over rival online classified services. Margrethe Vestager, the European Commission’s executive vice-president […]
The Bank of England’s ability to set effective interest rates is being hindered by unreliable labour market statistics, according to governor Andrew Bailey, who has highlighted the shortage of accurate data on the UK’s workforce as a “substantial problem.” Speaking at Mansion House to an audience of City financiers, Bailey voiced his concerns over the […]
Breadcrumb Trail Links News Economy Retail & Marketing ‘Hopeful that we will kind of hold our nose and get through it’ Published Nov 13, 2024 • 5 minute read Michael McCain was the keynote speaker at a Canadian Club event at the Fairmont Royal York Hotel, Nov. 12, 2024, in Toronto. The executive chair of […]
British farmers will stage a “national strike” next week, withholding meat and crops from supermarkets to protest Labour’s new inheritance tax policies. Beginning Sunday, thousands of farmers plan to participate in the week-long strike, which includes a march in London on November 19, where over 10,000 farmers are expected to rally against the tax changes […]
Article content Labour Minister Steven Mackinnon has put an end to the work stoppages at Quebec and British Columbia ports by ordering binding and final arbitration. Mackinnon said on Tuesday the negotiations had hit an impasse and the economic and reputational damage to Canada as a reliable trade partner was in jeopardy. “If these work […]
More than five years after the onset of the pandemic, remote working remains a central part of UK work culture. According to recent data from the Office for National Statistics (ONS), 41% of the British workforce now works from home at least part of the week, with 28% following a hybrid model and 13% working […]
UK wage growth has slowed to its lowest rate in more than two years, while unemployment rose to 4.3% in the three months to September, according to new figures from the Office for National Statistics (ONS). The data, which reveals a mixed outlook for the labour market, has dampened expectations of another interest rate cut […]
New research from Co-op reveals that up to 7.4 million people in the UK—equivalent to the populations of Scotland and Northern Ireland combined—are missing out on career or educational opportunities due to their socioeconomic background. The study found that 70% of individuals from lower socioeconomic backgrounds face barriers that impact their access to opportunities, with […]
NatWest has purchased £1 billion of its own shares from the UK Treasury, lowering the government’s stake in the FTSE 100 lender to just over 11%. This buyback, the second of its kind in 2024, saw NatWest acquire 263 million shares at a price of 380.8p each, a step CEO Paul Thwaite describes as an […]