Tom Kerridge is leading calls from the hospitality industry for Jeremy Hunt to freeze taxes for pubs and restaurants, warning of mass closures without action. The TV chef and more than 200 of Britain’s most senior hospitality chiefs have signed a letter to the Chancellor warning that businesses will close their doors for good if […]
Banks have been accused by a senior MP of “dragging their feet” when it comes to refunding victims of fraud. Harriett Baldwin’s comments come as newly published figures name, for the first time, individual banks to show how much money they refund. Mrs Baldwin, the Conservative chair of Parliament’s influential Treasury Committee, says banks are […]
Britain’s economy topped analysts’ expectations to grow slightly in September putting the UK on course to narrowly escape the risk of a recession this year, according to official figures. Gross domestic product increased 0.2 per cent month-on-month in September, above City analysts’ expectations and higher than August’s downwardly revised 0.1 per cent expansion, according to […]
The Government has announced a £200 million digital skills training package to help people across the UK launch careers in growing sectors such as digital, green energy and construction. The investment will be targeted at specific skills for each region, driven by local businesses in their local skills improvement plans, with a view to creating […]
NatWest Group is to scrap the bulk of a possible £10 million-plus payout to Dame Alison Rose, its former chief executive, as it draws a line under the debanking row caused by the closure of Nigel Farage’s Coutts accounts. Cumulatively, the value of lapsed unvested share awards and the bonus or variable remuneration for 2023 […]
Drivers are still not getting a fair price on fuel at the pumps, the UK’s competition watchdog has warned. The Competition and Markets Authority (CMA) said prices had risen by as much as 13.9p per litre since the end of May, partly due to wholesale costs. But it said, more recently, while those costs have […]
The number of people falling behind on their mortgage payments rose sharply over the summer months, figures from the banking sector show. Rising interest rates have put pressure on homeowners, with 87,930 in arrears said UK Finance, up 18% compared with July to September last year. Among landlords, the number in arrears doubled in a […]
Average office occupancy rates in the West End during the weekdays are close to pre-pandemic levels, and continuing to trump that of the City. According to new research from Savills, occupancy rates in the area which spans from Oxford Street to Piccadilly Circus have risen to 62 per cent up from 50 per cent in […]
The RMT has confirmed it has reached a deal with train operators that could bring their long-running dispute to an end. In a statement, the union said it had come to a “mutually agreed way forward” with the Rail Delivery Group that would see staff get a pay rise backdated to 2022 – along with […]
A British-based company which had ambitions of becoming a global pioneer in electric vehicle manufacturing has picked a new set of advisers to help it secure rescue funding. It is understood that Arrival, which is facing the prospect of being delisted from New York’s Nasdaq stock exchange, is working with Jefferies to keep it afloat. […]