The International Monetary Fund has upgraded its outlook for the UK, forecasting growth this year instead of recession and no longer consigning the economy to the worst performing in the G7. The IMF thinks that the British economy will expand by 0.4 per cent this year, a revision from the 0.3 per cent contraction that […]
Ireland is set to become the first country in the world to put health warnings on alcohol products. Dublin’s health minister Stephen Donnelly signed new regulations on Monday, which will warn drinkers about the health risks of drinking alcohol, as well as the calorie count of the product. However, the labels will not be mandatory […]
Facebook is to be fined more than €746m (£648m) and ordered to suspend data transfers to the US as an Irish regulator prepares to punish the social media network for its handling of user information. The fine, first reported by Bloomberg and expected to be confirmed as soon as Monday, will set a record for […]
Dating cons known as “pig butchering”, fake missing person appeals and dodgy apps are among the most widely used and convincing scams in circulation this year, according to Britain’s leading consumer watchdog. Pig butchering – so-called by fraudsters because they “fatten up” the victim by forming a romantic connection before executing the investment part of […]
Almost 100 jobs are thought to be under threat at smart home energy technology manufacturer myenergi. The Grimsby firm, named one of the UK’s fastest growing companies less than a year ago, has said that new orders of its staple Zappi electric vehicle charger and allied devices haven’t been maintained at anticipated levels, with the […]
RMT members are to stage a fresh strike on 2 June in a long-running dispute over pay, jobs and working conditions. The strike will see 20,000 train managers, caterers and station staff all walk off the job. There will be three rail strikes within four days with Aslef train drivers walking out on 31 May […]
Supermarket chain Asda is considering whether to cut the pay of 7,000 staff in the south east of England to bring it in line with its other stores. Staff at 39 stores outside the M25 have been paid more for decades to offset a higher cost of living closer to London. A spokesperson said all […]
Purplebricks, the once high-flying online estate agent that reached a peak valuation of more than £1.3bn, has been sold to Charles Dunstone-backed rival Strike for £1 with all of its more than 750 staff put at risk of redundancy. The company, which had threatened to shake up the property market with its low-cost model, put […]
Three big global carmakers have called on the UK government to renegotiate the Brexit deal, saying rules on where parts are sourced from threaten the future of the British automotive industry. Ford and Jaguar Land Rover have joined Stellantis, which owns the Vauxhall, Peugeot and Citroën brands, to warn the transition to electric vehicles will […]
The UK is lobbying the EU over a Brexit trade deal deadline that carmakers have warned pose a threat to UK industry. Prime Minister Rishi Sunak said the UK was “engaged in a dialogue” with the EU about a looming rule change that could affect UK electric car hopes. Carmakers in Britain and the EU […]