Breadcrumb Trail Links News Economy Opens the door for the Bank of Canada to pause in the new year Canadians learned the latest inflation figures Wednesday. Photo by Peter J. Thompson/National Post Article content Canada’s main gauge of cost pressures eased in November, suggesting the Bank of Canada’s relentless campaign of interest-rate increases is starting […]
Elon Musk is to resign as Twitter’s chief executive after the platform’s users voted for him to step down. The tycoon pledged to stop leading the social media group, which he acquired in a $44 billion deal less than two months ago, “as soon as I find someone foolish enough” to take over. Musk intends […]
People who quit the capital during Covid in favour of a quieter life in the country are searching for houses in London at the highest rate since the pandemic began. Brits are looking to make a return to the city after offices, pubs and restaurants reopened, according to online estate agent Rightmove. In stark contrast, […]
Journalists must be exempted from new data protection laws or there will be risks to freedom of speech, newspaper editors have warned ministers. The editors of The Times, The Daily Telegraph and the Daily Mail have written jointly to the justice and culture secretaries over a new code of practice drawn up by the information […]
London Heathrow is expecting business travel to account for a higher share of its traffic in 2023, as the corporate market has been “showing signs of recovery” in recent months. The UK hub airport said that business travellers made up 21.5 per cent of its total passenger traffic in the third quarter of 2022, which […]
Planned hikes in alcohol duty have been put off until August, afterJeremy Hunt decided to extend the current freeze a further six months. The chancellor was due to increase duty on beer, wine, cider and spirits by the annual increase in RPI on 1 February. This would have meant an average increase of 7p for […]
High street lender TSB has been slapped with a £48.65m by City watchdogs today for “widespread” failings during a 2018 IT update programme, which left millions of customers without access to banking services. In a statement this morning, the Financial Conduct Authority and Prudential Regulation Authority said the bank had failed to properly manage operational, […]
The government is extending the mortgage guarantee scheme, which helps buyers with small deposits get on the property ladder as higher borrowing costs threaten to put the brakes on the UK housing market in 2023. The scheme, launched in April 2021, was billed as a way of helping turn generation rent into “generation buy”. It […]
An exodus of more than half a million people from the British workforce since the Covid pandemic is putting the economy at risk of weaker growth and persistently higher inflation, a Lords report has warned. The House of Lords economic affairs committee said the sharp rise in economic inactivity – when working-age adults are neither […]
Around 1,200 members of the military and 1,000 civil servants are being sent in by the government to cover striking ambulance drivers and Border Force staff. The staff will be deployed to minimise disruption throughout the rest of the month as more key sector workers go on strike. Up to 10,000 ambulance staff will go […]