Footfall in December reached its highest level since the pandemic as shoppers headed to stores in search of Christmas gifts. Figures from the British Retail Consortium (BRC) showed that overall footfall during December was up 15.1 per cent from the same month in 2021. However, the gains are likely to be wiped out this month […]
The interest rate the taxman charges on unpaid tax has reached a 14-year high of 6 per cent, but if you expect the same return on anything it owes you, you’ll be out of luck. HM Revenue & Customs increased the rate on unpaid income tax, national insurance, capital gains tax, stamp duty, corporation tax […]
A Canadian business has stirred up a hornet’s nest by purging online meetings, saying companies are for builders, not managers, and vowing to “give people back their maker time”. Shopify, an ecommerce platform, has scrapped all internal meetings of more than two people, banned meetings on Wednesdays and is only allowing gatherings of more than […]
Breadcrumb Trail Links Retail & Marketing News Pursuing strategic alternatives, including restructuring debt, selling assets or filing for bankruptcy-court protection Author of the article: Bloomberg News Jeannette Neumann Published Jan 05, 2023 • 2 minute read Join the conversation Shopping carts stand lined up in front of a Bed Bath and Beyond Inc. store in […]
Jeremy Hunt has confirmed that he will announce plans to reduce energy support for businesses in the Commons next week, telling industry leaders it was “unsustainably expensive”. The chancellor has told business groups that a package providing support at a “lower level” than current measures would be available to them beyond March, promising to avoid […]
Almost no trains are running in most parts of England today as train drivers at 15 operating companies go on strike. The 24-hour strike by members of the Aslef union will stop services entirely across major national rail lines, halting most commuter services in the south-east, Midlands and north of England. In most areas, the […]
Sales of electric vehicles have reached record levels in the UK, although supply chain disruption drove total sales of new cars to their lowest level in 30 years. Just more than 1.6m new cars were sold in the UK last year, a 2% fall from 2021, and the lowest level since 1992, according to the […]
The British government has been given the go ahead to keep concealing the names of companies which received in total more than £47bn in state-backed Covid loans, after a tribunal ruled in its favour. The tribunal case had been brought by campaign group Spotlight on Corruption, amid concerns fraudsters and organised criminals had exploited government-guaranteed […]
Amazon is cutting more than 18,000 employees in the biggest round of lay-offs by a technology giant yet. The world’s largest retailer, which rode a surge in demand at the height of the pandemic, is now moving to cut costs amid cooling demand and fears of recession. Having started reducing its vast workforce in November, […]
Household energy bills are forecast to be hundreds of pounds a year lower than expected in the second half of this year, falling below the government’s £3,000 price guarantee after a sharp drop in wholesale prices. Annual energy bills for a typical household are now estimated at £2,640 from July and £2,704 from October, according […]