Breadcrumb Trail Links News Economy Unemployment rate falls, raising doubts about a bigger interest rate cut Published Oct 11, 2024 • Last updated 26 minutes ago • 3 minute read Canada’s unemployment rate unexpectedly fell as job gains beat expectations, bolstering the Bank of Canada’s case for gradual rate cuts and raising hopes of a soft […]
The UK economy returned to growth in August, expanding by 0.2% after two months of stagnation, according to official figures from the Office for National Statistics (ONS). This growth was in line with economists’ expectations, following 0% growth recorded in June and July. The ONS data showed that the economy also grew by 0.2% over […]
Angela Rayner, Deputy Prime Minister, is set to grant an additional 9 million UK workers the right to sue their employers for unfair dismissal from the first day of their employment, as part of a sweeping overhaul of workers’ rights. Currently, employees must be with a company for two years before they qualify for these […]
Article content A former Goldman Sachs Group Inc. manager has filed a £3.8 million (US$5 million) sex-discrimination claim against the investment bank, alleging he was unfairly fired for taking six months of paternity leave. Jonathan Reeves, who was a vice president in Goldman’s compliance department in London, claims he was laid off shortly after returning […]
Barclays, one of Britain’s largest mortgage lenders, has called on the government to introduce tax breaks and financial incentives for downsizers to encourage them to move into smaller homes, potentially freeing up 3.8 million properties for families. The bank suggests allowing downsizers to offset moving costs against their stamp duty bill when purchasing a new […]
Rachel Reeves, the Chancellor, is expected to introduce a £25 billion tax increase in this month’s budget to avoid plunging Britain back into austerity, according to the Institute for Fiscal Studies (IFS). The IFS has warned that the tax rises will need to be twice as large as those introduced by George Osborne in 2010 […]
China has hit back at the European Union with new taxes on European brandy imports, a move seen as retaliation for the EU’s recent imposition of steep tariffs on Chinese-made electric vehicles. The Chinese commerce ministry has described the tax as an “anti-dumping” measure designed to protect domestic producers from significant harm caused by European […]
Business confidence has dropped for the first time in a year amid growing concerns over potential tax increases in the upcoming budget. According to the latest business confidence monitor from the Institute of Chartered Accountants in England and Wales (ICAEW), confidence among businesses fell from 16.7 in the second quarter to 14.4 in the third […]
The Confederation of British Industry (CBI) has urged Chancellor Rachel Reeves to introduce significant tax cuts for electric car, heat pump, and biofuel manufacturers to accelerate the UK’s path to net zero. The business group is advocating for slashing the corporation tax rate for companies involved in these sectors to 10%, down from the current […]
Saudi Arabia’s Public Investment Fund (PIF) has acquired a 40% stake in Selfridges, joining forces with Thailand’s Central Group to secure ownership of the iconic London department store. The deal, which ends months of uncertainty surrounding Selfridges’ future, saw PIF purchase the stake from Austrian tycoon Rene Benko’s property business, Signa, which collapsed in late […]