Breadcrumb Trail Links News Economy Wage growth still too high to bring inflation down Canada’s economy created 41,000 jobs in February, all of them full time, said Statistics Canada. Photo by Nathan Denette/The Canadian Press Article content The Canadian economy produced double the jobs forecasted by analysts, but the unemployment rate rose to 5.8 per […]
Members of Parliament are urging the implementation of new legislation to prohibit City firms from employing non-disclosure agreements (NDAs) to silence victims, following a parliamentary inquiry that uncovered a “shocking” prevalence of sexual harassment and bullying against women within the UK’s financial sector. One of the key recommendations arising from the Treasury Committee’s Sexism in […]
New figures released by HM Revenue & Customs (HMRC) reveal that the ‘VAT gap’ – representing the disparity between the VAT theoretically owed and the amount actually collected by HMRC – has reached £8.6 billion for the fiscal year 2022/23. This marks a significant 13% increase from the £7.6 billion VAT gap recorded in the […]
B&Q TradePoint, is intensifying its efforts to dismantle gender barriers prevalent in trade professions by dedicated to promoting inclusivity and expanding opportunities for women in trade professions through the funding of trade apprenticeships. According to a recent report by Kingfisher, B&Q’s parent company, a mere 2% of the UK’s 900,000 tradespeople are women. Furthermore, the […]
OpenAI has responded to a lawsuit filed by Elon Musk, alleging that he disengaged from the ChatGPT creator after an unsuccessful attempt to seize control of the company. The artificial intelligence firm has released a collection of emails from the billionaire that purportedly demonstrate his support for the company’s profit-making strategy. On Friday, Musk filed […]
Entain, the gambling group known for brands such as Ladbrokes and Sportingbet, has disclosed a £40 million impact on its 2024 earnings due to regulatory challenges in Britain and the Netherlands. Despite reporting robust overall revenue growth of 14% in 2023, including contributions from its American joint venture BetMGM, the company’s share price experienced a […]
Despite the backdrop of higher interest rates, house prices in the UK continued their upward trajectory in February, according to the latest report from Halifax. The data revealed a 0.4% increase in house prices during the month, marking the fourth consecutive monthly rise. On an annual basis, property prices experienced a more moderate growth rate […]
Nationwide Building Society’s proposed acquisition of Virgin Money UK for £2.9 billion marks a significant move in the banking sector, creating a formidable lending powerhouse and accelerating consolidation trends among smaller banks in the UK. Under the terms of the deal, Nationwide plans to offer 218p per share in cash for Virgin, along with a […]
Despite mounting pressure from the automotive industry, the latest Budget failed to incorporate a proposed 50% reduction in VAT for electric cars, leaving many disappointed. This measure, if implemented, could have significantly lowered the purchase price of electric vehicles (EVs), thereby fostering greater accessibility for both businesses and households. Furthermore, the absence of an extension […]
Pharmaceutical giant AstraZeneca has announced its ambitious plans to inject £650 million into the UK, a move set to fortify the nation’s already prominent Life Sciences industry and bolster economic growth. This substantial investment is poised to not only enhance public health protection but also elevate pandemic preparedness measures. The cornerstone of AstraZeneca’s investment strategy […]