The British government is planning to launch formal dispute proceedings against the European Union as soon as this week. The UK thinks Brussels is breaking their agreed post-Brexit trade agreement by excluding Britain from three international science projects, according to Bloomberg News. Britain is furious that the EU refuses to grant the UK access to […]
The staffing agency industry’s trade body has hit out at Harrods after the luxury department store threatened to take advantage of new laws allowing it to break strikes using temporary workers. Harrods told its staff it is willing to use temporary workers to keep its shop running after employees at the Knightsbridge shop threatened to […]
More UK companies are set to enter administration this year than last year, analysts have warned. Risk consultancy Kroll said yesterday that it predicted that the UK could face up to 895 company administrations in 2022, compared to just 659 in 2021. So far there have been 522 administrations this year, with an average of […]
Digital trade barriers risk fragmenting the world into regional and national “splinternets” unless governments agree on a shared approach to data regulation and transfers. Financial services lobby TheCityUK yesterday warned that digital trade has become increasingly difficult and costly, with restrictions on international data transfers more than doubling in the last five years. It said […]
Six Scottish start-up businesses have secured a place in The Curiosity Shop, a new space at Virgin Hotels Edinburgh, dedicated to showcasing sustainable Scottish businesses. Created in partnership with Virgin StartUp, Virgin’s not-for-profit incubator for entrepreneurs, The Curiosity Shop features a wide range of beautifully crafted Scottish products, all from businesses whose founders have been […]
UK workers are going into the office an average of 1.5 days a week, with only 13% coming in on a Friday, a survey suggests. Consultancy Advanced Workplace Associates surveyed 43 offices in the UK, representing nearly 50,000 people, in June and July. It suggests average attendance was 29%, with a peak of 39% mid-week. […]
Regulated train fares in England will rise below the rate of inflation next year to help people with the cost of living crisis, the government has said. Before the Covid pandemic, fares were raised in January each year, based on the retail prices index (RPI) measure of inflation from the previous July. The normal formula […]
Amazon could be off the hook for tax in the UK for at least two more years after benefiting from reliefs brought in by Rishi Sunak during the pandemic, a report suggests. The research from the Fair Tax Foundation indicates that the US tech company claimed more than £800m in capital allowances – business expenses […]
New data showed this morning that UK’s trade deficit in goods and services widens again in Q2 to a record £27.9bn. Moreover, monthly imports from Russia dropped to meagre £33m, the lowest since records began and down from over £1.8bn in both January and February of this year. Also during Q2, imports increased by £14.3bn […]
John Lewis is to retire its 97-year-old price pledge “never knowingly undersold” on 22 August but has yet to reveal a catchy new slogan to take its place. The department store chain told customers in an email it will not accept new claims under the pledge from 23 August, instead promising them – rather long-windedly […]