Train services across Great Britain are set to face significant disruptions in early May as the Aslef union announces a fresh series of rolling 24-hour strikes targeting multiple national rail operators. Scheduled from May 7th to May 9th, the strikes will impact all operators contracted to the Department for Transport (DfT), affecting commuters and travellers […]
Independent shopkeepers have accused Tesco of undercutting them by selling products for less in its stores compared to its wholesale business, Booker, raising concerns about Tesco’s dominance in the grocery market and its impact on local retailers. Despite Tesco’s acquisition of Booker in 2017, promising benefits to independent retailers, shop owners claim that a significant […]
Asda, the UK’s third-largest supermarket chain, has reported a slowdown in sales growth for the fourth quarter of its latest financial year, posing challenges for its owners who are striving to enhance sales while reducing costs. Like-for-like sales increased by 2.2% in the fourth quarter, contributing to an annual sales growth of 7.1% to £21.9 […]
Former Heathrow Airport CEO John Holland-Kaye has come under scrutiny after it was revealed that he received a record pay package amounting to £6.4 million, according to the airport’s annual report. This substantial payout included an annual bonus exceeding £1.2 million, despite flights experiencing average delays of 20 minutes throughout the year. Holland-Kaye, who served […]
Eurostar’s CEO has revealed that an app aimed at facilitating border checks for UK travellers crossing the Channel will not be ready in time for the European Union’s planned implementation of the Entry Exit System (EES) in October. This delay raises concerns about potential long queues for UK travellers at EU border terminals. Under the […]
Amid concerns over potential disruption and system readiness, the UK government has reportedly informed port health authorities of its decision to delay the commencement of health and safety checks on imports from the European Union (EU) as part of new post-Brexit border controls. According to reports, a presentation prepared by the Department for Environment, Food […]
Sir Dave Ramsden, the Bank of England’s deputy governor overseeing markets, has indicated that inflation is expected to stabilise at 2% in 2024, potentially signalling the possibility of interest rate cuts. His remarks diverge from the Bank’s previous forecasts, suggesting a potential revision in the inflation outlook set to be released next month. Ramsden’s comments […]
The Conservative Party is weighing the option of implementing a stamp duty cut ahead of the general election through the autumn statement, aiming to woo voters with a pre-election offer. The proposed measure involves raising the stamp duty threshold from £250,000 to £300,000, potentially resulting in significant tax savings for homebuyers and injecting momentum into […]
India has intensified negotiations with the UK, seeking exemption from the UK’s planned carbon tax as part of efforts to secure a free trade deal before the UK election. The discussions, occurring amidst India’s impending general election campaign, are crucial for Rishi Sunak’s government, which aims to finalize the agreement despite time constraints. The Indian […]
Despite hopes of a resurgence in consumer spending fueled by the early Easter holiday, retail sales in the UK unexpectedly stalled in March, painting a mixed picture of the nation’s economic recovery. Official data released by the Office for National Statistics revealed that retail sales volumes remained stagnant over the month, defying analysts’ expectations of […]