A hard-line immigration policy risks tightening the labour market further and choking off economic growth in the capital, a top London business body has warned Tory leadership contenders. In an open letter to Rishi Sunak and Liz Truss urging them to consider the “special needs” of London, the London Chamber of Commerce said the capital […]
As the cost of living crisis continues, over 30m Brits have been forced to seek an additional source of income due to the pinch on their finances. Shockingly, this is a staggering 65 increase in just four months, since February this year, according to new research. Younger people are most keen to secure new income […]
The number of restaurants falling into insolvency has increased by more than 60% in the past year amid worker shortages and the cost of living crisis, which has forced customers to cut back on spending. New data from the accountancy firm UHY Hacker Young showed that 1,406 restaurants in the UK closed their doors in […]
The number of jobs being advertised offering bonuses has more than doubled since the start of last year, as employers seek to fill staff shortages without committing to inflation-proof pay rises. Mounting concerns that the UK is headed into an economic downturn have led companies to contain costs while trying to attract talent amid record […]
Britain’s next prime minister must accelerate the pursuit of trade deals to prevent a further sharp rise in costs as global supply chains are overhauled, according to the country’s leading business group. Tony Danker, director-general of the CBI, warned that the West’s shift away from countries including Russia and China risked becoming “incredibly expensive” for […]
The cost of servicing government debt has hit its highest point in 25 years because of rising inflation. The cost of interest payments on government debt was £19.4 billion, more than double that of June 2021, official figures show — the highest since records began in 1997. Government bonds are indexed to the retail prices […]
Total tax receipts are up by £90.5 billion in the 12 months to June, over the prior year. Say leading tax and advisory firm Blick Rothenberg. Paul Haywood-Schiefer, a Senior Manager at the firm said: “Total tax receipts remain very strong – with a £90.5 billion increase over the last 12 months.” He added: “HMRC […]
London is the top city in the world for global, remote workers, followed by Toronto and Buenos Aires. The UK is home to the most organisations hiring global, remote working in the EMEA region, followed by Germany and France, respectively. The first half of this year saw a 154 per cent increase in UK employers […]
An uptick in sales of food during the Jubilee weekend was offset by slower sales across the rest of the retail sector to see June retail volumes drop 0.1 per cent compared to previous month. The Jubilee weekend saw food shops sell 3.1 per cent more food last month than they did in May, as […]
Lisa Osofsky’s position as Britain’s chief fraud fighter was spared after a critical report on prosecution failures called for an overhaul of processes at the Serious Fraud Office but not for her head. The analysis by Sir David Calvert-Smith — a former director of public prosecutions and a retired judge — found that there was […]