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 […]
The cost of petrol will stay at £1.80 a litre or more unless supermarkets cut their artificially high prices, a fuel campaign group has warned. Fair Fuel UK has accused retailers of “blatant unchecked profiteering” as prices at the pump increase over the summer despite a fall in the price of crude oil. Howard Cox, […]
British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, today announces a commitment of up to €25 million to Wilshire’s European Venture Capital Fund II through its Managed Funds Programme. This will be Wilshire’s second European venture capital fund-of-funds and will target venture capital managers that are based primarily in the UK […]
Alan Sugar is under pressure to clarify his tax status in the UK after he took a leave of absence from the House of Lords and paid himself a £390m dividend. The Financial Times are reporting that the British entrepreneur and star of the UK and Australian version of The Apprentice received the payment from […]
Starling Bank revealed it has hit its first full year profits today as the digital lender swings into the black from a £30m loss last year. The London-based bank, which offers both personal and business banking, posted pre-tax profits of £32.1m for the 12 months to the end of March. Unlike digital rivals Monzo and […]
A growing number of financially squeezed households are “turning to crime” by submitting bogus insurance claims, with data revealing a sharp rise in cases over the past year. Zurich UK, one of Britain’s biggest insurers, said the cost of living crisis was fuelling the increase in insurance fraud, where people exaggerate or make up claims […]
The latest figures from HM Revenue and Customs (HMRC) show that the inheritance tax receipts they received increased by £300 million to £1.8bn in the three months period of April 2022 to June 2022. This is an increase from the same period in the previous year, and continues the upwards trend over the last ten […]
Morses Club has signalled that it could cut compensation payouts to borrowers after it became the latest sub-prime lender to warn that its future is threatened by customer complaints over mis-sold loans. Provident Financial and Amigo have already caused controversy by using a legal process called a scheme of arrangement to reduce the amount of […]