UK manufacturers have reported the joint-strongest growth in orders since records began and the fastest increase in output since July, according to the latest CBI’s industrial trends survey. The order book index, which measures how much orders are above or below normal, rose to +26 in May from +14 in April, matching previous records from […]
Consumer confidence has fallen to a record low as concern grows about whether households will be able to afford rising utility, food and fuel bills. Confidence, as measured on the monthly barometer by GfK, fell two points to minus 40, the lowest score since records began in 1974. The results of the online survey of […]
With a £2.06 billion fortune, Johnny Boufarhat is the wealthiest person in the Young Rich List, of people in the UK aged 30 and under. That is according to the new edition of The Sunday Times Rich List, published today online at thesundaytimes.co.uk/richlist and in the print edition of the newspaper on Sunday, May 22. […]
Breadcrumb Trail Links Telecom News Chinese state-championed telecommunications firm poses threat to Canada’s national security, Francois-Philippe Champagne says Author of the article: Bloomberg News Erik Hertzberg and Brian Platt A staff member of Huawei uses her mobile phone at the Huawei Digital Transformation Showcase in Shenzhen, China. Photo by Wang Zhao/AFP via Getty Images Article […]
The chancellor Rishi Sunak has called on businesses to ramp up investment in training and innovation to help alleviate a cost of living squeeze, in a speech to the country’s top business chiefs last night. Speaking to the Confederation of British Industry, Sunak said that while government investment had risen to its highest level since […]
The maker of Mr Kipling cakes and Bisto gravy has said it will have to raise its prices as the costs of wheat, dairy and energy soar. Alex Whitehouse, Premier Foods’ chief executive, said the company was facing inflationary pressures of more than 10 per cent within its business and that while it would try […]
Royal Mail has said it will need to rise prices and cut costs in the face of soaring inflation. The company warned that it sees “significant headwinds” from rising costs including wages, energy and fuel. Royal Mail revealed that it aimed to make cost savings of £350m over the course of its current financial year […]
The chairman of Marks & Spencer has backed government plans to override parts of the Northern Ireland protocol, saying that some food exported south of the border now requires 700 pages of customs documents, partly written in Latin. Archie Norman, a former Conservative MP, called on the UK government and EU to come to an […]
The business department’s handling of Covid support schemes left an “open goal” to fraudsters and embezzlers that has added “billions to taxpayer woes”, parliament’s spending watchdog has found. In its review of the annual report of the Department for Business, Energy and Industrial Strategy (BEIS), the Public Accounts Committee (PAC) said it recognised that the […]
The UK’s unemployment rate has fallen to its lowest in nearly fifty years but workers are still suffering sharp falls in real income as wage growth lags behind soaring inflation. Figures from the Office for National Statistics (ONS) showed that the country’s jobless rate dropped to 3.7 per cent from 3.8 per cent in the […]