Retailers are putting up prices at the fastest rate since 1990 according to industry figures that add to evidence of a cost of living squeeze this winter. A CBI survey also suggested that sales have been boosted by consumers starting their Christmas shopping early because of fears over supply disruption. Clothing and department stores saw […]Read More

There is limited evidence that Rishi Sunak’s GBP2bn jobs programme for young people is working, according to a new report. The National Audit Office (NAO) watchdog warned that the government has “limited assurance” over whether the Kickstart scheme, aimed at 16 to 24-year-olds, is having any positive effect or creating high quality jobs. The government […]Read More

Extinction Rebellion (XR) activists have blocked more than a dozen Amazon depots across the UK as Black Friday protests cause severe disruption for drivers. The activist group tweeted that it is blockading fulfilment centres at 13 sites across the UK, including Manchester, Bristol, Tilbury in Essex and Dartford in Kent. The group posted a video […]Read More

Google’s Irish subsidiary has agreed to pay EUR218m (GBP183m) in back taxes to the Irish government, according to company filings. The US tech company, which had been accused of avoiding hundreds of millions in tax across Europe through loopholes known as the “double Irish, Dutch sandwich”, said it had “agreed to the resolution of certain […]Read More

Britain’s crisp shortage has begun to ease but supplies on shelves remain low, with a quarter of shops still struggling to find stock. Multipack crisps were ranked the lowest in availability, with 29 per cent of stores recorded as either having “none” or “low” according to the Office for National Statistics, which monitored supplies between […]Read More

Fears of gift shortages over Christmas sparked the strongest monthly rise in retail sales in November since May 1990, according to the CBI. Retailers reported the strongest sales for the time of year since September 2015 and said they expected the level to remain above seasonal norms to a similar extent next month. The CBI’s […]Read More

Car production slumped by 40 per cent in Britain last month as manufacturers grappled with a shortage of semiconductors on top of disruption caused by the Covid pandemic. It was the fourth monthly drop in a row and contributed to the weakest October output since 1956, according to the Society of Motor Manufacturers and Traders […]Read More

Financial investments are the most lucrative way to increase income, but they don’t come without risks. Until recently, term deposits or savings accounts were the go-to options, but lately, alternatives such as crypto coins (Bitcoin, Ethereum) have been considered. Their popularity is proven by the size of their market, which currently reached $3,000billions, according to […]Read More