The UK Hospitality Sector Is On The Brink Of Financial Collapse
Managers of hospitality businesses in the UK are calling on the government to recognise how the soaring energy and food prices have impacted the hospitable sector.
London Fashion Week Show At British Museum Irks Greece
The Greek Minister of Culture, Lina Mendoni, expressed her anger late on Saturday after a London Fashion week show took place in front of the Parthenon Marbles at the British Museum.
UK Economic Revival Predicted: Falling Inflation and Tax Cuts Set Stage for Growth
A recent study conducted by the EY Item Club, a prominent forecasting body sponsored by EY, suggests that the nation is poised for a resurgence in the latter half of the year.
Unexpected Surge in UK Inflation Poses Challenges for Bank of England's Monetary Policy
The United Kingdom experienced an unexpected rise in inflation to 4.0 per cent in December, marking the first increase in the past 10 months.
Bank of England Faces Pressure to Adjust Interest Rates as Inflation Forecasts Take a Surprise Turn
Three prominent forecasters – Oxford Economics, Investec, and Deutsche Bank – have issued updates indicating a potential halving of the inflation rate to two per cent by April, forcing the Bank of England (BoE) to reconsider its timeline for the first interest rate cut.
Bank of England Contemplates Earlier Interest Rate Cut Amidst Forecasts of Decreasing Inflation
Three prominent forecasters, including Oxford Economics consultancy, Investec, and Deutsche Bank, have revised their outlook for inflation in 2024.
New Issue For Holidaymakers As Popular Airline Suspends Flights From Liverpool Airport
Liverpool John Lennon Airport is one of the busiest flight hubs in the UK.
UK To Raise BBC Licence Fee After Two-year Freeze
The UK government announced Thursday that the BBC licence fee will rise after a two-year freeze, but the broadcaster indicated the increase would not be enough to ward off further cuts.
Employing Young People Could Save The Hospitality Sector From A Staffing Crisis
After Brexit, around 92,000 EU workers left the hospitality sector to return to their home country, leaving hospitality leaders pushing vacancies onto young people.
Brexit, COVID And Strikes Have Left Hospitality Businesses In 'Crisis'
UK Hospitality says businesses are left in "crisis" mode after the recent Autumn Statement announced that the standard business multiplier would increase by more than six per cent.
Wealth Inheritance Surpasses Earnings for Next-Gen Billionaires, According to UBS Report
The UBS report revealed that many young tycoons are amassing wealth predominantly through inheritance rather than through their own entrepreneurial endeavours.
Nottingham City Council Issues Notice Signalling Financial Distress
Nottingham City Council issued a Section 114 notice, revealing that the chief financial officer was unable to produce a balanced budget for the current year.
The UK Announces £2 Billion Investment In Automotive Industry
British Finance Minister Jeremy Hunt said the UK will invest £4.5 billion in key manufacturing sectors, including automobiles and green industries.
Will the Autumn Statement Tax Relief and the Media Bill Boost the UK Creative Industries?
The UK government has announced VFX tax relief to boost the UK film and television industry in the Autumn Statement, which, along with the Media Bill, seeks to change how TV shows are made and broadcasted in the UK.
Tories Slammed For Brexit After Bank of England Says It Has 'Chilled' UK Economy
The financial impacts of Brexit have left UK business investment levels "chilled", according to the Deputy Governor of the Bank of England.
UK Government Announces Plans for Further NatWest Stake Sale, Invites Public to Invest
Chancellor Jeremy Hunt disclosed the UK government's intention to explore options for divesting its remaining 38.6 per cent stake in NatWest Group.
Net Migration to UK Hit Record 745,000 in 2022, New Figures Show
The Office for National Statistics (ONS) said the updated data replaces the previous estimate of 606,000, after making revisions to reflect "unexpected patterns" in migrant behaviour.
Jeremy Hunt Announces Significant Tax Cut Amidst Downturn in Growth Forecast
Hunt defended the move, asserting that it aligns with the government's commitment to supporting businesses and individuals during challenging times.
Government Issue Huge Pay Increase As A Step Towards Ending Poverty In The UK
The National Living Wage will increase in 2024 to end low hourly pay for full-time workers and those hit hard by the cost of living crisis across the UK.
Hospitality Workers Are Increasingly Optimistic Despite The Negative Impacts Of Brexit
The Business Confidence Survey reveals that hospitality leaders in Britain are becoming increasingly optimistic despite the challenge of Brexit business rates and inflation.
Disabled People Have To Earn Benefits As Rishi Sunak Aims To Change the 'Unsustainable' Welfare System
The UK government is changing the unsustainable UK welfare system with a new policy change that will reduce benefits for disabled and mentally ill people and make them work from home.
Retail Sales Are At An All Time Low Since Lockdown, According to Reports
Due to the dramatic increase in prices across the UK, retail sale volumes are the lowest that they have ever been since 2021.
UK Government Prepares Crunch Budget With Eyes On Next Election
Britain's Conservative government this week unveils a budget update that could determine its chances of re-election -- or the size of its defeat -- with promises to reinvigorate the economy as the party lags badly in the polls.
Shadow Chancellor Rachel Reeves Plans Pensions Reform to Revitalise UK's Sluggish Economic Growth
Reeves' vision for pension reform envisions redirecting a significant portion of retirement savings towards bolstering the growth of British businesses.
October UK Retail Sales Drop Triggering Recession Worry in the UK Economy
UK retail sales growth declined in October as UK consumers are cautious of spending and saving for Christmas amidst the cost-of-living crisis which has sparked a recession for the UK economy.
UK Workers to Receive Pay Boost with New Real Living Wage
Approximately half a million employees employed by companies committed to the voluntary Real Living Wage are poised to experience a substantial increase in their earnings, bringing their minimum hourly wage to at least £12.
Chief Secretary John Glen Hosts AI Meeting to Boost Public Sector Productivity
John Glen emphasised the potential of artificial intelligence to enhance public services while saving taxpayers' money, illustrating how AI can revolutionise the public sector and increase productivity without breaking the bank.
Ex-Treasury Secretary Hints that the Pain of Osborne's Austerity is Still Being Felt Today
As Britain grapples with a cost of living crisis, the deeper fissures in the economy, including inadequate education and training spend, are more evident than ever.
Businesses Clamour for Certainty and Sustained Tax Rate Break Ahead of Autumn Statement
British business groups have urged the government to formulate a long-term industrial policy, with industry leaders pushing for tax breaks to be made permanent.
F1 Star Vomits In Helmet, Triggers Review Of Race Calendar Over Dangerous Conditions In Qatar
The drivers were visibly dehydrated and exhausted after the hot and humid race in Qatar.