US President Donald Trump is “very keen” to agree a trade deal with the UK after it leaves the EU, claims the International Trade Secretary Liam Fox. Fox was speaking on a visit to New York to highlight the historic links between the two countries, where he said the UK was in a “strong position” […]
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A surge in high-risk lending by financial institutions has triggered a warning from The Bank of England about the potential for another economic crash. The Bank says loans to companies already laden with debt are increasing across the world, similar to the sub-prime mortgage market that sparked the 2008 credit crunch. In the United States […]
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Tax rules which exempt the self-employed from paying national insurance are to be scrapped by The Treasury. The targets are a growing number of people who operate as private companies when accepting work. So-called ‘off payroll’ contractors now comprise a third of those claiming to be self-employed, the Treasury estimates. If it continues, the practice […]
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Chancellor Philip Hammond must come up with £2 billion in this month’s budget to help businesses prepare for life after Brexit, say industry leaders. The Confederation of British Industry (CBI) has called on Mr Hammond to set the cash aside to increase investment, improve skills and cut business rates. Mr Hammond will deliver the budget […]
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The UK’s summer heatwave has been blamed for a travel operator’s profits warning that sent shares tumbling by up to 25 per cent. Thomas Cook said warm domestic weather had led to many customers opting for a UK ‘staycation’ this year. This has forced Thomas Cook to offer higher discounts than usual, cutting the full-year […]
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Non-stop flights between London and Sydney could begin in 2022, the boss of Australian airline Qantas said this week. Chief executive Alan Joyce confirmed that he expects to order planes by next year that can make the 20-hour flight non-stop flight. The airline also wants to introduce non-stop flights between Australia and the United States […]
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Supermarket giant Tesco launched a new offensive in its commercial battle with German rivals Lidl and Aldi this week with the launch of a new chain of low cost stores. Chatteris in Cambridgeshire was chosen as the site for the first Jack’s store and a second will follow soon in Immingham, Lincolnshire. The stores are named […]
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MPs have called for regulations to protect investors in Bitcoin and other digital currencies, describing the market as a “wild west” that aids money laundering. Members of the Commons Treasury Committee say that at present investors are unprotected as cryptocurrencies are not regulated by the Financial Conduct Authority (FCA). The committee has produced a report […]
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Robots and other new workplace technology could create more than 133 million jobs worldwide, dwarfing the number of those they put at risk, according to a new report. The World Economic Forum (WEF) says the advent of technology-driven automation will see about 75 million jobs disappear over the next decade with many more being created […]
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The British film industry will get a shot in the arm from an unlikely source if Netflix plans to open a new production base in the country become reality. With more than £6 billion earmarked for new shows annually in the UK, the online entertainment giant is being hindered by a shortage of production space […]
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