For many small and medium sized businesses (SMEs) going online was vital for their survival over the past two years and also opened up new markets and presented opportunities for growth. As businesses were forced to close due to lockdowns and...
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22nd Jan 2022 | Updated at 12:16pm 22nd Jan 2022
As housing market slows in UK, mortgage demand falls
According to a recent survey from the Bank of England (BoE), mortgage demand falls from a measure of -35.3 in the third quarter to -34.8 in the last quarter. The data, which was conducted between 22 November and 10 December, showed demand for...
Sunak likely to cut income tax, slash VAT
Chancellor Rishi Sunak is preparing to cut income tax by 2 pence to the pound or slash rates of Value Added Tax (VAT) before the next election, says a report. Sunak has reportedly told officials to chalk up detailed plans to reduce the tax burden,...
The UK economy grew by 0.9% in November, a rise that saw it recover all of its pandemic losses and offered hope that a further bounce back this year is on the cards. The ONS said GDP should beat pre-pandemic levels for the fourth quarter as...
According to a recent survey from the Bank of England (BoE), mortgage demand falls from a measure of -35.3 in the third quarter to -34.8 in the last quarter....
Following the footsteps of JD Sports executive chair Peter Cowgill, SSA Investments, the family office of B&M CEO Simon Arora, sold 40 million shares overnight at a price of 585p. Earlier, Sports executive chair Peter Cowgill surprised the market...
Some companies in UK are now planning to launch a four-day working week, leading to questions of how they work and what their main benefits are. Arguments have raged for years over how long the working week should be, with some believing that...
UK families have suffered the sharpest fall in the amount of cash available with them to spend for almost eight years due to high inflation and rising energy bills. The index, which measures households’ overall perceptions of financial wellbeing,...
The Bank of England policymaker Michael Saunders has said he wanted more information about the impact of the new Coronavirus variant - Omicron, before deciding how to vote this month. He said it might slow the British economy, however, it could...
Chancellor Rishi Sunak is preparing to cut income tax by 2 pence to the pound or slash rates of Value Added Tax (VAT) before the next election, says a...
A prominent survey reveals high export sales have helped the UK services sector record another strong month of recovery. The IHS Markit/CIPS Purchasing Managers’ Index (PMI) for UK services gave the industry reading of 58.5 in November, a modest...
Six more energy firms in UK face closure before Christmas, thereby throwing hundreds of thousands of households on the brink of losing their energy supplier....
