Business - Page 8

UK (Parliament Politic Magazine) –  UK farmers have issued a warning regarding the negative impact of the cool and wet summer on the harvests of various crops, including wheat, oilseed, and potatoes. This has raised concerns about potential food price inflation. The

London (Parliament Politic Magazine) – The boss of the Bank of England, Andrew Bailey, has informed the BBC that interest rates will not decrease until there is concrete evidence that the rapid increase in prices is slowing down. Bailey stated that rates

UK (Parliament Politic Magazine) – Etsy has announced that it will significantly reduce the amount of funds held in reserve for sellers worldwide, following a boycott by UK vendors due to delayed payments. Many sellers have chosen to put their Etsy shops

UK (Parliament Politic Magazine) – Leading provider of ear-piercing products and equipment, Studex, is excited to announce its participation in the upcoming UK Jewellery Festival Trade Event from September 5-6, 2023. This event will serve as a platform for Studex to showcase

UK (Parliament Politic Magazine) – The UK’s financial watchdog, the Financial Conduct Authority (FCA), has issued a stern warning to banks that offer unreasonably low savings rates to their customers. In an effort to ensure that banks pass on interest rate increases

UK (Parliament Politic Magazine) – Citigroup has informed its employees in the United Kingdom that it will implement a system to monitor office attendance, reflecting the growing trend on Wall Street towards stricter remote work policies. According to a memo obtained by

UK (Parliament Politic Magazine) – NatWest has announced its intention to make a substantial payout of £190m to its largest shareholder, the UK government. This move comes in the wake of the recent resignation of chief executive Alison Rose, following a controversy

London (Parliament Politic Magazine) – The British Retail Consortium has identified several factors contributing to the current challenges faced by businesses. These include the burdensome business rates, the ongoing cost of living crisis, and the unprecedented impact of the COVID pandemic. New

London (Parliament Politic Magazine) – British Gas has announced record-breaking first-half profits, reaching nearly £1 billion, following a decision by the energy regulator to permit the recovery of additional funds from household bills. The largest energy provider in the UK has reported

UK (Parliament Politic Magazine) – Amazon offered commitments to the UK Competition and Markets Authority (CMA) on Wednesday, in response to concerns raised by Britain’s competition watchdog regarding the treatment of third-party sellers by the US e-commerce giant. The CMA stated that

UK (Parliament Politic Magazine) – UK businesses are feeling hopeful about their future prospects as they anticipate reaping the benefits of investments in new AI technology. However, confidence has experienced a decline during the first half of the year due to global

UK (Parliament Politic Magazine) – Will construction companies miss out on valuable incentives designed to encourage innovation under a shake-up of the research and development (R&D) tax credits scheme? Her Majesty’s Revenue and Customs (HMRC) states its determination to crack down on

London (Parliament Politic Magazine) –Birmingham Tech Week, the UK’s premier regional tech festival, is set to make a triumphant return from October 16-20. This highly anticipated event will feature an impressive lineup of over 150 speakers, including tech founders, government officials, and

UK (Parliament Politic Magazine) – Online-only savings accounts offered by major banks may soon face extinction, while popular 0% interest credit card deals could be on the verge of disappearing. However, this shake-up in the UK financial services sector, set to take

Labour has today set out plans to deliver a national Warm Homes Plan which would boost job opportunities for almost four million workers, including those working in construction and other skilled trades as well as those joining these professions over the coming

London (Parliament Politic Magazine) – UK retail companies received a delightful surprise this morning, as the Office for National Statistics revealed data indicating a greater-than-anticipated increase in the volume of goods sold last month. However, this boost may be short-lived, as consumer

UK (Parliament Politic Magazine) – Virgin Money has recently announced plans to close almost a third of its network, making it the latest lender to do so. A union is urging a reconsideration as the lender argues that the branches affected are

London (Parliament Politic Magazine) – Small businesses are being provided with an enticing opportunity to establish themselves on Oxford Street, one of the most prestigious shopping destinations in the world. In an effort to revitalize the area and prevent an influx of

UK (Parliament Politic Magazine) – The Prime Minister has recently appointed a new business council to provide valuable insights from the forefront of the business world, as the Government strives to enhance stability and foster growth in the UK economy. This esteemed

The decline of essential services in our rural areas is no longer just an issue – it’s a full-blown crisis. From communities across the Highlands, where my constituents are, to the Welsh countryside, all across the UK, our rural communities are losing

The Labour Party have issued a stark warning about a new generation of sofa surfers as mortgage costs hit their highest level for 15 years with the rate on a two-year fixed deal hitting an eyewatering 6.66%. Mortgage costs have been soaring

UK (Parliament Politic Magazine) – British enterprises should seize opportunities to invest in Shanghai. That was the resounding message conveyed by Shanghai representatives at the Invest in Shanghai, Share the Future promotion event in London. Shanghai, China’s largest city and a prominent

UK (Parliament Politic Magazine) – Financial Secretary to the Treasury, Victoria Atkins, announced today that businesses and charities in the UK will now have access to a complimentary interactive guide. This guide aims to assist their staff in identifying and addressing instances

UK (Parliament Politic Magazine) – British businesses are experiencing a slowdown in hiring, coinciding with a surge in the number of individuals seeking employment. This trend is indicative of the prevailing “lingering uncertainty” surrounding the economic outlook, as revealed by recent data.

London (Parliament Politic Magazine) – Labour currently holds a significant advantage in the opinion polls, making them the likely victors in the upcoming general election. This can largely be attributed to the abysmal economic performance of the UK under the Conservatives. However,

UK (Parliament Politic Magazine) – The United Kingdom is poised to sign a Pacific trade agreement in Auckland next weekend, marking its formal entry as the first new member since the framework’s inception. This development has shifted the focus towards a list

Labour has today set out plans to deliver a national Warm Homes Plan which would boost job opportunities for almost four million workers, including those working in construction and other skilled trades as well as those joining these professions over the coming

UK (Parliament Politic Magazine) – According to a recent survey conducted by the Bank of England, UK businesses are anticipating a rapid increase in prices in response to workers’ demands for higher wages. This finding further reinforces concerns about the potential for

Ticket Offices (Parliament Politic Magazine) – Train companies are moving forward with their plans to shut down numerous station ticket offices throughout England within the next three years. According to the proposals, a few ticket kiosks will still be operational in major

Bank Chiefs (Parliament Politic Magazine) – Bank executives have been called upon by the UK’s financial regulator due to concerns that interest rates on savings accounts are excessively low. While mortgage costs have surged in response to higher interest rates, savings rates

 UK (Parliament Politic Magazine) – Rail passengers are being alerted to potential disruptions over the next six days as train drivers in the Aslef union have initiated an overtime ban. This action will impact fifteen train companies operating in England from Monday

UK (Parliament Politic Magazine) – On Monday, the largest funeral provider in the UK made an announcement regarding the introduction of a new practice called resomation. This innovative method, also known as water cremation or alkaline hydrolysis, will be implemented later this

UK (Parliament Politic Magazine) – A new energy price cap has been implemented, resulting in a reduction in domestic gas and electricity bills. This change is expected to bring about a further, albeit smaller, decrease in prices during the upcoming winter season.

Salesforce (Parliament Politic Magazine) – Salesforce, the renowned CRM platform giant, has made a significant commitment to invest a staggering $4 billion in its UK business over the next five years. This momentous announcement coincides with the commencement of Salesforce’s World Tour London:

Thames Water (Parliament Politic Magazine) –Reports are suggesting that ministers are contemplating the idea of temporarily nationalizing Thames Water due to mounting concerns regarding its capacity to manage its massive debt of £14 billion. According to reports, the government has initiated the

Diddy’s (Parliament Politic Magazine) –The Spirits giant Diageo revealed they will be ending a partnership of 15 years with Sean ‘Diddy’ Combs. As a brand ambassador and joint venture partner he has helped the struggling company Ciroc label. This instant move was in

UK (Parliament Politic Magazine) – Businesses in the UK are under threat after a popular footwear Brand Asics halted their supplies. The company has shared that they will be halting their supplies to all the small retailers and will be favoring the

UK (Parliament Politic Magazine) – The Bank of International Settlements has warned the growing economies to reduce their price growth as this could lead to inflation. The Bank of England in London has stated that the UK needs policies to reduce the price

No more “forward guidance” policy; today, central banks depend on data. And this is bad news for the markets. With monetary policy now more uncertain than ever, massive financial movements can occur at any moment. In this context, what policy to expect

Shares in London were set to open higher on Friday after low unemployment in the United States threw cold water on expectations of an interest rate hike by the Federal Reserve this week. next. Elsewhere on the central banking front, the People’s

For the first time since its independence in 1962, and something that went largely unnoticed, Algeria posted the lowest GDP per capita of the three Maghreb countries in 2021, before the exceptional and brief rise in the price of hydrocarbons observed the

I appreciate that transformative tax changes can make politicians nervous. Indeed, one of my earliest political memories is of the Poll Tax riots. We all know the consequences of trying to shake up the domestic rates system.   Our current property taxes

Halal products and services are increasingly in demand. This demand is expected to generate new investments in this sector and to promote the export and trade of halal products between member countries of the Islamic Development Bank (IDB) and Muslim communities. This

It was heralded as a back to work budget. But back to work ‘incentives’ that reward the wealthy and penalise the poor simply reinforce the underlying problems of the labour market and further entrench the imbalance of wealth and power in this