Business and Economics
Business and Economics News
London construction sector loses patience with Brexit indecision
"Three years on and the long, unrelenting shadow of Brexit uncertainty is testing the mettle of the construction industry."
Sterling falls to seven-month low against euro just days before school holidays
The pound has lost 6% of its value against the currency since the start of May.
Brexit – Pound worst-performing major currency in world
Traders are concerned that a no-deal Brexit is more likely, after both Conservative leadership candidates toughened their positions.
Brexit – “Working people facing huge uncertainty” Economists warn of slowing growth in UK jobs
“Employment growth is showing increasing signs of fraying."
Second World War hero and computer pioneer Alan Turing face of new £50 note
The Bank of England announced that the wartime code-breaker will appear on the polymer £50 which is expected to enter circulation by the end of 2021.
High street sales ‘suffered worst June on record’ over Brexit uncertainty
High street sales in June fell by the biggest margin on record for the summer month, with shoppers sitting on their hands over Brexit uncertainty, according to new data. The British Retail Consortium (BRC) described the state of the UK high street as “bleak”, and also revealed that average total sales in the three months to June have fallen into negative territory of 0.1%. Retailers were helped by online sales, which rose 4% in June for non-food products compared with...
Only one in eight British workplaces now enforce a smart dress code
Half of workers now follow a casual or smart casual dress code at work, allowing for jeans and other dress-down styles.
Thousands of City workers at risk as Deutsche Bank axes 18,000 jobs globally
Thousands of City workers are fearing for their jobs after Deutsche Bank confirmed plans to cut 18,000 jobs across its global business. The firm, which employs around 8,000 in the UK, is telling staff about the details of the major redundancy plans at its London offices this morning. The layoffs come two months after the company’s chief executive, Christian Sewing, promised shareholders tough cutbacks to save more 1 billion euros (£880 million). Job losses come just over a year after...
Pensions Regulator could pursue Sir Philip Green’s overseas assets
The Pensions Regulator could target Sir Philip Green’s overseas assets to secure promised contributions to Arcadia’s pensions scheme. Guarantees given by Sir Philip and Lady Tina Green include a £100 million “cash” payment from Lady Tina, £75 million over three years from Arcadia Group Ltd (AGL), and a further £210 million in security from AGL. The pledges were made as part of a series of company voluntary arrangements (CVAs) which are subject to final approval on Wednesday, the Work and...