Business and Economics
Business and Economics News
HSBC sees profits more than double on rising interest rates
The bank posted pre-tax profits of 21.7 billion US dollars (£16.9 billion) for the first half of 2023, up from 8.4 billion US dollars (£6.6 billion).
Outrage as British Gas profits soar by nearly 900%
Prem Sikka called the obscene profit making "legalised robbery", while Zarah Sultana said it is "time to bring energy into public ownership".
The death of the high street: Britain loses 6,000 storefronts in five years
The highest vacancy rates were in the North East and the Midlands, followed by Wales and Scotland, according to the BRC-LDC Vacancy Monitor.
Government’s flagship Brexit trade deal will have ‘no major economic gains for UK’
Academics say any gains will depend on the possible future expansion of the CTPPP, which as things stand looks both unlikely and undesirable.
Tata to build £4bn battery plant to UK – in exchange for hefty government bounty
Ministers have remained tight lipped about the taxpayer-funded bung, thought to be worth in excess of £500 million.
Brexit could see Vauxhall abandon Luton after over 100 years
With 70 per cent of vans being exported into mainland Europe, tariffs could make the future of the plant unworkable.
Unbelievable: UK taxpayers could bail out water firm owned by China and Abu Dhabi
Thames Water had no debt when it was privatised by Margaret Thatcher in 1989.
It’s official: End of free movement has not increased wages
The Migration Advisory Committee found few businesses that had depended on EU staff had raised wages to attract UK workers.
Post-Brexit border controls to drive up food inflation in the UK
In 2017, Jacob Rees-Mogg claimed Brexit would reduce food, wine and clothes costs by 20 per cent as he hit out at 'Project Fear' Remoaners.