Business and Economics
Business and Economics News
Britain could become ‘world capital of money laundering’ if freeports go ahead
Sir Ed Davey, Liberal Democrats home affairs spokesman, also slammed the concept and said: “There is a real fear that Boris's free ports idea could turn the UK into the world capital of money laundering.”
Primark rejects Rishi Sunak’s £30 million bonus amid signs of encouraging sales
The move will heap pressure on other businesses to turn down the £9 billion handouts from the Treasury.
Don’t ignore the economic evidence in the same way you ignored the science
The long-term economic evidence points to a sustained period of depressed activity - government policy must be modelled on this assumption.
One in ten UK SMEs have lost all their business during lockdown
"It is tragic, but not unexpected, to hear that small businesses have suffered so badly during the pandemic.”
At least 150,000 jobs cut or put at risk during lockdown
The list of job losses in full.
10,000 jobs axed in one morning as scale of job crisis becomes clear
Burger King, Rolls-Royce, John Lewis and Boots all announced significant cuts to their workforce today.
Sunak announces half price meals every Monday to Wednesday during August
The discount can be used ‘unlimited times’ and will be available at participating restaurants across the UK.
UK unemployment rate could hit 15% after second Covid wave
Global jobless levels may end up being more comparable to those of the 1930s than 2008, officials said.
The UK’s looming unemployment catastrophe
With a recession set to be far worse than that of 2008, career prospects have never been more dire.