All the updated news related to economic sector

All the news related to economic sector updated in real time

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City

FTSE drops for first time this year as Fed minutes spark sell-off

Traders in Europe gave back some of the gains they made in the first two days of 2022 on Thursday after an update from the US central bank left them worried that it might reduce its Covid support sooner than expected. Markets across the continent ...

06 Jan 2022 at 18:55

What is behind the cost-of-living ‘crisis’ and what can we do to cope?

Households are already seeing significant rises in the cost of living starting to place serious strain on their budgets, and that’s before soaring energy prices and the National Insurance increase hit. What is causing the situation, what can we ...

06 Jan 2022 at 13:25

City

Ten Entertainment strikes strong new year trading despite Omicron

Bowling operator Ten Entertainment reported its second biggest trading week over the new year as it hailed “strong” demand from families despite pandemic fears. Shares in the company lifted on Thursday morning after it told investors that it ...

06 Jan 2022 at 14:25

Personal Finance

Late tax return penalties will be waived for a month due to Covid-19 pressures

The taxman is waiving late filing self-assessment penalties for one month, giving people extra time if needed to complete their 2020/21 tax return and pay any tax due. Covid-19 is affecting the capacity of some people to meet their ...

06 Jan 2022 at 14:25

No 10 ploughs on with National Insurance hike despite Rees-Mogg’s calls

Downing Street was resisting calls to scrap the National Insurance hike despite a Cabinet rift over concerns it will heap further pressure on households struggling with the soaring cost of living. No 10 insisted on Thursday there ...

06 Jan 2022 at 13:55

City

Competition watchdog chief to quit after six years

The chief executive of the competition watchdog has announced he will quit the organisation in the summer. Competition and Markets Authority boss Andrea Coscelli is set to stand down in July after six years in the job. Chairman ...

06 Jan 2022 at 13:55

Manufacturing growth remains robust as signs point to easing supply chain woes

Britain’s manufacturing sector grew at a faster pace than first thought in December amid signs the supply chain crisis may be finally easing, according to new figures. The closely-followed IHS Markit/CIPS manufacturing ...

04 Jan 2022 at 12:25

Rail disruption on first morning commute of 2022

Rail passengers were hit by disruption on the first working day of the year in England and Wales due to a combination of faults and coronavirus-related staff shortages. No London Overground services were able to run ...

04 Jan 2022 at 09:55

Burger King launching vegan nuggets in aim to be 50% meat-free by 2030

Burger King is to launch vegan nuggets across the UK from Wednesday as part of a pledge to make its menu 50% meat-free by 2030. The fast food giant said the new nuggets will taste the same as the meat originals ...

04 Jan 2022 at 11:55

Households putting less money in savings and borrowing more on credit cards

Households are spending more on credit cards and putting less money into savings amid the cost of living squeeze. The Bank of England said net consumer credit borrowing totalled £1.2 billion in November 2021. ...

04 Jan 2022 at 11:55

World

Activists call on Tesla to close new Xinjiang showroom

Activists are appealing to Tesla to close a new showroom in China’s north-western region of Xinjiang, where government officials are accused of abuses against mostly Muslim ethnic minorities. The appeals add ...

04 Jan 2022 at 10:25

Drivers slapped with more than 22,000 parking tickets every day

Drivers are being handed an average of more than 22,000 tickets every day by private parking firms, according to new research. Companies issued four million tickets to British motorists between April and ...

04 Jan 2022 at 10:25

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