Business and Economics
Business and Economics News
Farmers to have £1.8 billion pre-Brexit cash removed amid warning many will go bust
A new parliamentary report warned the “blind optimism” shown by Tory ministers could force many small and tenant farmers in England out of business - but environment secretary George Eustice insists UK farmers are better off since Brexit.
Ladbrokes claimed £102m from furlough scheme despite roaring online trade
Revenues for Ladbrokes owner Entain hit £3.6 billion in 2020 as bored households turning to online gambling and casino games during lockdowns.
New post-Brexit IT system brings lorries importing goods to UK to a halt
"Companies are already having trouble with the system,” one reporter said.
Johnson breaks Brexit vow to slash VAT again as energy bills set to rise
Despite not seeming keen to cut VAT as per the Leave campaign promise, he took the opportunity to say this week that leaving the EU means the UK can now set its own VAT rates.
British businesses may ‘give up importing’ under new rules – Ex-Brexit boss warns
“This is what taking back control of our borders means", Philip Rycroft said.
Only half of EU financial firms apply for license to stay in Brexit Britain
“You could interpret this as the UK having less reach in future," a finance expert has said.
UK economy: 2022 will start ‘on a weakened footing’ and ‘underwhelming performance for year’
To the dismay of households and businesses, energy tariffs spiked while steep hikes in the cost of oil also saw fuel prices shoot up.
Ikea confirms price hike in UK stores…but what’s caused it?
New post-Brexit rules due to come into force from January 1 could also cause delays to shipments as the amount of paperwork required increases.
Northern Ireland’s post-Brexit ties with EU triggers business boom for entrepreneur
"We can post to anywhere in Europe with no customs," the Northern Irish bussinessman has said.