Business and Economics
Business and Economics News
The retailers which disappeared from UK high streets in 2020
A much-altered retail space will greet shoppers when we emerge from the pandemic.
Watch what happens to the UK’s debt pile under the Conservatives
It means the UK’s overall debt is now around 99.5 per cent of gross domestic product (GDP), which is a measure of the size of the economy – a level not seen since 1962.
‘Very rough start to the Christmas week’ as stock markets and sterling take hit over Covid-19 and Brexit fears
The pound could see a “severe downside shock if there is no deal by Christmas”.
UK firms ‘face £34bn VAT bill’ for transporting goods across EU countries
It comes as thousands of lorries queued for miles on Kent roads as businesses sought to transport their goods into the EU before the end of the transition period.
Serco: As revenues to hit £3.9bn this year it has finally agreed to return furlough cash
The company faced a backlash from politicians and unions earlier in the year when it first floated the idea of paying out a dividend from excess profits made from its services during the pandemic.
Fifty years of tax cuts for rich did not trickle down – study concludes
The research comes at a crucial time as policy makers weigh up how pay for the coronavirus pandemic.
Government ‘fails to listen’ as redundancies reached record high
“Help from the Government throughout this crisis has often been haphazard – with constant U-turns, delays in policy changes and a lack of leadership."
UK economy suffers largest annual slump of all G20 nations
According to the OECD the British economy is 9.6 per cent smaller than at the end of the third quarter in 2019.
Brexit: Public urged not to panic-buy as retailers ‘have no choice’ but to pass on price rises to customers
“With many people’s finances already strained by the economic impact of coronavirus, households can ill-afford a significant rise in food prices."