The Bank of England has warned that British high street banks risk losing as much as £30bn from defaults on credit cards and personal loans credit were the economy to take a turn for the worst.
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
Hard Brexit will cost the European Union twice as many jobs as UK
A hard Brexit could cause twice as many job losses in the EU as in the UK, economists based in Brussels have warned.
Deloitte hit by cyber-attack revealing clients’ secret emails
Hackers may have accessed usernames, passwords and personal details of top accountancy firm’s blue-chip clients.
Oil prices jump over 3% on rising demand & production cuts
Oil prices jumped on Monday with the Brent benchmark hitting its highest in more than two years.
Uber denied London licence in shock move that bans cars from city’s streets
Transport for London has denied Uber’s request to renew its licence in London after determining that the car-hailing app is “not fit and proper” to hold the licence.
Deliveroo boss gives himself 22.5% rise amid battle over riders’ pay
Will Shu hikes salary to £125,000 a year as dispute over workers’ status continues and losses mount at the food delivery company.
New government rules will force UK banks to search bank accounts for illegal immigrants
Banks and building societies will be forced to carry out immigration checks on 70m current accounts from January, according to reports in the Guardian.
Slough tops list of best places to work in UK
It may be famous as home to David Brent, the office manager from hell in TV smash The Office, but Slough has been named the best town in the country for jobs.
Fake news worries ‘are growing’
There is growing concern among global net users about fake news online, according to a BBC World Service poll.
Uber to find out London licence decision today
Uber is expected to find out today whether Transport for London will give it a licence to continue operating in the capital.
Ocado share price drops despite booming sales
Online supermarket Ocado has seen its share price slump in early trading, despite releasing a fairly positive trading statement.
Struggling Toys R Us files for bankruptcy protection
Toy giant Toys R Us has filed for bankruptcy protection in the United States and Canada as the retailer struggles under its heavy debt load and a shift towards online shopping.
Male employees want flexible work too
Men in the UK would like to have more options for working flexibly, a report has found.
Full list of Ryanair’s cancelled flights
Chief executive Michael O’Leary has apologised to Ryanair passengers and has admitted it will cause huge inconvenience.
Fall in migration after Brexit could push up inflation, says Carney
Bank of England governor says labour shortages could also raise wages in short term, but Brexit would have only modest impact on prices.
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