The Chancellor is expected to use Wednesday’s speech to try and reassure the public on the prospects of the British economy.
Category: News Wire
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Employers see skills shortages ahead as demand for talent rises
Demand for staff in Britain has reached its highest point in 18 months as concerns over skills shortage rise for employers, a new survey of recruiters shows.
Chancellor Phillip Hammond set to hold back on Budget giveaways
During his Budget debut, the Chancellor will warn he is ready to consider more tax hikes and spending cuts to balance the books.
Lord Heseltine sacked as Government advisor for leading Lords’s Brexit rebellion
Former Conservative deputy prime minister Lord Heseltine has been sacked from his role as a Government adviser for leading a rebellion in the House of Lords last night as the Government suffered a second Parliamentary defeat on Brexit in the space of a week.
Consumer boom at an end as prices rise and shoppers cut back
Britain’s consumer boom could be at an end as shoppers cut back their spending last month, paying more for their food as prices started to rise but making savings by splashing out less on clothes and home accessories.
Entrepreneurs urge chancellor to give startups business rate exemption
Entrepreneurs and tech leaders are urging the chancellor Philip Hammond to exempt newly created companies from business rates, adding their voice to a growing chorus of anger at the burden of an imminent rise in costs, and calls for reform.
Direct Line says insurance payout change has cost it £217m
Insurance company Direct Line has said last week’s changes to the way accident victims are compensated has dented pre-tax profits by £217m.
Banking jobs denied to young people due to having ‘wrong accents’
Finance industry executives admit ‘presentation’ at interview is biggest barrier to people from poorer backgrounds getting a job.
John Lewis and Waitrose owner set to reduce staff bonus
Partnership, which is owned by its staff, is expected to announce annual bonus of between 6 per cent and 7 per cent of salary, down from 10 per cent.
ITV’s court victory over online broadcasts sets up showdown with Virgin Media
ITV has scored a court victory over services that re-transmit its broadcasts without permission, setting the scene for a battle this summer with its biggest shareholder, Liberty Global, the owner of Virgin Media.
HMRC gets tough on finance directors at big firms
British tax authorities are clamping down hard on failures in tax accounting from top executives, with penalties against finance directors rising steeply to record highs.
Peugeot-Citroen agrees deal with GM to buy Vauxhall-Opel
The French company that owns Peugeot and Citroen has struck a deal to buy General Motors’ European unit, including Vauxhall.
Vodafone to recruit thousands of women who have taken a career break
Around 96 million skilled women between the ages of 30 and 54 who are on career breaks worldwide, of which an estimated 55 million have experience at middle-manager level and above.
Snapchat shares soar 44% to value loss-making company at $28bn
Snap Inc’s IPO pushes Evan Spiegel and Bobby Murphy’s company ahead of Twitter and potentially creates a serious rival for Facebook.
London Stock Exchange calls merger an “industry-defining combination”
The London Stock Exchange (LSE) this morning labelled its merger with Deutsche Boerse an “industry-defining combination” and is hopeful of agreeing a deal, despite staring down the barrel of a collapse.
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