The new Chancellor of the Exchequer has said he may use the Autumn Statement to “reset” Britain’s economic policy.
Category: News Wire
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Mobile banking on the rise as payment via apps soars by 54% in 2015
High street bank branches see 32% decline in visits since 2011 as consumers turn to online methods – with digital-only banks adding to the competition
Sports Direct: Mike Ashley turned blind eye to ‘appalling conditions’ for staff, MPs say
MPs have called for Sports Direct to review its corporate governance structure after concluding that founder Mike Ashley may have turned a blind eye to the “appalling” workplace conditions at the retailer.
Post-Brexit sterling slump costs Easyjet £40m, says boss
The boss of Easyjet says the airline has seen its costs increase by £40m ($53m; €48m) in just four weeks, as a result of the pound’s drop in the wake of Britain’s vote to leave the EU.
Standard Chartered and UBS assets seized in Singapore fraud case after ‘control failings’
More than $3.5 billion was misappropriated and about $1 billion laundered through the US, the US Justice Department said as it launched what could be its biggest ever seizure of ill-gotten gains
Business secretary holds crisis talks with Tata Steel bosses and unions
Union leaders ‘encouraged’ by meeting with Greg Clark but say his words must be followed by firm action to save jobs
Watchdog’s plan to let switching sites ‘hide’ energy deals should be rejected, say MPs
The competition watchdog’s plan to let price comparison websites ‘hide’ energy deals that don’t earn them commission should be rejected because it will erode consumer trust, MPs have warned.
Drivers sue Uber over employment rights
Cab hire service Uber has been taken to a London employment tribunal by two of its drivers who claim it is acting unlawfully by not offering holiday and sick pay.
Unemployment falls below 5 per cent but warnings of Brexit impact
The proportion out of work was 4.9 per cent in the March to May period, the lowest since July to September 2005
Customers of collapsed tour operator may get £8 each in compensation
Consumers vent anger at Lowcostholidays, which fell into administration last week, affecting nearly 140,000 bookings
IMF slashes UK growth forecasts after Brexit – but Britain will still outstrip Germany, France and Italy
The International Monetary Fund (IMF) has slashed its forecasts for UK growth following the vote to leave the European Union, yet the British economy is still expected to grow faster than that of Germany, France and Italy next year.
May tells her ministers: Make brexit work
The new Prime Minister is holding her first Cabinet meeting, less than a week since she took over from David Cameron.
ARM’s sale shows the limits of British patriotism
Anyone who cares about Europe’s technology scene will be sad to see ARM Holdings become a unit of Japanese conglomerate SoftBank
Middle-income families in UK resemble the poor of years past
Households on middle incomes receive 30% of income from benefits and tax credits, a rise on 20 years ago, report finds
Young suffer as pensioners continue to prosper, says IFS
Young people have suffered a drop in income since the financial crisis, but pensioners have enjoyed a big rise, the Institute for Fiscal Studies has said.
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