Another high street retailer issues a price hike warning amid the Chancellor's Budget - London Business News | Londonlovesbusiness.com
Next warns of slowing sales due to higher operational costs and impending price hikes amid economic uncertainty, but it anticipates profit growth through efficiency.
Drop in Boxing Day sales footfall as Brits opt to spend their money online
Footfall in UK retail destinations has significantly dropped this Boxing Day, indicating changing consumer behaviors amid the ongoing cost of living crisis.
New Look speeds up store closures as budget fallout bites
New Look plans to close a quarter of its stores due to rising costs and tax impacts.
Major retailer to close stores due to Chancellor's 'tax on jobs' Budget - London Business News | Londonlovesbusiness.com
Shoe Zone will close stores due to Labour's tax hike, impacting their profits and employment due to increased national insurance and minimum wage costs.
Retail footfall 'limped to the finish line in December' for the second consecutive year - London Business News | Londonlovesbusiness.com
UK retail footfall declined for the second consecutive year, with shoppers gravitating towards retail parks instead of high streets during December 2023.
Another high street retailer issues a price hike warning amid the Chancellor's Budget - London Business News | Londonlovesbusiness.com
Next warns of slowing sales due to higher operational costs and impending price hikes amid economic uncertainty, but it anticipates profit growth through efficiency.
Drop in Boxing Day sales footfall as Brits opt to spend their money online
Footfall in UK retail destinations has significantly dropped this Boxing Day, indicating changing consumer behaviors amid the ongoing cost of living crisis.
New Look speeds up store closures as budget fallout bites
New Look plans to close a quarter of its stores due to rising costs and tax impacts.
Major retailer to close stores due to Chancellor's 'tax on jobs' Budget - London Business News | Londonlovesbusiness.com
Shoe Zone will close stores due to Labour's tax hike, impacting their profits and employment due to increased national insurance and minimum wage costs.
Retail footfall 'limped to the finish line in December' for the second consecutive year - London Business News | Londonlovesbusiness.com
UK retail footfall declined for the second consecutive year, with shoppers gravitating towards retail parks instead of high streets during December 2023.
UK economy set to contract as business confidence hits two-year low
Britain's economy faces contraction as business confidence hits a two-year low following Chancellor Reeves's budget.
UK on the brink of a recession and jobs 'will be cut sharply' as Labour is 'killing businesses and jobs' - London Business News | Londonlovesbusiness.com
The UK economy is stagnating, with predictions of recession as business activity declines and growth expectations drop.
Business confidence at lowest level since Liz Truss's mini-Budget, new survey shows
Business confidence in the UK has reached a historic low, raising concerns about economic stability and future growth.
Firms to raise prices amid tax and wage 'pressures'
Businesses are under significant financial pressure, leading to widespread price increases and low confidence in the UK's economic outlook.
UK job vacancies fall at fastest pace since pandemic as business mood darkens
UK employers are significantly reducing recruitment efforts amid growing economic concerns, reflected in the decline of job vacancies and hiring activities.
Business confidence plummets amid the Chancellor's national insurance hike - London Business News | Londonlovesbusiness.com
Concern about taxation has sharply increased among UK businesses, reaching a record high since the BCC began tracking in 2017.
UK economy set to contract as business confidence hits two-year low
Britain's economy faces contraction as business confidence hits a two-year low following Chancellor Reeves's budget.
UK on the brink of a recession and jobs 'will be cut sharply' as Labour is 'killing businesses and jobs' - London Business News | Londonlovesbusiness.com
The UK economy is stagnating, with predictions of recession as business activity declines and growth expectations drop.
Business confidence at lowest level since Liz Truss's mini-Budget, new survey shows
Business confidence in the UK has reached a historic low, raising concerns about economic stability and future growth.
Firms to raise prices amid tax and wage 'pressures'
Businesses are under significant financial pressure, leading to widespread price increases and low confidence in the UK's economic outlook.
UK job vacancies fall at fastest pace since pandemic as business mood darkens
UK employers are significantly reducing recruitment efforts amid growing economic concerns, reflected in the decline of job vacancies and hiring activities.
Business confidence plummets amid the Chancellor's national insurance hike - London Business News | Londonlovesbusiness.com
Concern about taxation has sharply increased among UK businesses, reaching a record high since the BCC began tracking in 2017.
13,500 shop will close for their last time in what has been a brutal year for independent retailers - London Business News | Londonlovesbusiness.com
The UK retail sector faced severe challenges in 2024, with over 13,000 shops closing, significantly affecting independent retailers.
Labour's promise to save the high street by increasing rates bills of bigger businesses will misfire for UK economy - London Business News | Londonlovesbusiness.com
The UK Government's new business rates legislation could jeopardize economic growth and burden larger retailers.
13,500 shop will close for their last time in what has been a brutal year for independent retailers - London Business News | Londonlovesbusiness.com
The UK retail sector faced severe challenges in 2024, with over 13,000 shops closing, significantly affecting independent retailers.
Labour's promise to save the high street by increasing rates bills of bigger businesses will misfire for UK economy - London Business News | Londonlovesbusiness.com
The UK Government's new business rates legislation could jeopardize economic growth and burden larger retailers.
Bank of England casts doubt on 'Britcoin' launch amid privacy and cost concerns
The UK's 'digital pound' project faces skepticism, slowing its development and raising doubts about its launch before 2030.
Labour's Budget impact set to add to upward wages pressure - London Business News | Londonlovesbusiness.com
Wage growth in the UK remains strong, significantly outpacing inflation, leading to increased household spending power.
Bailey warns of job cuts, raised prices among SMEs amid the Budget and predicts interest rates for 2025 - London Business News | Londonlovesbusiness.com
Over half of UK employers plan job cuts due to rising costs and economic uncertainty following national insurance increases.
Bank of England casts doubt on 'Britcoin' launch amid privacy and cost concerns
The UK's 'digital pound' project faces skepticism, slowing its development and raising doubts about its launch before 2030.
Labour's Budget impact set to add to upward wages pressure - London Business News | Londonlovesbusiness.com
Wage growth in the UK remains strong, significantly outpacing inflation, leading to increased household spending power.
Bailey warns of job cuts, raised prices among SMEs amid the Budget and predicts interest rates for 2025 - London Business News | Londonlovesbusiness.com
Over half of UK employers plan job cuts due to rising costs and economic uncertainty following national insurance increases.
It's a huge problem': what's gone wrong at the ONS and why does it matter?
The ONS faces scrutiny over inaccurate job statistics that undermine policy decisions amidst rising unemployment.
UK businesses expect revenue surge and ramped-up hiring in 2025
British companies expect growth in 2025, with many anticipating higher turnover and increased hiring despite challenges like rising national insurance costs.
Unemployment steady but long-term problems persist - London Business News | Londonlovesbusiness.com
The UK's low unemployment rate is misleading due to high economic inactivity, necessitating government action to improve workforce engagement.
It's a huge problem': what's gone wrong at the ONS and why does it matter?
The ONS faces scrutiny over inaccurate job statistics that undermine policy decisions amidst rising unemployment.
UK businesses expect revenue surge and ramped-up hiring in 2025
British companies expect growth in 2025, with many anticipating higher turnover and increased hiring despite challenges like rising national insurance costs.
Unemployment steady but long-term problems persist - London Business News | Londonlovesbusiness.com
The UK's low unemployment rate is misleading due to high economic inactivity, necessitating government action to improve workforce engagement.
UK economy contracts again in October, defying hopes of a rebound
The UK economy shrank unexpectedly by 0.1% in October, reflecting significant uncertainty and high interest rates affecting consumer and business spending.
CBI downgrades economic growth amid Labour's Budget - London Business News | Londonlovesbusiness.com
UK economic growth is expected to be slower than previously forecasted, with GDP growth at 0.9% in 2024 and 1.6% in 2025.
Sharp fall in UK business activity forecast as economic gloom deepens
British firms foresee a significant decline in activity and hiring for 2025 due to increased national insurance contributions.
Tentative rebound in consumer confidence boosts online sales during the holiday period - London Business News | Londonlovesbusiness.com
UK holiday retail spend increased by 2.3% year-over-year, with a notable rise in online shopping and department store sales.
November sales solid for restaurant and pub groups ahead of crunch Christmas - London Business News | Londonlovesbusiness.com
Britain's hospitality sector sees year-on-year sales growth of 2.7% in November 2024, hinting at increased consumer spending.
UK economy contracts again in October, defying hopes of a rebound
The UK economy shrank unexpectedly by 0.1% in October, reflecting significant uncertainty and high interest rates affecting consumer and business spending.
CBI downgrades economic growth amid Labour's Budget - London Business News | Londonlovesbusiness.com
UK economic growth is expected to be slower than previously forecasted, with GDP growth at 0.9% in 2024 and 1.6% in 2025.
Sharp fall in UK business activity forecast as economic gloom deepens
British firms foresee a significant decline in activity and hiring for 2025 due to increased national insurance contributions.
Tentative rebound in consumer confidence boosts online sales during the holiday period - London Business News | Londonlovesbusiness.com
UK holiday retail spend increased by 2.3% year-over-year, with a notable rise in online shopping and department store sales.
November sales solid for restaurant and pub groups ahead of crunch Christmas - London Business News | Londonlovesbusiness.com
Britain's hospitality sector sees year-on-year sales growth of 2.7% in November 2024, hinting at increased consumer spending.
Last-minute Christmas shoppers set to spend 3bn over Super Weekend'
Super Weekend is expected to generate £3 billion in sales as last-minute Christmas shopping peaks, with many shoppers delaying purchases until the last moment.
Government borrowing lower than expected in November
Government borrowing has decreased due to higher tax revenues and lower debt interest payments, benefiting fiscal management.
Retail sales showed a slight increase, influenced by supermarket performance amid varying sector trends.
Last-minute Christmas shoppers set to spend 3bn over Super Weekend'
Super Weekend is expected to generate £3 billion in sales as last-minute Christmas shopping peaks, with many shoppers delaying purchases until the last moment.
Government borrowing lower than expected in November
Government borrowing has decreased due to higher tax revenues and lower debt interest payments, benefiting fiscal management.
Retail sales showed a slight increase, influenced by supermarket performance amid varying sector trends.
Interest rates forecast to be higher for longer due to Budget
Interest rates in the UK will fall gradually due to the November Budget, which supports short-term economic growth but impacts borrowing costs.
UK growth forecast upgraded after Reeves's 70bn spending boost
The OECD upgraded the UK's growth forecast, primarily due to Rachel Reeves's public spending package, while warning of rising debt and inflation risks.
Premium food, clothing and tech will push UK Christmas spending to 22.7bn'
UK festive spending expected to rise 5% to £22.7 billion, driven by premium food, clothing, and technology purchases.
Interest rates forecast to be higher for longer due to Budget
Interest rates in the UK will fall gradually due to the November Budget, which supports short-term economic growth but impacts borrowing costs.
UK growth forecast upgraded after Reeves's 70bn spending boost
The OECD upgraded the UK's growth forecast, primarily due to Rachel Reeves's public spending package, while warning of rising debt and inflation risks.
Premium food, clothing and tech will push UK Christmas spending to 22.7bn'
UK festive spending expected to rise 5% to £22.7 billion, driven by premium food, clothing, and technology purchases.
A £500m deal has protected jobs at Hitachi's Newton Aycliffe site, ensuring train production continues and providing stability for employees.
Employment retracts 1.2% in November following Labour's anti-jobs Budget - London Business News | Londonlovesbusiness.com
Full-time employment in the UK is declining due to a rise in employer National Insurance Contributions, negatively impacting hiring practices especially for younger individuals.
Car finance crisis set to cost billions and dent investor confidence, warns Lloyds boss
The UK car finance crisis threatens economic stability, fueled by a Court of Appeal ruling against banks' practices.
Investor confidence is declining due to regulatory uncertainties and legal decisions impacting the economy.
Britain's Flawed Jobs Reports Leave Economists Second-Guessing'
Reliable data is crucial for economic policymaking, yet concerns over the UK's Labor Force Survey have led to distrust in official employment statistics.
Abba Voyage gives 1.4bn economic boost - and may stay in London 'forever'
Abba's virtual concert has generated over £1 billion for the UK economy, showcasing its massive success and international appeal.
Services sector was 'close to stalling in November' amid Budget tax increases - London Business News | Londonlovesbusiness.com
The UK's services sector is nearing stagnation due to recent business tax increases and rising employment costs.
UK interest rates to fall more slowly than expected after budget, claims report
UK interest rates will fall slower than expected due to higher inflation and increased spending plans outlined in the recent budget.
New data reveals over one in five Britons will be saving an average of 4,772.42 next year - London Business News | Londonlovesbusiness.com
Many Britons are prioritizing financial resolutions for 2025, but many lack clear savings goals, impacted by living costs and income issues.
How fintech financing is plugging the 2.5 billion funding gap for small businesses in the UK
Many SMEs in the UK are struggling with funding, operating costs, and slow revenue recovery, highlighting the need for flexible financing solutions.
Government-backed council to champion 'unsung' mid-sized businesses
The UK is launching a council to represent mid-sized businesses, crucial for economic growth yet often overlooked.
Revolut co-founder warns of British talent exodus amid remote working shift
Young professionals are relocating from the UK to Southern Europe for better financial incentives and lifestyle.