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A union leader has called for 2025 to be a “year of delivery” for workers after 14 years of “Tory chaos”. TUC general secretary Paul Nowak said in his new year message that working people desperately needed “tangible change”. He said: “Repairing and rebuilding Britain after 14 years of Tory chaos and decline is a massive challenge for the Government, but 2025 has to be a year of delivery. “Continuing […]
The UK economy flatlined in the third quarter of the year, according to revised official figures. The Office for National Statistics said that UK gross domestic product (GDP) showed no growth between July and September, in the run up to the Autumn budget. Statisticians had previously estimated 0.1% growth for the quarter. The ONS also revised down its growth reading for the second quarter of 2024, to 0.4%. In September, […]
Royal Mail’s sale to Czech billionaire Daniel Kretinsky has been cleared by the Government, paving the way for the more than 500-year-old postal service to pass into foreign ownership for the first time. Business Secretary Jonathan Reynolds confirmed the Government had secured a raft of legally-binding commitments with Mr Kretinsky’s EP Group over the postal service, including protecting the one-price-goes-anywhere delivery commitment and a pledge to keep Royal Mail headquartered […]
Abba’s virtual concert has boosted the UK economy by more than £1 billion, new analysis shows, as its executive producer sets his sights on another two years of the London residency which he hoped could exist “forever”. Abba Voyage, which sees digital versions of the Swedish band perform in a purpose-built arena, is set to sell its three millionth ticket this month, since opening in May 2022. New analysis, carried […]
Chancellor Rachel Reeves told a shop owner the Government was “trying to help” as she visited independent retailers ahead of Small Business Saturday. Ms Reeves toured the Leeds Corn Exchange on Friday where Deborah Bellamy, owner of Hidden Wardrobe, told her that businesses had found it “very tough” in recent years with rising costs and minimum wage increases, and had to let some staff go. The Chancellor said: “I know […]
The UK is the “sick man of Europe” when it comes to spending on medicines and community pharmacies, leaders from the sector have said. The National Pharmacy Association (NPA) urged the Government to “get round the table and start to deliver the funding necessary” to stop pharmacies closing and improve care for patients. NPA analysis of Organisation for Economic Co-operation and Development (OECD) figures found the UK has fewer pharmacies […]
Donald Trump’s threatened tariffs could hit UK trade with the US as badly as Brexit affected trade with the EU, a leading think tank has said. In a report published on Wednesday, the Resolution Foundation said British trade since Brexit had been “a tale of two sectors”, with service exports growing strongly but goods exports stagnating. But authors Emily Fry and Sophie Hale warned that British firms faced another major […]
Spending on cough and cold remedies was a bright spot in November as weak consumer confidence and rising energy bills caused anxiety for retailers in the all-important run-up to Christmas. A later Black Friday this year, resulting in artificially weaker November figures, still could not disguise figures suggesting it is “unlikely to be a bumper Christmas for all” as many consumers remain focused on budgeting, analysts suggest. The British Retail […]
Nando’s has said it will step up its restaurant opening plans after sales lifted further over the past year. The peri-peri chicken chain said sales surpassed pre-pandemic levels after “strong customer demand”. Full accounts for the latest financial year also show the business cut its losses despite a “challenging” cost environment. Rob Papps, group chief executive of Nando’s, said the economic backdrop remains “uncertain” but it is pushing forward with […]
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