Sales in shops have slowed as household budgets come under pressure from the rising cost of living, the British Retail Consortium (BRC) has said. New figures show sales growth for March rose at its slowest rate so far this year, with UK retail sales falling by 0.4% from 12 months earlier. It comes as millions…
The intentions of UK based financial services firms when it comes to staff relocations and the establishment of new offices in the EU have not changed all that much since the UK officially departed the bloc last January. This is according to professional services firm EY. Data from its latest Financial Services Brexit Tracker points…
When it comes to foreign policy in Germany, the differences between the mainstream political parties are few and the level of public interest low. Foreign policy barely featured as an issue in the recent federal election campaign or in the televised debates between the three leading candidates for the chancellorship. It will not be a…
KEY POINTS Britain’s government is implementing emergency measures in an effort to keep gasoline flowing, after a weekend of panic buying left gas stations around the country without fuel. A major lack of truck drivers has meant deliveries of fuel and goods have recently fallen short in Britain. Business Minister Kwasi Kwarteng said on Sunday…
U.S.-EU ties with Japan suggest an increased effort to distance themselves from China. The U.S. and European Union pledged Wednesday to deepen its alliance for the sake of advancing common priorities like artificial intelligence, trade challenges and the “underpin” to global economies: semiconductors. “Semiconductors are the material basis for integrated circuits that are essential to modern-day life and…
The airline’s boss argues that the traffic light system governing foreign holiday destinations is harming the economic fightback from coronavirus restrictions as it reveals more jobs and destinations from its London airports. Ryanair’s chief executive has told Sky News the UK should scrap its “bizarre” rules governing foreign travel, saying they are holding the country’s…
Prime Minister Boris Johnson in April 2020. Photo: PA Images Otto English dissects the disadvantages that a free trade agreement between the two countries would bring to the UK Let me tell you the story of the proposed Australian-UK free trade deal. A tale so mad that once you get to the end of it,…
The scandals surrounding Boris Johnson hide the disaster that Brexit has created It has been a gloomy week on the sunlit uplands of sovereign Britain as companies continue to pay dearly for two basic yet common business mistakes – not putting a Cabinet minister’s sister on the board or having Boris Johnson’s mobile phone number….
According to data from the Investment Association, retail investors have withdrawn roughly £18bn from UK funds over the past five years. Photo: Reuters/Yuriko Nakao Retail investors fled UK equity funds in February to the tune of £1bn ($1.4bn) — a continuation of a trend that was initially triggered by Brexit in 2016. According to data…
An Abu Dhabi investment fund has agreed to pay £800m into UK life sciences, in what could be the first of billions of pounds of investment in the UK. – Getty Images Mubadala, one of the UAE’s most active funds, will invest the money over five years. Abu Dhabi is set to invest heavily in…