Just how long will it take the electors of this benighted country to realise that they have been conned by the Brexiters? By this I do not mean all the electorate – after all, nearly half those who voted on that fatal June day in 2016 were in favour of remaining in the European Union,…
Consumers have been warned of an autumn rise in living costs from sharp increases in household energy bills and food prices, as Covid and Brexit disruption ripple through the economy. Sounding the alarm for a wide range of products and services going up in price, business leaders said the UK was facing a “perfect storm”…
The UK’s upcoming introduction of checks on EU food and drink imports could cause more supply chain problems, the industry fears. Andrew Opie of the British Retail Consortium says these new checks could create more food waste if the checking and certification process doesn’t run smoothly, and fresh products don’t arrive in time.
UK homeowners made a rare net repayment of mortgage debt in July as the tapering of the stamp duty holiday in England and Northern Ireland fuelled a drop in housing market activity after a record June.
A recovery in global trade during the summer is beginning to wane, according to some early warning signs pointing to the negative effects of widespread Covid-19 outbreaks in the manufacturing centres of east Asia.
Share prices hit fresh records on Wall Street on Friday after the head of the US central bank, Jerome Powell, expressed concern about rocketing Covid-19 infections and gave no new clues on when the Federal Reserve would start to ease back on its stimulus programme.
In other tech news…shares in Just Eat Takeaway have tumbled 5.5% in London today after New York’s City Council approved legislation to permanently cap commissions delivery apps can charge restaurants.
The number of daily new Covid infections has remained elevated in the past month after the removal of most pandemic restrictions, fuelled by the Delta variant. The latest daily figures up to 25 August show 35,847 people tested positive for Covid-19 across the UK, an increase from the start of the month. Almost 48 million…
Britain’s biggest retailers are warning their stock levels have fallen to the lowest since 1983 amid a sharp drop in imports and pandemic staff shortages across the economy. The Confederation of British Industry’s monthly survey of big retail and wholesale firms found that stock levels in relation to expected sales fell in August, hitting a…
So much for Global Britain. The fiasco and tragedy of the retreat from Afghanistan have laid bare the folly of the Brexiters’ Faustian pact: choose the irresponsible but vote-winning Boris Johnson as your leader; say “goodbye European Union, hello world”; and, oh dear, it turns out not to be the triumph they promised.