Almost 500,000 redundancies planned since start of pandemic
Employers in Britain were preparing to make 58,000 redundancies in August, taking the total to 498,000 for the first five months of the Covid-19 crisis. Figures released to the BBC…
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Weakest ‘new plate’ September for UK car industry
New car registrations were down 4.4% in September 2020, making it the weakest September this century. Just 328,041 cars were registered, compared with 343,255 in the same month last year…
Aldi trials online ordering to compete with rivals
Aldi is trialling a new click and collect service as it adapts to the UK's change in grocery shopping habits since the start of the Covid-19 pandemic. UK online grocery…
FCA proposes ‘radical’ general insurance reforms
Existing customers should pay no more than new customers for home and motor insurance, according to the financial regulator. After concluding its market study into the pricing of home and…
Scrapping tax-free shopping will harm UK economy, businesses warn
Travel and retail businesses have urged the UK Government to reverse the "short-sighted" decision to end VAT-free shopping for international visitors. The VAT Retail Export Scheme allows non-EU visitors to…
What is Arbitrage in Currency Trading?
One of the forex strategies attracting interest among retail traders is currency arbitrage, mainly because it is assumed to be “risk-free”. Although that’s not the case (as we’re about to…
Retailer Iceland calls for businesses to reveal their plastic consumption
Frozen food retailer Iceland has published its "plastic footprint" and urged other UK retailers and businesses to do the same. The company has calulated that the total plastic packaging footprint…
Employers planning redundancies at twice the rate of last recession
Employers in Britain are making plans for redundancies at more than double the levels seen in the 2008/9 recession, new figures reveal. It comes after social distancing measures to prevent…
Lloyds Banking Group told to change ‘bounce back’ loan terms
The Competition and Markets Authority (CMA) has criticised Lloyds Banking Group for forcing small business customers to open a business current account when taking out a Bounce Back Loan. The…
HMRC estimates 1 in 10 furlough claims may have been fraudulent or paid in error
Businesses may have wrongly claimed up to £3.5bn in furlough payments, HM Revenue and Customs believes. The UK Government has so far paid out £35.4bn through the Coronavirus Job Retention…
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