Tag: Economy

**December Retail Sales Plummet in London - London Business News**Retail sales in London took an unexpected hit in December, declining by 0.3%, as reported by the Office for National Statistics (ONS). This news comes...

**Pound Slides Due to Fragile Consumer Demand - London Business News | Londonlovesbusiness.com**The British pound continues to face notable headwinds, languishing near multi-year lows as weak consumer demand persists in the UK. This economic...

Tories Accuse Chancellor of Economic CrisisThe Shadow Chancellor Met Stride didn't hold back in his criticism of the Chancellor in a recent session at the House of Commons. He accused the Chancellor...

**Investors Brace for Impact as Pound Slides: London Business News**The pound's recent plunge to a 14-month low against the US dollar has sent shockwaves through the financial world, sparking concerns about the UK economy....

Public Concerns Over Economy Under LabourIn a recent poll conducted by Opinium, it has been revealed that half of the British public are bracing themselves for a downturn in the economy under Labour's governance....

Stellantis, the owner of Vauxhall, has made a difficult decision to close the Luton van factory, putting 1,100 jobs at risk. This announcement has sent shockwaves through the community and raised concerns about the...

The City of London Corporation has decided to close down the iconic Smithfield and Billingsgate markets and provide compensation to traders as part of the shutdown process. Although the Corporation still needs to submit...

Brits in London and across the nation are gearing up to spend a whopping £42.2 billion on hosting festive celebrations this season, according to a recent survey by Jackson Woodturners. The survey reveals that...

The British pound has been facing a tough time lately, with its value dropping against the U.S. dollar for the eighth week in a row. This decline in the pound comes as a result...

Lambeth council is planning to reduce its tax support scheme by 20 percent in order to balance its budget. The local authority is seeking input from residents regarding this proposal through a consultation process....

The Bank of England governor Andrew Bailey has announced that interest rate cuts are slowing down due to the rise in budget tax for employers. This decision will have a significant impact on the...

Finding the perfect office space is crucial for any business, whether you are just starting out or expanding. Timing is key when it comes to securing the right office for your needs, so knowing...

Gold prices have recently stabilized after experiencing a downward trend since early November. The price of gold rose by more than 1.5% to reach $2,600 an ounce, reclaiming its value after hitting a low...

The average price of a new home dropped by more than £5,000 in November, as reported by a property website. The typical asking price for a home entering the market in the UK is...

The government's plan to merge local authority pension funds into 'megafunds' by 2030 is gaining traction, with potential benefits for both investors and UK businesses. This consolidation could lead to increased investment in growing...

The future of 49 Homebase stores across the UK is uncertain, potentially putting 2,000 jobs at risk. The DIY chain was recently sold to the owner of The Range in a rescue deal, securing...

According to the latest EY ITEM Club Outlook for Financial Services, UK insurers are expected to experience a slowdown in premium income growth in the years 2024-2026. After sharp increases in premiums due to...

UK-based pay and reward consultancy 3R Strategy recently released its 4th Global Salary Planning Report to assist companies in preparing for the challenges of budgeting for 2025. The report, based on data from organizations...

The euro-dollar pair continued to decline as investors wait for important economic data from both the U.S. and Europe. This data could have a significant impact on the future direction of the currency pair....

The Autumn Budget 2024 brought significant changes to how umbrella companies operate in London, impacting businesses across various sectors. The Government's decision to shift the responsibility of PAYE and NICs payments away from umbrella...

The new Labour Government's plan to offer non-doms an easy exit route out of the UK in the next tax year has raised concerns among experts. Nimesh Shah, CEO of leading audit, tax, and...

An expert in business transformation, Christian Simpson, is encouraging business owners to take responsibility for their success in the London business community. Simpson, who is known for his coaching expertise and has worked with...

Gold prices have been on a rollercoaster ride lately, reacting to various factors such as the US presidential election and the Federal Reserve's November meeting. After experiencing a slight dip from its all-time high...

Greenwich council is recognizing 124 businesses in the community for becoming Living Wage Employers during Living Wage Week. This marks a 37% increase from the previous year, with a total of 103 independent businesses...

Major supermarkets like Sainsbury's and Marks and Spencer are bracing for inevitable food price increases starting from next April, as a direct result of Labour's Autumn Budget. The increase in food prices is expected...

A couple of weeks ago, experts noticed that the markets were preparing for a potential Trump victory, leading to a sharp increase in US treasury yields. This was seen as a sign of anticipation...

Sir James Dyson recently criticized Chancellor Rachel Reeves for her inheritance tax changes, accusing the Labour government of harming family businesses. Dyson, who owns Dyson Farming, a company that produces crops across the UK,...

Thursday was a day of surprises in the market as jobless claims took center stage over the CPI report. The unexpected rise in initial claims by 258k and continuing claims by 42k was attributed...