Pay rises wiped out by surging inflation: Wage rises were wiped out by the rising inflation late last year, according to official figures.
Tag: Business News
Breaking Business News from the UK and around the world. Covering issues such as personal finance, company formation, financial and economic news.
The latest insight and analysis into the UK and global markets.
Follow WTX Business News on Twitter @wtxbusiness to stay updated with news as it breaks. Follow us here
Highlights from all the main sources FT.com, BBC Business, Independent, Guardian and Bloomberg News services.
We will bring you the latest Business News from the UK and around the world. Including information pertinent to Small and Medium-sized Business (SME) and legal information concerning business and tax law.
We will incorporate the financial indexes from all the important financial global stock exchanges.
Amazon set to reverse planned UK ban on visa credit cards
Amazon emailed UK customers on Monday to inform them that the proposed visa credit cards ban will no longer take place.
Marks & Spencer and Tesco enjoy strong Christmas
The Guardian says Marks & Spencer and Tesco enjoyed a strong Christmas trading period, partly as the rapid spread of Omicron prompted people to eat and drink more at home.
Omicron surge saw 600,000 passengers cancel Heathrow flights in December
The Metro says more than half a million people cancelled flights from Heathrow in December alone due to travel fears about the Omicron.
2022 money-saving tips - avoiding a ‘financial hangover’
A top financial app shared the best tips to take into 2022 to save money. Digital financial coaching app Claro Money says money saving can be challenging.
Omicron dashes high streets’ hopes of bumper weekend before Christmas
The Guardian says Shoppers have pulled back from UK high streets in the crucial final weekend of shopping before Christmas.
Bank of England warns Bitcoin could become ‘worthless’
The Metro says Fast-growing cryptocurrency assets could pose a danger to the established financial system, a senior Bank of England official has warned.
Inflation increases to decade high of 5.1%
The Independent says Inflation has risen to 5.1 percent increasing fears about the rising costs of living.
Natwest fined £264m after taking deposits of laundered cash in bin bags
The Guardian says NatWest has been fined more than £264m for anti-money-laundering failures that involved black bin liners stuffed full of cash being deposited.
India banning crypto payments could mean jail for violations
India banning crypto payments could mean jail for violations. In one of the sternest moves against the cryptocurrency market especially Bitcoin. It is reported that over a 1/3 of all…
UAE cuts working week to 4.5 days to improve work-life balance and competitiveness
The UAE is cutting its working week to four-and-half days and moving its weekend from Friday-Saturday to Saturday-Sunday.
Brazil enters into recession as post-COVID recovery falls flat
The blow to economic growth comes as President Jair Bolsonaro prepares for his re-election campaign.
UK house prices return to double-digit growth
The Guardian says House prices in the UK continued their upwards climb in November, reaching double-digit growth again.
Jack Dorsey steps down as Twitter chief executive
The Guardian says Twitter co-founder Jack Dorsey has stepped down from his executive role at the social media company.
Black Friday shoppers warned 9 in 10 ‘deals’ were same price or cheaper before sales
The Daily Mirror says Black Friday shoppers have been warned that 9 in 10 ‘deals’ were same price or cheaper before sales.
Inflation: UK prices soar at fastest rate for almost ten years
BBC News says The cost of living surged to 4.2% in October – its highest rate in almost 10 years – due to rising fuel and energy costs, according to…
Amazon to pay $500,000 fine for failing to notify workers of Covid cases
The Guardian says Amazon has agreed to pay a $500,000 fine and be monitored by California officials after the company failed to “notify” workers about new Covid-19 cases.
Crisps and soft drinks lead surge in UK food prices as inflation rises
The Guardian says Food price inflation reached a 14-month high in October with the prices of favourite snacks such as crisps and soft drinks rising.
Primark struggles with rising costs, plans 100 new stores
Primark has revealed the difficulty in recovering from the pandemic as it says it is struggling with higher costs and supply chain issues.
Tesla shares fall after Elon Musk’s Twitter poll backs sell-off plan
The Guardian says Tesla’s Frankfurt-listed shares fell about 9% in early trading on Monday as investors prepared for chief executive Elon Musk’s proposed sale of about a tenth of his…
Families face soaring bills after Bank of England predicts inflation will hit 5% by April
The Sun says FAMILIES face more bills misery after the Bank of England yesterday predicted that inflation would hit five per cent next April.
Asos offers staff flexible work and paid leave during menopause
The Guardian says staff at the online fashion store Asos will be allowed to work flexibly, as well as take time off at short notice, while going through the menopause.
UK food and drink exports to EU plummet - Brexit
Food and drink exports from the UK have plummeted due to a sharp drop in trade with the EU after Brexit, according to fresh research published today. Data from the…
Sunday Times Rich List: Britain’s top 10 Billionaires
Sunday Times Rich List: Britain’s top 10 Billionaires These are the 10 richest people in Britain according to the Sunday Times rich list: Sir Leonard Blavatnik £23bn David and Simon…
India Covid-19 catastrophe forces bank call centre operations back to the UK
India Covid-19 catastrophe forces bank call centre operations back to the UK Barclays bank has announced some of its India call centre operations will be brought back to the UK…
Nestlé cuts 600 jobs, closes UK factory, moves production to Europe
Nestlé cuts 600 jobs, closes UK factory, moves production to Europe Nestlé is set to close its UK factory, leaving almost 600 people redundant, as it moves some of its…
Google owner sees record profits as pandemic boom continues
Google owner sees record profits as pandemic boom continues Alphabet – owners of Google – saw its profits climb high in the first quarter as the lockdown boom continues. With…
97% workers prefer working at home
97% workers prefer working at home Ninety-seven per cent of office workers who are currently working from home prefer doing just that, even when offices reopen. A recent survey shows…
UK Big Tech crackdown
UK Big Tech crackdown Facebook and Google are amongst the tech giants facing tougher regulatory regimes in the UK after a new watchdog aimed at curbing their power launched today.…
‘Godzilla vs. Kong’ smashes pandemic box office record
Godzilla vs Kong smashes pandemic box office record Godzilla vs Kong has smashed pandemic box office records which raked in £35m just this weekend. It’s the United States biggest opening…
Exclusive deal sees reopening of cinemas
Cineworld, AMC Cinemas – Exclusive deal sees reopening of cinemas Cineworld will reopen in its US cinemas next month, and the UK in May, after signing a deal with Warner…
Wetherspoons in the red, £20.7m operating loss
Wetherspoons in the red, £20.7m operating loss JD Wetherspoon reported a half-year pre-tax loss of £46.2 million as pandemic restrictions forced hundreds of its pubs to close through important holiday…
Johnson & Johnson sets aside almost $4 billion for talc verdict
Johnson & Johnson sets aside almost $4 billion for talc verdict Visual Slideshow Previous Next (Reuters) – Drugmaker Johnson & Johnson set aside $3.9 billion in litigation expenses in 2020, which…
Amsterdam crowned Europe's top trading hub, ousting London
Amsterdam crowned Europe’s top trading hub, ousting London Amsterdam has ousted London as Europe’s largest share trading centre, as Brexit led London to lose business. Some €9.2bn shares a day…
Bank of England: Economy to rebound strongly due to vaccine
Bank of England: Economy to rebound strongly due to vaccine The UK’s rapid vaccination programme will help the economy rebound strongly this year, according to the Bank of England. The…
You must be logged in to post a comment.