Britain’s biggest car-maker Jaguar Land Rover has signalled its electric future – and created sparks of its own – by choosing ousted Renault boss Thierry Bollore as its next chief executive. Seen by many as a surprise and unexpected choice, it marks an incredible bounce-back for Bollore who will take over at JLR – owned … Read more
Piggy bank raid: Nearly £2m of withdrawals made by hard-up savers holding Help to Save accounts in just three months Help to Save is a government scheme which pays out a bonus to eligible savers It is designed to encourage new savers to build up a fund over a four-year period Nearly £2m was withdrawn … Read more
Mitsubishi to retreat from British and European markets as the car manufacturer forecasts a second straight year of losses Japan’s sixth biggest car maker will freeze the arrival of new models in Europe New cars won’t be developed for the UK and no new versions will be introduced beyond the existing line-up of models Outlander … Read more
A third of all new cars sold globally will be electric by the end of this decade as petrol and diesel vehicles ‘likely reached their sales peak’ during the pandemic, according to a new industry report. Deloitte says some 31.1million plug-in vehicles will be bought annually worldwide by the year 2030, with the shift in consumer sentiment … Read more
Thousands of Britons have had travel plans scuppered after the Government announced holidaymakers going to Spain – or are currently there – must quarantine for 14 days on their return. It’s another blow for the beleaguered travel industry, with many booking last minute sunshine trips to Spain or simply going ahead with summer holidays that … Read more
Installing overhead charging cables to power fleets of electric lorries would almost entirely eliminate UK road freight transport emissions by the late 2030s, according to a new government-funded report published this month. The Centre for Sustainable Road Freight’s white paper on ‘e-highways’ said they would cost an estimated £19.3billion to implement the overhead lines, similar … Read more
Caterers of funerals, weddings, corporate conferences and other events have been left out of the Chancellor’s £4.1billion tax cut for the hospitality industry, official guidelines suggest. The £70billion UK events industry has been on its knees as a result of the coronavirus pandemic, with caterers seeing months of event bookings vanish overnight and some seeing … Read more
The amazing recovery in by stock markets, particularly in the US, since the March Covid crashes has produced guarded optimism among investors around the world. Many small investors have jumped on the bandwagon, fleeing rock-bottom savings rates to open investing Isas. Optimistic analysts think that even if more bad news is on the horizon, Governments … Read more
A decade of misery for Britain’s savers has been capped off by cuts to easy access rates which now mean that savers can get no more than £1 interest for every £10,000 saved at any of the High Street banks. Barclays has followed HSBC, Lloyds Bank, NatWest and Santander in slashing the rate on its … Read more
The Covid-19 pandemic has contributed to the collapse of several companies in recent months, from retailer Laura Ashley to restaurant chain Prezzo and German payment giant Wirecard. But in many cases, the coronavirus crisis was the last straw for companies that were already struggling with debts after years of mismanagement and bad business models. Now … Read more