Savers and cash hoarders are being warned to consider the eroding impact of inflation as the Bank of England’s new £50 note entered circulation today. After being withdrawn in 1945, the £50 was reintroduced into circulation in 1981 – at that point it had the purchasing power of around £217 at today’s prices. The new £50 … Read more
Trainline on track for recovery: Ticket bookings bounce back strongly after lockdown easing – but sales are still only half pre-pandemic levels UK net ticket sales of £334m in quarter to end of May, half of £481m in Q1 2019 At the end of May, UK sales were at around 70% of the levels of 2019 … Read more
Boohoo founders’ pay packets rose to £1.4m each last year despite working conditions row as fast fashion firm pledges to link multi-million pound bonuses to improving workers’ lot Founders Mahmud Kamani and Carol Kane paid £1.39 million and £1.38 million Boohoo said it will link long-term bonuses to the running of Agenda for Change It recently faced … Read more
Jubilant Britons today celebrated in style as they quaffed champagne in a classy breakfast toast to lockdown freedom. One pair clinked glasses of bubbly in upmarket The Ivy in Soho, London, as they marked ‘Freedom Day’ in England. The posh toast came as pubs, bars and restaurants were finally given the green light to reopen … Read more
Amanda Wakeley fashion label loved by Duchess of Cambridge, Meghan Markle, Princess Diana and Theresa May fails to find buyer and collapses into administration after flagship Mayfair store was shut by Covid lockdown Amanda Wakeley fashion label has been plunged into administration after struggling during pandemic Fans of the brand include The Duchess of Cambridge, … Read more
Britain’s economy will bounce back from Covid-19 like a ‘tennis ball’, putting the country at the top of the G7 growth league, a Bank of England boss says today. Chief economist Andy Haldane says the UK’s recovery will be so strong that as many new jobs could be created as lost this year, meaning ‘little … Read more
‘Expand green list or cost UK £19bn’: MPs call for more countries to be added to register of ‘safe’ travel destinations to boost economy as we move out of Covid lockdown Study group predicts international tourism revenue will plummet to just £1.1bn It pales in comparison to the £20.2bn pre-pandemic for June, July and August … Read more
‘Expand green list or cost UK £19bn’: MPs call for more countries to be added to register of ‘safe’ travel destinations to boost economy as we move out of Covid lockdown Study group predicts international tourism revenue will plummet to just £1.1bn It pales in comparison to the £20.2bn pre-pandemic for June, July and August … Read more
American and British airlines are begging Joe Biden and British Prime Minister to reopen transatlantic travel to save both economies and reunite families who have been separated for over a year. Multiple airlines penned an open letter with the US Chamber of Commerce last week urging an announcement and on Tuesday, the CEOs of of Delta, … Read more
American and British airlines are begging Joe Biden and British Prime Minister to reopen transatlantic travel to save both economies and reunite families who have been separated for over a year. Multiple airlines penned an open letter with the US Chamber of Commerce last week urging an announcement and on Tuesday, the CEOs of of Delta, … Read more