Business News
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Etsy sellers say site is imposing 75% reserves on transactions.
According to sellers, the online marketplace is instituting a temporary reserve on their sales as part of its new ‘purchase ...
Treasury to delay ‘buy now pay later’ crackdown
Ministers are inclined towards delaying plans to bring companies like Klarna under the City watchdog’s jurisdiction. Whitehall is concerned that ...
The independent OBR predicts that national debt could reach 300% of GDP by 2070.
In addition to the Treasury’s current inflation-driven issues, the Office for Budget Responsibility identifies “significant” threats to the public finances, ...
Hospitality head asks Badenoch for energy bill help
Kate Nicholls advised Kemi Badenoch to adjust a critical firm loans arrangement with the British company Bank during the pandemic. ...
Microsoft-Activision loses Call of Duty proposal.
The Federal Trade Commission has appealed a decision allowing Microsoft to proceed with its $69 billion (£53 billion) acquisition of ...
May output falls 0.1% due the king’s coronation.
The latest data, according to Chancellor Jeremy Hunt, demonstrates why the nation must eliminate its inflation problem, as the prospect ...
Migration Bill: Lords reinsert minor detention limits
The House of Lords has rejected the government’s attempt to extend the detention period for children in its migration measure. ...
Airport drop-off fees increase by almost one-third – RAC
According to the RAC, airport drop-off fees for vehicles have increased by nearly a third at UK airports over the ...
The economy of the United Kingdom has been stagnant for the past four years.
Since 2019 before the pandemic, the UK economy has scarcely grown, with one economist describing it as “listless. It decreased ...
Foxconn: Apple supplier abandons $20bn India facility.
Foxconn, an Apple supplier, has withdrawn from a $19.5bn (£15.2bn) agreement with Indian mining giant Vedanta to construct a chip ...
Fixed mortgage rates higher than under Liz Truss’s government.
MPs were also briefed by mortgage lenders on the impact of rising interest rates on consumers during an evidence session. ...
Revolution CEO would resign for Boohoo peace accord.
Bob Holt, Revolution’s leader since November, will resign if Revolution and Boohoo find a deal in the next few days. ...