Category : Search result: services sector


Auto Collapse Sparks 2008-Style Recession Fears

The dramatic downfall of a major automotive player has triggered alarming parallels to the 2008 financial crisis, raising urgent questions about the UK's economic stability and sending shockwaves through the industry.

Retail tax hikes fuel shop price inflation surge

British retailers are implementing significant price increases as business rate rises and other taxes force them to pass costs to consumers, creating fresh inflationary pressure across the UK high street.

Social Care Crisis: 1 in 3 Workers Plan Exit

Shocking new figures reveal nearly a third of social care staff in England are considering quitting within the next two years, threatening to collapse an already strained system.

Private sector jobs surge past pre-pandemic peak

Exclusive analysis of ONS figures shows a dramatic jobs market reversal, with private sector employment hitting a record high as the public sector workforce contracts for the ninth consecutive quarter.

Trump's $50k H-1B Visa Fee Threat to UK Tech

Exclusive: Proposed drastic increases to US H-1B visa fees under a potential Trump administration could cripple UK tech firms, strain economic ties, and trigger a global talent war, industry leaders warn.

Cost-of-Living Crisis Forces UK Charity Closures

A devastating new report reveals hundreds of UK charities, including major names like Oxfam and Macmillan, are shutting down services and branches as the cost-of-living crisis bites, threatening vital support for the nation's most vulnerable.

Warm Weather Boosts UK Retail Sales by 1.2% in September

Great Britain's retail sector enjoyed a significant boost in September as unseasonably warm weather drove consumers to purchase summer clothing, with sales volumes rising 1.2% according to the Office for National Statistics.

CMA Launches Probe into Nationwide-Virgin Money Merger

The UK's Competition and Markets Authority has initiated a formal 'phase 1' investigation into the proposed £2.9 billion acquisition of Virgin Money by Nationwide Building Society, scrutinising potential impacts on consumer choice and competition.

Bill Gates' Climate Crisis Paradox: Funding Both Sides

An in-depth investigation reveals how Bill Gates' vast investments simultaneously fund renewable energy solutions and fossil fuel expansion, creating a contentious dual role in the climate crisis debate.

Asian Markets Tumble on US Fed Rate Fears

Asian stock markets plunged sharply as fears of prolonged high US interest rates triggered a global sell-off. The Bank of Japan's intervention and regional banking concerns amplify the financial turmoil.

$30bn Santos Takeover Collapses After Abu Dhabi Exit

A massive $30bn acquisition of Australian energy giant Santos by an Abu Dhabi-led consortium has been abruptly terminated, sending shockwaves through global energy markets and raising questions about the future of fossil fuel investments.

Australia's 2035 Climate Target Sparks Political Firestorm

Australia's Labor government faces intense scrutiny over its ambitious 2035 emissions reduction target of 65%, as Opposition Leader Sussan Ley launches fierce criticism and Energy Minister Chris Bowen defends the crucial climate policy.

Starmer: I wouldn't appoint Mandelson now

Prime Minister Keir Starmer expresses profound regret over appointing Peter Mandelson to his strategic council, citing a failure to fully grasp the extent of Mandelson's private sector interests at the time.

Trump Proposes Exempting Tips from Federal Income Tax

Ex-President Donald Trump proposes exempting tipped wages from federal income tax, a move that could put thousands of dollars back into the pockets of waiters and bartenders but faces significant legislative hurdles.

UK Economy Grows 0.4% in May, Exceeding All Forecasts

The UK economy grew by a stronger-than-expected 0.4% in May, according to the Office for National Statistics. Chancellor Rachel Reeves welcomes the data but warns of the 'challenge' inherited from the previous government.

UK Economy Stalls: 0.0% GDP Growth in April

New ONS data reveals the UK economy showed zero growth in April 2024, with a sharp slowdown from the 0.4% expansion in March. The services sector stalled while production fell, putting pressure on the next government.

Reeves Declares War on 'Antiquated' UK Planning System

New Chancellor Rachel Reeves unveils a radical overhaul of England's planning system, vowing to fast-track 1.5 million new homes and critical infrastructure to kickstart economic growth, despite warnings from retail leaders.

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