Economy NEWS

Online sales likely to remain high post-pandemic

Over half of all retail sales around the world will still be online after the Covid-19 pandemic, new research suggests. Ecommerce consultancy Wunderman Thompson Commerce surveyed more than 28,000 consumers across 17 countries … Continue reading “Online sales likely to remain high post-pandemic”


Trials of four-day week ‘an overwhelming success’

Large-scale trials of a reduced working week in Iceland have proved successful and led to many employees working shorter hours. In two trials conducted between 2015 and 2019, around 2,500 employees — over … Continue reading “Trials of four-day week ‘an overwhelming success’”


HMRC offers lifeline to struggling firms

UK businesses that owe money to the government have been reassured that enforcing insolvency for repayment of the debt will be a “last resort” as the country emerges from the pandemic. Many firms … Continue reading “HMRC offers lifeline to struggling firms”


Britain seeks to join trans-Pacific trading area

Britain is starting negotiations to join a free trade area in the Asia-Pacific region. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is made up of 11 countries including Australia, Canada and … Continue reading “Britain seeks to join trans-Pacific trading area”


Tourism and hospitality boost UK economy in May

Businesses that were among the worst hit by lockdown helped the UK’s economic recovery to accelerate last month, according to the latest Lloyds Bank UK Recovery Tracker. The report showed that 11 out … Continue reading “Tourism and hospitality boost UK economy in May”


Global web outage topples Amazon and GOV.UK

Several of the world’s biggest websites went down on Tuesday morning after a glitch at US-based cloud computing services provider Fastly. Amazon, Reddit and the UK government website, GOV.UK, were among the sites … Continue reading “Global web outage topples Amazon and GOV.UK”


Retail price rises on the horizon, says BRC

Retailers are facing growing cost pressures and shop prices are likely to rise later in the year, the British Retail Consortium (BRC) has warned. The latest Shop Price Index from the BRC and … Continue reading “Retail price rises on the horizon, says BRC”


Vaccine rollout boosts shopper confidence

The appeal of the big weekly shop seems to be fading, with UK shoppers going to the supermarket more frequently and spending less on each trip. New figures from data company Kantar show … Continue reading “Vaccine rollout boosts shopper confidence”


Ofgem invests £300m to expand car charging network

Britain’s energy regulator will invest £300m in infrastructure to support the uptake of electric vehicles. Ofgem’s funding will provide the cabling for 1,800 new ultra-rapid charge points at motorway service areas and key … Continue reading “Ofgem invests £300m to expand car charging network”


Consumers likely to play safe rather than spend, spend, spend

Half (51%) of people in the UK who have built up their savings during the pandemic intend to hang onto these funds, new research suggests. The findings pose a challenge to the view … Continue reading “Consumers likely to play safe rather than spend, spend, spend”


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