Brits brave storms to back small businesses, spending £634m on Small Business Saturday
Strong consumer solidarity prevailed on Small Business Saturday despite blustery conditions sweeping the UK. According to new research by American Express, more than 10 million Britons shopped at independent retailers on 7 December, braving the impact of Storm Darragh to inject
Energy bills likely to inch higher from April as gas costs climb again
Energy bills for most British households are poised to rise again this spring, as an uptick in wholesale gas prices and escalating network charges put renewed financial pressure on millions of families. Forecasts from Cornwall Insight, the energy consultancy, indicate that
Moonpig slips into loss after £50m write-down hits experiences division
Moonpig, the online greetings card and gifting retailer, has reported a half-year pre-tax loss of £33.3 million after writing down the value of its “experiences” division by more than £50 million, underscoring the challenges posed by faltering consumer confidence in
Pound hits 20-month high against Euro as ECB rate cuts loom
Sterling strengthened to its highest level against the euro in nearly two years on Tuesday, climbing by 0.3 per cent to reach €1.21. The pound’s rise comes amid intensifying expectations that the European Central Bank (ECB) will reduce interest rates further
HMRC under fire as thousands of ‘bogus’ Chinese companies exploit lax rules to dodge VAT
HM Revenue & Customs (HMRC) has come under renewed scrutiny for what critics describe as a failure to clamp down on widespread tax evasion by thousands of Chinese “burner” companies. These shell firms, often created and dissolved within months, are accused