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Sky News
GDP setback was worse than feared during latest lockdowns as savings surged
The UK economy suffered a slightly worse start to the year than first thought as households squirrelled away cash during latest lockdowns, revised figures show.Gross domestic product (GDP) shrank by 1.6% – compared to an initial estimate of 1.5% – as renewed stay-at-home measures held back business activity and spending, according to the Office for …
Business
Evening Standard
FTSE 100 set to edge higher as England dares to dream of Euros victory
The FTSE 100 Index was set to inch higher today as Cityspirits were lifted by England’s victory over Germany and investors sought out stocks which could be winners.ITV was seen as the most obvious with all to gain, as football fans will be glued to every match it screens for intelligence on England’s rivals as …
Business
Sky News
Google to tighten ad rules in bid to clamp down on ‘devastating’ scams
Google UK has announced it will tighten rules on financial services ads in an effort to clamp down on scams – after pressure from the City watchdog.From 6 September, firms advertising such services on its platforms will be required to show that they are authorised by the Financial Conduct Authority (FCA). The FCA issued 1,200 …
Business
Sky News
COVID-19 support for businesses starts to be withdrawn from Thursday
Businesses will have to start paying part of the cost of furlough from tomorrow – even though many of them remain shut or operating at limited capacity under lockdown rules.The Treasury has been paying 80% of the wages of workers temporarily laid off because of COVID-19 for more than a year but the support will …
Business
Sky News
‘Series of complexities’ to sort out before UK-US travel can resume
There are a “whole series of complexities to resolve” before travel between the UK and US can resume, the transport secretary has said.Grant Shapps told MPs that talks are under way and “progress is being made” on restarting transatlantic travel, which has been heavily restricted since March 2020 due to COVID-19. Live COVID updates from …
Business
Evening Standard
Travel without quarantine for business tycoons: “One rule for us, one for them.”
Boris Johnson’s Government faced claims of creating “one rule for those at the top and another for everyone else” after announcing that some foreign tycoons will no longer need to quarantine when arriving in England.Business leaders will be spared the burden of quarantine if their trip is likely to be of significant economic benefit to …
Business
Sky News
Consumers are borrowing again in the latest sign of life starting to return to normal
Anyone searching for indicators that life is returning to normal in the UK could do worse than look at two data releases today.The first showed that, according to the Nationwide Building Society, house prices rose this month at their fastest clip since November 2004. The pandemic has left the UK’s mania with housing and obsession …
Business
Sky News
Securing the UK’s car-making future, execs to bypass quarantine and the stamp duty holiday deadline
The Society of Motor Manufacturers and Traders launches a new strategy to secure the future of the UK’s car-making industry. On this episode, chief executive Mike Hawes joins Ian King. And as the clock ticks towards the end of the stamp duty holiday, research suggests there’s no sign of the market slowing down. Plus, the …
Business
Evening Standard
House price fastest surge since 2004 in run-up to stamp duty holiday deadline
Property prices across the UK surged 13.4% on the year, figures from the Nationwide Building Society showed.The increase takes the average UK house price up to £245,432.Bank of England data also showed evidence of a housing boom, as net mortgage lending in May rebounded from £3 billion in April to £6.6 billion.Chancellor Rishi Sunak gave …
Business
Business Live
Airbus secures bumper plane order from United Airlines
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Business
Business Live
Alder King remembers ‘inspirational’ former chairman following death
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Business
Business Live
Electric car batteries ‘key’ to survival of Vauxhall’s Ellesmere Port factory

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