Banks are expected to increase the cost of credit card borrowing in the run up to Christmas following a recovery in demand for unsecured loans by UK households.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Essex & London to move from Covid Tier 1 to Tier 2 from Saturday
Millions of Londoners, and residents of Essex will face tougher Tier 2 Covid measures from Saturday, with a ban on households mixing indoors, local MPs have been told.
Marstons to cut up to 2,150 furloughed pub jobs
Pub and brewery group Marstons says it will axe up to 2,150 furloughed jobs following new restrictions to curb the spread of the coronavirus.
Thousands of self-employed quizzed over coronavirus grants
Thousands of people are receiving letters from HMRC questioning their claims for coronavirus support grants.
EU to reject UK plea for Brexit electric car export deal
The European Union is about to formally reject a UK plea for special allowances for exports of electric cars in a post-Brexit trade deal.
Zoom launches paid-for live events with OnZoom
Video calling app Zoom has announced a system to let people pay for live “online experiences”.
Over 350 more dining jobs lost as burger chain swallowed up
A further 362 jobs were lost in the casual dining sector yesterday after the closure of 26 Gourmet Burger Kitchen outlets in a pre-pack administration.
Surge in takeaways is the prefect recipe for Just Eat
While Italian, Chinese and Indian remain the most popular choices of takeaway, demand for Big Macs and hot Greggs sausage rolls is helping to drive strong growth at Just Eat Takeaway.com.
Asos quadruples its profits during lockdown
Profits at Asos more than quadrupled as young shoppers stocked up on stay-at-home outfits during lockdown.
PureGym weighs up legal action over Liverpool lockdown
The UK’s biggest gym chain could mount legal action after being told to close its venues in Liverpool, a decree it says has “no scientific basis” and will destroy businesses.
Jaguar Land Rover lags behind UK rivals in Covid recovery
Jaguar Land Rover is lagging way behind rival UK carmakers in its recovery from the pandemic, with 3,000 workers still furloughed and a key factory running at only a fraction of capacity, according to confidential production plans.
Metro Bank suspends new business accounts
Metro Bank has become the latest lender to stop opening new accounts for businesses, despite the Bank of England calling for credit to keep flowing.
UK shoppers spend £261m more on alcohol amid Covid pub curfew
Britons spent an extra £261m on alcohol in grocery stores last month as the government’s eat out to help out scheme came to an end and a 10pm curfew on pubs and bars began.
Ikea to buy back unwanted furniture for up to half original price
Ikea is to buy back its unwanted furniture from customers to resell as secondhand as part of the Swedish group’s efforts to become more environmentally friendly.
Unemployment at 4.5% as jobless total rises to 1.52 million
Unemployment rose to 4.5% in the three months to August as the total number of jobless rose by 138,000, the Office for National Statistics (ONS) said.