The Treasury hailed the new G7 agreement for a minimum level of corporate tax announced on Saturday as ‘seismic’. I’m always a bit suspicious when normally staid bodies resort to extravagant language. Normally the explanation is quite prosaic, like the inexperience of the weekend duty press officer. But sometimes extravagant language is used as a

View this article here. Good morning: Shares in Reckitt will be in focus today after the consumer goods giant revealed that it would take a £2.5 billion hit on the sale of its struggling baby formula business in China. Reckitt is selling the business to the private equity firm Primavera for $2.2 billion, well below the

View this article here. Easing lockdown restrictions has lifted consumer confidence to its highest level since before the EU referendum, a survey suggests. Household sentiment hit a score of 113.6 points last month, according to a gauge of the Centre for Economics and Business Research and YouGov. This was the highest reading since April 2016.

View this article here. The European football championship is expected to give the economy a £143 million kicker as fans pour into pubs to watch games. The competition, which begins on Friday, is being staged across Europe. Wembley, in London, will host eight games, including the final on July 11, while Hampden Park in Glasgow hosts four.

So far this Spring, Brits have responded to their newly restored freedoms with gusto, unleashing a wave of spending in the process. Add to this a spell of glorious weather (London is forecast to witness sunshine and temperatures in the mid-twenties throughout the next two weeks) and an England football team that looks poised for

View this article here. EXCLUSIVE: England and Scotland will go head-to-head at Wembley Stadium on Friday, June 18 in the second group game of the Euro 2020 tournament – but one side have already won the battle of the hotels. The Three Lions head into the Euros next week already one down against Scotland –

View this article here. Experts at the Historic Classic and Vehicle Association (HCVA) have warned classic car emissions are a “widespread misconception”. Instead, the HCVA says policymakers must have “all the facts” before making decisions which could affect owners. The HCVA said they would work hard to endure the facts were “properly understood”. They said:

View this article here. Mortgage lending fell from record highs in April, but the government’s decision to extend stamp duty relief is refueling the market, figures from the Bank of England show. Banks lent £3.3 billion to homebuyers in April, down sharply from the record £11.5 billion in March. Economists had forecast a drop of

View this article here. THE cost of cyber attacks on businesses across the UK is an eye-watering £34 billion annually, according to research by the Centre of Economics and Business Research (CEBR). It’s a sobering figure and one that acts as a reminder to companies of all sizes of the importance of cyber security and

View this article here. A Heathrow spokeswoman said: “Red list routes will likely be a feature of UK travel for the foreseeable future as countries vaccinate their populations at different rates. “We’re adapting Heathrow to this longer-term reality by initially opening a dedicated arrivals facility.” She told the BBC that while opening the facility would be “logistically

View the full article here. According to a recent report, the UK is set to miss out on billions of pounds of spending from passengers arriving into Heathrow if the green list is not extended as part of an upcoming travel review. Economic forecasting group the CEBR said its research suggested that business and leisure

View this article here. Heathrow airport has once again called for the government’s “green list” to be extended later this week, stating that failure to do so will see the UK “missing out on a multi-billion-pound economic boost”. The airport cites new research from the Centre for  Economics and Business Research (CEBR), which shows that

They may not think so but in recent years British employers have had a relatively easy life. The combination of Thatcherite labour market deregulation, globalisation, migration and a huge increase in the number of older people working have meant that compared with their predecessors in the 1960s or 1970s and indeed compared with their counterparts

View this article here. The 58-year-old office manager travelled to London with her two sisters and their children. Yet Vera and her family are not alone. Thousands of people are taking similar flights, part of a migration wave that has shocked even those who have made it their business to assist Hong Kong citizens to

Based on the economic data releases and news of recent weeks one could be forgiven for thinking of the Eurozone economy as a basket case, doomed to lag behind the recoveries of other advanced economies. Just this week, Eurostat confirmed that the currency union entered a second technical recession since the pandemic began, following GDP