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Rush to shop is fuelled by pent-up savings and will see the UK economy surge, claims Bank of England's chief economist

It is estimated that UK households have built up £250bn in savings during lockdown, which Bank of England chief economist Andy Haldane (pictured) believes could lead to a spending bonanza.


Oh dear, Nicola! Sturgeon's independence and EU dreams dismantled ‘Greece without the sun'

NICOLA STURGEON's separatist dream is nothing but a "tartan fantasy" which will cost Scotland £26billion a year and leave it in debt to the tune of £300billion, an economist has warned.


Boris Johnson told 'up your game' and 'listen to shop floor' in fishing row

A FORMER Brexit Party MEP has called on Boris Johnson to "up your game" to help British fishermen amid claims post-Brexit trade barriers had left some within the industry struggling to survive.


PensionBee founder could be worth £140m when firm floats

The founder of an online pensions company could be worth up to £140m on paper after the company announced it would list on the London Stock Exchange with a value of up to £384m. Romi Savova, the chief executive of PensionBee, set up the consolidation business in 2014 after having problems transferring her old workplace pension to a new provider. The company, which helps people track down their old plans and consolidate them, has more than 81,000...


Air Canada reaches deal on C$5.9 billion aid package with Ottawa, will buy Airbus, Boeing jets

Air Canada reaches deal on C$5.9 billion aid package with Ottawa, will buy Airbus, Boeing jets


Trip.com to raise $1.09 billion in Hong Kong listing - sources

Trip.com to raise $1.09 billion in Hong Kong listing - sources


Shoppers surge back to high streets as Covid lockdown eases in England

Shoppers have surged back to high streets across England and Wales as fashion stores, toy shops, hairdressers and other nonessential retailers reopened their doors for the first time in more than three months. The number of people out and about by 3pm on Monday more than doubled compared with the previous Monday and was just over a quarter lower than 2019 levels, according to analysts at Springboard. Spending in England was up 500% at...


Airbus rolls out boardroom shake-up as technology and defence chiefs quit

Airbus this evening unveiled its biggest boardroom shake-up for two years as its technology and defence chiefs announced their departure. The post Airbus rolls out boardroom shake-up as technology and defence chiefs quit appeared first on CityAM.


Shoppers return to John Lewis and stock up on products like glassware

Keen shoppers across England and Wales stocked up on glassware, crockery and facial cleanser at John Lewis, which revealed its top ten bestsellers after reopening on Monday morning.


Tory anger as Kwarteng backtracks on move to prevent hostile takeovers

Business Secretary Kwasi Kwarteng (pictured) has tabled an amendment to the National Security and Investment Bill - which aims to impose safeguards on foreign ownership of UK firms.


HSBC bans customers from buying bitcoin-backer MicroStrategy shares

HSBC bans customers from buying bitcoin-backer MicroStrategy shares


Brexit LIVE: UK nears major breakthrough in hated NI deal after EU files legal action

UK OFFICIALS are poised to make a major breakthrough in talks on the controversial Northern Ireland protocol, just weeks after the EU launched legal action over the matter.


Grab set to announce deal with U.S. SPAC at $40 billion valuation - sources

Grab set to announce deal with U.S. SPAC at $40 billion valuation - sources


Investing for beginners: When investment ISAs aren't 'seen as the way to go' for investors

INVESTING is something many may well be thinking about now the new tax year has begun. What are investment ISAs, and when might a person not suit one?


Turkey’s economic turmoil drives Bitcoin frenzy

The neighbourhood teahouse is a focus of daily life across Turkey, an Ottoman tradition that has endured through the centuries. At the Red Lightning teahouse in Çorum, the enterprising owners have one foot in the past and one in the future: it’s the first one in the country where customers can pay in bitcoin. “Everyone we know in Çorum is starting to invest in cryptocurrency. We think that in five years or so regular currency will be in decline,...


Taxpayers left with £60m bill from the 2017 collapse of budget airline Monarch

More than 110,000 passengers were trapped abroad when the budget airline went into administration at 4am on 2 October 2017. At the time it was the largest ever failure of a UK airline.


One in five wealthier households ‘saved more than £10,000 over the past year’

Reduced outgoings have helped some households to make savings, LV= said.


David Beckham's cannabis company Cellular Goods hires Ren Skincare founder Antony Buck

Former England captain Beckham (pictured) owns a 5 per cent stake in Cellular Goods through his business DB Ventures. Its lines will contain CBD, the non-psychoactive product of the plant cannabis.


White House zeros in on chip shortage in meeting with company officials

White House zeros in on chip shortage in meeting with company officials


Intel offers up factories to ease chip shortage that has stalled car production

Intel offers up factories to ease chip shortage that has stalled car production


Exclusive-GameStop initiates search for new CEO -sources

Exclusive-GameStop initiates search for new CEO -sources


Stanlow refinery owner hit by legal resignations amid governance row

The owner of Britain's second-biggest oil refinery has been hit by the resignation of two blue-chip City law firms amid a deepening financial and corporate governance crisis at the company.


UK economy to return to pre-COVID-19 level around mid-2022 - Reuters poll

UK economy to return to pre-COVID-19 level around mid-2022 - Reuters poll


SEISS eligibility checker: Who can apply for SEISS grant four? HMRC issues update

SEISS grant four will be available to claim from the end of April, so who can apply for the fourth self-employed grant?


Joe Biden wants minimum world corporation tax rate of 21% - but could cripple Ireland

A LEADING Brexiteer has warned the radical global corporation tax proposals from US President Joe Biden could cripple Ireland and nearly double the rate in the country to 12.5 percent.


UN chief urges wealth tax of those who profited during COVID

UNITED NATIONS (AP) — Secretary-General Antonio Guterres declared Monday that the world’s failure to unite on tackling COVID-19 created wide inequalities, and he called for urgent action including a wealth tax to help finance the global recovery from the coronavirus. The U.N. chief said latest reports indicate that “there has been a $5 trillion surge in the wealth of the world’s richest in the past year” of the pandemic. He urged governments “to...


MARKET REPORT: Worries over UK Covid traffic lights plan that could mean budget airlines flying far fewer passengers

Britons have been told they can begin to think about travel again from May 17 as the Government hammers out the details of its new system. This will split countries into green, amber and red categories.


Lockheed Martin to axe jobs after tank upgrade cancelled

Defence giant Lockheed Martin will axe a sixth of its workforce at its base in Bedfordshire after the government decided The post Lockheed Martin to axe jobs after tank upgrade cancelled appeared first on CityAM.


Italy prepares new 40 billion euros economic stimulus package - source

Italy prepares new 40 billion euros economic stimulus package - source


Reuters names Alessandra Galloni as its next editor-in-chief

Reuters names Alessandra Galloni as its next editor-in-chief


Just Eat Takeaway says first-quarter orders up 79% to 200 million

Just Eat Takeaway says first-quarter orders up 79% to 200 million


Change bank capital rules to boost climate action - survey

Change bank capital rules to boost climate action - survey


Tesla rallies after Canaccord upgrades rating, says it is like Apple

Tesla rallies after Canaccord upgrades rating, says it is like Apple


Dream homes that have been given away for free

When it comes to buying a dream home, you don't always need millions in the bank. These stunning homes have all been given away for next to nothing. Prepare to be green with envy...


Blackstone tweaks conditions for $6 billion Australia Crown Resorts buyout

Blackstone tweaks conditions for $6 billion Australia Crown Resorts buyout


TfL passenger numbers jump as retail and hospitality reopen

Passenger numbers on Transport for London (TfL) services jumped this morning as people rushed to back to the capital’s shopping The post TfL passenger numbers jump as retail and hospitality reopen appeared first on CityAM.


20 tips to find the perfect home

Despite predictions of doom and gloom, the real estate market has not only survived the global pandemic, but it’s booming. Suburban homes, especially, are feeling the heat, while urban condominium prices have dipped as people move out of crowded urban spaces. Here are 20 tips for finding a perfect home.


Making women retire later sees state pick up £5,600 bill for care

For every woman working 30 hours a week in her sixties, it costs state £5,600 to make up for care she would have provided for elderly relatives, researchers at King's College London found.


‘It will give structure to the day’: Goldman Sachs staff return to London offices

A steady stream of black cabs pulled up outside Goldman Sachs’ European headquarters in central London early on Monday morning, transporting bankers to their desk. For many of them, it is the first time in more than a year they have been back to the office after the relaxation of the government’s coronavirus lockdown regulations. Stepping out of one cab is Ben, a risk strategy officer who declined to give his surname and who is returning to...


Dollar languishes near three-week lows as traders brace for inflation data

Dollar languishes near three-week lows as traders brace for inflation data


Return of shopping boosts pound, as retailers and landlords welcome the UK’s unlocked High Streets

High street landlords were quick to welcome the return of shoppers, but they and retailers suffered losses on the stock markets


Oil edges higher on Mideast tension, likely crude stocks drawdown

Oil edges higher on Mideast tension, likely crude stocks drawdown


Asia shares bounce on strong China trade data

Asia shares bounce on strong China trade data


UK retailers report higher spending in March - BRC

UK retailers report higher spending in March - BRC


Shares in retailers struggle despite high street reopening

Shops and pubs opened their doors to customers on Monday for the first time in several months.


Extending retirement age risks piling pressure on NHS

Extending retirement age risks piling pressure on NHS


Some investors lukewarm on China's Ant Group if IPO is revived after revamp

Some investors lukewarm on China's Ant Group if IPO is revived after revamp


China's robust exports, surging imports boost economic recovery; outlook still challenging

China's robust exports, surging imports boost economic recovery; outlook still challenging


Exports to EU bounce back strongly – live updates

Exports to EU bounce back strongly – live updates


EU torn apart as Greta Thunberg dismantles bloc for turning blind eye to science

THE EU was torn apart by climate activist Greta Thunberg after she dismantled its failure to "listen to the science" over the bloc's devastating Common Agricultural Policy (CAP).