The message from the Bank of England is that the economy has been hit by supply chain bottlenecks, both for goods and workers, pushing back the time when the economy regains all the lost pandemic growth into early next year. And while the inflation picture is now worse, with a forecast peak of 5% when the energy price cap is due to be further increased in April 2022, there is not much the Bank thinks it can do about the global drivers of this.
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Heathrow Airport suffers 600,000 cancellations in December
admin, , Business, 0
Mr Holland-Kaye said: “There are currently travel restrictions, such as testing, on all Heathrow routes – the aviation industry...
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Travel sector dismay as Portugal faces tougher rules
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On 2 June, there were 5.4 new cases per 100,000 people per day, which was only a touch higher...
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Heathrow security staff call off strikes
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The offer includes a 10% increase in pay – backdated to January – rising to 11.5% in October, and...
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Homebuyers’ stress over impact of CTS cyber-attack
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A spokesman for the Information Commissioner’s Office (ICO), which regulates CTS, said: “People have the right to expect that...
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Flights will be more expensive, says IATA’s Willie Walsh
admin, , Business, 0
“Aviation is under considerable pressure as demand ramps up – at Heathrow we’ve faced 40 years of growth in...
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Liberty Steel boss asks government for £170m bailout
admin, , Business, 0
“We are still refining the details with my management team and our external advisors, but preliminary indications are that...
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‘I’ve gone months with no information about the future’
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London rules ‘put 250,000 hospitality jobs at risk’
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Arcadia: ‘No last minute rescue’ for Topshop owner
admin, , Business, 0
The company, which includes Topshop, Burton and Dorothy Perkins, is set to enter administration on Monday.
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