“The Bank’s overly tight monetary stance is pushing mortgage lending down, companies are struggling to repay debt, insolvencies are rising, and households are withdrawing money to meet higher repayments,” said Trevor Williams, chair of a committee which monitors the Bank’s decisions and former chief economist at Lloyds Bank.
There had been a similar failure 10 months earlier, when Carillion, a giant construction and services group, also ran...
Settlements such as this one have been occurring in so-called shortage sectors, such as driving buses, lorries, and rubbish...
Shipping giant Maersk says it is diverting cargo from Port of Felixstowe due to congestion.
Michael O’Leary, boss of Ryanair, said they had to cancel about 250 flights on Monday, affecting about 40,000 passengers....
“A menu is made up of a variety of items that includes frozen foods, long-life ambient foods, but also...
Overall, Gen Z (those aged 24 and under) and Millennial workers (25 to 40-year-olds) were most likely to be...
Mr Jassy, who took over as chief executive two years ago, has focused on trimming costs and improving efficiency,...
“A combination of Covid-19 restrictions, the backlog from the Suez Canal blockage, increasing global demand for shipping containers, disruption...
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