The ONS said the period between April and June saw the largest fall in productivity on record, including when the three-day working week was introduced by Ted Heath’s government in 1974.
The boot retailer, which counts supermodel Gigi Hadid (pictured) among its fans, said it was ‘morally right’ to return cash it claimed after furloughing staff at stores and its manufacturing site.
Internet shopping giant Amazon, which raked in sales of £750m per day in the second quarter, told firms selling goods on its marketplace that it will hike fees in response to the UK digital services tax.
The shares of these behemoths now account for 31 per cent of the £25trillion market value of America’s 1,000 biggest quoted firms. On a micro-scale, this phenomenon also is evident in Europe.
Last year Mike Ashley’s Frasers Group shocked the City when it delayed its accounts by a week before a fraught results day, which led critics to call it ‘an embarrassment to UK corporate governance’.
The company saw its total losses climb from €27million in the first half of 2019 to €158million in the respective period this year even though it received 60 million more takeout orders.
The credit reference agency said the amount people owed in non-mortgage borrowing fell from £11,615 to £9,681 between the 23 March lockdown and 8 June.
The amount of money paid into Post Office branches rose 27 per cent to £1.8bn, while withdrawals totalled £607m – up 13 per cent. Many shops stopped accepting cash for fear it could spread the virus.
Families poured around £555m into cash Junior Isas last year. But the average rate is now down at 1.91 per cent from 2.46 per cent at the start of the year, according to data firm Moneyfacts.
James Gilham, his partner and one-year-old daughter have been unable to move to their dream home because they cannot get documents to show that the flat they were selling is not a fire risk.
Recent Comments