Posts Categorized: Warren Fyfe

‘Huge business rate rise’ for small firms

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Image copyright Getty Images More than 56,000 small businesses in England will face steep tax rises next year, research indicates. Business rate increases will total £152m in April, rates specialist CVS said, putting a heavier burden on firms already reeling from rising inflation. The prediction follows a drop in retail sales last month as inflation [...]

Police conduct inquiries into Royal Bank of Scotland unit

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Image copyright AFP Police are looking into the treatment of customers by a division of RBS which was set up to help companies in trouble, the BBC has learnt. GRG was the part of the bank tasked with helping small businesses, but it has been accused of mistreatment by some customers and MPs. Officers in [...]

Is now the time to raise interest rates?

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Image copyright AFP Image caption Is the economy moving fast enough to bear a rate rise? It’s been 10 years since the UK last saw interest rates rise. Back then, the iPhone had only just been unveiled, Twitter was a one-year old mystery and Instagram didn’t even exist. Hard to imagine life without these things [...]

Rail firms ‘consider’ railcard for 26 to 30-year-olds

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Image copyright Getty Images Over four million young people in the UK could be set to benefit from a new railcard for 26 to 30 year-olds. The website MoneySavingExpert (MSE) said it had seen documents from the Rail Delivery Group (RDG), which owns the National Rail brand, confirming a rollout of the card next year. [...]

Australian carmaking runs out of road

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Image copyright Holden Image caption A 1970s advert featuring a Holden car and smiling, patriotic Australians Australia’s final locally made car left the production line on Friday when Holden stopped manufacturing in the nation. It is considered the end of an era after similar exits by Ford and Toyota, writes the BBC’s Hywel Griffith in [...]

Government borrowing at lowest September level for 10 years

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Image copyright Getty Images Britain saw its smallest budget deficit for any September in the last 10 years, according to official figures. Last month’s deficit stood at £5.902bn, down almost 11% compared with the same month last year, the Office for National Statistics (ONS) said. With many economists having forecast a deficit of about £6.5bn, [...]

Creative sector warns of Brexit threat to economy

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Image copyright Getty Images Image caption The creative sector is said to support 2.9m jobs in the UK UK-made films, music, adverts and video games could be hit by a post-Brexit restriction on immigration, harming the economy, a trade body has warned. The Creative Industries Federation (CIF) said the £87bn a year the sector generated [...]

One in four people ‘trapped in low-paid jobs’

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Image copyright Getty Images Image caption In Britain, a lot of low paid workers are permanently stuck in poorly paid jobs A quarter of low paid workers are permanently stuck in poorly paid jobs in the UK with little chance of earning more, according to new research. The Social Mobility Commission said low pay was [...]

UK banks exposed to money laundering in South Africa

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Image caption Lord Hain was Northern Ireland secretary from 2005 to 2007 UK banks may have been used to launder money stolen from South Africa, a former cabinet minister has alleged in a letter to Chancellor Philip Hammond. Lord Peter Hain said a South African whistle-blower had indicated the banks “maybe inadvertently have been conduits [...]

Bombardier to partner Airbus on C-Series jets

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Image copyright Reuters Image caption Parts of Bombardier’s C-Series planes are made in Belfast European aerospace firm Airbus is to take a majority stake in Bombardier’s C-Series jet project. Bombardier has faced a series of problems over the plane, most recently a trade dispute in the US that imposed a 300% import tariff. Bombardier’s Northern [...]