The pound dropped today after the latest survey figures on the economy revealed the devastation wreaked on the country’s service and retail sectors by coronavirus disruption. The service sector – which incorporates businesses like hotels, restaurants, bars, nightclubs, pubs and hairdressers – suffered the biggest drop in activity since records began in July 1996, the IHS … Read more
FTSE CLOSE: Shares jump on US-China trade deal; Pound at $1.33 as new MPs head to Parliament; Sports Direct close to tax deal with Belgium By This Is Money Published: 08:52 GMT, 16 December 2019 | Updated: 17:16 GMT, 16 December 2019 The FTSE 100 has soared 2.25 per cent or 165.61 points to 7519.05 … Read more
When the late Paul Volcker took over the U.S. Federal Reserve in 1979, the American economy was suffering an uncommon malady known as ‘stagflation’ – a mix of high unemployment and inflation. To defeat this, the Fed raised interest rates to as high as 21.5 per cent at one point. The measure instigated a massive … Read more
Rishi Sunak to announce cash bail-out for five million self-employed Britons facing coronavirus ruin – after promise to cover 80% of laid-off workers’ incomes Chancellor Rishi Sunak is preparing the fresh coronavirus economic bailout Follows announcement that Government would cover 80% of employers’ wages Musicians said the outbreak caused ‘complete shutdown of our places of work’ … Read more
James Stunt and Petra Ecclestone are pictured together above before their bitter 2017 split. Miss Ecclestone was granted a divorce after a bitter legal fight over their joint £5.5billion fortune Furious James Stunt ranted ‘they have made a billionaire homeless’ as his £11million luxury home was repossessed yesterday. The self-styled playboy complained he could catch coronavirus living … Read more
You’re planning a budget break. You’ve looked into flights and hotels. But what about everything else? The new annual Post Office Travel Money report tots up the cost of a ‘tourist basket’ of eight holiday staples in 42 top-choice destinations for British tourists. Thanks to the resurgent pound, more than three-quarters of the list is … Read more