UK TRADE AND BUISNESS

According to the Guardian’s news coverage that shoppers stayed away from the UK high street in March, a situation retailers said could worsen if the economic gloom caused by Donald Trump’s tariff war hits consumer confidence. Footfall fell 5% in March to extend a downturn in February that retailers said could be attributed to a recent rise […]

A leading construction industry body has warned the prime minister that measures unveiled in the budget will “fatally undermine” family-run companies in the sector, adding to the business backlash facing the government since the end of October. Reports from Sky News In a letter to Sir Keir Starmer seen by Sky News, Steve Mulholland, chief […]

The Christmas gift to Labour is unlikely to keep on giving with the cost of state borrowing at a high not seen for more than a year. According to Sky News that Government borrowing in November was the lowest for that month in three years, according to official figures. November borrowing was £3.4bn less than […]

The UK economy shrank for the second month in a row in October as concerns about the Budget continued to weigh on confidence. BBC reported today Official figures showed a 0.1% drop, despite expectations that the economy would return to growth after a fall in September. The Office for National Statistics (ONS) said that activity […]

BP (BP.L), opens new tab has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm’s energy transition strategy to regain investor confidence, three sources with knowledge of the matter said. According to Reuters reports today  When unveiled in 2020, BP’s strategy was the sector’s most ambitious with […]