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Like Keerthana, Alicia Munhupedzi used the internet to find her dress – though it was a bit last minute. “I thought, ‘Where can I get a nice dress really quickly and cheaply?’” The answer? Depop, the second-hand clothing app popular among Gen Z shoppers that sold for $1.2bn (£890m) earlier this year. Like others, Alicia…
Government borrowing falls by more than a third in December
UK government borrowing was significantly lower last month, due to an increase in tax income outweighing spending, official figures show. In December government borrowing – the difference between public spending and tax income – was £11.6bn, the Office for National Statistics (ONS) said. It is down £7.1bn – 38% – from the previous December, and…
Jaguar Land Rover posts heavy loss after cyber-attack
Jaguar Land Rover has reported a heavy loss for the three months to the end of September, a period during which it was badly affected by the impact of a serious cyber-attack. The carmaker posted a £485m loss – before tax and exceptional items – compared with a profit of £398m for the same period…
