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Why are bond yields rising and how does it affect me?
The government’s ability to play with the public finances is limited by the so-called fiscal rules it has set for itself. So, if it needs more money to pay back higher borrowing costs, it has less to spend on other things (under its self-imposed rules). The possibility now looms of less support for households struggling…
Covid Inquiry to probe furlough and business loans
The third stage of the Covid-19 Inquiry begins hearing evidence on Monday focusing on the measures taken to support workers’ incomes and keep businesses afloat when the pandemic struck. It will focus on what action the UK government, devolved administrations in Scotland, Wales and Northern Ireland, and local authorities took, how well schemes were designed…
Shoplifters carrying lists, says Shropshire M&S manager
Lewis said she had seen the level of shoplifting increase and decrease in line with the cost of living, but added: “When there is a presence in the town, they are deterred.” Insp Ingrid Tozer, the West Mercia Police officer responsible for Shrewsbury town centre, said an increased police presence there was making a difference….
PwC says young recruits are hungry for careers and plans to hire more graduates
The government had hit business too hard when it raised employers’ National Insurance contributions in autumn 2024, followed by bigger than expected rises to minimum wage rates, and new employment rights, which had deterred businesses from hiring, investing and growing, he said.
Tesla plans to pay Musk $1tn – do they really need him that much?
Lucy HookerBusiness reporter Getty Images A great leader is a huge asset for company, of course, but can anyone be worth $1 trillion? That is the pay packet Tesla shareholders have approved for Elon Musk, as long as he meets the targets they have set over the next 10 years. In the meantime he won’t…
