Carney: Fog of Brexit is creating tensions in the economy
Bank of England governor Mark Carney says the “fog of Brexit” is creating “tensions” within the economy. Source by [author_name]
Twitter reports higher profits – BBC News
Image copyright Reuters Twitter has reported a jump in profits for the final quarter of 2018, despite a fall in the number of people using the micro-blogging platform. Profits rose sharply to $255m (£197m), more than double the $91m profit it made a year earlier, as advertising revenues grew. But Twitter downgraded its revenue forecast …
Bank forecasts worst year for UK since 2009
Image copyright Getty Images The Bank of England expects growth this year to be the slowest since 2009 when the economy was in recession. It is forecasting growth of 1.2% this year, down from its previous forecast of 1.7% made in November. The Bank said it had seen further evidence that businesses were being cautious …
Online gambling checks to be strengthened
Image copyright Getty Images The Gambling Commission is bringing in new rules for online gaming firms to try to make gambling safer and fairer. Operators will need to confirm customers’ age and identity faster than the 72 hours previously allowed. The Commission says that will help stop problem gamblers circumventing exclusion systems, as well as …
UK housing market experiences new year chill
Image copyright PA UK house prices fell by 2.9% in January compared with December, according to the country’s largest mortgage lender. The Halifax, part of Lloyds Banking Group, said it was the second time in three years that the new year had begun with a significant fall. The month-on-month change is a volatile measure of …
Gucci withdraws jumper after ‘blackface’ backlash
Image copyright Gucci/Spring Luxury fashion brand Gucci has withdrawn a woollen jumper from sale after the item was criticised for “resembling blackface.” The black “balaclava jumper” covered the lower half of the face and featured a red cut-out around the mouth. The item prompted a backlash on social media by users who claimed the design …
Thomas Cook considers sale of airline
Image copyright Getty Images Thomas Cook has said it is conducting a “strategic review” of its airline as it seeks to find funds to invest more in its hotels business. The firm stressed the review was at an early stage, but would consider “all options” including a sale. The company’s fleet of 103 jets is …
Energy prices to rise for millions as Ofgem increases cap
Image copyright Getty Images More than half of British households are set to see an increase in the cost of energy in April after the regulator, Ofgem, raised price caps. Ofgem sets maximum prices that can be charged for gas and electricity to those who have not switched suppliers and are on default tariffs. The …
Brexit: UK jobs ‘attracting less interest from EU workers’
Image copyright AFP UK jobs are attracting less interest from other European workers, figures released by some of the world’s largest job search engines suggest. Data analysed for BBC News by jobs site Indeed show the number of searches for UK jobs from other European countries has fallen since 2015. The construction and healthcare industries …
Brexit: Budget cuts threaten Ramsgate ferry plan
Image copyright Getty Images A decision is due on budget cuts that could prevent Ramsgate reopening as a ferry port to ease pressure on other routes in the case of a no-deal Brexit. The government handed Seaborne Freight a £13.8m contract to run a service to Ostend, in Belgium, under contingency plans to alleviate any …