River Island allowed to shut shops to stave off collapse
River Island has been given the green light to close 33 stores across the UK after the High Court approved the fashion retailer’s restructuring plans. The High Street brand said…
Chocolatiers blame cafe closure on rising costs of ingredients
The owners of an award-winning artisan chocolate business say increased prices and staffing costs have forced them to close their cafe. Holly and Sam Garner said Hollychocs, in Devizes, Wiltshire,…
Sheffield’s Baby Basics UK opens bigger premises to meet demand
A baby bank which supports families with vulnerable children has moved to a bigger premises to help meet demand for its services. Baby Basics UK, which provides practical essentials to…
Crocs shares plummet as US shoppers rein in spending
Shares of American footwear firm Crocs have plunged nearly 30% after it warned of a drop in sales as US shoppers rein in their spending. The rubber clog maker says…
Why firms are merging HR and IT departments
Sean McManus Technology Reporter Getty Images The emergence of AI is making firms rethink their organisation Even if you have never worked for a big company, you will probably have…
Britons booking later, closer, shorter UK breaks, travel firms say
Elaine Doran & Colletta Smith Cost of living producer & correspondent Getty Images UK holidaymakers are leaving it later to book shorter stays closer to home, travel firms are reporting.…
Trump calls for Intel boss Lip-Bu Tan to resign over alleged China ties
Getty President Donald Trump has called on the head of US chipmaker Intel to resign “immediately”, accusing him of having problematic ties to China. In a social media post, he…
Trump opens door for crypto in retirement accounts
US President Donald Trump is pushing to make it easier for Americans to use retirement savings to invest in cryptocurrencies, private equity, property, gold and other kinds of non-traditional assets.…
Bank of England Cuts Interest Rate To 4%
Bank of England cuts interest rate from 4.25% to 4% Source link
Why has the Bank of England cut interest rates?
So why has the Bank of England cut rates when inflation is well above its target of 2% and seems set to remain there? This vexed question is why the…