Budget boost for low-earners as minimum wage rises to £9.50 an hour

Rishi Sunak will confirm one of the biggest increases in the minimum wage this week after independent advisers recommended that the main rate should rise to £9.50 an hour. The Low Pay Commission, a panel of experts, has said that the national living wage, which is paid to the lowest earners aged 23 and […]

Wales Chief Medical Officer: ‘Draconian’ steps may be reintroduced if cases keep rising

More “draconian” measures could be reintroduced in Wales if cases of Covid-19 continue to soar, the country’s chief medical officer has warned. Dr Frank Atherton said he has been “disappointed” to see many people have stopped carrying out the most basic measures recommended to keep safe, such as wearing masks and social distancing. Wales’ […]

Why start-ups fail: 5 barriers to business success and how to overcome them

In 2019, the Telegraph revealed that 20% of new ventures will fail within just 12 months of opening their doors, with that figure climbing to 60% within the first three years. In fact, failure at the start-up phase is so widespread that many entrepreneurs have taken to writing a “failure post-mortem” to assess where […]

Tesco website hit by hackers, leaving thousands of customers frustrated

Tesco has been hit by hackers, leaving thousands of frustrated shoppers unable to buy groceries online at Britain’s biggest supermarket. The outage leaves its grocery website and app down for a second day, with people unable to book deliveries or amend existing orders. Tesco receives 1.3m online orders every week. A Tesco spokesperson said: […]

HSBC profits rise 74% as economy rebounds from Covid crisis

HSBC’s profits rose 74% in the third quarter as improving economic conditions allowed the bank to release hundreds of millions of pounds originally set aside for a potential jump in loan defaults during the pandemic. The London-headquartered bank said pretax profits rose to $5.4bn (£3.9bn) in the three months to 30 September, up from […]

80% of UK employers plan to hire over next 12 months

The majority of UK employers are planning to hire staff over the next 12 months, the highest recruitment intentions in eight years, as Brexit and the Covid-19 pandemic have caused acute shortages of workers in sectors ranging from haulage to hospitality and social care. 80% of businesses and other organisations are planning to take […]

UK businesses tell Chancellor to raise taxes to help push for net zero

More than a third of companies believe that the chancellor should increase taxes to tackle greenhouse gases as part of “a carrot and stick” approach to driving the transition to net zero. A survey of more than 1,000 businesses by EY released days before Rishi Sunak delivers his third budget found that 39 per […]