Category: Business
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What does the next Bank of England base rate rise mean for you?
The Bank of England’s Monetary Policy have voted in a majority to raise the base rate to 4.25% – the highest level in 14 years. The decision to rise rates by 0.25 percentage points has been taken to try and combat inflation which is currently at 10.4% – over five times the MPC’s target and…
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What’s been going on with Credit Suisse?
Anyone with even the vaguest interest in our financial sector will have heard of the troubles that have beset the international investment bank Credit Suisse in recent days as it teetered on the brink of collapse – threatening to bring worldwide economies with it. On March 14, Credit Suisse announced to the world that it…
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Payday Loans: How misselling crippled an industry
5000% APR, misleading advertising, lax credit checks – these were the problems which led to the downfall of the payday loan industry, an industry which took the phrase “A business’ job to make money” to extremes earning the nickname ‘the crack cocaine of debt’.
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Key points from the 2023 Budget
Earlier today, Jeremy Hunt stood proudly at the dispatch box and delivered his plan to improve and stabilise the British economy as it emerges from the recent challenges it has faced. Hunt used a combination of words that start with E to emphasises the key points of his economic plan so I’ve decided to do…
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Ocado: the unprofitable world of warehouse technology
Welcome to the exciting and unprofitable world of futuristic grocery delivery. At the forefront of this industry is Ocado, the company responsible for swapping pickers and packers for robots and machines in all their warehouses. This mechanisation all sounds great until you hear that Ocado hasn’t made a profit in all but two years of…
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Why are M&S shutting stores?
Marks & Spencer have announced that they will be closing 67 stores this year but many are wondering why. There are of course obvious reasons for this but is there anything lurking in the business that could explain it. M&S was founded in 1894 by Michael Marks and Thomas Spencer in Leeds. Since then, they’ve…
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My Businessy Holiday in London
I’m not normally one to write grandiose articles about my travels (especially as I don’t go very far) but this is a trip I’ve wanted to do for years and is heavily business-orientated so should be of interest. This isn’t a comprehensive guide to every possible business attraction you could do in London. It’s the…
