Monthly Archives: December 2017

Government begins reversal of ‘staircase tax’

Telegraph Business The Government has begun the process of reversing the so-called ‘staircase tax’ in order to ease the burden on business owners. Communities Secretary Sajid Javid will today publish draft legislation to reverse the tax, which is expected to […]

CBI urges UK to focus beyond Brexit to prepare businesses for 2018

Telegraph Business British companies need “unity, clarity and certainty” from politicians rather than the constantly changing policies of the past year if business is to thrive in 2018, according to the CBI. In a year-end letter to members which also […]

UK businesses warn: We are suffering from fall in EU immigration

Telegraph Business British businesses are already suffering from a lack of workers as EU staff quit their jobs and leave the country, and continental sources of labour dry up. Hotels and hospitality firms fear they may have to close as […]

Business quiz of 2017, part 2: Mike Ashley’s High Court battle, ‘Mr Gold’ and the most expensive house on earth

Telegraph Business In a year which saw Sports Direct’s Mike Ashley refer to himself as a “power drinker”, hummus maker Bakkavor hit the headlines and a union threaten to “smash [a company] to bits”, there’s certainly been a lot to […]

Market report: Copper hits four-year high as miners lift FTSE 100 to record close

Telegraph Business Copper prices extended their longest winning streak to a 10th day to send London’s mega miners to the top of the FTSE 100 for a second straight day. The industrial metal is on course for its strongest year […]

DFS rescues eight Multiyork stores in £1.2m deal

Telegraph Business DFS has rescued eight stores from collapsed furniture retailer Multiyork in a £1.2m deal that will save 35 jobs. Two of the stores will be rebranded as DFS while the rest will come under the company’s high end […]

Poundland owner Steinhoff downgraded over debt and liquidity concerns

Ratings agency Moody’s has downgraded embattled South African retailer Steinhoff over concerns about its looming debt pile and its liquidity. Moody’s has given three parts of the company a CAA1 rating, meaning it considers it a very high credit risk. […]

New mortgages hit 15-month low in November, figures show

Mortgage lending hit a 15-month low in November figures from banking industry body, UK Finance have shown. In total, 39,507 house purchases were approved by banks in November, down from 40,417 in October as well as the six-month high of […]

House prices rose £28 a day in 2017 despite London slowdown, says Zoopla

Britain’s housing market has defied uncertainty to grow 3.5pc so far this year, despite a slowdown in London and the South East. The nation’s homes increased in value by an average of £9,652, or £28 per day, between Jan 1 […]

Record year for renewable energy as low carbon sources top 52pc

The Government’s bet on subsidising renewable energy power has already halved the carbon emissions from the power generation industry over the past five years. Fresh data from National Grid has revealed that tumbling clean energy records in the past year, […]