Tag: UK economy

  • Ford to cut thousands of jobs in turnaround plan

    by Blog certified

    Carmaker Ford has announced plans for a major shake-up of its operations in the UK and mainland Europe. It is expected to lead to thousands of job losses across Europe, including the UK, although cuts at its UK factories are not thought to be imminent. But Ford Europe boss Steven Armstrong said should the UK […]

    more
  • ‘Super Saturday’ fails to boost retailers

    by Blog certified

    The so-called “Super Saturday” before Christmas saw an incremental boost in shoppers, according to latest data from retail experts Springboard. High Street footfall rose by 1% on last year, and was up 6.9% on the previous Saturday, figures show. However, overall footfall still declined by 0.7% on last year. “It was a bit of a […]

    more
  • Bank warns no-deal could see UK sink into recession

    by Blog certified

    A no deal Brexit could send the pound plunging and trigger a worse recession than the financial crisis, the Bank of England has warned. It said the UK economy could shrink by 8% in the immediate aftermath if there was no transition period, while house prices could fall by almost a third. The Bank of […]

    more