Plenty of consumers will be all too familiar with the historically laborious and costly task of sending money abroad. The outbound UK retail FX transfer market is worth around £60bn a year, according to a survey carried out by FXCintel on behalf of the Financial Conduct Authority (FCA) in 2018. Where traditionally, high street banks […]
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Productivity declines for third quarter in a row
The Labour Party and economists have raised their concerns as the UK’s productivity has declined for the third straight quarter in a row. In the three months to March output dropped by 0.2% per hour compared to the previous year the Office for National Statistics (ONS) said. In the same period manufacturing declined by 0.9% […]
Read MoreAsda scraps plastic bags for online shopping
Asda has announced that from 31 July the home delivery click & collect service are to scrap plastic bags for online shopping. Asda said that this will remove some 85m plastic bags out of production each year and save more than 500 tonnes of plastic. Simon Gregg, Asda vice president for online grocery said, “We’re […]
Read MoreVirgin Atlantic flight makes emergency landing after smoke fills cabin
A Virgin Atlantic flight bound for Heathrow airport made an emergency landing at Boston Airport in the US after a burning smell and smoke was coming out from first class. All passengers were safely evacuated, and the flight left JFK airport at 8pm last night. When the A330 aircraft landed bomb disposal officers entered the […]
Read MoreIran threatens to seize British ship after Commandos storm oil tanker
After British Royal Marine Commandos stormed an oil tanker in Gibraltar on Thursday Iran has now issued a threat to seize a British tanker. On Thursday an Iranian super tanker suspected of carrying oil to Syria breaching European Union sanctions was seized by British Commandos with the authorities in Gibraltar. A Gibraltar government spokesman said […]
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