Finance

Finance

Tax leaves cavity in wallets

The introduction of a new sugar tax on soft drinks has meant that consumers could end up paying more for their favourite fizzy drinks. The ‘Soft Drinks Industry Levy’, or ‘sugar tax’, was first announced in 2016 in the hopes of putting pressure on soft drinks manufacturers to reduce the sugar content of their drinks,…

Finance

Threshold raised for student loans

From 6 April 2018, university graduates were able to earn more before they begin to repay their student loan. Changes to student finance increased the repayment threshold for English and Welsh undergraduates who started during or after September 2012 from £21,000 to £25,000 a year, with the threshold to be adjusted annually to remain in…

Finance

US job market faces slow growth

The US is the world’s biggest economy. However, the beginning of 2018 saw it faced with difficulties in its labour market with slow growth rates and a static level of unemployment. The US Department of Labour reported that the previous month of March saw the number of jobs available on the market stand at only…

Finance

The Finance Roundup

Tesco continues profits turnaround New Tesco boss, Dave Lewis, has overseen the revival of the popular supermarket chain’s profits over the past two years. Previously having suffered blows from an accounting scandal, the retailer managed to make pre-tax profits of £1.3bn last year. Shares have risen by around six percent, meaning the company is now…

Finance

Bitcoin shareholders worried over warnings

The governor of the Bank of England (BoE) has called for elements of Bitcoin and other cryptocurrencies to be regulated to tackle illegal activity. In a speech made earlier this month, Mark Carney highlighted how cryptocurrencies fail at fulfilling the roles of money and act more like assets, exhibiting the “classic hallmarks of bubbles.” He…

Finance

Highstreets in decline

High street retailers and businesses all across the UK have been closing down in the past few months. With retailers such as Toys R Us and Maplin announcing on the same day that they had fallen into administration, and a host of other high street favourites such as Prezzo, New Look and Marks and Spencer…

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