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Poundland takes on Primark with rollout of Pep&Co fashion outlets

Poundland is to accelerate the rollout of Pep&Co fashion outlets within its existing stores as the retailer ramps up competition with rival Primark. The expansion drive, part of its aim to become a "major high street fashion player", will see it open 91 Pep&Co stores by June, putting it on course to...

Donald Trump will damage his own economy if he goes ahead with huge steel tariffs, IMF warns

Donald Trump’s plan to impose taxes of up to 25 per cent on imports of steel and aluminium would damage the US economy as well as America's trading partners around the world, the International Monetary Fund has warned. The financial organisation said the import restrictions could lead to other countries imposing similar...

How one French farmer shunned modern technology for the peasant way of life

When farm machinery revolutionised French agriculture in the years after World War Two, a young Jean-Bernard Huon turned his back on the new technology. Half a century later, in a corner of southern Brittany on France’s west coast, Huon still uses oxen to plough his fields, determined to preserve an ancestral, peasant...

Why Lord Willetts is right when it comes to baby boomers and old age

“The age of tax cuts for baby boomers is over,” Lord Willetts has told wealthy members of that generation, who have become accustomed to being the Government’s favoured sons and daughters.  The Conservative peer and chair of the Resolution Foundation said that the spiralling cost of health and social care threatens to put...

Carpetright the latest retailer to run into very heavy going. There will be more to follow

A day after Toys R Us and electronics retailer Maplin went down, Carpetright has put out an announcement indicating that it’s finances are looking distinctly threadbare.  Sales in the UK remain below bosses' expectations and the group expects a loss for the year ending April 28. The retailer is also having to...

UK’s largest online retailers record 23% jump in sales

The UK’s largest online retailers raked in £8.4bn in the 12 months up to August 2017, a significant rise of 23 per cent on the year before, new research shows. The jump was in large part down to the increasing use of smartphones for online shopping, according to law firm RPC. Household names such...

UK politics – live updates: Theresa May admits homelessness is a source of ‘national shame’

Theresa May has attempted to shift focus away from Brexit today as she delivered a speech on the state of the housing market in Britain. She announced plans to penalise property developers who do not build homes quickly enough, urging the to “do their duty" to Britain.  The PM also used her speech to...

Gig economy ruling: Couriers carrying blood for NHS win right to collective bargaining

A union for couriers delivering vital blood supplies to NHS hospitals has won the right to recognition from an employer in a victory for gig economy workers. It is the culmination of a lengthy battle for the International Workers’ Union of Great Britain and couriers at The Doctors Laboratory.  TDL is a private firm that...

Kentucky: Child marriage ban delayed after opposition from conservative group

Politicians in Kentucky are stepping up their fight to end child marriage in the state after a planned vote on the matter was postponed because of opposition from a conservative group. Under current law, 16 and 17-year-olds can marry with their parents’ permission. Any age under 16 can also get wed, as long...

UK car registrations slide in February as slump in demand for diesel bites

The UK market for new cars dropped again in February, particularly hit by a slump in demand for diesel vehicles, the industry’s main trade body said. According to the Society of Motor Manufacturers and Traders (SMMT), 80,805 new cars were registered last month, representing a 2.8 per cent decline on the same...

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More than a third of UK’s top 100 restaurant chains are losing money

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