Interest Rates
This coverage examines interest rate changes and their impact on the UK petcare industry, focusing on implications for retailers, wholesalers, distributors, and supply chain operators. Pet Gazette reports on Bank of England decisions, financial market trends, and economic forecasts, alongside analysis of how borrowing costs, consumer spending, and business investment are affected. Our coverage helps pet trade professionals understand the financial landscape, plan budgets, and adapt strategies in response to interest rate movements.
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Mar- 2020 -13 MarchBusiness Bites
BT’s boss catches it, markets rebounding, pain medication prices spike
Today I am going to rattle through a wider selection of stories than normal because the spread of the virus is hitting so many sectors hard, with key figures in the business community affected. The markets are recovering some of their losses this morning after having their worst selloff since…
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Jan- 2020 -15 JanuaryBusiness Bites
Boohoo more valuable than M&S – a sea-change encapsulated
From a purely journalistic standpoint it is now a de facto cliché to refer to Marks and Spencer as the “high street bellwether”, yet that is the status it has held for so many decades. The once mighty monolith was the first British retailer to reach a market capitalisation of £1bn and…
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14 JanuaryBusiness Bites
Javid mulls three-year passenger duty holiday for Flybe
Things are not looking rosy for low-cost airline, Flybe, but the chancellor Sajid Javid may have some proposals that save it from complete collapse. It is reported this morning that he is considering cutting air passenger duty on all domestic flights – a big boon for all the other airlines but also…
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9 JanuaryBusiness Bites
Who would have thought skinny jeans could be anyone’s undoing?
It’s not often that the business pages give you a good belly laugh. But today we have the spectacle of Marks & Spencer blaming its poor Christmas trading results partly on an oversupply of skinny jeans for men. Apparently customer surveys revealed that the high street bellwether’s ranges were “too old” the…
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Nov- 2018 -1 NovemberBusiness
Bank of England puts hold on interest rates due to Brexit uncertainty
The Bank of England has placed interest rates on hold following growing uncertainty around Brexit. A vote to leave rates unchanged held by the bank’s Monetary Policy Committee (MPC) was in favour of leaving rates at 0.75% by 9-0. Financial markets are currently indicating that rates will not rise until…
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Jun- 2017 -7 JuneCurrent Affairs
Businesses unable to cope with interest increases, research shows
One in 25 businesses would be unable to pay off its debts if the interest rates were to increase, research from insolvency trade body R3 has shown. Some 79,000 (4%) UK companies said that a small increase would affect them financially, almost a quadrupling (20,000) of figures from previous research…
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Jul- 2016 -26 JulyCurrent Affairs
NatWest and RBS could introduce charges for business customers
The Royal Bank of Scotland (RBS), which owns NatWest, has said small businesses could be forced to pay charges on credit balances if interest rates dip below zero. The BBC reported that 1.3 million NatWest and RBS business and commercial customers received a letter outlining the potential changes. Personal customers’ accounts will not be…
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Apr- 2016 -12 AprilCurrent Affairs
UK inflation rate reaches 0.5% in March
The UK inflation, as measured by the Consumer Prices Index, rose to 0.5 percent in March 2016, according to the Office for National Statistics. Although the rate has increased gradually since last October – reaching 0.3 percent in February – in terms of historical context it is still relatively low.…
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Jul- 2015 -30 JulyCurrent Affairs
UK GDP growth has increased in the second quarter
The UK recovery is well under-way with gross domestic product (GDP) per head increasing after seven years according to the Office for National Statistics (ONS). Growth measured at 0.7 percent in the second quarter of 2015, meaning a recovery from 0.4 percent from the first three months of the year.…
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