Most imports tariff-free under no-deal plan

Image copyright Getty Images The government has announced that most imports into the UK would not attract a tariff in the event of a no-deal Brexit.Under a temporary scheme 87% of imports by value would be eligible for zero-tariff access.At the moment 80% of imports are tariff free.Tariffs would be maintained to protect some industries,…

Warehouses thriving from Brexit stockpiling

Concerns over Brexit have been benefiting some businesses.The UK's warehouses, for example, have seen a surge in demand because so many companies are now stockpiling supplies.

Wonga: Fourfold rise in compensation claimant estimate

Image copyright Getty Images Image caption Wonga sponsored Newcastle United during more successful times for the lender More than 40,000 customers of former payday lender Wonga are seeking compensation with more expected to follow suit, administrators have said.The total is four times the previous estimate, accountants Grant Thornton said, although many will expect little in…

UK economy stalls despite strong January

Image copyright Getty Images The UK economy grew by 0.2% in the three months to January, matching the growth of the previous three months.The report from the Office for National Statistics (ONS) showed a pick-up in activity in January when the economy expanded by 0.5%.The ONS said strength in IT, health services and wholesale trading…

French Connection sales fall as it makes small profit

Image copyright Newscast Sales at struggling fashion chain French Connection fell last year, as a result of the "difficult" trading conditions in the UK.Like-for-like sales, fell by 6.8% compared with the previous year, with declines both in store and online. However, for the first time in seven years, the chain made a small profit of…

Pound falls sharply on Brexit deal advice

Image copyright Getty Images The pound sank after the government's senior law officer said the legal risk of the UK being tied to EU rules after Brexit "remains unchanged".Currency traders fear that the attorney general's advice means Theresa May's revised Brexit deal is less likely to be accepted by pro-Brexit MPs.According to Geoffrey Cox, the…