Rolling coverage of the latest economic and financial news
The boss of the pub chain Wetherspoon’s has vowed to keep price increases to a “minimum”, after blaming a beefed-up packaging tax and rising energy bills for extra costs.
Tim Martin said the recently introduced “extended producer responsibility” levy on packaging will lead to the company’s costs from the tax tripling from £800,000 to £2.4m a year.
For traders in Asia this morning and around the globe, the absence of NFP is a guilty relief—a rare first week Friday without the thunderclap risk of a headline payroll surprise.
The screens are quieter, the alerts still ping, but the heartbeats are slower. Some will take the early cut, step into the weekend before the next wave of OPEC headlines or AI hype rolls across the Pacific.
Continue reading…Rolling coverage of the latest economic and financial newsRachel Reeves could raise £45bn in taxes and keep promises, report saysThe boss of the pub chain Wetherspoon’s has vowed to keep price increases to a “minimum”, after blaming a beefed-up packaging tax and rising energy bills for extra costs.Tim Martin said the recently introduced “extended producer responsibility” levy on packaging will lead to the company’s costs from the tax tripling from £800,000 to £2.4m a year.For traders in Asia this morning and around the globe, the absence of NFP is a guilty relief—a rare first week Friday without the thunderclap risk of a headline payroll surprise.The screens are quieter, the alerts still ping, but the heartbeats are slower. Some will take the early cut, step into the weekend before the next wave of OPEC headlines or AI hype rolls across the Pacific. Continue reading…