{"id":11202,"date":"2023-05-09T14:41:28","date_gmt":"2023-05-09T13:41:28","guid":{"rendered":"https:\/\/alexanderrosse.co.uk\/?p=11202"},"modified":"2024-01-03T00:04:27","modified_gmt":"2024-01-03T00:04:27","slug":"business-update-10-may-2023","status":"publish","type":"post","link":"https:\/\/alexanderrosse.co.uk\/business-update-10-may-2023\/","title":{"rendered":"Business Update \u2013 10 May 2023"},"content":{"rendered":"
Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.<\/p>\n
King Charles and Queen Camilla were \u201cdeeply touched\u201d by the coronation and \u201cprofoundly grateful\u201d to the people who made it a special occasion. On Saturday, King Charles III was crowned at a ceremony at Westminster Abbey,<\/a> with more than 2,000 guests looking on and an additional 18 million viewers watching in the UK. It was the first coronation in 70 years. <\/p>\n The coronation of King Charles III was attended by former prime ministers and international dignitaries. Here are many of them arriving at the ceremony.<\/a> <\/p>\n Anti-monarchists say policing of the coronation of King Charles was heavy-handed<\/a> and violated their rights, as dozens of protesters were arrested and detained. Protesters were released, with a UK minister saying the police operation struck the right balance between respecting rights and preventing disruption. <\/p>\n Millions of people visit the UK annually to visit historical royal landmarks, with Windsor Castle, Frogmore House, Buckingham Palace and other sites generating significant revenue from ticket sales and souvenir sales.<\/a> In all, the monarchy contributes around \u00a32.5bn to the British economy annually. <\/p>\n The Bank of England could be forced to raise interest rates to 5% in the coming months, as Britain grapples with the highest inflation rates among the G7 group. High inflation is expected to maintain financial pressure on households. <\/a><\/p>\n In the last two years, the number of pharmacies in England has dropped by 160,<\/a> with only 11,026 community chemists. Increases in operational costs, reduced government financial support, and staff shortages have all been cited as reasons for the drop, despite an increase in patient demand. <\/p>\n The chief executive of the Post Office, Nick Read, will return part of a \u00a3450,000 bonus<\/a> from 2022, after a rebuke from Sir Wyn Williams, who is chairing the inquiry into the HOrizon computer scandal. While the Post Office said it had met all its obligations to support the inquiry, that inquiry is still taking place. Some sub-postmasters were blamed for issues with their post office\u2019s finances and faced jail time, when the issue was linked to a glitch-prone IT system. <\/p>\n Labour party leader Sir Keir Starmer said the party would increase the stamp duty paid by foreign buyers of UK property<\/a> and restrict the sale of new-build properties to overseas investors. Additional policies would make it easier for younger workers to buy their own homes, the party says. The party\u2019s full platform is expected in the coming months, ahead of an anticipated general election next year. <\/p>\n The Competition and Markets Authority said it would be conducting a review of the artificial intelligence market<\/a> to ensure the new, rapidly scaling technology develops in ways that ensures competitive markets and consumer protection. An interim report on findings is due in September. <\/p>\n Speaking at the Institute of Travel Management\u2019s annual conference, Kelly Beaver, chief executive UK & Ireland of Ipsos said the UK public is conflicted about travel due to its environmental impact, but is also reluctant to support any government intervention that affects them. While 40 per cent of those surveyed believe aviation is a main cause of global warming, only 30 per cent believe the sector is taking action to reduce emissions. <\/a><\/p>\n Contact us if you have any questions or want to discuss the next steps for your business. <\/p>\n The post Business Update – 10 May 2023<\/a> appeared first on Firm Name<\/a>.<\/p>\n Contact us<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward. King and Queen say thanks for \u2018glorious occasion\u2019 King Charles and Queen Camilla were \u201cdeeply touched\u201d by the coronation and \u201cprofoundly grateful\u201d to the people who made it a special occasion. On Saturday, King … Continued<\/a><\/p>\n","protected":false},"author":14,"featured_media":10455,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[96,54,97],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\nThe coronation\u2019s global guests – in pictures<\/h3>\n
Anti-monarchists criticise arrests at King Charles\u2019 coronation<\/h3>\n
How much money does the royal family bring in tourism?<\/h3>\n
Bank of England may have to raise rates to 5% this summer, says Goldman Sachs<\/h3>\n
Scores of local pharmacies closing across England<\/h3>\n
Horizon scandal: Post Office boss to pay back part of bonus<\/h3>\n
Labour to clamp down on foreign buyers of UK properties<\/h3>\n
AI market faces investigation by UK competition regulator<\/h3>\n
UK public \u2018deeply conflicted\u2019 about air travel<\/h3>\n
Get in touch<\/h3>\n