Julian Jessop

Independent economist. Likes charts. A 'bit Brexity'. IEA Economics Fellow. Schools speaker. Diploma in Law. FRSA. COYG. Views here mine only. I fund myself...

Articles

Russia issues a ‘catastrophic’ warning as Trump has not ruled out using nuclear weapons in Iran

1 week ago | londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Julian Jessop

The US President has not ruled out using nuclear weapons in Iran to attack the Fordow nuclear enrichment site which is deep underground. The Kremlin has warned Washington that even if they were to carefully use a nuclear weapon on the nuclear facility in Iran the consequences could be “catastrophic.”Speak to TASS news agency the Kremlin’s spokesman Dmitry Peskov said there has “been a lot o”f speculation.
Company insolvencies jump due to the Chancellors tax increases

1 week ago | londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Julian Jessop

Official data from the Insolvency Service shows an 8% increase in companies going bust as they were hit by the Chancellor’s tax rises in April. In May across England and Wales there was 2,238 company insolvencies which is an 8% rise compared to April and 15% higher compared to the same period in 2024. There were 1,734 creditor’s involuntary liquidations, 354 compulsory liquidations, 136 company administration and 14 company voluntary arrangements.
May retail sales - cracks starting to appear

1 week ago | londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Julian Jessop

The Office for National Statistics has reported retail sales figures in Great Britain for May:Retail sales volumes fell by 2.7% in May following a rise of 1.3% in April. Non-food store sales volumes fell by 1.4%, Food fell by 5.0% following strong growth of 4.7% in April. Clothing sales volumes fell by 1.8%. Retail sales had been expected to fall by 0.5%.
Ryanair Boeing 737 from the UK crashes on runway

1 week ago | londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Julian Jessop

A Ryanair Boeing 737 from the UK to Greece has crashed on a runway leaving passengers terrified. The Ryanair flight crashed into a barrier and the wing smashed after landing at a Greek Airport, the flight had “suffered turbulence” on the flight and then passengers heard a loud bang as the plane hit a barrier.
Fighter jets scrambled as ‘bomb threat’ declared on flight

1 week ago | londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Julian Jessop

Portuguese Air Force scrambled their fighter jets on Thursday after a “bomb threat” was declared onboard a passenger jet which is believed to be heading to Spain. Two F-16Ms were deployed to support the civilian flight as it was set to land at Faro Airport, landed at Lanzarote Airport.
Moscow warns Trump that military intervention on Iran will ‘be an extremely dangerous step’

1 week ago | londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Julian Jessop

The Prime Minister Sir Keir Starmer is mulling over options what the UK will do in response to the ongoing conflict between Iran and Israel. The US President Donald Trump has approved plans to attack Iran, but he wanting to give Tehran one final opportunity to see if they will agree to stop their nuclear programme, the Wall Street Journal reported. The WSJ cited officials close to Trump who are familiar with the US President’s decision making.
Grant Thornton research highlights record number of Indian-owned businesses in the UK

1 week ago | londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Julian Jessop

New research for the 12th edition of the Grant Thornton India meets Britain Tracker has revealed that there are now 1,197 Indian-owned companies operating in the UK, an increase of over 23% on 2024 when 971 were recorded. This is the highest number identified, and the largest year on year increase, since Grant Thornton began tracking exact total numbers in 2017 i and highlights the growing strength of the India–UK economic relationship.
The UK’s most popular jobs

1 week ago | londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Julian Jessop

Care workers and software developers are the most common, or widely-held, full-time jobs by women and men respectively, according to new analysis of ONS data by HR software provider Ciphr. Care workers make up the largest full-time workforce overall, with over half a million (501,400) estimated employees in the year to December 2024. That’s about 2.3% of the UK’s 21.7 million full-time employees (not including self-employed workers).
Getting a pet? Remember that this essential household bill could go up by 10%

1 week ago | londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Julian Jessop

A new study has found that home insurance premiums jump by 10% for pet owners – an extra expense that could be overlooked by residents who are budgeting for a new addition to their family. The research reveals that the median cost of joint buildings and contents home insurance is £219 for those who don’t have a dog or cat, while the median for homeowners with a pet costs £240 on average.
Take steps now to prepare for Pension Schemes Bill, TPR tells trustees

1 week ago | londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Julian Jessop

Trustees should take practical steps now to prepare for the Pension Schemes Bill and ensure they continue to provide quality services, The Pensions Regulator (TPR) said on Wednesday. In a speech, TPR’s Interim Director of Policy and Public Affairs Patrick Coyne said the regulator will seek to bridge the gap between the introduction of new duties from the Pensions Schemes Bill and the ‘here and now’ need to govern schemes well and provide high quality services.