Risk of last-minute cancellation ‘chaos’ as UK holidaymakers make multi-bookings

Many UK holidaymakers are booking stays at two or more hotels with a view to cancelling all but one at the 11th hour, prompting fears among accommodation businesses of last-minute cancellation “chaos”.

Avvio, a hotel technology provider, said its data showed that UK hotel cancellation rates were running at “scarily low” levels as consumers – some of whom would ideally like to travel abroad – hedged their bets and hoarded bookings.

Consumers are benefiting from the fact that many hotels and holiday firms have had to offer fully flexible cancellation to attract bookings for this summer and beyond, meaning they can be cancelled for free with perhaps just 24 hours’ or two to three days’ notice. Many travel experts have been urging people booking trips to opt for cancellable options if at all possible.

Foreign travel has now started up again after holidaymakers in England, Scotland and Wales were given … Read the rest

Jobs boost as recruiting back to pre-Covid levels

Job recruitment has returned to pre-pandemic levels with hiring intentions at an eight-year high as the economy recovers from the easing of restrictions.

All sectors are experiencing a recovery in jobs and an improvement in pay prospects, a quarterly report by the Chartered Institute of Personnel and Development has found.

There is employer optimism across the private, public and voluntary sectors. It extends to industries including retail and hospitality, parts of the economy that have been most exposed to the crisis.

Employment intentions are at their highest since February 2013 when Britain was emerging from the recession of the global financial crisis.

The encouraging outlook comes amid the latest easing of Covid rules today, with pubs, bars, cafés and restaurants allowed to serve customers indoors, and with the latest official jobs figures due tomorrow. They are expected to show that the unemployment rate fell to 4.8 per cent in the … Read the rest

Celebrity chef Rick Stein struggles to hire staff at restaurants due to shortage of EU workers and people refusing to return from furlough

Celebrity chefs Rick Stein and Michael Caines are among hospitality bosses struggling to hire enough staff as the country’s lockdown is eased.

A combination of housing shortages, absence of international staff and workers not returning from furlough have been blamed for the problems.

On Monday, indoor dining can resume – marking the most significant milestone to date for businesses in England.

But restaurants, hotels and pub owners are now facing skyrocketing demand coupled with fewer workers.

Jobs lost in hospitality account for 43 per cent of the national total during the coronavirus crisis, with many staff who lost employment moving into retail – and others heading back to their home countries in Europe.

As restaurants open back up for a roaring summer trade, bosses have started to feel the shortfall.

Rick Stein Restaurants would normally hire a quarter of their workforce from Europe and rely on international staff, especially during … Read the rest

Made in Britain: Handcrafted jewellery brand, ‘The Silver Stable’

Last year, Camilla Cottle took the plunge and launched her jewellery brand, The Silver Stable. She talks to us about what inspired her business and some of the challenges she has faced so far.

What is your business all about?

I’m Camilla Cottle and I am the founder of sustainable handcrafted jewellery brand, The Silver Stable in Lancashire. I started making jewellery whilst on maternity leave and my love for silversmithing grew from there. I knew it was what I wanted to do full time. I always dreamt of having my own business and having a career in the food sector at a managerial level, I thought it would be something to do with that. However, once I started silversmithing I knew it was going to be my future.

I have been around horses all my life and after falling in love with silversmithing I knew I wanted to combine … Read the rest

Currys hangs up on Carphone Warehouse with retailer rebrand

The Carphone Warehouse brand is set to vanish from the high street after Dixons Carphone changes the name of all its shops to Currys.

The electricals group plans to rebrand its retailers, including Currys PC World, Team Knowhow and Dixons Carphone, in the UK and Ireland under the single name.

A new Currys website will be launched as the name appears on more than 300 shops, 13,000 staff uniforms and 300 delivery vehicles, the FTSE 250 group said.

Carphone Warehouse was co-founded in 1989 by Sir Charles Dunstone and Julian Brownlie, who put £6,000 into the company from their savings. In 1990 Dunstone brought in his school friend David Ross, a chartered accountant, who became chief operating officer.

The company name subsequently engendered jokes in the City that the group did not comprise warehouses and did not sell car phones.

Dixons Carphone, which was formed through a merger between Dixons … Read the rest

How to Open a Successful Coffee Shop

Owning a coffee shop is a dream of many. The only problem is that opening a cafe is one thing. The other is making it successful. And that part can be challenging, especially if you consider how fierce the competition is.

Nowadays, you can’t simply open a new place and expect people to come in. Even if you serve the best coffee in town, it may not be enough to achieve your goals. It may sound discouraging, but it doesn’t mean that opening a cafe is a bad idea. On the contrary, it is an excellent opportunity. You just need to know how to promote it.

And that’s what we’ll focus on in the following guide. Below, you’ll find some useful tips and coffee shop promotion ideas that will help you turn your cafe into a successful business.

Analyze The Competition

First things first, you need to know how the … Read the rest

Speedy recovery expected after economy defies lockdown gloom

The economy coped better than expected in the latest lockdown as businesses successfully adapted to social distancing rules, official figures show.

Although output contracted 1.5 per cent in the first three months of the year, this was stronger than the 1.7 per cent fall forecast by economists. It was also a considerable improvement on the spring lockdown, when the economy contracted by almost a fifth.

The Office for National Statistics said that the economy was 8.7 per cent smaller than its pre-pandemic size. However, it is expected to grow rapidly over the coming months, as lockdown restrictions are eased over the summer. The Bank of England is forecasting annual growth of 7.25 per cent, the fastest rate since 1941. It expects the economy to have recovered its pandemic losses by end of year.

Rishi Sunak said that the latest figures were “a promising sign of things to come”.

“The UK … Read the rest

Everything You Need to Know About Small Business Loans

Small businesses have exploded in recent times. The pandemic has forced many to reevaluate their career choices and has given many the time and push they need to start their own business. If this is you, and you are looking to acquire a loan for your small business but find yourself confused and frustrated by the process, this guide is for you. Here is everything you need to know about small business loans.

How To Qualify

There are a few standards you will need to meet to qualify for a loan, and we give you here a detailed insight on how you can achieve them.

Personal Credit Score

Your personal credit score is usually the first thing potential lenders will look at. Your personal credit score is more important if your business is new and this is your first business loan application. With a new business, lenders cannot tell how … Read the rest

Pet and online shopping scams surge during pandemic

Online shopping scams surged during the pandemic with police data suggesting people in their 20s were most likely to fall victim.

Fraudsters posted bogus adverts for pets, cars and caravans to dupe people into handing over money.

Romance scams have also risen during the Covid crisis, affecting men and women of all ages.

In total, 389,328 fraud cases were reported by victims in England, Wales and Northern Ireland in the 12 months to April, according to figures from reporting service Action Fraud, with total losses from all scams reaching £1.7bn.

Fraud from online shopping was the most common type. The number of cases rose by 44% to 95,531 over the year – a time when many people turned to internet shopping with stores closed during lockdown.

Scammers used social media and other channels to advertise items or pets, often with attractive pictures and prices, that never arrived after a deposit … Read the rest

What Is the Worst Credit Score?

Low credit scores have far-reaching implications. First, borrowing becomes difficult or impossible, as lenders regard you as a risky client. Secondly, you may fail to get the perfect job or apartment, as lenders and employers check credit histories as well. So, what is the worst possible status, and how can it be improved?

Different Assessment Systems

The two most popular scoring methods in the United States are FICO and VantageScore. In both, 300 is the lowest possible total. FICO regards anything under 580 as very poor. In the second system, this category includes totals between 300 and 499.

The best credit repair companies in 2021 can raise the total if it is unfair. Sadly, this happens fairly often. According to the latest statistics, one in five US citizens has at least one flawed report.

Key Components

All scoring scales are based on items in your credit report. They also use … Read the rest