Experts say energy bills will stay high despite gas price slump October 18, 2022 Don't expect energy bills to revert to normal levels this winter, warn experts, despite the recent easing of gas prices.
Four venture trusts bag £45m in start-up vote of confidence October 18, 2022 Four venture capital trusts have bagged £45m from investors in just 24 hours in a vote of confidence for the vehicles after ministers reversed a decision to wind them down.
Fast food fears: Warning of Christmas shortages if 600 supply workers strike October 18, 2022 There could be major food shortages this Christmas at many of Brits’ favourite eat-outs due to strike action. Almost 600 workers for Bestfood, which delivers fresh produce to some of the country’s most-loved chains, are threatening industrial action. The workers are members of the GMB Union, and “bust a gut” to keep outlets such as [...]
Government should axe apprenticeship levy and forge skills body, says CBI exec October 18, 2022 The government should axe its levy on apprenticeships, the head of skills at the Confederation of British Industry (CBI) has said, as the UK wrestles with STEM skills shortages and shrinking talent pools. Speaking to the science and technology Lords committee in parliament yesterday, the CBI’s Robert West urged that an independent government taskforce to [...]
The Bank of England: From whatever it takes to whatever it breaks October 18, 2022 Markets have responded positively to the effective cancellation of Kwasi Kwartang’s ‘mini-budget’ from 23 September that new Chancellor Jeremy Hunt announced yesterday. However, it remains clear that the Bank of England is more focussed on the longer-term implications of inflation. The Old Lady confirmed it is no longer willing to offer unending support to markets. [...]
‘How dare they?’: Klarna chief hits back at critics of Deliveroo deal October 18, 2022 The UK chief of buy-now pay-later firm Klarna has mounted a defence of the firm’s tie-up with Deliveroo today after claims from debt campaigners that the deal will plunge struggling Brits into debt.
Khan: Crossrail’s Bond Street station can revitalise “tired” parts of Oxford Street October 18, 2022 London Mayor Sadiq Khan has said the opening of Bond Street’s Elizabeth Line station next week will help revitalise a “tired” part of Oxford Street – and keep big-ticket retailers in the West End. The station is the last of the Crossrail stations to open, having been delayed due to the complexity of the build. [...]
Khan: Tourist tax-free shopping u-turn bad for London’s businesses October 18, 2022 Sadiq Khan has slammed the government’s decision to u-turn on a plan to give tourists tax-free shopping. The Mayor of London said he “absolutely” shared the concerns of West End businesses, who have expressed disappointment that the capital will lag behind other cities’ in efforts to welcome high-spending foreign visitors. “VAT-free shopping for international tourists [...]
Exclusive: Government must offer more subsidies to meet green hydrogen goals October 18, 2022 Government instability and a less attractive investment climate make the UK less appealing for hydrogen projects, warns ATOME Energy.
Goldman Sachs profits trimmed by sluggish deal making October 18, 2022 A sharp slowdown in deal making activity caused by the weakening global economic environment has squeezed investment banking giant Goldman Sachs’s profits, the firm announced today. Net earning applicable to common shareholders at Goldman over the three months to September fell to $2.96bn (£2.62bn). That is nearly half the $5.28bn (£4.67bn) notched by the Wall [...]