Are gone-off goods the answer to the cost of living crisis? May 30, 2023 An online grocery store which sells goods that would otherwise be sent to landfill is growing in popularity in the UK, as cash-strapped Brits search for new ways to save money amid the cost of living crisis. “I think there’s a lot of focus on price at the moment… and we can cater for something [...]
Grocery prices cool as government drafts supermarket price cap May 30, 2023 Food inflation cooled slightly in May as lower energy and commodity costs finally showed signs of filtering down to consumers. According to data by the British Retail Consortium, grocery inflation fell to 15.4 per cent in during the month, down from 15.7 per cent in April – but remained the second highest inflation rate in [...]
Fresh calls to end tourist tax as London risks ‘losing out’ to rival EU cities May 30, 2023 The policy chair of the City of London Corporation has made fresh calls for an end to tourist tax on foreign shoppers, warning that the capital could lose out to rival European cities. Writing in City A.M, Chris Hayward, said that London’s recovery is “not being maximised,” noting that the Treasury’s decision to scrap the [...]
House prices continue to fall as buy-to-let landlords sell up May 30, 2023 House prices are continuing to fall, according to a closely watched index, but transactions are ahead of the long-term average due to landlords selling up. According to estate agent Zoopla, landlord properties accounted for 11 per cent of sales in the last month, as high mortgage rates and energy bills forced many property owners to [...]
New transatlantic airline Global buys first plane May 29, 2023 A new UK-US airline, Global, which is intending to launch flights across the Atlantic by spring 2024, has officially announced the acquisition of its first plane. The company said this morning that it had acquired an Airbus A380, the world’s largest passenger plane, according to the PA news agency. It confirms last week’s revelation’s in [...]
Retailers hit with fresh blow as nearly 50 per cent of Brits think the high street is ‘no longer relevant’ May 29, 2023 Nearly half of Brits believe that high streets are no longer relevant, with new data showing that the public is craving a change to their local high street in order to continue visiting it. The data, published by IT company Accenture, comes as retail experts have forecasted that up to 18,000 stores could vanish off [...]
Labour ‘may as well hand out dole notices’ after North Sea oil ban plans May 29, 2023 LABOUR were accused of undermining the UK’s energy security after it emerged the party was considering banning new North Sea oil and gas licences, should it win the next election. Reports in the Sunday Times suggested that Keir Starmer and his shadow chancellor, Rachel Reeves, were minded to block any new development in what remains [...]
Spain: Local elections rout sees PM call snap election for July May 29, 2023 A LOCAL elections rout over the weekend has forced the socialist Spanish Prime Minister Pedro Sanchez to declare a snap election. A host of regional governments fell from Sanchez’s party’s control into the hand of the main conservative opposition, the People’s Party, with the PM saying he must “take personal responsibility for the results.” The [...]
New Look in talks with lenders to refinance £100m debt May 26, 2023 New Look is reportedly in talks with its lenders to refinance £100m of debt amid a challenging time for the British fashion chain. New Look is understood to be working with advisers at Deloitte on exploring options for a term loan which ends its June 2024, according to reports in Sky News. Sources told the [...]
Metrikus and PlanetWatch partner to provide clients with unparalleled environmental data and insights May 26, 2023 | Sponsored Metrikus has closed a strategic partnership with PlanetWatch to enhance its building efficiency software with valuable environmental data and insights. Metrikus is the market leader in providing data-based solutions, with the ultimate goal of making buildings more efficient, productive and sustainable. By partnering with PlanetWatch, Metrikus will be able to provide clients with real-time outdoor [...]