Energy chiefs urge government to step in to cool cost of living crisis January 3, 2022 Energy chiefs have called on the government to step in and ease the cost of living crisis looming over British households. The chief executive of Octopus Energy told Times Radio that unless the government intervened in the market, soaring gas prices will hit consumers hard. Greg Jackson said: “Unless action is taken, we will start [...]
SME crisis: Late payment of invoices and spiralling costs threaten survival of more than 400,000 small businesses January 3, 2022 Paying invoices too late is threating the survival of hundreds of thousands of small firms, a businesses group warned this morning. The Federation of Small Businesses (FSB) fears that late payments, high inflation and mounting administration for firms that trade internationally could see numbers shrink if something is not done about these issues. Of the [...]
MPs and peers urge Boris Johnson to scrap taxes on energy bills to reduce cost of living crisis January 2, 2022 Twenty Tory MPs and peers have called for the Prime Minister to scrap VAT and environmental levies on energy bills to ease the cost of living crisis.
Tesla beats expectations with record-quarter vehicle delivery despite global semiconductor shortage January 2, 2022 Tesla delivered 308,600 cars worldwide in its fourth-quarter, a company record, despite continuing supply chain issues and economic turbulence.
Oil prices dip two per cent as Omicron variant renews concerns of supply glut January 2, 2022 Oil prices have fallen amid rising fears of reduced demand and a supply glut next year following record Covid-19 cases reported in major economies.
Brexit passporting: Little appetite among EU finance firms to stay in London as FCA applications disappoint January 1, 2022 It appears that many European financial services firms are not interested in continuing to be authorised in the City, as only half of EU firms that were given a temporary license to operate in the UK – immediately after Brexit – have applied for full authorisation, a Freedom of Information request has revealed. The City [...]
Happy New Year: World says hello to 2022 as millions celebrate across the UK January 1, 2022 Millions of Brits welcomed the new year with confetti, drinks, fireworks and cheers across the UK. As the new year marched across the globe, time zone by time zone, tens of millions of people across the UK waited for 2022 to arrive in Britain, and it sure did when skies across the country were lit [...]
Jubilant South Africa lifts curfew as Omicron wave subsides rapidly with minimal Covid hospital admissions and Delta killed off: ‘Expect the same in other countries’ December 31, 2021 Optimism is growing rapidly in South Africa as the wave of Covid infections caused by the Omicron variant seems to subside as quickly as it came. Infections are down and multiple Covid experts have confirmed the Omicron wave is subsiding quickly. The government therefore lifted the months-long curfew last night, allowing South Africans to party [...]
Brits flocking to online retailers hoists UK spending above pre-pandemic levels December 31, 2021 Widespread take up of online shopping amid Covid-19 lockdowns has lifted consumer spending above pre-pandemic levels, reveal fresh figures released today. Brits spent 5.9 per cent more in 2021 compared to 2019, according to research from Barclaycard, which cover £1 in every £3 spent on debit and credit cards in the UK. The upbeat spending [...]
FTSE 100 edges lower as investors dump housebuilders December 30, 2021 London’s premier index edged lower today driven down by investors selling off real estate stocks despite fresh data released today showing UK house prices are rising at the fastest pace since before the financial crisis. The capital’s premier FTSE 100 index closed 0.24 per cent lower at 7,403.01 per cent, while the mid-cap FTSE 250 [...]