Exclusive: Multi-utility firms are the future for small businesses, says Everflow boss Josh Gill July 6, 2022 One-stop shops are the best way forward for small businesses (SMEs) looking to have their utility needs met, argued Everflow boss Josh Gill.
Consumer confidence plunges to Covid lockdown lows as households’ financial worries spiral July 6, 2022 Consumer confidence in the economy has plunged to its lowest point since the start of the pandemic as Sainsbury’s top boss warned the worst was yet to come. According to Which? research published today, only eight per cent of consumers felt the UK economy would improve over the next 12 months. However, nearly eight in [...]
City office provider buys back full portfolio amid record interest July 6, 2022 London office provider Office Space in Town (OSiT) has claimed full ownership of its portfolio, City A.M. can reveal today, as it looks to grow its portfolio into a £1bn powerhouse before the end of the decade. The company, which has a market capitalisation of some £220m, has snapped up the remaining 80 per cent [...]
UK’s cost of living crisis has created ‘perfect conditions for fraud to flourish,’ new report says July 6, 2022 The UK’s cost of living crisis is creating the “ideal environment for fraudulent activity,” a new report from the Chartered Institute of Internal Auditors (CIIA) has warned. Covid-19, the war in Ukraine, and the UK’s cost-of-living crunch are creating the “perfect conditions for fraud to flourish,” the report says, as it calls on businesses to [...]
New research warns fresh Digital Markets Unit risks stifling UK innovation July 6, 2022 A new report has warned that proposals to introduce a new Digital Markets Unit (DMU), housed at the Competition and Markets Authority (CMA), will have dire consequences for innovation, investment and dynamism in the digital sector.
Homeowners look to flog properties as UK house price growth slows July 6, 2022 Requests for property valuations have hit their highest since January, according to the latest research, as homeowners look to make the most out of the market while house prices are still hot. House price growth has been slowing since the beginning of the year, according to the country’s most watched indexes. While still breaking new [...]
Government is failing to incentivise chip manufacturers to remain on UK soil, say tech leaders July 6, 2022 The government is failing to properly entice semiconductor companies to remain on UK soil, tech leaders told ministers yesterday. Simon Thomas, CEO of Paragraf, a manufacturer of advanced semiconductors made of graphene, accused the Department of International Trade (DIT) of sending “mixed signals” and warned that the UK risks being side-lined as bullish efforts by [...]
Nadhim Zahawi hastily confirmed as new Chancellor as Boris Johnson’s cabinet crumbles in front of nation’s eyes July 6, 2022 Nadhim Zahawi is the new Chancellor, Downing Street has confirmed. He will move from the post of education secretary, to be replaced by Universities Minister Michelle Donelan. Boris Johnson has responded to Rishi Sunak’s departure as chancellor, saying he was “sorry” to have received Mr Sunak’s resignation letter and praising his “outstanding service”. In a [...]
Petrol June surge smashes previous records July 6, 2022 The average cost of a litre of petrol has jumped 16.6p in June, smashing previous records, according to data released today. Figures from the RAC Fuel Watch revealed that petrol costs surged from 174.8p to 191.4p, meaning that the cost of filling up a family car has increased by £9 in 30 days to £105.29. [...]
MPs cast doubt on claimed benefits of UK-Australia trade deal July 6, 2022 A Westminster committee has poured doubt on the potential benefits of the UK-Australia trade deal, with MPs claiming that it could cause long-term damage to Britain’s agricultural sector. The International Trade Committee today released its report into the trade deal, the first to be negotiated from scratch post-Brexit, which criticised the government for “overselling” the [...]