Mark Kleinman: Healey unlikely to resist clamour for bank windfall tax Business Mark Kleinman is Sky News’ City editor and the man who gets the Square Mile talking in his City AM column. The sense of déjà vu among Britain’s bank chiefs is palpable. Eight weeks ahead of new Chancellor John Healey’s inaugural fiscal statement and the industry is engaged in another frantic round of lobbying against tax rises. This [...]
The AA: Rising insurance premiums help revenue surge but profits slashed Transport Rising insurance premiums helped revenue at The AA surge to almost £1.3bn but a slowdown in its breakdown service saw profits slashed by more than 40 per cent.
Port of Dover wait times at 90 minutes as travellers seek Christmas getaway Christmas travel The Port of Dover said there were wait times of 90 minutes at border control on Saturday morning amid a surge in demand for ferries.
Sharp cut in fuel prices after retailers given ‘good prod’ by regulator CMA November 25, 2023 “It’s amazing what happens when the competition watchdog gives the fuel trade a good prod", a spokesperson for the AA said.
AA: Shareholders weigh up major sale of stake in roadside breakdown giant April 17, 2023 The AA’s shareholders are considering the sale of a significant stake in the £2.5bn breakdown specialists, as first reported by Sky News’ Mark Kleinmann. Towerbrook Capital Partners and Warburg Pincus have hired Goldman Sachs to advise on the deal, which could result in three shareholders taking an equal slice of the company. Analysts told Sky [...]
EV charging prices down but varying peak-rates threaten to drive up cost, AA warns February 15, 2023 The cost of charging electric vehicles (EV) fell in January but drivers should be aware that providers are now offering different rates depending on the time of day, a report by the AA warned. The insurance company found that slow charging costs dropped eight per cent last month to match home charging, but the average [...]
Soaring energy bills putting off 70 per cent of drivers from getting an EV November 1, 2022 Energy bill hikes are putting potential drivers of electrical vehicles off, as the AA’s president warns it will hamper progress to cleaner driving. More than 70 per cent of drivers considering switching to a zero-emissions vehicle have been deterred by switching to an EV due to soaring costs of electricity. An AA poll of more [...]
Inflation warning from AA as diesel goes above 190p-a-litre, petrol back over 165p October 28, 2022 Diesel is back above 190p a litre for the first time since August, with the AA issuing an inflation warning. Fuel costs have increased in the last 24 hours, with Diesel going up to 190.12p a litre, having fallen to 180.1p in late September. The AA’s regular fuel report said the 10p-a-litre rise adds £8 [...]
Platinum Jubilee fuel price surge could become a ‘national crisis’ and needs ‘radical’ intervention – RAC June 6, 2022 A “national crisis” is emerging as a result of surging fuel prices over the platinum Jubilee bank holiday, motoring giant the RAC has said. The driving champions warned unless there was “radical” intervention from the government, people would suffer at the pump even further. This comes after the price of petrol went up by £3.16 [...]
AA goes against vaccine sceptics, slashing sick pay for unvaccinated staff January 19, 2022 The AA is slashing extra sick pay for unvaccinated staff that needs to self-isolate following a Covid contact. In an email sent to its 7,000 workers, the AA said that unvaccinated workers who don’t have a medical exemption, will not get sick pay if they have to quarantine, the Telegraph first reported. “All staff who [...]