Ofgem: Regulator will review firms putting people on pre-payment metres, threatening legal action for lack of care January 23, 2023 Ofgem is to review the checks and balances energy firms have around placing customers on pre-payment meters.
Banks called on to extend pandemic era support to vulnerable customers as cost of living pressures mount January 22, 2023 British banks are being called on to extend support offered to customers during the pandemic as the cost of living crisis increasingly affects vulnerable customers. A new report from Fair4All Finance – a government-backed financial inclusion body – found that “unprecedented” support from banks significantly helped customers during Covid-19 with “no detrimental impact on bottom [...]
No gravy train: Bisto-maker Premier to cut 300 jobs despite strong festive sales January 19, 2023 Leading British manufacturer Premier Foods’ grocery business has gone from strength-to-strength over the Christmas period, as it looks to close a loss-making factory costing 300 jobs. The company, the maker or famous brands including Mr Kipling, Ambrosia, Custard and Angel Delight, cashed in on festive purchasing despite the cost of living crisis, with sales up [...]
Smartphones are the new laptops with 60 per cent of UK firms now mobile only – BT January 16, 2023 Almost 60 per cent of business owners now rely solely on using mobile phones to run their operations, telecoms giant BT has revealed. The investigation by BT business showed more than half of entrepreneurs have embraced flexible working, and use mobiles rather than laptops or desktops. According to BT 59 per cent of British business [...]
Magners cider owner says cost of living and strikes help sink its profits as Brits stayed away from pubs January 13, 2023 The company behind Magners cider and Tennent’s lager disappointed investors on Friday as it said that strikes and cost of living pressures had eaten into its performance in recent weeks. C&C Group said that it expects operating profit to reach between €84m and €88m (£75 million to £78m) in the financial year. The company had [...]
The Gym Group: Brits ditch the pennies and the £s as more fitness fanatics seek cheaper gym membership January 12, 2023 The Gym Group today said it has continued to win over customers in the face of the UK’s cost-of-living crisis as Brits flocked to the low-cost gym in seeking out better “value for money”. The low-cost gym owner said it had increased its membership numbers by 14.3 per cent over the past year, to 821,000, [...]
UK’s cost of living crisis will swipe over £2k from Brits pockets with some groups expected to feel squeeze of recession even more January 9, 2023 The UK is just halfway through a cost of living crisis that will swipe £2,100 year from incomes with living standards remaining at pre Covid levels until at least 2028, a report out today has revealed. The cost of living crisis which, when combined with a tough recession, will leave households worse off than they [...]
Sunshine Saturday: Holiday bookings soar as Brits rush to get best deal amid cost-of-living squeeze January 6, 2023 Holiday bookings are set to skyrocket this Saturday as thousands of Brits rush to get the best deal amid the cost-of-living crisis. Figures published today by tour operator trade body ABTA show 61 per cent of people are planning to have a holiday abroad this year. Of those, 31 per cent say they want to [...]
Boom in law firm partner hires set to subside in 2023 as recession hits January 5, 2023 The boom in law firm partner hires seen over the previous year is set to subside in 2023 as the UK economy slides into recession, according to a new report. The global economic downturn is set to hit law firm’s revenues, in a shift that is in turn set to cool the partner hiring market, [...]
Cost of living crisis: UK lawyers braced for talent war and surge in fraud cases January 5, 2023 Lawyers working in top British companies are anticipating a hike in fraud, disputes, and debt recovery cases over 2023 as the UK’s economy takes a turn for the worse, a new survey shows. In-house lawyers expect they will be forced to deal with the fallout of the UK’s cost-of-living crisis as the economic downturn sets [...]