Planning constraints will prevent UK from net zero, reckon experts June 28, 2023 Planning obstacles jeopardise the country's drive to net zero, warned the Climate Change Committee in its latest annual report.
Boots to shut 300 UK stores despite stronger sales June 28, 2023 Boots has said it will shut 300 of its stores across Britain over the next year. The historic retailer revealed the raft of closures despite posting stronger sales over the latest quarter. The move, which it said will impact stores in close proximity to other sites, will reduce its store estate from 2,200 to 1,900 [...]
Thames Water crisis: CEO quits and Whitehall draws up collapse plans June 28, 2023 Thames Water, whose CEO quit yesterday, is reported to be tapping shareholders for a cash injection, prompting Whitehall to plan for a potential collapse
Mortgage mayhem: Homeowners forced to sell up at discount prices as rates soar June 28, 2023 Red hot mortgage rates are leading to sellers accepting lower prices for their properties, fresh data shows, creating further pain for the housing sector. As the market continues to grapple with the Bank of England’s recent 0.5 per cent interest rate hike, figures by estate agent Zoopla show that 42 per cent of sellers are [...]
Budget Britain: Inflation forces families to trade down and opt for staycations June 28, 2023 Britons are trading down to cheaper products and are opting to holiday at home in response to rampant inflation and higher interest rates squeezing their budgets, new research out today shows. Some 40 per cent of families have been buying more value or own brand products in 2023, according to analysis from consultancy KPMG. The [...]
Rishi Sunak should cut national insurance and make investment relief permanent, report argues June 28, 2023 Prime Minister Rishi Sunak and Chancellor Jeremy Hunt should cut companies’ national insurance contributions and make the temporary business investment tax relief permanent, an influential think tank has argued in a radical blueprint to overhaul the UK’s tax regime. Employers’ should be subjected to a 12.8 per cent national insurance levy, one percentage point lower [...]
Bank of England commits to reducing greenhouse gas emissions 90 per cent by 2040 June 28, 2023 The Bank of England has committed to reducing its greenhouse gas emissions 90 per cent by 2040 as part of its net zero push. In a speech ahead of the publication of the Bank’s climate transition plan, Bank of England COO Ben Stimson said “our central target is to reduce greenhouse gas emissions from our [...]
Loan sharks on the rise with 3m people turning to illegal lenders amid ‘credit vacuum’ June 28, 2023 Over 3m people have turned to illegal lenders in the past three years, demonstrating the size of the “credit vacuum” in the UK’s lending market. According to research conducted by IPSOS for pressure group Fair4All Finance, more and more struggling households are turning to illegal lenders sharks in the absence of regulated firms operating in [...]
Is Brexit the real reason for London’s stock market malaise? June 28, 2023 Whether Brexit is to blame for London's market malaise is a topic of debate in the Square Mile.
Teasing supermarket execs won’t stop inflation, it’s suppliers we need to grill June 28, 2023 Supermarket bosses are an easy shot, but its suppliers making profits which would dwarf those of Tesco or Sainsbury's.
