Brexit adds £200 to Brits’ food bill, LSE study finds December 1, 2022 Brexit piled on an average of £210 extra to household food bills in two years, a fresh research paper has found. UK consumers paid a £5.8bn price tag in additional grocery costs, over the two years to the end of 2021, a study from the London School of Economics has found. As low-income households fork [...]
AJ Bell assets slide as volatility hits investors December 1, 2022 Trading firm AJ Bell said the value of assets on its platform had dipped two per cent in the past year as extreme volatility on the markets dealt a blow to retail investors' holdings.
Hotel Chocolat in the red amid ‘challenging’ current trading landscape December 1, 2022 Chocolate maker Hotel Chocolat has posted a £9.4m loss but said “people are still treating themselves with affordable luxury” despite a cost of living crisis. Its full-year results came in contrast to the previous year’s, where the London-listed firm posted a £3.7m profit after tax. “It goes without saying that the current environment is challenging [...]
Bankman-Fried claims he ‘didn’t ever try to commit fraud’ December 1, 2022 Sam Bankman-Fried tried to reject allegations he had committed fraud in the collapse of his crypto exchange FTX yesterday as he mounted his first public defence since the implosion of the exchange earlier this month.
Chief of beleaguered energy storage firm ITM Power resigns after 13 years December 1, 2022 The chief executive of ITM Power Graham Cooley has quit with immediate effect after 13 years at the helm. He will be succeeded by Dennis Shulz as the firm deferred its trading update to the end of January instead of in early December. This comes after ITM Power suffered ballooning gross losses of £23.5m earlier [...]
UK house prices fall by £4.5k since October amid ‘sharply’ slowing growth December 1, 2022 House price growth in the UK slowed “sharply” last month, representing the biggest monthly drop in value since June 2020, according to the latest data. The average cost of a home has fallen by 1.4 per cent since October – the equivalent of around £4,500, to £263,788, Nationwide’s house price index has revealed. Across the [...]
Our anxiety of talking about money is hampering our philanthropic efforts December 1, 2022 You don’t make the poor richer by making the rich poorer is a sixth form thought-starter to stimulate debate about the benefits, or otherwise, of inequality. Unarguably though, some of London’s rich are enthusiastically making themselves poorer by giving their wealth to good causes. It’s obvious that the UK has issues that aren’t being solved [...]
Britain needs more safe and energy efficient homes, but targets miss the point December 1, 2022 Last week, we saw Conservative party backbenchers oppose Michael Gove’s target to deliver 300,000 homes a year in England. The scale of the rebellion meant the vote on planning reforms, enshrined in the levelling up bill, was pulled. The government’s levelling up strategy has the potential to make a positive difference, but its focus on [...]
Let’s be honest, MPs should be allowed to expense Christmas parties for staff December 1, 2022 It has been a gruelling year for politicians. From partygate to the cost of living crisis, toxicity about Members of Parliament is on its way up. A YouGov poll earlier this month found that over two-thirds of Brits believe that politicians are “merely out for themselves”. This is an increase of 9 percentage points in [...]
Exclusive: Poundland owner opens 3,000th Pepco store amid discount frenzy December 1, 2022 Discount giant Pepco has opened its 3,00th store, with a new Berlin site, as momentum swells for affordable goods while households tighten their belts. The owner of the Pepco, Dealz and Poundland brands told CityA.M. its 3,000th Pepco store opened its doors today, with plans to roll out hundreds more stores in the near future. [...]
