Inflation forces one in three Brits to trade down to cheaper products September 26, 2022 Brits are trading down to cheaper products in response to rampant inflation squeezing their finances, a survey published today shows. A third of consumers are buying more own brand products, while one in four are turning to cheaper retailers in a bid to cap their weekly shop, according to consultancy KPMG. The research illustrates the [...]
Tax cuts won’t bring us growth unless coupled with a dedication to competition September 26, 2022 Our financial and professional services sector drives growth, supports investment and facilitates trade. But this contribution must never be taken for granted.
Youngsters ditch pints for savings as cost of living woes stunt spending September 26, 2022 Flocks of youngsters are ditching pints and nights outs en masse as the cost of living crunch sinks in. According to PwC’s consumer risk survey, 18-34 year olds are making major cuts to consumer spending, with 69 per cent either reducing or stopping eating out, 57 per cent ditching subscriptions to their streaming/TV services, and [...]
Allbright co-founders hand over the reins at all-female members club September 26, 2022 After five years leading all-female private members club Allbright, co-founders Debbie Wosskow and Anna Jones have decided to hand over the reins. City entrepreneur Wosskow and Jones, the former UK boss of Hearst Magazines, will move to non-executive director roles on the club’s board. Allbright, which has a networking club in London’s Mayfair, said that [...]
Letters: Thank god it’s not Friday September 26, 2022 [Re: Are Fridays In The Office Over? September 22] This highlights just how far the work landscape has evolved. In a recent trial, 86 per cent of companies backed the four-day week model. While a four-day week may be attractive to those seeking a better work-life balance, it is not the silver bullet. Professions whose [...]
Exclusive: HSBC survey shows nearly 80 per cent of firms now prioritising sustainability September 26, 2022 Nearly 80 per cent of UK firms are now prioritising sustainability in a bid to acquire new businesses, research from HSBC exclusively shared with City AM reveals. The bank’s annual capital expenditure (CAPEX) indicated that of 670 firms surveyed, almost two-fifths increasingly value environmental elements to their businesses. The shift has also led to 88 [...]
Labour will spend £8bn on UK sovereign wealth fund if it forms government September 25, 2022 Labour will tomorrow pledge to spend £8bn to start a UK sovereign wealth fund if it wins the next election in a bid to boost domestic manufacturing. The National Wealth Fund will invest in British green energy production, with the British state taking ownership of assets held under the fund, shadow chancellor Rachel Reeves will [...]
Italians to the polls: Far right eyes victory September 25, 2022 Over 50m of Italians were called to vote yesterday in an election that is set to upset the country’s allies in Nato and Brussels. Opinion polls saw the right-wing alliance led by Giorgia Meloni’s post-fascist Brothers of Italy party set to win. If she becomes prime minister, Meloni plans to link arms with far-right populist [...]
Burnham calls on Starmer to show more ‘fight’ against Truss’ tax cuts September 25, 2022 Greater Manchester mayor Andy Burnham has called on Sir Keir Starmer to show more “fight” against the government, after a day of fuelling speculation that he wants to be the next Labour leader. Burnham told an event at the Labour conference today that he supported Starmer, but that “we need to get a bit more [...]
George Osborne calls on government to fix ‘schizophrenic’ levels of borrowing September 25, 2022 Liz Truss must end the “schizophrenic” economic policy of slashing taxes and increasing government borrowing, according to former chancellor George Osborne. Osborne said he was pleased to see Truss acting like a “conviction politician”, but said the government must make spending cuts if it wants to also lower taxes. Chancellor Kwasi Kwarteng unveiled the largest [...]
