Are gone-off goods the answer to the cost of living crisis? May 30, 2023 An online grocery store which sells goods that would otherwise be sent to landfill is growing in popularity in the UK, as cash-strapped Brits search for new ways to save money amid the cost of living crisis. “I think there’s a lot of focus on price at the moment… and we can cater for something [...]
FTSE 350 firms could face double the cost to offset carbon by 2030 May 30, 2023 The cost of carbon offsetting could more than double for businesses by the end of the decade, according to new research. A report published by PwC found that FTSE 350 companies reported £38m in voluntary carbon offset purchases in 2022, but that this could increase by over 256 per cent to £135m within a decade. [...]
Grocery prices cool as government drafts supermarket price cap May 30, 2023 Food inflation cooled slightly in May as lower energy and commodity costs finally showed signs of filtering down to consumers. According to data by the British Retail Consortium, grocery inflation fell to 15.4 per cent in during the month, down from 15.7 per cent in April – but remained the second highest inflation rate in [...]
Fresh calls to end tourist tax as London risks ‘losing out’ to rival EU cities May 30, 2023 The policy chair of the City of London Corporation has made fresh calls for an end to tourist tax on foreign shoppers, warning that the capital could lose out to rival European cities. Writing in City A.M, Chris Hayward, said that London’s recovery is “not being maximised,” noting that the Treasury’s decision to scrap the [...]
Biden and McCarthy hope to sell Congress on vital debt ceiling deal May 30, 2023 US President Joe Biden and senior Republican Kevin McCarthy will spend this week attempting to convince Capitol Hill legislators to pass a deal to raise the US debt ceiling, which was agreed by the two men over the weekend. One investor hailed the deal as “great news,” minimising the chance of the US government defaulting, but Congress [...]
Why have the Bank of England and the IMF been so wrong on the UK economy? May 30, 2023 Recession? What recession? The Bank of England and the IMF have been wrong on the state of the UK economy, but it's not all their fault
Google’s VC arm backs London climate start-up May 30, 2023 A London-based ‘carbon removals’ platform used to green the Jubilee and the Queen’s funeral has received £5.3m worth of new funding as it looks to scale up. Founded by serial fintech entrepreneur Marta Krupinska, climate scientist Dr Gabrielle Walker and Mark Stevenson, Cur8 is the market maker for carbon removals. The firm buys carbon removal [...]
Indian authorities push forward with “graft” probe into BAE Systems and Rolls-Royce May 30, 2023 INDIAN authorities yesterday took the next step in a long-running, historic case against BAE Systems and Rolls-Royce over alleged graft almost twenty years ago. The authorities allege a “criminal conspiracy” related to the purchase of training jets in 2005, with Indian prosecutors saying in a document seen by Reuters that the deal was done as [...]
Rail strikes add to pain for hospitality as trade body warns of crisis point May 30, 2023 RAIL STRIKES this week are set to add to the woes of the hospitality industry, already bruised by an almost doubling of energy bills. Industrial action by the RMT and ASLEF unions will see walkouts on three separate days of what would have been a busy week for bars and pubs. Staff will walk out [...]
Ministers must accelerate pension dashboard after ‘disappointing’ delays, AJ Bell chief warns May 30, 2023 Ministers must push ahead with the roll-out of the much-delayed pension dashboard or risk savers disengaging with their retirement cash, the chief of AJ Bell has warned.
