Takeaways threatened: Customers may pay extra £2bn after tax hike September 24, 2021 Consumers could end up paying an extra £2bn for takeaways, ahead of rises in VAT, the British Takeaway Campaign has warned. VAT for hospitality is to rise to 12.5 per cent next month, ahead of another hike up to 20 per cent in March next year, to the frustration of beleaguered food bosses. Takeaway operators [...]
Lorry driver squeeze and CO2 shortage leaves Brits unable to buy food September 24, 2021 Severe lorry driver and CO2 shortages are stopping Brits from buying food, according to official statistics released today. Around one in six people are unable to buy essential food items due to them not being available, according to the Office for National Statistics (ONS). A paucity of lorry drivers has led to lengthy delays in [...]
Brexit-proof: City remains top dog in Europe for financial services September 24, 2021 Innovation, an open business environment and a breadth of highly skilled talent has put the the City of London ahead of Europe’s financial services industry. London ranks as the second best financial hub in the world, while its closest rival in the continent is Paris, which only finished tenth, according to the 30th edition of [...]
Mercedes-Benz plans £6bn European electric battery venture September 24, 2021 Mercedes-Benz is teaming up with Stellantis and TotalEnergies to boost the production of electric batteries in Europe through a €7bn (£6bn) project. Mercedes plans to take a 33 per cent stake in battery manufacturer Automative Cells Company and plans to provide both technology and production know how. It comes after Mercedes-Benz this year announced plans [...]
Hybrid future is ‘part-time work for full-time wages’, says City grandee September 24, 2021 Veteran city broker Andrew Monk has spoken out against government plans to legislate the right to request flexible working from day one, arguing that it should be up to business leaders and that many CEOs in the city believe it doesn’t work for financial firms. “Frankly, I know how to run my business better than [...]
Renters return: London rental market makes up 4.3 per cent of city GDP September 24, 2021 Around £21.4bn is generated in rental income in London alone, which equates to some 4.3 per cent of the city’s GDP according to new research. The research, from Sequre Property Investment, found that – unsurprisingly – the capital topped the list as the region with the highest rents and the most privately rented homes. Across [...]
London sees the return of the pied-à-terre September 24, 2021 Demand for second homes came to a grinding halt in the spring of 2020 when Covid changed the world as we knew it. As stock markets began to fall and Boris announced that we could no longer leave the house for anything more than the essentials and a quick walk around the block, most pied-à-terre [...]
Boss of collapsed Avro Energy used firm to pump cash into family accounts September 24, 2021 The boss of Avro Energy reportedly used the recently collapsed energy firm to pump more than £3m into his family’s other businesses and accounts. The firm’s collapse has led to around 580,000 families fearing higher bills this winter and is the biggest failure of a household supplier so far amid the UK’s gas crisis. Jake [...]
Karren Brady: Female founders must develop a mindset not to be dismissed September 24, 2021 In Karren Brady’s view, the pandemic has been a double-edged sword for women. “I think the negatives are there for everyone to see, in the way that women have been disproportionately affected by job losses, lower wages, and the pressure of childcare while working from home,” the businesswoman and Conservative peer tells City AM. “But [...]
ONS: Seven in 10 workers are back in the office as September surge acclerates September 24, 2021 Seven in 10 workers in the UK are back in the office as the September surge back to pre-pandemic working practices accelerates, according to official figures. 70.1 per cent of workers are back at their normal place of work, research from the Office for National Statistics (ONS) shows. The figures come as usage of Transport [...]
