UK economy arrests decline but recession still coming November 23, 2022 The UK economy has arrested a decline, but it still looks likely to tip into a long recession, a closely watched survey out today has unveiled. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) flash purchasing managers’ index (PMI) for November inched up to 48.3 points from 48.2 in October. It is [...]
Starmer: I can’t do some ‘good Labour things’ for the sake of ‘sound money’ November 22, 2022 Sir Keir Starmer has said his party won’t be able to do some “good Labour things” as quickly as he would like if it wins government as he will need to promote “sound money in our public finances”. Starmer told the Confederation of British Industry’s (CBI) annual conference that Labour under his leadership had become [...]
Cost of living crisis shocks AO World as electrical retailer’s losses swell November 22, 2022 Electricals retailer AO World has been shaken by the cost of living crisis sweeping the UK in recent months, as its revenue plunges and losses take hold. The London-listed company had already rolled out a streamlining operation, including shutting up shop in Germany, in a bid to slash overheads and shield revenue from rising inflation [...]
Severn Trent’s turnover booms as it offers 90 per cent discounts on soaring bills November 22, 2022 Water firm Severn Trent had a spike in earnings and profits for the first half of the year, as it offers 90 per cent discounts to customers struggling with their bills. The London-listed utilities firm confirmed a 10.8 per cent increase in turnover from 2021 by up £103.6 million. The company also announced a near [...]
RAC calls on supermarkets to cut petrol prices to ease cost of living crisis November 22, 2022 RAC has urged supermarkets to cut their petrol and diesel prices to ease the pressure on struggling Brits ahead of Christmas.
These Are The Companies Offering Perks To Offset Cost Of Living Crisis November 21, 2022 It is no secret that it has been a tough year for workers. The cost of living looks set to get worse as rising prices for groceries and basic services, along with the huge cost of energy are biting deeply into disposable income. The Office of National Statistics (ONS) assessed web-scraped supermarket data for 30 [...]
Virgin Money shares soar after handing staff 10 per cent pay rise November 21, 2022 Virgin Money shares have jumped today after the company handed out 10 per cent pay rises to most of its 7,500 staff. The pay bump comes on top of a £1,000 one-off payment in August to help combat the cost of living crisis. Staff will receive around nine and 11 per cent extra across two [...]
The year the music died? What energy bills and recession will mean for gigs November 21, 2022 Gigs have always been a great way to escape from the toils of everyday life – a few friends, usually a few drinks and great bands. But, what does a live music scene look like once you factor in spiralling inflation and rocketing energy bills for venues and consumers who can no longer afford to [...]
Exclusive: Powerleague chief on price rises and making the ‘tinder of grassroots football’ November 18, 2022 On the eve of the World Cup, grassroots football is the focus for Powerleague boss Christian Rose, who has dragged it out of red and through pandemic with a metaphorical Cruyff Turn. The CEO has been in post for four years after being brought in during 2018 when the company was “not in great shape.” [...]
Brits have ‘just got a lot poorer’, warns IFS after Jeremy Hunt’s £55bn tax raid November 18, 2022 Brits have "just got a lot poorer" warned the IFS, following Jeremy Hunt's tax-grabbing autumn statement yesterday.