EU brings in windfall tax but bloc divided over gas price caps October 1, 2022 The EU has confirmed it will impose a windfall tax on energy firms' profits, as the bloc grapples with a cost of living crisis crunch this winter.
Truss urged to clarify ‘false’ claim “nobody is paying fuel bills of more than £2,500” September 29, 2022 Prime Minister Liz Truss has been urged to clarify a reportedly false claim that “nobody is paying fuel bills of more than £2,500”. Fact-checking charity Full Fact and consumer champion Martin Lewis both warned Truss’ claim was incorrect, and that there was a risk “vulnerable elderly people” think they can keep heating on without paying [...]
Amazon ups Stateside pay for frontline workers as union pressure mounts in UK September 29, 2022 Amazon has agreed to boost the average pay of frontline workers in the US, adding increasing pressure on the firm this side of the Atlantic to bolster pay. The e-commerce giant said it would boost salaries from $18 to $19 (£16.60 to £17.60) per hour, while transportation teams would earn between $16 and $26 an [...]
Broadband giants told to do more as eight million homes struggle to pay bills September 29, 2022 The media regulator has called on broadband firms to do more to help struggling households, as more than eight million homes struggle to pay their bills. According to a new Ofcom study, nearly a third (29 per cent) of customers are having problems paying for their phone, broadband, pay-TV and streaming bills, doubling since 2021 to the highest figure [...]
Next boss warns of two cost of living crises after slashing forecasts September 29, 2022 Next has slashed its sales forecasts for the second half of the year today despite a 16 per cent jump in pre-tax profit in the six months to July.
Tech startup helps businesses to combat £9bn waste in productivity due to poor mental health September 28, 2022 12 billion workdays lost annually to mental ill-health but young entrepreneur thinks he has the solution. Mental health issues in the workplace are costing the global economy over £9bn ($1tn) due to lost productivity say international agencies. The World Health Organization (WHO) and the International Labour Organization (ILO) are calling for “concrete actions” as depression [...]
Exclusive: Communities should be offered stakes in wind farms, says expert September 28, 2022 Local communities should be offered stakes in onshore wind farms, to get a direct benefit from green projects, argued Dr Rebecca Windemer.
Cost of living crunch sinks teeth into Morrisons profit September 28, 2022 Morrisons has posted sliding sales after the retailer was recently knocked out of the Big Four by discounter rival Aldi. In financial results for the 13 weeks to 31 July, the group posted like-for-like sales, excluding fuel, down 3.1 per cent on the comparable period a year ago. The supermarket pointed to “unprecedented inflationary pressures” [...]
Elizabeth line: Bond Street station to open on 24 October September 28, 2022 Bond Street’s Elizabeth line station will open on 24 October following a five-month delay, Transport for London (TfL) has announced. The step-free station will accommodate 140,000 daily passengers, relieving congestion from Oxford Street and giving a boost to the capital’s fashion district. Trains will initially run every five minutes, with no services taking place on [...]
Boohoo revenue and profit struggles in first half of 2022 as expectations lowered September 28, 2022 Fashion retailer Boohoo struggled in the first six months of the year with a 10 per cent decline in revenue and a 90 per cent fall in profit before tax. The beleaguered retailer’s gross profits were down 13 per cent in the first six months of the year, compared to 2021, as the firm struggled [...]