Fuel traders urged to take responsibility as wholesale price falls but petrol hits new record at pump June 23, 2022 Despite falling wholesale costs of petrol and diesel, prices are still going up at the pump as motoring groups call on fuel traders to offer consumers relief.
UK economy spiralling toward ‘troubling’ recession and even higher inflation June 23, 2022 The UK economy is hurtling towards a “troubling” slump that will see it tip into recession and suffer from rampant inflation, reveals a closely watched survey published today. Consumers are responding to the worst cost of living crunch in a generation by cooling spending, while businesses are grappling with flatlining demand, according to S&P Global’s [...]
Oil prices slump as recession fears rise June 23, 2022 Oil prices continued to decline this morning across both major benchmarks, weighed down by the growing risk of a recession.
Explainer-in-brief: Behind the pensions triple-lock promise June 23, 2022 The pensions triple-lock was introduced in 2010, to ensure payments rise each year keeping up with the cost of living. It works in a simple way: state pensions rise in line with whichever is the highest between average earnings growth, inflation or a flat 2.5 per cent rise. Last year the government suspended it, mainly [...]
Payments firm SumUp hits €8bn valuation after fresh funding round June 23, 2022 London payments firm SumUp revealed it had bagged a $590m funding injection today as it looks to fuel a growth push and rollout new products this year.
Govt will try to change ‘burdensome’ law so agency staff can cover for striking workers June 23, 2022 The government will try to change the law to allow agency staff to cover for striking workers. Grant Shapps and Kwasi Kwarteng, the transport and business secretaries, made the announcement on Thursday as the UK is crippled by a second day of industrial action. Under current trade union laws, firms cannot supply temporary workers to [...]
Downing raises over £50m to boost investment plans June 23, 2022 Investment group Downing has announced it has raised over £50m for its renewables trust from its funding round earlier this month.
Rail strikes to halt commutes again as RMT union boss warns of more to come June 23, 2022 Rail strikes are set to hit London and the rest of the country again today, as union members picket outside an unusually quiet Euston Station. While Tube services are running, delays are expected to hang over from yesterday’s bout of industrial action. RMT union general secretary Mick Lynch, who joined picketers for the second of [...]
Zahawi: Education union strike threat after rail chaos would be ‘unforgivable and unfair’ for students June 23, 2022 The education secretary has accused education trade unions of “failing” children by threatening strikes. Nadhim Zahawi branded threats to walk out of the classroom by the National Education Union “irresponsible” in a piece for the Telegraph this morning. This comes after industrial action from rail workers brought the country to a standstill on Tuesday, with [...]
Businesses raise concerns over the cost of net zero amid energy crisis June 23, 2022 Nine in ten businesses are concerned about costs of funding the transition to net zero amid a spike in energy prices according to research from Npower.