As the energy crisis hits pockets, we need to protect our future economy February 16, 2022 Against the backdrop of the cost of living crisis, there is a growing vocal minority in the Conservative Party calling for the Prime Minister to slow down on decarbonising the British economy. The Net Zero Scrutiny Group of backbench MPs in parliament have started to grumble that the government’s net zero plans will cost too [...]
SMEs to bolster employee numbers in face of rising inflation and energy costs February 16, 2022 UK SMEs are looking to bolster their employee numbers in the face of rising inflation and energy costs, according to new research today. Small and medium-sized businesses have tabled plans to hire around six newbies, on average, in the first quarter of this year, Barclaycard Payments’ SME Barometer has revealed, with 40 per cent looking [...]
Automotive industry calls for new regulator to govern EV charge point mandate February 16, 2022 The UK automotive industry is lobbying for an independent regulator called Ofcharge to govern the mandate of electric vehicle (EV) charge points. The sector released today a seven-point plan to ensure UK drivers benefit from an affordable and available EV charging network, working alongside the government and other stakeholders to establish mandated targets for infrastructure [...]
Liontrust faces shareholder rebellion over plans to hike executive salaries February 15, 2022 London-listed asset manager Liontrust is facing a shareholder rebellion over plans to hike the salaries of its C-Suite executives as Britain faces rampant inflation and a widespread cost-of-living crisis. A significant proportion of Liontrust’s shareholders are expected to vote against the asset manager’s new remuneration policy, at a specially convened general meeting tomorrow, Sky News’ [...]
Airbus UK workers to strike over pay amid $600m lawsuit February 15, 2022 Airbus can’t seem to catch a break these days as, amid a $600m lawsuit with Qatar Airways, workers at the company’s Wales and Gloucestershire factories voted today in favour of a strike. Around 3,000 airbus employees part of the union Unite have decided to stage the walkout, after the company refused to improve salaries, which [...]
Used car prices continue to soar despite sky high inflation rates February 15, 2022 Sky high inflation rates have yet to hinder the exponential growth of the used car market, as prices continue to grow for the 93rd consecutive week. According to Auto Trader figures, prices have registered a 29 per cent like-for-like increase on the same period last year, going up to an all time high of £20,340. [...]
UK must ‘get used to’ soaring inflation eroding living standards February 15, 2022 Soaring inflation eroding Brits’ living standards is something the country needs “to get used to,” the City’s top economists warned yesterday. The alert was sparked by fresh jobs figures published yesterday indicating take home pay already being squeezed by the cost of living crisis is a sign of things to come. Real earnings slid 1.2 [...]
Number of Brits on payrolls accelerates as close to 30m are in employment February 15, 2022 The UK job market continued its recovery as the number of payrolled workers jumped last month but wages have continued to lag behind soaring inflation, according to official figures. The Office for National Statistics said this morning that the number of UK workers on payrolls rose by 108,000 between December and January to 29.5m. The [...]
Ukraine fears building: Markets hold their breath after Monday wiped off £43bn of London shares February 15, 2022 Billions were wiped off the stock exchange in London yesterday after global markets were thrown into turmoil in the second Monday collapse in less than a month. Nearly £58bn had been removed from the value of London’s top 350 companies just a couple of hours after markets opened on Monday. However, the companies clawed back [...]
Looming Russia-Ukraine conflict sends chill through City February 14, 2022 Mounting fears over an imminent Russian insurgency of Ukraine rippled throughout the City yesterday, wiping billions off of the value of the UK’s top companies. The potentially devastating impact of a war in eastern Europe spooked investors and sent them flooding into safe assets. In a bruising day on the Square MIle, the FTSE 100 [...]