Potatoes are off the table with higher gas bills March 24, 2022 Yesterday, after the Chancellor unveiled his spending review, food banks pushed back as grim figures from the Office for Budget Responsibility warned of the biggest fall in household’s disposable incomes since records began. Richard Walker, the Managing Director of Iceland, gave a stark warning. He told the BBC that some food bank users were declining [...]
As inflation pushes hospitality prices up, customers’ patience will also start to wane March 24, 2022 Last week I had the painful, and for many people, familiar experience of trying to contact an airline to redeem evouchers. Mine was a simple request but not one I felt an online chat would resolve. After navigating a tortuous route through a myriad of menus, I was informed that they were too busy to [...]
As it happened: Rishi Sunak’s Spring Budget 2022 March 23, 2022 Live updates and links to all our coverage, reactions and analyses as the Chancellor of the Exchequer, Rishi Sunak, delivers the government’s Spring Budget for 2022 . Please do get in touch and let us know your opinion via news@cityam.com or @Cityam With the cost of living crisis, rising inflation, war in Ukraine and [...]
In a bid to crack down on Big Tech, we cannot forget the small players and individuals March 23, 2022 A bill poised to erode free speech in both the UK and around the world was put before Parliament last week in the form of the long-awaited Online Safety Bill. The 225-page legislation proposes solutions for a wide range of online abuses, from child sexual exploitation to fraudulent advertising, while promising to hold Big Tech [...]
Six strategies for your retirement income March 22, 2022 What surprises me most about my wife’s catering business is how much food is usually left over. I often ask: ‘Is there a better way to manage food costs?’. Her answer is always the same: ‘Better to have food left over than fall short.’ She has the exceptional ability to estimate how much each person [...]
Just Eat teams up with McDonald’s to drive home delivery efficiencies March 22, 2022 European takeaway giant Just Eat Takeaway.com has entered a "long-term global strategic partnership" with McDonald's as the delivery firm tries to remain profitable in a post-pandemic world.
Inflation to climb again in fiscal headache for Sunak March 21, 2022 Inflation in the UK will accelerate to its highest rate since 1991, according to bets placed by City economists on Wednesday’s fresh data released ahead of Chancellor Rishi Sunak’s spring statement. The rate of price rises will breach six per cent, new figures from the Office for National Statistics (ONS) will show. Rising energy and [...]
Saturday Sitdown: Soho Housing’s chief on why ‘we need to rethink the way we use central London’ March 19, 2022 Insurance giant Admiral recently warned that nearly nine out of ten Londoners can no longer afford the average cost of rent in the capital. The demand for rooms to rent is much higher than the available supply, thereby leading to such increases that most Londoners cannot keep up with, the company cited as the main [...]
Deliveroo losses widen with warnings of future cost pressures March 17, 2022 Deliveroo has reported widening losses of £131m as the food delivery firm warned of the impact of hiked costs. The firm said its core adjusted loss had widened compared to a loss of £11m in 2020, citing increased marketing spend and investment into technology. However, revenue soared 57 per cent, with food delivery apps benefiting [...]
Be part of something glorious this summer March 14, 2022 The Qatar Goodwood Festival, which takes place from Tuesday 26 July to Saturday 30 July, is one of the undisputed highlights of the British sporting and social calendar. The world-famous five-day festival, affectionately known as ‘Glorious Goodwood’, presents spellbinding sport to the backdrop of the rolling Sussex Downs. To whet the appetite for an exquisite week [...]