The role of VC investors in FTX – too big to fake? November 29, 2022 CMS Law's Charlie Kerrigan picks through the levels of disbelief that FTX were able to hoover up VC cash without anyone smelling a rat.
From bookings to refunds, we’re all losing money to junk fees – including our economy November 29, 2022 America is hardly a country without crises. President Biden’s democrats only just scraped through a victory in the Senate earlier this year. And yet, with precious little time, the US leader has chosen to add another priority to his list: scrapping “junk fees”. If you’ve ever bought a ticket, booked a flight or sent money [...]
Open banking should be a blueprint to create more competition across sectors November 29, 2022 When Transport for London opened up their data, it enabled the creation of Citymapper.
Exclusive: Business rates hike a ‘ticking time bomb’ for London economy, Mayor warns November 29, 2022 Thousands of squeezed London businesses are now facing a “ticking time bomb” in the form of coming tax hikes, London Mayor Sadiq Khan has warned. Khan revealed to City A.M. last night that business rates will increase in 28 of the capital’s 32 boroughs in 2023, just as the UK is predicted to go into [...]
Energy firms warned over rising bills November 28, 2022 Energy firms have been slammed for a lack of engagement with businesses and households over record energy bills.
Exclusive: Citizens Advice urges Ofgem to clamp down on suppliers failing customers November 28, 2022 Citizens Advice has urged Ofgem to ensure suppliers are supporting customers over the winter amid record energy bills.
Shapps intervention urged to stop energy suppliers ‘finding routes to inflate’ bills for SMEs November 28, 2022 The business minister has been asked to intervene to stop energy suppliers from hiking prices for small businesses. Some small firms have complained that their energy costs continue to climb, despite the government’s energy bill relief scheme. The Federation of Small Businesses (FSB) has written to Grant Shapps to urge him to prevent suppliers from [...]
Retail sales fall off cliff in November in sign of Christmas spending slump November 28, 2022 Retail sales have fallen off a cliff, pushed by consumers reining in spending as scorching inflation eats away at their finances, a new survey out today reveals. A net 19 per cent of retailers said spending fell over the year to November, down from a net rise of 18 per cent in October, according to [...]
Brits told to cut energy usage as Government unveils £1bn insulation support November 28, 2022 Households will be advised by the Government to lower boiler flow temperatures and turn down radiators in empty rooms.
Yü Group smashes expectations as renewed customer contracts soar November 28, 2022 Business energy supplier Yü Group smashes revenue expectations as it posts record monthly bookings. In a trading update, Yü said revenue, adjusted EBITDA and operational cashflow was anticipated to significantly exceed current market expectations for the year to 31 December. Record average monthly bookings from new and renewed customer contracts over the last three months has resulted [...]