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 [...]
UK firms well below EU average for tax roll burden of workers on £30k November 28, 2022 The UK has one of the lowest payroll tax burdens for businesses, with the average cost of employing a worker on £30k being £3,000. A new study by accounting company UHY shows Britain is below the European average, with the cost of keeping a worker in their job being 10 per cent of their salary, [...]
UK economy much more volatile after series of sharp shocks November 28, 2022 The UK economy has become much more volatile compared to three decades ago, a new survey out today reveals. Since the global financial crisis in 2008, the economy has grown much slower compared to the decade and a half in before the catastrophe, according to consultancy BDO. The firm said in the first 15 years [...]
Optimism abounds in OBR forecasts, but just how feasible are they? November 28, 2022 When former Tory chancellor George Osborne created the Office for Budget Responsibility (OBR) in 2010, he was unlikely to have envisioned it would become the source of financial market turmoil. But, that upheaval was not the budget watchdog’s fault. Instead, it was former prime minister Liz Truss and ex-Number 11 incumbent Kwasi Kwarteng’s disdain toward [...]
Government to fund insulation for middle-income earners to slash bills November 25, 2022 Plans to fund loft and cavity wall insulation, alongside smart heating controls, are set to be unveiled by Business Secretary Grant Shapps.
Ofgem stops short of ringfencing requirements for customer balances November 25, 2022 Ofgem has announced further measures to toughen up energy markets and ensure suppliers are financially resilient.
Mark Kleinman: Glazers could see biggest ever football club sale November 25, 2022 It was Sir Alex Ferguson who coined the phrase “squeaky bum time” in reference to those anxious moments at the end of seasons when Champions League and Premier League titles and FA Cups hung in the balance. Fergie’s employers for the last eight years of his reign, the Glazer family, are about to undergo their [...]