EY posts record revenues of £40bn as consulting sales surge September 21, 2022 EY today posted record revenues of $45.4bn (£40bn), on the back of its strongest growth in decades, as partners in the Big Four accounting firm prepare to vote on plans for a global split in what could be the biggest shakeup to audit sector in years. The accountancy firm saw its combined global revenues [...]
Energy sector raises concerns over six-month window for business support September 21, 2022 The energy sector raised concerns over Government plans to provide support for businesses to combat soaring wholesale costs.
Ten Entertainment scores yet another strike as it heads for expansion and keeps price freeze plans September 21, 2022 Bowling firm Ten Entertainment confirmed plans to open three new alleys in the next six months as it heads for a post-pandemic victory. The firm posted sales of £63.2m in the first half of 2022, up 53 per cent on pre-pandemic levels, while pre-tax profits rocketed 121 per cent to £15.7m. The Bedford-based company notably [...]
UK government borrowing double than expected September 21, 2022 The UK government borrowed nearly double the amount than expected last month to fund the first stages of the cost of living care package, official figures published today show. Britain’s debt pile swelled £11.8bn in August, much higher than the country’s official forecaster, the Office for Budget Responsibility (OBR), projected £6bn at the March budget, [...]
Sentiment shows no sign of improving as inflation narrative continues to impact Bitcoin price September 21, 2022 The price of Bitcoin is down 2.8 per cent over the past 24 hours at $18,853, while Ethereum is down 2.8 per cent over the same time frame.
Taxpayers to foot the bill for half of businesses’ electricity bills September 21, 2022 Taxpayers will have to cough up half the electricity costs for British businesses this winter amid threats of blackouts.
More sectors flash recession warning amid spending cooldown September 21, 2022 More sectors of the UK economy are flashing recession signals caused by consumers cutting spending in response to surging prices, a fresh survey published today reveals. Some 11 sectors out of the 14 tracked by Lloyds Bank recorded a slump in both demand and output last month. It is the fourth month in a row [...]
An energy cap is a start but the challenge has just begun September 21, 2022 Two days after her appointment as prime minister, Liz Truss unveiled the Energy Price Guarantee, the single largest fiscal intervention introduced in the UK in peacetime. In just over a week, household bills will be frozen at an average £2,500 per year – savings of £1,000 from Ofgem’s October price cap – for two years. [...]
G20 nations are not cutting emissions fast enough to meet climate goals September 20, 2022 No country in the G20 is decarbonising quickly enough to maintain a safe climate, according to new analysis from PWC.
German business costs accelerate at quickest pace on record September 20, 2022 German business costs have soared at the fastest rate ever in a sign that more financial woe is set to be heaped on consumers. Input prices, known as the producer price index, surged 45.8 per cent last month, according to Germany’s statistics agency. The record jump was driven by a near tripling in electricity prices. [...]