Sunak warns energy companies ‘no option is off the table’ amid calls for a windfall tax May 17, 2022 Domestic energy companies could still face a windfall tax this year, if they fail to invest in the UK's energy sector, warned Chancellor Rishi Sunak.
Wages trail inflation as Brits brace for cost of living crunch to enter most damaging spell May 17, 2022 Brits’ spending power is being crimped at a historic rate, but is set to plunge even quicker as the cost of living crunch enters its most damaging period, reveals official figures published today. Regular pay adjusted for inflation dropped at the fastest pace in nearly a decade over the last quarter to March, falling 1.2 [...]
Credit Suisse hit with credit rating downgrade by S&P after string of scandals May 17, 2022 Scandal-stricken lender Credit Suisse has been hit with a downgrade by credit rating firm Standard & Poors after slumping to a loss in the first quarter of the year.
Burned Out? Here Are Great Companies To Move To May 17, 2022 Burnout is nothing new – many of us have experienced it at work at some stage, and it is so real that the World Health Organisation has classified it as an “occupational phenomenon” in its International Classification of Diseases. A term that is a bit newer, but probably still pretty familiar, is the concept of [...]
Fewer unemployed people than job vacancies: Jobless rate lowest since 1974 with 121,000 more Brits on payrolls May 17, 2022 The number of UK workers on payrolls rose by 121,000 between March and April to 29.5m, the Office for National Statistics said this morning. It means Britain’s jobless rate has fallen to its lowest level for over 47 years but workers have seen their pay fall further behind rocketing inflation, according to official figures. The [...]
Fiat “on-ramps” and “off-ramps” – what are they, and who needs them? May 16, 2022 Raymond Hsu of Cabital explains the pros and cons of 'on-ramps' and 'off-ramps', what they do, and why we need them.
Exclusive: UK business loans written off by banks almost double to £356m as insolvencies quadruple May 16, 2022 The value of UK business loans written off by banks nearly doubled in the last quarter of 2021, rising 87% from £190m in the third quarter to £356m in the fourth quarter. Debt advisors told City A.M. this afternoon that write offs of loans have been subdued throughout the Covid crisis but are now rising [...]
Russia-Ukraine war generates new headwinds for European economy May 16, 2022 Russia’s invasion of Ukraine is generating fresh headwinds that will choke the European economy, reveal official forecasts published today. Surging energy prices caused by concerns over supply security following Moscow sending troops into Ukraine are set to strain households and businesses on the Continent. High input prices are likely to weigh on production, while elevated [...]
EDF reaches deal with energy specialist to support heat pump roll-out May 16, 2022 Energy giant EDF has teamed up with CB Heating to boost its heat pump offering to customers and train more installers.
Hammersmith: Picton snaps up office and retail space for £13.7m as it bets on Olympia redevelopment May 16, 2022 Real estate investment trust Picton has completed a freehold takeover of a mixed-use space in Hammersmith for £13.7m. Charlotte Terrace, on Hammersmith Road, includes four adjoining buildings, with a total of 28,500 sq ft of office space and 4,400q ft of retail space. The office space was redeveloped in 1990 behind a Grade II listed [...]