Brexit is ‘only thing’ that divided Corbyn and Starmer in shadow cabinet, Diane Abbott says February 16, 2023 Jeremy Corbyn “in his heart of hearts is a Brexiter”, one of his longest-standing allies has said, backing up a suspicion critics held during the EU referendum. Diane Abbott, who served as his shadow home secretary, said on Wednesday that Mr Corbyn is “anti-EU” and saw it as “a conspiracy of business people”. He followed [...]
Why is the UK economy poised to tumble into a recession and fall behind Europe, US and even Russia? February 16, 2023 Britain avoided a much-tipped recession at the end of last year. Phew. “However, we are not out of the woods yet,” warned Chancellor Jeremy Hunt after last Friday’s GDP figures from the ONS revealed the economy stagnated at the end of 2022, meaning it narrowly avoided the technical recession definition of two consecutive quarters of [...]
London is being hollowed out of clever 20-year-olds refusing rent hikes February 16, 2023 Young, talented people are leaving London in flocks because they can't afford the record spike in rents. It risks making the capital a place for the super wealthy only, writes Elena Siniscalco
Households could start switching energy suppliers in bid for cheaper deals as price cap plummets February 15, 2023 Millions of Brits could switch supplier later this year, with the energy market expected to become more competitive as gas prices ease.
Rail and postal strikes ‘decimated’ festive trade with worst impact for a decade February 14, 2023 London’s festive economy was “decimated” by rail and postal strikes, as new figures revealed the disruption caused by walkouts was the worst month on record since 2011. Around 843,000 working days were lost to strike action in December – the highest for more than a decade – according to official figures from the Office for [...]
Thames Water risks £500m shortfall after April bill hike as vulnerable customers fall behind on payments February 14, 2023 Hundreds of thousands of Thames Water's customers risk falling behind on their bills when prices rise in April, according to Outra.
Leap in business insolvencies as ‘tough start’ to 2023 leads to 52 per cent surge in compulsory liquidations February 14, 2023 Corporate insolvencies rose seven per cent year-on-year in January 2023 with the number of compulsory liquidations up over 50 per cent, according to figures released today. The Insolvency Service said 1,671 companies went insolvent in January 2023, a seven per cent rise on the same month the previous year and 11 per cent when compared [...]
Make recycling simple and efficient February 14, 2023 It’s no exaggeration to say that the climate crisis is more urgent than ever. While the vast majority of us have introduced a variety of eco-friendly habits into our personal lives, implementing the same changes into your business operations is often easier said than done – especially without the help of an expert. Bywaters helps [...]
Power of Inclusion Breakfast To Discuss Cost of Living Crisis and Social Mobility within the City February 14, 2023 Bringing together some of the City’s most insightful minds including Alderman Vincent Keaveny and Sarah Churchman to discuss social mobility, the cost-of-living crisis and its immediate impact on businesses, The Lord Mayor’s Appeal will host its first Power of Inclusion breakfast workshop on Tuesday 28th February at Ashurst. Part of the Power of Inclusion initiative’s 2022-2024 [...]
Tui reduces loss to £135m but warns of threat posed by soaring fuel prices and cost-of-living crisis February 14, 2023 Travel firm Tui has posted a €153m (£135m) loss for the final three months of 2022 as the German company warned of potentially tougher times to come. The Hanover-based firm said the cost-of-living crisis could see demand for its holidays to fall as cash-strapped Europeans cancel trips abroad. Tui warned that the war in Ukraine [...]