AJ Bell: Getting young people to invest isn’t easy amid cost-of-living crisis October 30, 2022 ENCOURAGING younger people to invest their hard-earned cash is not easy in the current economic climate, the chief executive of AJ Bell has said, adding that the recent launch of its investment app Dodl, which is aimed at younger investors, took place at a less than ideal time. Younger generations are seeing a “real squeeze” [...]
Blind people amongst those worst affected by cost of living crisis October 28, 2022 The Royal National Institute of the Blind (RNIB) conducted a survey recently, asking 125 blind and visually impaired individuals to explain how the cost of living crisis was affecting them. The cost of living crisis has become a focal point for the government and a point of concern for the public in recent months. Soaring [...]
Nearly 28,000 Brits enter insolvency as economic crunch hits October 28, 2022 Almost 28,000 personal insolvencies were recorded over the past three months as Britons come under pressure from the soaring cost-of-living, according to official figures. The Insolvency Service confirmed on Friday that it has also seen a rise in registrations from people seeking breathing space from debts. The new data showed that 27,927 individual insolvencies were [...]
British Airways owner IAG’s profits soar as leisure demand booms October 28, 2022 British Airways owner IAG is back in the black with a profit after tax of €853m (£736m), as leisure revenue has recovered to pre-pandemic glory. The London-listed firm swung into profit in its third quarter results – ahead of market expectations – after posting a 2021 loss of €574m. IAG’s overall passenger capacity plans are [...]
Britain’s workforce is sick and tired and it’s killing our economic prospects October 28, 2022 Britain’s economy is under the weather and if left unchecked, we risk becoming tarred as the sick man of Europe once again.
Government eyes bank surcharge U-turn despite Lloyds profits tumbling October 27, 2022 Britain’s biggest mortgage lender, Lloyds Bank, has set aside hundreds of millions of pounds in preparation for a surge in loan defaults caused by the rising cost of living and higher interest rates squeezing household budgets. The lender today said it had banked £668m over the three months to September to absorb souring loans, primarily [...]
Exclusive: Seven Dials Market boss says ‘Brexit means we are short-staffed for every shift, every day’ October 27, 2022 Brexit has “absolutely screwed” the food industry after it “ripped away” its labour source, according to the boss behind the West End’s popular Seven Dials Market. Businesses at the food and drink destination are facing staff shortages “for every single shift, every single day,” Simon Mitchell, who heads the street food market operator Kerb, exclusively [...]
Could Apple’s new guidelines be the springboard for the UK’s crypto hub ambitions? October 27, 2022 Apple helping yet taking away at the same time is not surprising, but it’s likely for the greater good, says Rita Liu of Mode.
Fracking fury: Industry body hammers Sunak after shale gas U-turn October 27, 2022 UKOOG has expressed its fury with Prime Minister Rishi Sunak's apparent decision to re-impose the ban on fracking.
Ed Warner: My advice to aspiring youngsters is to do your homework October 27, 2022 I never imagined I’d end up spending half my working week immersed in the world of sport. I stumbled into it via a serendipitous alignment of the stars in my mid 30s and have been privileged to parlay my enthusiasm for sport and my business knowledge into emotionally rewarding experiences for the past fifteen years. [...]