Ofgem warns Scottish Power and Utilita over customer protections September 22, 2022 Ofgem has slapped two of the UK's leading energy firms with provisional orders, requiring them to meet requirements to customers.
Queen mourning period gave tourism and retail big boost, says payment firm SumUp September 22, 2022 The Queen’s death and funeral may have led to 10 days of national mourning, but it also gave Britain a welcome tourism boost, according to payments firm SumUp. SumUp, which provides 4m small and medium-sized firms and other organisations with payment devices, said the industry experienced a spike in the last fortnight. It released data [...]
Failure to cut energy demand risks ‘reckless’ waste of taxpayer money September 22, 2022 Capping energy prices without boosting insulation would risk a “reckless” use of taxpayers’ money, warned the Social Market Foundation.
Lidl now highest-paying supermarket in UK with £39.5m investment in staff salaries September 22, 2022 Discount giant Lidl has committed £39.5 in salary increases to its store and warehouse staff, becoming the highest-paying supermarket in Britain. The retailer is increasing hourly rates from £10.10 to £10.90 outside the capital, and within London, hourly wages will go up to £11.30 and £11.95 inside the M25. , Some workers are set to [...]
Sterling’s freefall is global but there are still markets where the Pound buys you more than last year September 22, 2022 The pound has tanked again against the dollar and is now down 18 per cent year-on-year. As the Bank of England prepares to hike interest rates later today, Sterling has endured a rough ride on the currency markets over the last 12 months. As a result, this is making holidays more expensive in 48 out [...]
Sadiq Khan: Income tax cuts to ‘disproportionately benefit’ wealthiest September 22, 2022 The Chancellor’s proposed cuts to income tax will “disproportionately benefit” society’s wealthiest, according to an analysis by the Greater London Authority (GLA). Figures showed that, by introducing a 1p cut, those on a £150,000 per year salary would have a tax relief of £1,950 while those earning the least would not see any benefit. “Tomorrow’s [...]
From Thatcher to Truss: stop equating female leaders with feminist leaders September 22, 2022 In Liz Truss, we now have our third female prime minister and our second in a decade - a laudable achievement. It is important not to confuse a female body for a feminist mind.
Liz Truss tax cuts must be bolder to revive UK economy, Thatcherite thinks tank claims September 21, 2022 Liz Truss must be even bolder than cancelling the corporation tax rise to unlock the UK’s full economic potential, a Thatcherite think tank has claimed today. The prime minister’s chancellor, Kwasi Kwarteng, is expected to reverse the six percentage point corporation tax hike at this Friday’s mini-budget. The move will generate a 1.2 per cent [...]
FCA warns millions of Brits who live in blocks of flats urgently need better protection September 21, 2022 Under a move by the City watchdog to improve how the buildings insurance market operates, the FCA said today that people living in blocks of flats could receive greater protections from high insurance costs. A cross-industry risk-sharing scheme could be set up to limit the risk to individual insurers posed by buildings affected by flammable [...]
Marks and Spencer announces bumper £15m pay package for its 40,000 frontline staff September 21, 2022 Marks and Spencer has announced a bumper £15m pay package to support its 40,000 frontline staff during the cost of living crisis. The British high-street giant is also introducing an autumn pay review for the first time, while extending its benefits scheme for workers. More than 40,000 workers will get a boost to their hourly [...]