Post Office and British Gas team up to offer free debt advice to those struggling with bills May 23, 2022 The Post Office has teamed up with British Gas to offer direct help to those struggling to pay energy bills amid the cost of living crisis. ‘Stop the Silence Pop-Ups’ will appear during the next three weeks across UK cities, giving people worried about their debts free practical and financial advice. Starting on Monday, the [...]
Fintech lender Creditspring bags £48m to keep up with cost-of-living borrowing boom May 23, 2022 London fintech lender Creditspring has revealed a £48m cash injection today as it looks to meet a surge in demand as consumers turn to credit amidst a cost of living crunch.
Boris Johnson says new package to fight cost-of-living crisis is coming: ‘No option is off the table’ May 23, 2022 Prime Minister Boris Johnson said this afternoon that “no option is off the table” to deal with the rising cost of living but added “I’m not attracted, intrinsically, to new taxes” in response to pressure to introduce a windfall levy on oil and gas firms. Johnson insisted there would be further help to deal with [...]
Traders increasingly short ‘awfully cheap’ Pound as inflation and cost-of-living crisis drive UK towards hard recession May 23, 2022 Traders are increasingly taking short positions against the Pound Sterling as the economic outlook for Britain deteriorates. Institutional investors, asset managers and other key players in the US, the world’s largest financial market, currently hold more than 128,000 short positions against the Pound, compared to just 32,000 long positions, according to the most recent figures [...]
Travel chief warns online sales tax may hit tour operators and agencies hard May 23, 2022 The UK Government’s proposed tax on online sales could have a significant impact on travel businesses, according to accounting company RSM. The proposal, whose first consultation ended on Friday, is expected to level the playing field between physical and online retailers, as well as bringing down the cost of rentals. According to RSM UK’s head [...]
Send poorest Brits a cheque and don’t hike corporation tax, George Osborne tells Rishi Sunak May 23, 2022 Former Chancellor of the Exchequer George Osborne is convinced a windfall tax is coming, despite the squabbling between Numbers 10 and 11, while also saying he would put a cheque in the post to the poorest families in the UK. Moreover, he disagrees with present Chancellor Rishi Sunak over the proposed rise in corporation tax. [...]
Letters: A Mexican charade May 23, 2022 [Re: UK kicks off negotiations with Mexico for £4bn post-Brexit trade deal, April 20] It’s quite striking that we’re bragging about trade deals with Mexico as some kind of farcical “post-Brexit” boost. We never saw a real trade deal with the US even if we are now negotiating state-by-state. Our trade deal with Australia was [...]
Windfall tax talk rattles Tories as Rishi Sunak reportedly backs the levy May 22, 2022 The prospect of a windfall tax on large energy firms has provoked a fierce Tory backlash, after it was revealed yesterday Rishi Sunak is in favour of a levy.
Sunak poised to give poorest households £5-7.5bn to deal with cost-of-living crunch, Deutsche Bank says May 22, 2022 Deutsche Bank has said it expects the UK’s Chancellor of the Exchequer Rishi Sunak will give £5-7.5bn in support to the UK’s poorest households to help them deal with the UK’s cost-of-living crisis. The chancellor could increase universal credit payments, give money to food banks, and help poor households pay for energy bills, in a [...]
EON boss warns 40 per cent of its customers face fuel poverty this winter May 22, 2022 EON's boss warns million more customers could be living in fuel poverty this winter, if the government doesn't step in to provide more help.