National insurance hike sparks wave of job cuts April 11, 2022 Businesses have unleashed a wave of job cuts to cope with being hit by the national insurance hike, reveals fresh research released today. The pipeline of redundancies has taken off in the last month alone, triggered by firms scrambling to protect their bottom lines ahead of a series of damaging tax rises. The number of [...]
Money saving expert Martin Lewis warns of ‘civil unrest’ as costs soar April 10, 2022 Money saving expert Martin Lewis has warned the UK faces 'civil unrest' as the cost of living crisis worsens.
Tech Weekly: Alex Marsh, Head of Klarna UK, on post-Brexit financial regulation, consumer protection, and difference between Klarna and credit cards April 8, 2022 On this week’s Tech Weekly episode, City A.M. reporters Charlie Conchie and Lily Russell-Jones chat to Alex Marsh, Head of Klarna UK. They go through the Innovate Finance fintech summit, Buy Now Pay Later regulation and the UK’s financial regulation post-Brexit; measures needed to protect consumers from debt; what role services such as Klarna are [...]
Sunak tells Bank of England to ease up on opposition to fossil fuel April 8, 2022 Rishi Sunak has urged the Bank of England to ease up on its opposition to fossil fuel investment despite the UK's green commitments.
Sainsbury’s becomes first big grocer to pay London Living Wage amid cost of living crisis for Brits April 8, 2022 Sainsbury’s has confirmed that it will become the first major supermarket to pay the London Living Wage. Shop workers at Sainsbury’s and Argos stores in outer London will receive £11.05 per hour, a boost of 55p, from next month. The supermarket said this means staff in the outer areas of the capital will match employees [...]
Oil prices dip below $100 per barrel following IEA pledge to flood markets April 7, 2022 Oil prices dropped below $100 on both major benchmarks today - with markets weighed down by pledges from the IEA to boost supplies.
Energy strategy a ‘three, four, five year’ answer to crisis admits Business Secretary Kwasi Kwarteng April 7, 2022 Kwasi Kwarteng described the energy strategy as a medium-term response which will not affect the current cost-of-living crisis.
Co-op profit hammered by supply chain disruption as chair warns of ‘stark headwinds’ April 7, 2022 The Co-operative Group’s profit has taken a battering after “significant supply chain disruption” last year, as the grocer pledges to support customers amid a cost of living crunch. The supermarket reported profit before tax of £57m for 2021, down £70m on the year before when it pocketed £127m. The Manchester-based grocer did mark higher profit [...]
UK Energy Strategy: Experts weigh in on plans to transform the domestic energy sector April 7, 2022 Analysts and experts assess the state of the UK's energy sector with the government announcing plans to boost domestic production.
Energy strategy will not resolve cost of living crisis April 7, 2022 A new dawn for the UK’s energy sector will be unveiled today, when the Prime Minister finally announces the country’s energy strategy.