Local cabbie prices could spiral following Uber lawsuit over VAT November 1, 2022 Taxi firms could be forced to up their prices by a fifth as Uber calls for cabbies across the country to pay VAT on their journeys. A High Court hearing is expected to be handed down this week after the ride-hailing giant sued Sefton Council about VAT terms operating outside of London. Since the 1970s, [...]
Retailers gear up to win battle for Christmas online shopping rush November 1, 2022 Retail giants are battling to entice cash-strapped consumers with a slew of online discounts and sales this year. Spending is expected to slip by up to half on Black Friday this year, against a backdrop of a cost of living crisis, Wunderman Thompson research has forecast. Online retailers are set to benefit from the crunch, [...]
Hunt and Sunak face £89bn fiscal hole without tax rises or spending cuts November 1, 2022 Without spending cuts or tax rises, prime minister Rishi Sunak and chancellor Jeremy Hunt will burn a £89bn hole in the public finances in a few years time, a new report out today reveals. A combination of former prime minister Liz Truss’s tax cuts in the shambolic 23 September mini-budget still lingering and a flatlining [...]
Londoners’ anxiety skyrockets 57 per cent due to rising bills, going out less November 1, 2022 Almost sixty per cent of Londoners are increasingly anxious about rising energy bills, with millions eating less healthily and staying in more to save cash. The human impact of the cost of living crisis continues to deepen, with new figures exposing a deep generational dive between young professionals and over-65s. The data, published by Personal [...]
Soaring interest rates could spark five per cent London house price fall October 31, 2022 Soaring interest rates and a tough cost of living crisis could send London house prices on a downward spiral, new research published today warns. Home prices in the capital are on course to shed five per cent next year, driven by sellers dropping prices to attract buyers hit by an affordability crunch, according to property [...]
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.