UK braces for historic living standards shock on Russia-Ukraine conflict sending inflation skyrocketing March 8, 2022 Households are set to absorb the worst shock to their living standards in recent history driven by the Russia-Ukraine conflict sending energy prices skyrocketing, reveals fresh research published today. Gas prices have surged to their highest level ever on concerns over Moscow squeezing energy flows in retaliation to Western sanctions, which could push UK inflation [...]
Brits hunker down for cost of living pinch as experts project spending pullback March 8, 2022 Brits are battering down the hatches in preparation for rampant inflation hitting their finances, reveals fresh research published today. Around nine in 10 households are concerned about the impact rising food prices and overall inflation will have on their ability to maintain spending levels, according to Barclaycard. The research was carried out before the Russia-Ukraine [...]
Gas prices soar to £8 per therm as West weighs up sanctions targeting Russian energy supplies March 7, 2022 Natural gas prices in the UK and Europe have rocketed from already-record highs, peaking at a staggering £8 per therm earlier today.
Explainer-in-brief: Clearing up London’s air and TfL budgets March 7, 2022 Last week, Mayor of London Sadiq Khan announced he would expand the Ultra Low Emission Zone (ULEZ) to include the entirety of Greater London. Drivers of old, polluting vehicles will have to pay £12.50 a day to enter the city. The first aim of this move is to turn London into a city with clean [...]
Cadent Gas workers to strike following pay increase rejection March 7, 2022 Workers at British energy provider Cadent Gas are expected to vote in favour of industrial action after they rejected a 4 per cent pay rise. The union GMB said its members had turned down the pay increase because it’s below the current inflation rates of 7.8 per cent. “Like everyone up and down the country, [...]
British Gas the worst firm for customers from bust suppliers March 7, 2022 Missing credit balances, billing delays and poor communication have defined customer experiences during the supplier of last resort process.
Fuel be sorry: Record petrol prices could hurt retail sector warn experts March 7, 2022 Experts suggest record prices at the pumps could hurt the retail sector and potentially stall the UK's ecommerce boom.
UK jobs market surges to pre-pandemic health but inflation crunch looms March 7, 2022 The recession of Covid-19 restrictions has sparked a recruitment drive by British businesses, reveals a fresh survey released today. An uptick in spending as Brits head back to high streets after the end of Plan B measures is encouraging firms to take on more staff, according to research by accountancy firm BDO. Businesses are scrambling [...]
Sunak under pressure to drop NI rise in wake of Ukraine invasion March 6, 2022 Rishi Sunak is under increased pressure to drop his 1.25 percentage points increase of National Insurance next month in the wake of Russia’s invasion of Ukraine. It is expected the war will lead to higher inflation than expected due to Europe’s large reliance on Russian gas and Ukrainian agricultural products, like wheat. Annual growth in [...]
Shares nosedive across Europe as burning Ukrainian nuclear plant terrifies traders: FTSE lowest since October March 4, 2022 All major markets across Europe are reacting this morning with horror to the fire at Europe’s largest nuclear power plant amid shelling by Russia in the area. Although the situation is reportedly under control, stock indexes were down across the continent, with London’s top index, the FTSE 100, dropping to its lowest point since October [...]