Inflation and supply chain crisis to throttle UK economy, IMF warns January 25, 2022 The global supply crunch and roaring inflation will choke UK growth this year, the world’s economic watchdog warned today. A combination of the supply chain crisis rumbling on and the cost of living corroding Brits’ incomes has prompted the International Monetary Fund (IMF) to downgrade their forecasts for UK economic growth this year to 4.7 [...]
Sureserve Group revels in rebounding revenues following M&A spree January 25, 2022 Sureserve has rebounded strongly from challenging pandemic conditions with a 24.7 per cent boost in revenues.
EDF shareholder funds put pressure on French government over energy firm plans January 24, 2022 The supervisory boards of two EDF staff shareholder funds are pushing for clarity over the French government’s plans for the energy giant.
Supply chain crisis threatens to plunge record number of firms into the red January 24, 2022 The global supply chain crisis is threatening to plunge a record number of companies into the red, reveals a closely watched study released today. Nearly half of the 70 listed companies that issued profit warnings in the final three months of last year blamed their poor performance on the supply chain crisis, according to research [...]
Poverty looms for 15m Brits: Cost of living crisis grows as more and more people cannot keep up with household bills January 23, 2022 Millions of Brits are finding it harder to keep up with bills and credit commitments, as that number has doubled since the start of the pandemic to almost one in three, research by a debt charity warned this weekend. Nearly one in three British adults – 30 per cent or 15 million people – say [...]
Business Secretary says households will have to wait until March for help with soaring energy bills January 21, 2022 Business Secretary Kwasi Kwarteng has said households must wait until March to find out what help the government can offer for rising energy bills.
Studying Boris Johnson’s £335bn idea of a bridge between Scotland and Northern Ireland cost taxpayer £900,000 January 21, 2022 A study commissioned by Prime Minister Boris Johnson into which found it would be too expensive to build a bridge or tunnel between Scotland and Northern Ireland cost taxpayers nearly £900,000. The Department for Transport (DfT) said the research into the feasibility of a fixed link cost £896,681. Network Rail chairman Sir Peter Hendy led [...]
Reeves: UK has had a ‘lost decade’ of economic growth under Conservatives January 20, 2022 The UK has had a “lost decade” of economic growth under the Conservatives and the country is heading for another decade of “anaemic growth”, Rachel Reeves has said. Labour’s shadow chancellor used a set-piece speech in Bury today to once again position Labour as an unapologetically pro-business party under Sir Keir Starmer and herself, saying [...]
Brits to shoulder worst cost of living squeeze since 1991 January 20, 2022 Brits are set to shoulder the worst cost of living squeeze since the early 1990s, ignited by swelling energy bills and food prices compounding to spike household budgets. This week’s higher than expected inflation reading bounced one the world’s top investment bank’s cost of living forecasts. Wall Street titan Goldman Sachs lifted its expectations for [...]
TfL under fire over ‘unfair’ proposed Piccadilly line premium fare to Heathrow January 20, 2022 Transport for London (TfL) is under fire over a proposed increase to Piccadilly line’s journeys to Heathrow, according to recent reports. To be put in place between Zone 1 and Zone 6, the ‘premium fare’ would see commuters pay 60 per cent more to travel, with peak prices implemented all day instead of during rush [...]