Households in colder parts of country could receive heating support boost January 11, 2022 Families in colder areas of the country may receive more government financial support for heating costs this winter. The Treasury is reportedly mulling giving more cash to areas that are forced to use heating more, as energy bills have skyrocketed in recent months. The idea is being considered ahead of a package of measures to [...]
Exclusive: Senior Tory calls for UK to mull HSBC sanctions over links to Uyghur oppression January 11, 2022 HSBC should be hit with economic sanctions if it does not sever ties with a firm that is closely linked to the ethnic cleansing of Uyghur Muslims in China, according to senior Tory MP Sir Iain Duncan Smith. City A.M. can reveal the former Conservative leader and a group of other MPs will write to [...]
Treasury considers cutting green levy to ease cost-of-living crisis for UK households January 11, 2022 The Treasury is mulling over cuts to green levies with UK households facing increased energy bills later this year amid a cost-of-living crisis.
Ovo Energy says sorry after it tells customers to do star jumps and cuddle pets to cut down bills January 11, 2022 Ovo Energy has apologised after it advised customers to do star jumps, cuddle pets and eat porridge to cut down energy bills and stay warm.
Grenfell: Gove tells dodgy developers ‘we are coming for you’ as they’re forced to foot the bill for cladding crisis January 10, 2022 Michael Gove has sent a stark warning to property developers that have profited from installing dangerous cladding, like that was used in the Grenfell tower, telling them that “we are coming for you” as he unveils his plan to make them pay for cladding refurbishments across the UK. Gove told MPs today that the burden [...]
Johnson says lateral flow tests will be free ‘as long as they’re very important’ to stop Covid spread January 10, 2022 Lateral flow tests will remain free in the UK for “as long as they’re very important” to stop the spread of Covid-19, Boris Johnson has said. The Prime Minister said the tests are “one of our most important lines of defence” and that “we’ve got to make sure we see off Omicron” in response to [...]
Cost of living crisis: Millions of savers miss out as UK banks pocket profits from higher interest rates January 10, 2022 The UK’s major banks have failed to pass on last month’s interest rate rise to millions of savers, according to Moneyfacts.
Britain’s financial future needs catch-up plan for young workers January 10, 2022 If lockdowns have taught us anything, it’s not to underestimate the power of a holiday. Two weeks on the beach feels like a valuable reward after two years of mentally draining restrictions. It is not surprising that travel companies are reporting an uptick in the booking of ‘big’ holidays. Part of that, of course, is [...]
Restaurant groups suffer £673m in losses as bosses call for tax relief January 10, 2022 The country’s top restaurant groups saw losses skyrocket in a year, hitting £673m, as bosses have called for more cash to help ailing venues. The top 100 groups saw losses increase 174 per cent in the year to the end of September 2021, according to an analysis of company accounts by accountancy firm UHY Hacker [...]
Sunak: Britain poised to unlock well of untapped digital innovation January 9, 2022 BRITAIN is set to unleash a wave of economic growth by unlocking a well of untapped digital innovation, according to Chancellor Rishi Sunak. Fast growing startups and fintech firms are poised to propel the UK economy into a new digital age. “The digital economy… is a huge opportunity for us. We have one of the [...]