Businesses could ‘struggle to afford’ increase in living wage, experts warn November 27, 2023 Last week, the government announced that the National Living Wage will rise by almost 10 per cent next year, from £10.42 to £11.44 an hour.
COP28: Global climate investment must hit £3.5 trillion during ‘decisive decade’ November 26, 2023 Global climate investment needs to rise to $3.6tn by 2026, Allianz Trade has said, ahead of the COP28 environmental summit this week.
Ofgem’s energy price cap to increase by five per cent as rising costs drive up winter bills November 23, 2023 Ther chancellor's main proposal was £960m for a “green industries growth accelerator”, but falling short of the US's green deal.
Alarm over economy ‘slowing swiftly’ with manufacturing deteriorating to 2021 low November 22, 2023 Order books for manufacturing firms fell to their weakest level since early 2021, dampening hopes of a recovery in the sector.
Hospitality sector sees ‘worrying’ year as pub insolvencies jump 66 per cent November 20, 2023 The number of pub and bar insolvencies in the last year rose from 438 to 725, a "worrying sign," some industry officials say.
Homes close to new pylons to be offered £1,000 off bills a year November 19, 2023 Households closest to new pylons and electricity substations could receive up to £1,000 a year off their bills under plans being announced by Jeremy Hunt.
Firstgroup set for bumper results but Labour’s rail nationalisation policy a ‘threat’ to share price November 19, 2023 Transport giant Firstgroup is expecting bumper profits in its half year results this Thursday amid strong passenger volumes on bus and rail.
Even high-earners feeling the pinch: Over a quarter on £100K pay cheque to pay cheque November 17, 2023 Around one in four people earning a six-figure salary say they are living pay cheque to pay cheque, according to a survey. Some 26 per cent of people surveyed across the UK with an annual income of £100,000-plus said they had no money left at the end of the month, wealth manager RBC Brewin Dolphin [...]
London’s economy is a microcosm for our success but we’re ignoring ways to help it November 17, 2023 London’s West End is a microcosm of much of the wider economy: it has small independent businesses in sectors such as food, big high street chains in its bars and retail.
Octopus Energy ‘further deepens’ relationship with Tokyo Gas after £3bn investment November 17, 2023 Octopus Energy has today unveiled a £3bn fund dedicated to developing offshore wind assets through its generation arm.