Nightclubs face higher business rates next year in latest ‘hammer blow’ for the sector December 12, 2022 Press Association Nightclubs across the UK face higher property taxes next year in the latest “hammer blow” for the sector, according to new data. The new business rates rules unveiled in last month’s budget handed many high street firms lower tax bills from April next year. Pubs and high street shops are among those due to [...]
Pubs optimistic ahead of England v France tonight as World Cup proves ‘shining light’ this winter December 10, 2022 Publicans will be eagerly hoping for extra time at the England v France match this evening, when venues will be hosting “one of the biggest nights of the year.” With the Three Lions set to take on the tournament’s quarter final this weekend, pub and bar bosses have said the game will draw in huge [...]
Regime shift: investing into the new era December 9, 2022 As this economic cycle ends, we shouldn’t expect to see the patterns of the past decade repeated. A new regime in policy and market behaviour is unfolding which investors need to understand if they are to find the best opportunities and safeguard their portfolios. The re-opening of economies after Covid sparked a phenomenon investors have [...]
Putin’s war with Ukraine is unwinnable but as a leader, he cannot afford to lose December 8, 2022 Ten months into Russia’s invasion of Ukraine one simple fact has become abundantly clear: set against its original goal to completely conquer Ukraine, Moscow cannot win the war but neither can Putin afford to lose it. Ukraine has fought heroically to repulse the original Russian invasion and to push back Putin’s forces. But, for all [...]
Letters: A new look at supply chains December 8, 2022 [Re: UK business fear supply chain chaos will ruin Christmas trading, December 5] In the last week, City AM has run several stories on the continuing chaos engulfing global supply chains and the industries this is affecting. The articles rightly identify problems such as key materials shortages, a shrinking labour market, and rising energy costs, [...]
Moonpig customers purchasing cheaper gifts and ‘hesitating’ due to Royal Mail strikes December 7, 2022 Shoppers hunting for birthday and anniversary presents are forking out for cheaper options and hesitating to send cards due to postie walk-outs, Moonpig’s boss has said. Ongoing disruption from Royal Mail strike days was “clearly not helpful” to the greetings cards business, CEO Nickyl Raithatha told CityA.M., as customers expected deliveries on specific days. Customers [...]
Sunak convinces US to double its gas exports to UK to slow sky-high energy bills December 7, 2022 Under fresh plans to clamp down on the rising cost of living across the UK, the government has convinced the Biden administration to double US gas exports to Britain. Prime Minister Rishi Sunak pledged that the new partnership to boost energy security, efficiency and affordability will cut prices for Britons and ensure the UK’s national [...]
Two in five small theatres could close this Christmas following sales slump December 6, 2022 Two in five small theatres in the UK could face closure as energy costs soar and Christmas sales tank. According to a new study by GoDaddy and the Society of Independent Theatres, three quarters of independent theatres – those with fewer than 300 seats – say their ticket sales have still not returned to pre-Covid [...]
British farmers warn UK is ‘sleepwalking into crisis as food is under threat’ December 6, 2022 Britain’s union for farmers and growers has warned the UK is “sleepwalking” into a food supply crisis, Ahead of an emergency press conference later today, the National Farmers Union (NFU) said the Government needed to step in to assist primary producers under severe strain from soaring fuel, fertiliser and feed costs. Union president Minette Batters [...]
You Should Lay The Groundwork For Your 2023 Pay Rise Now December 5, 2022 There is no doubt it has been a tough year for many people. Inflation has skyrocketed, prices have risen across the board, with energy costs coming under particular scrutiny. Confirming the pressure many feel is the Bank of England’s just-released biannual household survey. The bank indicates that prices for consumers have increased by around 11% [...]