Government steps in with six month emergency package for businesses September 21, 2022 British businesses will be provided with a six-month emergency package of support to help them pay their energy bills this winter.
Government unveils energy support package to ‘stop businesses collapsing’ September 21, 2022 Firms have been given a boost in dealing with the energy crisis through a government discount, with the chancellor saying it “stepped in to stop businesses collapsing”. Plans were unveiled this morning, cutting prices for non-domestic energy customers, while suppliers will reduce wholesale costs to help families. The measures, announced by the department for Department [...]
We’re hardwired to accept bumper salaries for sports stars but not our City bankers September 21, 2022 In a bid to prove her free market credentials – and those of her chancellor – Liz Truss has widely trailed the idea of lifting the cap on bankers’ bonuses. Cue outrage from the usual quarters. At the same time, there was another headline in the Guardian on remuneration which might be thought would cause [...]
More sectors flash recession warning amid spending cooldown September 21, 2022 More sectors of the UK economy are flashing recession signals caused by consumers cutting spending in response to surging prices, a fresh survey published today reveals. Some 11 sectors out of the 14 tracked by Lloyds Bank recorded a slump in both demand and output last month. It is the fourth month in a row [...]
G20 nations are not cutting emissions fast enough to meet climate goals September 20, 2022 No country in the G20 is decarbonising quickly enough to maintain a safe climate, according to new analysis from PWC.
German business costs accelerate at quickest pace on record September 20, 2022 German business costs have soared at the fastest rate ever in a sign that more financial woe is set to be heaped on consumers. Input prices, known as the producer price index, surged 45.8 per cent last month, according to Germany’s statistics agency. The record jump was driven by a near tripling in electricity prices. [...]
Exclusive: ‘Covid papered over many cracks which gave firms a false positive’, warns Leonard Curtis CEO September 20, 2022 City A.M. reported recently that millions of people across the UK are now struggling to make ends meet, with only one in ten saying they don’t have any financial concerns. And it’s not just individuals that are struggling: Rising bills are the biggest worry for UK businesses, with many concerned about the spiralling cost of [...]
Fuller’s sales above pre-covid levels amid concern over ‘unsustainable rise’ in energy costs September 20, 2022 Pub chain Fuller’s brought its sales back above pre-pandemic levels but has warned the energy crisis could give it bills of £18m. The company announced its sales in the first half of the financial year were three per cent up on the pandemic, and 50 per cent up on the same period last year. However, [...]
As politics resumes, a cold winter is closing in on Truss’ free market plans September 20, 2022 We face an autumn and winter of difficult political circumstances, it will take all the new prime minister’s deftness and agility to find a way through.
Countries must work together more to meet climate goals, warns IEA September 20, 2022 Global net zero carbon targets could be delayed by decades without more collaboration between countries, warned the IEA.