UK automotive industry takes another hit as new car registrations drop to worst June since 1996 July 5, 2022 Registrations of new cars fell by around 24 per cent last month compared with June 2021, according to preliminary figures from the Society of Motor Manufacturers and Traders (SMMT) this morning. This means the UK automotive industry suffered its worst June for new car sales since 1996. In fact, only around 800,000 new cars were [...]
Pets at Home slumps due to cost-of-living crisis biting into Britons’ pockets July 4, 2022 RBC analysts have downgraded Pets at Home’s recommendation to Underperform as concerns mount as the cost-of-living crisis bites into Britons’ pockets. The pet retailer’s shares today took an 8.32 per cent tumble – the biggest on the FTSE 250. Analysts explained that while the group maintains a prime position in the pet care market, its [...]
Johnson urges OPEC to boost oil production to ease cost-of-living crisis July 4, 2022 Prime Minister Boris Johnson has urged the world's largest oil cartel to produce more oil to drive down prices and alleviate the cost of living crisis,
Hospitality crisis: Fewer pubs in England and Wales than ever before with less than 40,000 for first time on record July 4, 2022 Fresh analysis that sheds light on the ruinous impact of the pandemic and soaring business costs shows this a.m. that there are fewer pubs in England and Wales than ever before. The total number of pubs dropped below 40,000 during the first half of 2022, a fall of more than 7,000 since a decade ago. [...]
Recruitment guru Paul Farrer warns employers half of all Brits are currently looking for a new job July 4, 2022 Sixty per cent of all workers are currently looking for a new job, with as many as just under half of them searching for a new role due to the cost of living crisis. That is the warning from Paul Farrer, the founder and chairman of recruitment giant Aspire. According to research carried out by [...]
Backing fracking? Landmark report could resurrect lost industry this week July 3, 2022 The revival of domestic fracking could be finalised this week, as Downing Street scrambles to boost domestic energy supplies.
Businesses exposed to deepening energy crisis warns Cornwall Insight July 3, 2022 The "cost of living crisis" could escalate to a "cost of doing business" crisis this winter, warned energy specialist Cornwall Insight.
Energy firms warned by watchdog to improve record low customer service standards July 3, 2022 Citizens Advice has called on energy firms to improve their customer service levels ahead of expected rises in the price cap and the cold winter months.
Education union threatens teacher strike unless ‘inflation plus’ pay increase secured July 1, 2022 An education union has rejected a nine per cent pay increase for new teachers as inadequate and threatened to strike if a better offer is not made. The joint general secretaries of the National Education Union (NEU) wrote to the secretary of state Nadhim Zahawi asking him to address the “ profound crisis” in the [...]
Taxpayers to foot extra £27.3m bill for Royal Family even as cost of living soars July 1, 2022 UK taxpayers will pay an extra £27.3m over the next two years for the Royal Family even as a cost of living crisis grips the country. The additional amount is to help the Royal Family meet expenses after a drop in profits at the Crown Estate, Bloomberg reported on Thursday. The Royals spent £102.4m in [...]