UK households face biggest decline in available cash for eight years January 12, 2022 UK households are feeling the pinch as energy bills soar, the cost of living rises and Covid-19 restrictions continue to impact business.
Plan B curbs deliver chilling blow to London business confidence January 12, 2022 The chilling impact on the UK economy inflicted by the reimposition of Covid-19 restrictions has whacked business optimism in London, reveals a new study released today. A sharp hit to consumer confidence from plan B measures to curb the spread of Omicron has weakened the trading environment for the capital’s businesses, leaving them sweating over [...]
UK economy to shrug off Omicron quickly but lean into inflation blizzard January 11, 2022 The UK economy will shrug off the impact of the Omicron variant quickly, but will then fall into an inflation blizzard, top City economists have bet. Despite widespread concerns the new strain would plunge the economy back into doldrums seen during previous periods of high virus cases, the impact of the Omicron variant will be [...]
OECD inflation scales to 25-year high as cost of living crisis sweeps across rich nations January 11, 2022 Inflation among the world’s top economies has soared to its highest level in 25 years, according to fresh figures released yesterday. The cost of living scaled to 5.8 per cent in November on an annual basis across countries that make up the Organisations for Economic Co-operation and Development (OECD). Inflation was driven higher by a [...]
Bulb Energy unable to hedge against rising wholesale prices due to credit issues, says administrator report January 11, 2022 Bulb Energy dropped into administration because it was unable to hedge effectively against surging wholesale energy prices.
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.
GMB Union hammers Centrica for appointing former energy minister Amber Rudd to its board January 10, 2022 GMB Union has slammed Amber Rudd’s appointment to Centrica’s board, describing her as “the wrong person at the wrong time”.
Number 10 calls for ‘restraint’ on MPs pay rise in face of planned £2,000 increase January 10, 2022 Downing Street has today called on parliament’s standards body to “show restraint” and not give MPs a large pay rise in April given the current cost of living crunch faced by families. The Independent Parliamentary Standards Authority (IPSA) is set to increase MPs’ pay by £2,000 on 1 April in line with public sector pay [...]
Three in four small business owners worried about rising inflation this year January 10, 2022 71 per cent of UK small business owners are concerned about rising inflation, according to new analysis from Iwoca.