Sainsbury’s injects £20m into boosting shop workers’ wages September 13, 2022 Sainsbury’s has said it will boost pay for its shop workers in London to £11.20 per hour, as well as offering employees free food amid the cost of living crisis. The supermarket said it was investing £25m into supporting its hourly paid workers, with some £20m being pumped into employees’ pay packets. Employees at Sainsbury’s [...]
The slow decline of British pubs is pulling apart our social fabric November 15, 2023 On top of the decline of libraries and community spaces, the dwindling number of pubs is another loss for the 'third space', writes Phoebe Arslanagic-Little.
Banks call for incentives to stabilise used electric vehicle market September 13, 2023 The expensive cost of buying an EV has been one the most significant barriers in holding back wider adoption, ahead of a looming 2030 ban on the sale of new petrol and diesel vehicles.
New law set to push the price of a pint above £7 across London June 4, 2024 Hard pressed punters could be set for another blow following reports that a new law coming into effect this October will see the price of a pint in London rise…again.
Energy giants hold their breath as Boris Johnson refuses to rule out windfall tax and Rishi Sunak starts examining profit levy May 12, 2022 Prime Minister Boris Johnson has refused to rule out a windfall tax on the profits of the energy companies to help relieve the pressure of the cost-of-living squeeze. Chancellor Rishi Sunak has reportedly told Treasury officials to examine plans for a levy on the soaring profits of the oil and gas giants. It follows an [...]
Credit insurer cover cuts leave retail sector reeling October 18, 2023 Credit Insurers have been dragged into the spotlight after it emerged that they have pulled cover on a host of some of the country’s biggest retailers over the past few months. Both Boohoo and Asos have been hit by insurers withdrawing cover on their transactions. Over the summer, it was revealed that Allianz Trade, formerly Euler [...]
Severn Trent’s turnover booms as it offers 90 per cent discounts on soaring bills November 22, 2022 Water firm Severn Trent had a spike in earnings and profits for the first half of the year, as it offers 90 per cent discounts to customers struggling with their bills. The London-listed utilities firm confirmed a 10.8 per cent increase in turnover from 2021 by up £103.6 million. The company also announced a near [...]
UK recession still on the cards after aggressive Bank of England interest rate hikes March 27, 2023 A recession is still on the cards in the UK despite the economy performing much better than experts predicted just a few months ago, new forecasts out today project. Higher interest rates and households responding to the cost of living crunch gripping their finances by trimming spending is tipped to push GDP 0.3 per cent [...]
Jet2 orders 35 Airbus planes for £3.4bn to meet travel demand October 18, 2022 Jet2 has ordered 35 A320 neo aircraft for $3.9bn (£3.4bn) from Airbus as it remains confident demand for package holidays will continue to surge over the next decade. The deal comes on the heels of Jet2 placing an order for 36 A321 neo last year – its first purchase from Airbus after years of loyalty [...]
Bank of England has lost the delicate touch monetary policy needs November 8, 2023 After decades of cheap debt, the swing towards high interest rates was a wrecking ball for monetary policy, writes Charles White Thomson