Rees-Mogg says cutting taxes could reduce inflation in split with PM June 28, 2022 Jacob Rees-Mogg has said cutting taxes immediately may reduce inflation in comments that will put him in direct dispute with Boris Johnson and Rishi Sunak. The Brexit minister today said getting inflation under control “doesn’t necessarily mean tax increases – indeed it could mean tax cuts”. Johnson and Sunak have both said the UK cannot cut [...]
Incoming CMA chair warns job cuts could make it harder to take on cases that protect consumers from high prices June 28, 2022 The competition watchdog’s ability to get the best deal for British consumers could be endangered by job cuts, the government’s chosen candidate for chair of the body has warned. The government intends to slash 91,000 civil service jobs over the next three years, in an endeavour to bring headcount back to 2016 levels. Ministers’ preferred [...]
‘Real pay cut by 12 per cent’: Firefighters threaten to strike after angrily rejecting 2 per cent pay offer June 28, 2022 A firefighters’ union leader is warning of strikes after reacting angrily to a 2 per cent pay offer. The executive of the Fire Brigades Union (FBU) is recommending rejection of the offer, which it said is well below the soaring rate of inflation. Between 2009 and 2021, firefighters’ real pay has been cut by 12 [...]
Bulb Energy warns customers over extra charges ahead of painful price cap hike July 28, 2022 Customers of collapsed energy firm Bulb Energy have been warned they will face extra charges if they are unable to pay their bills.
Johnson threatens to ‘privatise the arse’ off Passport Office and DVLA April 26, 2022 Boris Johnson has threatened to “privatise the arse” off the Passport Office, Driver and Vehicle Licensing Agency (DVLA) and other under-performing public bodies. The Prime Minister told cabinet colleagues that he wanted to end the “post-Covid mañana culture” among arms-length public bodies, which now have huge backlogs, by increasing scrutiny. Senior government sources also say [...]
Superdry and Dr Martens shares tank on London exits and fears for the future April 16, 2024 Shares in Superdry tanked by over 33 per cent following an announcement by the company that it would bid adieu to the public market as part of a scramble to stay alive.
Chancerygate to plot £32m new industrial site near London June 6, 2022 One of the UK’s largest industrial developers Chancerygate has lined up a string of sites in Leatherhead for a £32m development, as the logistics sector looks set to become the country’s largest employer. A raft of property firms, including British Land, LondonMetric and BMO Commercial Property Trust have turned their focus to logistics real estate [...]
Petrol retailers could face fines if they fail to pass on fuel duty cuts to consumers May 19, 2022 Petrol retailers could be fined if they fail to pass on fuel duty cuts to customers, warned the Competition and Markets Authority.
Brits hit the shops: High street buoyed by Jubilee crowds June 6, 2022 The UK saw a football boost of 6.9 per cent over the long weekend, as Brits flocked to high streets to celebrate the Platinum Jubilee. Retail destinations across the country saw an uplift in crowds over the weekend, compared to the average for May 2022, according to BRC-Sensormatic IQ data. Thursday, the first bank holiday [...]
Pint at London pub surges past £8 price amid sky-high inflation June 4, 2022 The average price of a pint has surpassed £8 at one London pub, for the first time, as historic levels of inflation have forced landlords to up prices across the country. The price tag of a drink has soared over 70 per cent since the financial crisis of 2008, according to data from insights firm [...]