Fuel crisis continues as diesel hits record 150p milestone at the pumps November 15, 2021 The average price of diesel is more than £1.50 a litre for the first time ever, according RAC’s Fuel Watch data. Diesel prices rose to 150.50p during the weekend, while unleaded petrol soared to 146.53p, with motorists suffering record charges at the pumps for three consecutive weeks. The cost of filling up a 55-litre petrol [...]
Inside Westminster’s war with the FCA May 9, 2024 The relationship between the Financial Conduct Authority and the government has been fractious in recent years. Charlie Conchie takes a look at why Westminster went to war with the regulator
Brits’ optimism tumbles to new depths, below financial crisis and Covid-19 lockdowns May 20, 2022 Rampant inflation, tax hikes, swelling food and energy bills and the Russia-Ukraine war has sent Brits’ optimism to its lowest level ever, reveals a closely watched survey published today. UK households are now even more pessimistic than they were when the world was in the teeth of the global financial crisis in 2008 and during [...]
Exclusive: Seven Dials Market boss says ‘Brexit means we are short-staffed for every shift, every day’ October 27, 2022 Brexit has “absolutely screwed” the food industry after it “ripped away” its labour source, according to the boss behind the West End’s popular Seven Dials Market. Businesses at the food and drink destination are facing staff shortages “for every single shift, every single day,” Simon Mitchell, who heads the street food market operator Kerb, exclusively [...]
UK bans export of luxury goods to Russia and introduces hiked import tariffs March 15, 2022 The UK has banned the export of luxury goods to Russia, including designer handbags and works of art. The Chancellor also outlined new import tariffs that will represent a 35 percentage point increase on current rates. The fresh tariffs will hit products like Russian vodka, fertiliser and steel. Products no longer allowed to be exported [...]
Lettuce remember: One year on from Liz Truss’ disastrous mini-budget September 22, 2023 One year on from the mini-budget, City A.M. takes a look at the fallout and asks whether Truss still has the ability to influence the Conservative Party going forward.
Budget 2021: Steel sector bemoans “missed opportunity” as energy costs continue to rise October 27, 2021 The Budget was a “missed opportunity” for the country’s steel sector, argues the UK Steel and Community Union. The organisation has criticised Chancellor Rishi Sunak, believing he has left the steel sector “high and dry” by the lack of action on electricity prices and its failure to set out a clear plan for decarbonising UK steel production. [...]
Budget 2021: Alcohol duty to be overhauled as spirit duty hike cancelled October 27, 2021 Chancellor Rishi Sunak has set out a five-step plan to overhaul alcohol duty, speaking at the Budget. The current system is “outdated, complex and full of historical anomalies”. The number of main duty rates will be cut from 15 to six with an aim to “end the era of cheap, high-strength drinks.” Drinks are to [...]
Energy boss: Millions will suffer without more support for rising bills this winter August 23, 2022 Households will be unable to cope with a huge spike in energy bills this winter unless the Government steps in argued So Energy boss Simon Oscroft.
Businesses face being hit by £2.4bn national insurance ‘tax bombshell’, Lib Dems warn October 25, 2021 The Government is creating a “tax bombshell” for small and medium-sized businesses by raising national insurance, the Liberal Democrats warned. Research commissioned by the party said businesses with fewer than 250 employees would pay an extra £2.4bn a year due to the 1.25 per cent rise in national insurance (NI) announced by Boris Johnson in [...]