Letters: UK Hospitality says VATsEnough October 8, 2021 [Re: Boris Johnson expected to reveal ‘national living wage’ hike, Wednesday]Hospitality businesses are being battered by a perfect storm of labour shortages, disruption to supply and escalating food and utility costs. Margins are being squeezed as they try to rebuild. Contrary to some perceptions, wages in hospitality have increased steadily, by approximately 20 per cent [...]
Coffee Wars: Inside the race to become London’s number one chain June 1, 2024 Coffee has played a vital role in reviving Brits for centuries. Despite feeling like a relatively new phenomenon, the first record of a coffee house in England dates back to 1652 and was said to be opened by a Turkish Man named Jacob in Oxfordshire.
Prices of Uber rides climb as app seeks more drivers August 30, 2021 Uber rides have become more costly for consumers as the app has struggled to recruit enough drivers to match increasing demand. The average cost of a journey via the ride-hailing platform has risen by a third since April, from £9 to around £12, according to figures from market research company Edison. While the number of [...]
Budget: Hunt considering pension changes to encourage over 50s back to work March 14, 2023 The Chancellor is understood to be looking at increasing the pension lifetime allowance (LTA) in a move that is being interpreted as attempting to reverse the trend of early retirements. The PA news agency understands Jeremy Hunt is considering allowing workers to put more money into their pension pot before being taxed as part of [...]
Pizza Express and IHG back calls for VAT freeze October 24, 2021 More than 200 hospitality bosses have called on the Chancellor to freeze VAT for the sector at 12.5 per cent. CEOs of big names including Stonegate, Pizza Express and IHG Hotels, have urged Rishi Sunak to announce a permanent reduced rate on the Budget on October 27. They said businesses need more support to fully [...]
Millions of workers set to benefit as UK hikes minimum wage April 1, 2021 Around 2m of the UK’s lowest-paid workers will receive a “well-earned” pay rise from today following increases in statutory minimum wages. Workers are being urged to check their pay packets as the National Living Wage rises by 2.2 per cent to £8.91, the equivalent of more than £345 a year for a full-time employee. It [...]
D-Day for Rishi Sunak: What do City insiders expect from the Autumn Budget? October 27, 2021 In today’s Autumn Budget, Chancellor Rishi Sunak will outline how he plans to “drive growth while keeping the public finances on a sustainable path”. City A.M. checked in with a number of Square Mile professionals this morning to see what they hope or expect the Budget will bring today. VAT Yesterday the news broke that there will [...]
A new tax year has started, here’s what you should be doing April 5, 2023 Savers have welcomed in a new tax year, starting Thursday 6 April. These include putting savings into tax free accounts such as Isas; the annual contributions limit for Isas will remain frozen in the 2023/24 tax year, from April 6, at £20,000. Sarah Coles, head of personal finance at financial services provider Hargreaves Lansdown, said: [...]
All public sector workers to get pay rise after partial 2021 wage freeze October 25, 2021 Millions of public sector workers are set to get a pay rise in this week’s Budget as the UK faces increasing inflation growth. The Treasury tonight said the size of the wage increase will be determined next year after it has been given recommendations from pay review bodies. Rishi Sunak froze pay for all public [...]
Uber strikes deal with GMB union over driver representation May 26, 2021 Union GMB will now represent Uber drivers after striking a deal with the ride-hailing firm, it was announced this evening. The firm’s 70,000 drivers will now be able to choose to be represented by the union if they wish, in a first for the sector. The deal comes months after Uber said it would treat [...]