The Bank of England delayed its next interest-rate decision a week to Sept. 22 to allow a period of mourning after the death of Queen Elizabeth II.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Renewable and nuclear power suppliers will be asked to cut prices
Renewable and nuclear power generators will be asked to supply electricity well below current market rates through new contracts that critics said risked locking consumers in a bad deal.
Bank of England to lend UK energy companies as much as £40bn
The Bank of England will lend UK energy companies as much as £40bn to deal with soaring market prices amid fears of another wave of energy company collapses.
Rivian announce partnership to build in Europe with Mercedes
Rivian Automotive, the electric vehicle start-up backed by Amazon, has agreed to join forces with Mercedes-Benz and start building electric vans in Europe.
One in five hospitality firms ‘will go under’ without government support
Hospitality bosses are warning that one in five businesses in the sector will not survive the current crisis and that hundreds of thousands of people will be left without jobs unless government support is received.
The Restaurant Group sees first sign of customers curbing their appetites
Some consumers are starting to trim spending in restaurants as worries about the cost of living mount, according to the boss of the company behind the Wagamama and the Frankie & Benny’s chains.
How fortunate were we, to have experienced Queen Elizabeth’s reign?
How to live the ongoing legacy of Her Majesty Queen Elizabeth II
Lloyd’s of London to give staff a £2,500 helping hand ahead of winter
Lloyd’s of London is to give staff earning less than £75,000 per year a £2,500 one-off payment later this month to help with surging inflation.
Sterling plunges to lowest level against the US dollar since 1985
The British pound has hit its lowest level against the US dollar in almost four decades.
Heineken snaps up London craft brewer Beavertown
Beavertown has become the latest craft brewer to be swallowed up by the global drinks corporation Heineken after the brewer bought the 51% of the company it did not already own.
Government to launch campaign to encourage public to cut use of power
Ministers are drawing up plans for a public information campaign to encourage people to reduce energy use this winter amid fears that a price freeze will deter them from doing so.
Truss set to announce £150bn scheme to freeze energy bills for two years
Liz Truss will today announce a £150 billion package to freeze energy bills for up to two years as she ends the ban on fracking and gives the go-ahead for oil and gas drilling in the North Sea.
Chancellor Kwarteng summons bank chiefs for economy crisis talks
Kwasi Kwarteng will use his first morning as chancellor of the exchequer to meet the chief executives of Barclays, NatWest and other major high street banks
Holiday Inn hotels hit by cyber-attack
Holiday Inn owner, Intercontinental Hotels Group (IHG), has confirmed the company has been hit by a cyber-attack.
Jacob Rees-Mogg ‘honoured’ to be new business secretary at crucial time for UK business
Jacob Rees-Mogg was named the new Secretary of State for Business, Energy and Industrial Strategy (BEIS) following Liz Truss’ cabinet reshuffle last night.
