Liz Truss is expected to unveil a vast support package to deal with surging energy costs, with her team discussing plans for a gas and electricity price freeze with industry leaders.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Half of UK SMEs have had loan application rejected in past year
Half of UK SME’s have had an application for a loan rejected in the past year with one in ten owners remortgaging their homes to keep trading, new research suggests.
Oxford University shuts down its incubator for start-ups
Oxford University’s start-up incubator, opened by the Apple chief executive Tim Cook, has closed its doors to students after only five years and even though it received £3.2 million in launch funding.
Britain’s technology infrastructure in focus amid fears of winter power cuts
The resilience of Britain’s technology infrastructure is under scrutiny because of fears of winter blackouts and the impact of the soaring cost of energy.
Flexi time used by staff to skive off, says possible new business minister Rees-Mogg
Jacob Rees-Mogg has accused civil servants of using flexible working to skive off as he demands an audit of the practice across Whitehall.
Britain leaves lockdown lifestyle as sales of luxury goods rise
They were some of the staples of the pandemic years. But now velour tracksuits, jigsaw puzzles and wall-mounted desks have fallen out of favour with British shoppers, as they put the lockdown lifestyle behind them.
Energy UK backs scheme to cut profits from renewable generators
Energy UK has called for nuclear plants and electricity generators to ditch their lucrative renewable obligation certificates (ROC) in favour of long-term deals with lower returns.
OnlyFans profits boom as users spent $4.8bn on platform last year
OnlyFans has paid out more than $500m (£433m) to its reclusive owner in the last two years, as the British-based subscriber platform synonymous with pornography reported record profits.
HMRC issues winding up petition against PPE firm linked to Tory peer Mone
A company linked to the Conservative peer Michelle Mone that was awarded £203m worth of government PPE contracts during the pandemic has been issued with a winding up petition, apparently for unpaid taxes.
Sun and strikes deter high street shoppers
Visits to the high street remained 13.6 per cent below pre-pandemic levels last month as hot weather and rail strikes took their toll.
We won’t pay, insist 1.7m planning to stop energy direct debits
More than 1.7 million households plan to stop their energy direct debits next month when the latest price rise comes into effect, research published today suggests.
Zahawi plans Covid-style tax breaks for firms facing ruin due to rising energy costs
Nadhim Zahawi has drawn up plans for a multibillion-pound package of tax cuts to help businesses facing bankruptcy because of rising energy costs.
Boris Johnson promises £700m for Sizewell C nuclear plant
Boris Johnson took a swipe at Liz Truss over fracking as he committed £700 million to build a nuclear power plant in Suffolk.
Brewdog to shut six bars as its CEO launches scathing attack on ‘zombie government’
Pub chain BrewDog will close six outlets across the UK as its CEO launched a scathing attack on the “zombie government’s” lack of support for the industry amid soaring energy costs.
Wholesale gas prices fall as Europe’s plan to avert winter energy crisis takes shape
Wholesale gas prices have tumbled amid signs that European leaders’ plans to avert a winter energy crisis are taking shape.
