Power and gas prices for Britain this winter hit new record highs yesterday as Europe’s energy crisis deepened, threatening to push annual household bills to £5,500 next year.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
Six Scottish startups showcased at Virgin Hotels Edinburgh
Six Scottish start-up businesses have secured a place in The Curiosity Shop, a new space at Virgin Hotels Edinburgh, dedicated to showcasing sustainable Scottish businesses.
Google searches for solar panels increase by 300 per cent as cost of living and energy crises hit
Google searches for solar panels have rocketed by more than 300 per cent this year, with the cost of living and energy crises hitting hard.
UK launches post-Brexit trade scheme for 65 developing countries extending tariff cuts
The UK has launched its post-Brexit scheme to support trade with developing countries, extending tariff cuts to hundreds of products.
Hospitality firms plead for energy bill support to survive ‘dire’ situation worse than pandemic
A host of hospitality and small business bodies yesterday warned that many pubs, restaurants and hotels will not survive the “onslaught” of higher energy costs in the coming months.
Economists forecast another 0.5-point rate rise next month
The Bank of England will announce another interest rate rise of half a percentage point next month and inflation will peak at 11.4 per cent this year, experts have predicted.
Nearly 100 new businesses are being created every hour, new data shows
More than 90 new businesses were created every hour in the UK in the first half of this year, analysis of Companies House data has found.
Workers going into office 1.5 days a week, survey suggests
UK workers are going into the office an average of 1.5 days a week, with only 13% coming in on a Friday, a survey suggests.
Rail fares in England to rise below inflation rate, ministers say
Regulated train fares in England will rise below the rate of inflation next year to help people with the cost of living crisis, the government has said.
Amazon could avoid UK tax for two more years thanks to new tax break
Amazon could be off the hook for tax in the UK for at least two more years after benefiting from reliefs brought in by Rishi Sunak during the pandemic, a report suggests.
UK house prices fall by £5,000 in August
The average price of homes coming on the market have fallen for the first time this year, dropping by nearly £5,000 during August, according to Rightmove.
Salaries rising as bosses struggle to find new staff
The UK’s hiring boom is set to continue into the next quarter with nearly three in four employers planning to take on more staff, but it will soon reach its peak, the Chartered Institute of Personnel and Development is predicting.
UK’s trade deficit widens to record £27.9bn as business with Russia reaches historic low
New data showed this morning that UK’s trade deficit in goods and services widens again in Q2 to a record £27.9bn.
John Lewis to end ‘never knowingly undersold’ era on 22 August
John Lewis is to retire its 97-year-old price pledge “never knowingly undersold” on 22 August but has yet to reveal a catchy new slogan to take its place.
Biggest UK fall in real wages for 100 years looms
Pay rises could fall behind inflation by almost 8% later this year, marking the biggest fall in real wages for 100 years, according to analysis by the TUC.
