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Interest rate hike ‘will increase pressure on small firms with debt’ as ‘more than a million small businesses took out loans’

The Bank of England’s Monetary Policy Committee (MPC) has set monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At… The post Interest rate hike ‘will increase pressure on small firms with debt’ as ‘more than a million small businesses took out loans’ appeared first…

Calls for the government to delay the planned increase in National Insurance following Plan B

The Association of Independent Professionals and the Self Employed (IPSE) has responded to the rising infection rate of the Omicron variant by warning that unless the government offers support to… The post Calls for the government to delay the planned increase in National Insurance following Plan B appeared first on London Business News | Londonlovesbusiness.com.

Unions warns of job crises if the government does not sort ‘a package of support for hospitality workers today’

Unions are calling on the government for immediate support for those who work in the hospitality sectors as they have waned of a “jobs crisis.” Pubs and restaurants across the… The post Unions warns of job crises if the government does not sort ‘a package of support for hospitality workers today’ appeared first on London…

Blow to Boeing as Qantas to switch domestic fleet to Airbus

Australian airline giant Qantas expects to make a loss of more than A$1.1bn (£590m; $788m) in the first half of its financial year. It also  announced that it will switch its… The post Blow to Boeing as Qantas to switch domestic fleet to Airbus appeared first on London Business News | Londonlovesbusiness.com.

Queen cancels Christmas lunch as it ‘could put too many people’s Christmas arrangements at risk if it went ahead’

Her Majesty the Queen has cancelled her traditional pre-Christmas family lunch as she “feels it is the right thing to do” as Omicron cases are surging in the UK. A… The post Queen cancels Christmas lunch as it ‘could put too many people’s Christmas arrangements at risk if it went ahead’ appeared first on London…

The new Omicron variant is ‘not more dangerous than Delta’ Professor Whitty confirms

England’s chief medical officer Professor Chris Whitty has told MPs during a select committee hearing that “Omicron is not more dangerous than Delta.” He told MPs during a select committee… The post The new Omicron variant is ‘not more dangerous than Delta’ Professor Whitty confirms appeared first on London Business News | Londonlovesbusiness.com.

Changes to London congestion charges you need to know about

After an extensive public consultation, a number of changes to the Congestion Charge have been announced. Transport for London (TfL) introduced temporary changes to the Congestion Charge in 2020 as… The post Changes to London congestion charges you need to know about appeared first on London Business News | Londonlovesbusiness.com.

Tory MP slams Whitty for urging ‘the public to cut back on socialising this Christmas’ amid Omicron spread

A Tory MP has suggested that Professor Chris Whitty should not give advice to the public over their social plans ahead of elected government officials. On Wednesday Professor Chris Whitty,… The post Tory MP slams Whitty for urging ‘the public to cut back on socialising this Christmas’ amid Omicron spread appeared first on London Business…

Is the Santa Rally finally here?

Is the Santa Rally finally here? Markets certainly seem to have a spring in their step, with the major indices across Europe, Asia and the US all pushing forward. The… The post Is the Santa Rally finally here? appeared first on London Business News | Londonlovesbusiness.com.

Hospitality sector has lost £2bn as it’s been thrown into a ‘zombie world’ and ‘where is the Chancellor of the Exchequer?’

UKHospitality boss Kate Nicholls has made a plea to the government for business rates relief and for VAT discounts to be extended. The hospitality sector has been battered by the… The post Hospitality sector has lost £2bn as it’s been thrown into a ‘zombie world’ and ‘where is the Chancellor of the Exchequer?’ appeared first…

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