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MPs want more government help for small businesses to cope with the ongoing cost of living crisis

As the government prepares to launch a new £3bn a year loan scheme for small and medium-sized businesses this week, a new survey of MPs commissioned by AAT (Association of… The post MPs want more government help for small businesses to cope with the ongoing cost of living crisis appeared first on London Business News…

Cost of living payments: why we need to start talking about larger families

Last week, over 8 million households received their first of two cost of living payments, a long overdue recognition by the government that, while the cost of living crisis is affecting us all, its impacts remain profoundly unequal. Households on means-tested benefits will receive £326 directly into their bank accounts, with a further payment of…

EY UK Future Consumer Index: Economic uncertainty is widening the gap between higher and lower income consumers

Inflationary pressures and economic uncertainty are widening the gap between low- and middle-income consumers, who are preparing to tighten their grip on their finances, and high-income consumers who are able… The post EY UK Future Consumer Index: Economic uncertainty is widening the gap between higher and lower income consumers appeared first on London Business News…

UK SMEs estimate cost of living crisis has already cost over £186,000 per company

Rising inflation has already cost UK SMEs an average £186,249 each according to a landmark nationwide survey released today by Fiverr. The study – conducted amongst 1,000 SME owners and… The post UK SMEs estimate cost of living crisis has already cost over £186,000 per company appeared first on London Business News | Londonlovesbusiness.com.

Cost of living causes two fifths to reduce or stop regularly saving

A new survey of 2,000 UK adults was conducted by WEALTH at work, a leading financial wellbeing and retirement specialist and looked at people’s savings habits. It revealed the importance… The post Cost of living causes two fifths to reduce or stop regularly saving appeared first on London Business News | Londonlovesbusiness.com.

More than half of employees are considering quitting over poor pay, as cost-of-living shows no sign of slowing down

More than half (54%) of employees would consider quitting a poor paying job to pursue a pay rise, with just under a quarter (21%) planning to leave within the next… The post More than half of employees are considering quitting over poor pay, as cost-of-living shows no sign of slowing down appeared first on London…

Sadiq Khan announces £2.3m for advice services to help Londoners deal with cost of living crisis

The Mayor of London, Sadiq Khan, has today announced that he will be investing £2.3m in vital advice services across the capital to help Londoners cope with the spiralling cost… The post Sadiq Khan announces £2.3m for advice services to help Londoners deal with cost of living crisis appeared first on London Business News |…

BoE warns UK to brace for ‘stronger or more persistent inflationary pressures than currently expected’

The Bank of England (BoE) has warned the UK to expect higher inflation with falling incomes for businesses and homes as an economic storm is coming. The BoE has blamed… The post BoE warns UK to brace for ‘stronger or more persistent inflationary pressures than currently expected’ appeared first on London Business News | Londonlovesbusiness.com.

Ipsos Political Monitor: Three in four Britons expect the economy to worsen in the next 12 months

The latest Ipsos Political Monitor, taken 22 to 29 June shows significant public concern at the potential for inflation to rise further amidst gloomy economic expectations. Inflation and cost of… The post Ipsos Political Monitor: Three in four Britons expect the economy to worsen in the next 12 months appeared first on London Business News…

Leading indicator of UK GDP growth shows key economic indicators flashing red, BCC warns

The British Chambers of Commerce (BCC’s) Quarterly Economic Survey (QES) for Q2 2022 – the UK’s largest independent survey of business sentiment and a leading indicator of UK GDP growth… The post Leading indicator of UK GDP growth shows key economic indicators flashing red, BCC warns appeared first on London Business News | Londonlovesbusiness.com.

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