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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…

With inflation now at a 40 year high here are five ways strong businesses can withstand the rise

How long it remains elevated is anyone’s guess. But if high inflation does hang around, the impact on businesses will be severe. Rising costs can easily eat into companies’ profit… The post With inflation now at a 40 year high here are five ways strong businesses can withstand the rise appeared first on London Business…

Soaring petrol and food costs push inflation close to double digits

Rising food and petrol prices sent consumer price index (CPI) inflation to a fresh 40-year high of 9.4 per cent in June. The latest inflation rise was driven by the sharpest single month rise in petrol prices since at least 1989 and food price inflation, which hit a 13-year high of 9.8 per cent. More…

Cash boost for millions of workers as government backs new law to ensure all staff keep their tips

Millions of UK workers will be able take home more of their hard-earned cash under new legislation, backed by the government today (Friday 15 July), banning employers from withholding tips… The post Cash boost for millions of workers as government backs new law to ensure all staff keep their tips appeared first on London Business…

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.

A ‘fiscally responsible’ Prime Minister may be best for the UK in the long term

When a new Prime Minister is eventually in place, the reality for them and their Chancellor is likely to be very different to the euphoria surrounding the current leadership contest,… The post A ‘fiscally responsible’ Prime Minister may be best for the UK in the long term appeared first on London Business News | Londonlovesbusiness.com.

UK economy grows 0.5% in May but headwinds remain

UK GDP grew 0.5% in May after two months of contraction, according to official figures. Doctor visits and travel agent boom play a big part but retail a drag on… The post UK economy grows 0.5% in May but headwinds remain appeared first on London Business News | Londonlovesbusiness.com.

Aviva Investors expects central banks to concentrate on inflation threat despite recession risks

Aviva Investors, the global asset management arm of Aviva, expects global growth to slow to a below-trend pace over the next year and a half, with the risk of recession… The post Aviva Investors expects central banks to concentrate on inflation threat despite recession risks 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.

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