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Cost of living crisis: MPs urged to ban ads for high cost debt

A high profile entrepreneur and FIRE campaigner who successfully fought the banks in court is now campaigning for major legal changes to the way finance is sold An entrepreneur who… The post Cost of living crisis: MPs urged to ban ads for high cost debt appeared first on London Business News | Londonlovesbusiness.com.

Bank of England warns that ‘UK is heading for a recession’ which will be a ‘pretty bleak winter of discontent’ for many

The Bank of England (BoE) has warned that the “UK is heading for a recession” as the annual heading rate of inflation is at 7%. By the autumn the BoE… The post Bank of England warns that ‘UK is heading for a recession’ which will be a ‘pretty bleak winter of discontent’ for many appeared…

Brexit is costing the UK £9bn a year meaning there is £173m a week less to spend on the NHS

Remember the Brexit bus promise: ‘We send the EU £350 million a week. Let’s fund our NHS instead. Vote leave’? The truth is that quitting the European Union (EU) means… The post Brexit is costing the UK £9bn a year meaning there is £173m a week less to spend on the NHS appeared first on…

The Chancellor could immediately help the cost-of-living crisis with a Budget

The Chancellor could immediately help the cost-of-living crisis with some quick fixes and a budget say leading tax and advisory firm Blick Rothenberg. Robert Pullen a partner at the firm… The post The Chancellor could immediately help the cost-of-living crisis with a Budget appeared first on London Business News | Londonlovesbusiness.com.

NASDAQ in bear market as gravity reasserts itself on growth stock valuations

This week has seen a renewed sell-off in global equities with much of the pain again felt by growth stocks. Here Jason Hollands, Managing Director of Bestinvest, the online investment… The post NASDAQ in bear market as gravity reasserts itself on growth stock valuations appeared first on London Business News | Londonlovesbusiness.com.

Brits are making cuts to their consumption of fuel, food, entertainment, borrowing and travel due to the cost-of-living crisis

Research by WPP media agency Mindshare UK indicates long-term economic change as depth of customer reaction to the cost of living is revealed. The study, Going for Broke?, part of… The post Brits are making cuts to their consumption of fuel, food, entertainment, borrowing and travel due to the cost-of-living crisis appeared first on London…

People will be looking at their payslips and wonder what’s happened to the amount they receive in their pocket

In the  next week, many people are going to be looking at their bank accounts and payslips and wondering what has happened to the amount they receive in their pocket… The post People will be looking at their payslips and wonder what’s happened to the amount they receive in their pocket appeared first on London…

Cost-of-living crisis means spending on seasonal events is likely to be impacted this year

Nearly half of shoppers with children at home claim they are already aiming to save money day-to-day so they can spend as much as they normally would this Christmas, according… The post Cost-of-living crisis means spending on seasonal events is likely to be impacted this year appeared first on London Business News | Londonlovesbusiness.com.

Interest rate rises and increased energy costs have hit companies’ bottom lines leaving 39% of firms insolvent

UK company insolvencies have jumped 39% in the last month with 2,114 businesses entering insolvency in March 2022, up from 1,517 in February says Mazars, the international audit, tax and… The post Interest rate rises and increased energy costs have hit companies’ bottom lines leaving 39% of firms insolvent appeared first on London Business News…

Shoppers spent more to buy less in March, as inflation and fuel costs soared

Today’s Office for National Statistics (ONS) retail sales figures for March make grim reading, says the home delivery expert ParcelHero. Retail sales tumbled -1.4% in volume against February’s figures, with… The post Shoppers spent more to buy less in March, as inflation and fuel costs soared appeared first on London Business News | Londonlovesbusiness.com.

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