The head of the Confederation of British Industry has warned on Thursday that Brits should brace for high energy bills for the next “two or three years.” The Director-General of… The post Brits warned to expect ‘two or three years worth of very high energy bills’ as this is not a ‘one off’ appeared first…
The Chancellor Rishi Sunak set out plans on Thursday to take the “sting out” of the £693 rise on household energy bills. The Chancellor announced that all households will be… The post Chancellor accused of taking ‘socialist approach’ to easing the soaring energy bills crisis appeared first on London Business News | Londonlovesbusiness.com.
The Bank of England raised rates to 0.5% in a surprise move on Thursday, but they also warned that inflation will hit 7.25% in April which will mark a 30-year… The post Bank of England warns inflation to hit 7.25% in April which will mark a 30 high for inflation appeared first on London Business…
Responding to the news that the Government has launched new support measures to mitigate the impacts of rising energy bills for households and the Bank of England’s Monetary Policy Committee… The post Small firms left out in the cold from energy support measures, as 0.5% base rate hits appeared first on London Business News |…
The Prime Minister had promised Brits that once the UK has left the Bloc there will be cheaper gas bills after Brexit. Today millions of families are now facing soaring… The post Boris did promise cheaper gas and to scrap the ‘damaging tax’ after Brexit which has turned out to be ‘fantasy’ appeared first on…
Research by KIS Finance has revealed that as a direct result of the rising cost of living, 57% of people are either already struggling financially, or expect to do so… The post As interest rates set to rise, 57% are experiencing financial difficulties as the cost of living soars appeared first on London Business News…
Analysis released today by Citizens Advice shows the struggle that many people, particularly single-parent families, have with debt as the cost of living crisis begins to bite. Citizens Advice’s figures show that around 280,000 people in England and Wales sought one-to-one help with debt in 2021, with many more using its website. Of those, almost…
Despite confidence beginning to return to the contractor market, recently enforced IR35 reform in the private sector is seen by the majority of contractors as the biggest threat to their… The post IR35 seen as ‘biggest threat’ to £300bn contracting sector in 2022 appeared first on London Business News | Londonlovesbusiness.com.
The Department for Work & Pensions (DWP) estimates it has underpaid 134,000 pensioners, mostly women, over £1 billion of their State Pension entitlement, with some of the errors dating as far back as 1985. In January 2021, DWP started an official exercise to correct the errors, the ninth such exercise since 2018. The errors –…
Whether it’s spending money on the big food shop or treating yourself to a cinema trip, disposable income is important in allowing us to relax and enjoy life’s pleasures outside… The post Brits would be taking home £25k more each year if salaries increased in line with inflation from 1987 appeared first on London Business…
