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Saturday, October 17, 2026

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New open banking-powered invoice financing service launched to support businesses during tough economic times

More UK small and medium-sized businesses (SMEs) will be able to get their invoices paid instantly, better manage their cashflow and improve their overall creditworthiness. The innovation has been made… The post New open banking-powered invoice financing service launched to support businesses during tough economic times appeared first on London Business News | Londonlovesbusiness.com.

Sunak spends £37bn on cost-of-living crisis, the same as all self-assessment income tax payments in 2021/22

The Chancellor Rishi Sunak has announced on Thursday that he will give 8 million households £650 towards their energy bills which does not have to be paid back. leading tax… The post Sunak spends £37bn on cost-of-living crisis, the same as all self-assessment income tax payments in 2021/22 appeared first on London Business News |…

Rising cost of living is causing a mental health crisis which is escalating

Once again this week’s headlines have been dominated by the latest inflation figures (reached a 40 year high of 9%) and the cost of living crisis. As the nation and… The post Rising cost of living is causing a mental health crisis which is escalating appeared first on London Business News | Londonlovesbusiness.com.

The price of petrol has now reached ‘another unfortunate landmark’ which is ‘contributing to the cost-of-living crisis’

Data firm Experian Catalist said the average price of a litre of petrol was 170.4p on Tuesday and diesel reached a high of 181.4p per litre. The price of petrol… The post The price of petrol has now reached ‘another unfortunate landmark’ which is ‘contributing to the cost-of-living crisis’ appeared first on London Business News…

Energy Price Cap: Further rises will make the cost of living crisis a catastrophe, GMB warns

GMB Union has warned that if the energy price cap rises to £2,800 as predicted on Tuesday by Ofgem chief, then it will turn a cost of living crisis into… The post Energy Price Cap: Further rises will make the cost of living crisis a catastrophe, GMB warns appeared first on London Business News |…

Nearly a quarter of young people forced to take on an additional job to make ends meet

Whilst the Government proudly talks about the current low level of unemployment, a survey by KIS Finance has found that over 22% of those aged 18 to 35 have been… The post Nearly a quarter of young people forced to take on an additional job to make ends meet appeared first on London Business News…

Tax receipts increase by 20% which should give the Chancellor the headroom he needs to help with the cost-of-living crisis

Government tax receipts have increased by 20% which should give the Chancellor, Rishi Sunak, the headroom he needs to help with the cost-of-living crisis and hold an emergency budget at… The post Tax receipts increase by 20% which should give the Chancellor the headroom he needs to help with the cost-of-living crisis appeared first on…

Divers face ‘more financial frustration’ as petrol and diesel prices continue to hit record highs

The Department for Business, Energy and Industrial Strategy (BEIS) has warned on Tuesday that the average price of a litre of petrol at UK forecourts was 167.7p on Monday, which… The post Divers face ‘more financial frustration’ as petrol and diesel prices continue to hit record highs appeared first on London Business News | Londonlovesbusiness.com.

‘The government needs to get a handle’ on the soaring cost of living as Police forces warn of ‘civil unrest’ over the summer

Police forces across the UK are preparing for “civil unrest” and the “government needs to get a handle” over the cost of living. The cost of living crisis which is… The post ‘The government needs to get a handle’ on the soaring cost of living as Police forces warn of ‘civil unrest’ over the summer…

Millions warned to expect the energy price cap to rise to ‘£2,800’ in October which has ‘not been seen since the 1970s’

MPs at the Business, Energy and Industrial Strategy Committee (BEIS) have been told shocking news today to expect an increase to the energy price cap in October to be “in… The post Millions warned to expect the energy price cap to rise to ‘£2,800’ in October which has ‘not been seen since the 1970s’ appeared…

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