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Germany ranks as the worst G10 nation for real wage growth with UK sitting mid-table
The latest research by tax specialists, RIFT Tax Refunds, has revealed that while inflation is more than wiping out wage growth across the UK, there are no less than four… The post Germany ranks as the worst G10 nation for real wage growth with UK sitting mid-table appeared first on London Business News | Londonlovesbusiness.com.
Government needs to take action as 80% of UK drivers won’t buy electric vehicles due to rise in electricity costs
A staggering 80 percent of UK drivers won’t be purchasing electric vehicles (EVs) due to rising costs and lack of government support, according to research released today. The revealing statistics,… The post Government needs to take action as 80% of UK drivers won’t buy electric vehicles due to rise in electricity costs appeared first on
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…
The UK’s highest paying supermarket to give their workers another pay rise this year
Aldi is giving store colleagues in London a pay increase for the second time this year, maintaining its position as the UK’s best-paying supermarket. From September, all hourly paid colleagues… The post The UK’s highest paying supermarket to give their workers another pay rise this year appeared first on London Business News | Londonlovesbusiness.com.
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…
Trading platform Capital.com adds over 1 million users in Q2
The investing and trading platform Capital.com gave itself a big pat on the back today after adding more than one million new users during the second quarter of the year.… The post Trading platform Capital.com adds over 1 million users in Q2 appeared first on London Business News | Londonlovesbusiness.com.
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…
Value of total bank lending to UK businesses jumps £12bn in nine months following loans ‘drought’
The total value of lending to UK businesses has risen by £12bn to £533bn in the nine months to end May 2022 as banks increase their lending following a sharp… The post Value of total bank lending to UK businesses jumps £12bn in nine months following loans ‘drought’ appeared first on London Business News |…
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.