Outgoing UK Prime Minister Boris Johnson announced that the government will invest £ 700 million in the construction of the new Sizewell C nuclear power plant. British energy needs.more
Households across Britain will be hit by a “winter like never before” with people going hungry and cold unless the Government acts swiftly, an energy chief warned on Thursday.more
Pubs across the UK will be forced to close due to energy costs soaring by as much as 300%, brewery bosses warned.
Leaders of six of the country's largest breweries called on the government for "immediate government intervention" on sky-high energy bills this winter.more
At the beginning of the fourth quarter of this year. Great Britain's economy will enter a recession due to high inflation - forecasts Goldman Sachs. It added that the Bank of England will probably raise interest rates by 50 bp in September. GDP growth in 2023 may be negative and will amount to -0.6%.more
Brits are to have a more considered approach to Christmas shopping this year as inflation takes it toll on spending, placing more emphasis on value and meaningful gifting.
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Shoppers may not be able to get the Christmas goods they want if disruption at the Port of Felixstowe rumbles on into next month, supply chain experts have warned.
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The British are facing a record number of 80 percent increase in energy prices. From October 1, average bills will increase from £ 1,971 to £ 3,549 per year, Ofgem, energy regulator, announced today.more
Small businesses are starting to brace for a steep rise in redundancies, a law firm has warned, amid double-digit inflation and a looming recession. more
Nearly a third of UK households have found it difficult to pay their energy bills in the past three months, according to a survey released yesterday. Meanwhile, according to forecasts, bills will increase by 80 percent from October.more
The Communication Workers Union (CWU) said its members are taking industrial action for a “dignified, proper pay rise” after they voted in favour by 97.6% in a ballot.
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Workers in Britain's busiest container port, Felixstowe, began an eight-day strike this morning, demanding pay rises. 48 percent passes through Felixstowe. of containers arriving in the UK.more
The city watchdog has informed buy now, pay later firms such as Klarna and Clearpay that it has seen online ads and posts by social media influencers that break rules by not warning of risks such as taking on unaffordable debt.
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The Tesco Ireland Group will spend EUR 50 million this year on the modernization of stores and the opening of new outlets on the Green Island. It is believed that it will have 165 branches by the end of the year.more
New investors have created a copy of the Starbucks coffee shop chain, which today launched in Moscow under the English-language name Stars Coffee. Its logo depicts the distinctive mermaid from the US original, but wearing the traditional Russian headgear - the cookoosh. Starbucks closed its coffee shops in Russia in May in response to the Russian invasion of Ukraine.more
Calls for immediate government intervention are becoming urgent, as more and more UK businesses are having to shut down over the cost of living crisis.
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The high street building society is the latest employer to offer its workers a cost of living support payment as families struggle with high bills.more
The UK's largest gas storage facility, which has not been used for this purpose since 2017, has been re-approved for use by security inspectors, which will allow it to begin stockpiling for the winter, the Daily Telegraph reported.more
