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
Water troubles are not only dry taps, but also more expensive food and electricity problems. These are scenarios that are becoming more and more real - reports "Rzeczpospolita" today.more
Business closures are on the rise in the Netherlands, reports the Dutch Bureau of Statistics (CBS). In the first six months of this year, 76,000 businesses were closed, the highest number in fifteen years.more
The energy market regulator - Ofgem - appealed to the inhabitants of the Islands not to take part in civil disobedience related to non-payment of bills. As he pointed out, those who decide to do so "will only worsen their own situation".more
In an era of inflation reaching 15.5 per cent, more and more companies are trying to write indexation clauses into their contracts with contractors and ordinary customers. These are intended to protect their salaries from a fall in value, reports today's "Rzeczpospolita".more
Some sanctioned Russian oligarchs close to President Vladimir Putin are exploiting a UK loophole by setting up companies that do not have to disclose their true owners, according to an investigation by the BBC and the website Finance Uncovered.more
