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Business News

Government caps business energy bills

Wholesale energy prices for businesses will be capped at 'less than half' of the anticipated winter levels under the government's support package. The Energy Bill Relief Scheme will offer discounts…

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21/09/2022
Business News

Data finds late payments costing small businesses £684 million per year

Data published by Xero has revealed that late payments are costing UK small businesses £684 million each year. On average, UK small firms are paid 5.8 days late, Xero found.…

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20/09/2022
Business News

Prime Minister ‘considering scrapping sugar tax on soft drinks’

Prime Minister Liz Truss is reportedly considering scrapping the sugar tax on soft drinks to help ease the cost-of-living crisis. Chancellor Kwasi Kwarteng has reportedly asked health officials to review…

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16/09/2022
Business News

Wealthier households ‘set to receive twice as much cost-of-living support’

Think tank the Resolution Foundation has suggested that wealthier households in the UK will receive twice as much cost-of-living support than poorer households. The Resolution Foundation highlighted that government plans…

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15/09/2022
Business News

UK inflation falls slightly to 9.9% but remains close to 40-year high

The rate of Consumer Prices Index (CPI) inflation fell to 9.9% last month from 10.1% in July but remained close to the highest rate in 40 years, according to the…

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14/09/2022
Business News

HMRC makes cost-of-living payments totalling £375 million

More than 1.1 million families in the UK have received cost-of-living payments from HMRC. Between 2 September and 7 September, payments of £326 were made to eligible households. The payments…

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13/09/2022
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