Ofcom investigating BT for failure to provide customers with ‘clear and simple’ contracts January 23, 2023 The telecoms regulator Ofcom has opened an investigation into BT over its compliance with an obligation to provide customers with clear and simple contract information before they sign up to a new deal, the regulator has announced. Telecoms providers have been required to give customers contract information and a short – usually one-page – summary [...]
Have You Heard About The Rise Of Job Boomeranging? January 23, 2023 The term relates to the concept of a former employee bouncing back to a company they once worked for, but left for pastures new.
Veganuary: New £240m fake meat fund looks to disrupt and decarbonise the food industry January 23, 2023 Milltrust Ventures and Earth First Food Ventures are set to launch a new $300m (£242m) Smart Protein Fund tomorrow to back alternative proteins and decarbonise the food industry, Morning Wire can reveal. Over $600m was invested in total in the cultivated meat sector last year, and the alternative protein market, which includes imitation meats [...]
Slow fashion: Retailers embrace second-hand clothing to draw in thrifty eco-conscious fashion lovers January 23, 2023 High street retailers are following in the footsteps of their online rivals, offering more second-hand clothes to lure in shoppers wanting to steer clear of fast fashion and hunt for bargains amid a cost of living crisis. The second-hand clothing market has exploded over the last decade to an estimated £6.5bn last year, largely thanks [...]
Recession to be more than twice as bad as first feared, forecasters warn January 23, 2023 The much touted coming recession in Britain will be twice as bad as first feared, new forecasts out today reveal. Soaring prices coupled with the Bank of England’s efforts to tame them are set to deal a heavier blow to GDP than projected just a few months ago. According to the EY Item Club, the [...]
Rishi Sunak and Jeremy Hunt to shun tax cuts in March budget despite £11bn energy windfall January 23, 2023 Jeremy Hunt and Rishi Sunak will hold fire on tax cuts at the 15 March budget despite being handed an around £11bn windfall from international energy prices falling to pre-Russia-Ukraine war levels, according to top economists’ predictions gathered by Morning Wire Brits will have to wait until the run up to the next general election, [...]
KERB: How London street food giant behind Seven Dials Market aims to make Berlin taste better January 23, 2023 The London street food favourite behind Seven Dials Market, KERB, is expanding via a venue in Berlin’s famous Potsdamer Platz. German foodies will be able to indulge their palates across a two-story street food market which is set to open in the Sony Centre by next year. The market will showcase 12 independent food vendors [...]
Westminster might quarrel with Scotland, but the City and Edinburgh get on just fine January 23, 2023 Nicola Sturgeon and Rishi Sunak's government have gone head-to-head, but the financial institutions in London and Scotland are busy keeping our relationship strong, writes Chris Hayward
Banks called on to extend pandemic era support to vulnerable customers as cost of living pressures mount January 22, 2023 British banks are being called on to extend support offered to customers during the pandemic as the cost of living crisis increasingly affects vulnerable customers. A new report from Fair4All Finance – a government-backed financial inclusion body – found that “unprecedented” support from banks significantly helped customers during Covid-19 with “no detrimental impact on bottom [...]
Labour calls for investigation into Boris Johnson’s appointment of BBC chair after ‘sleaze’ allegations January 22, 2023 Labour has called for an investigation into the appointment of Richard Sharp as BBC chair after he allegedly helped Boris Johnson secure a loan guarantee shortly before being appointed to the job. The opposition party have written to both the Commissioner for Public Appointments and the Parliamentary Commissioner for Standards after the Sunday Times reported [...]