5 Ways To Make Hot Desking Work For You August 30, 2022 Hot desking, the phenomenon once only found in coworking spaces, is currently finding favour among corporate companies looking for ways to cut costs without cutting performance. Benefits of adopting a ‘no assigned seating for anyone’ approach include increased inter-team collaboration and a sense of belonging among employees. However, not everybody is a fan – especially [...]
Brits ‘batten down hatches’ ahead of bleak winter August 30, 2022 Brits are “battening down the hatches” ahead of an exceptionally tough winter marred by sky-high energy bills, economists warned today. Households are cooling spending on credit cards and putting money aside in savings accounts to keep their finances intact to withstand a historic shock to their living standards. Brits spent £700m on credit cards last [...]
Brexit: Large UK corporations suspected of underpaying more than £25m in taxes August 30, 2022 Large UK corporations have been suspected of underpaying £25.3m in post-Brexit import duties from the EU. Research from multinational law firm Pinsent Masons showed that the amount of taxes under consideration by the HMRC has increased by 97.5 per cent in the year ended 5 April, going up from £620,000 in 2021. “The amount of [...]
Bank of England may launch biggest rate hike since 1989 if energy bill support fuels inflation August 26, 2022 The Bank of England may have to launch the biggest rate hike since 1989 if the government injects huge sums of money into the economy to cope with the cost of living crisis, a Wall Street bank said today. Borrowing costs could rise 75 basis points in November to deal with a historic inflation peak [...]
UK businesses will disappear without immediate government help, CBI warns August 26, 2022 UK businesses will “tip into distress” unless the government launches an emergency support package to deal with the cost of living crisis, the country’s biggest business group has warned. Some 69 per cent of firms expect to be hit by higher energy costs over the next three months, eating into their capacity to survive, according [...]
London’s FTSE 100 struggles for direction ahead of Jackson Hole August 25, 2022 London’s FTSE 100 struggled for direction today driven by investors seemingly holding positions until central bankers signal at Jackson Hole how firm they will be with taming inflation. The capital’s premier index added 0.11 per cent to reach 7,479.74 per cent, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
World’s central banking elite gather in Jackson Hole amid darkening inflation clouds August 25, 2022 The world’s central banking elite are convening at the US Jackson Hole resort today with a bleak inflation backdrop looming over the annual event for the first time in decades. Chiefs of the US Federal Reserve and the Bank of England will deliver remarks that will be closely watched by investors for clues on how [...]
Government is ‘running out of time’ to save British households from energy crisis August 25, 2022 The government is “running out of time” to save businesses and households from the inflation crisis, one of the country’s largest business groups has warned today. Policymakers should be launching measures now to shield Britons from the looming long recession, the British Chambers of Commerce (BCC) said today. The BCC has written to chancellor Nadhim [...]
London’s FTSE 100 edges lower ahead of Jackson Hole August 24, 2022 London’s FTSE 100 edged lower today driven by investors fretting over how stern central bankers will be with tackling inflation. The capital’s premier index dropped 0.22 per cent to 7,471.51 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, inched down 0.01 per cent to [...]
Britain cuts off all Russian fuel imports for first time on record August 24, 2022 Britain has bought no fuel from Russia for the first time since records began, driven by the country shunning energy from President Putin in response to the invasion of Ukraine, official figures published today show. Fuel imports from Russia plummeted to zero in June, the first time Britain has ever recorded a complete weaning off [...]