A group of MPs has warned that the government's plans to replace the EU scheme which supports farmers is based on 'blind optimism'.
This year promises to be a tough one for many, with the price of food, fuel and energy set to rise. The Bank of England forecasts that inflation will soon surge to 6% - which means that incomes are set to stagnate. In this video, Sky News explains why your bills are set to go up in 2022.
Britain has ordered housebuilders to pay around $5.4 billion to help remove dangerous cladding from buildings following a deadly 2017 London fire that left government, developers and owners at loggerheads over how to make properties safe.
*Post-Brexit, businesses in the UK are paying 10% more than EU businesses on carbon emissions, amid rising energy bills as the government disagreed with linking the UK’s carbon market biggest European market. *Businesses need to buy tradeable permits to cover their carbon emissions to meet the net zero emissions target and clean up their operations. * While experts say linking the UK’s carbon market to the EU market will offer a better solution, ministers aim to reduce carbon prices before the 18th of January, which may reduce some of the price pressure. *While over a third of those surveyed said they would shift their business operations elsewhere within the next two years to avoid these problems.
Liam Halligan: 'With a tough January and February looming large, does the UK face a Winter of Discontent?'
Under new Bexit rules from January 1, 2022, all animal and plant products coming to the UK from the EU require a full customs declaration. Hauliers are warning the additional paperwork and added costs could cause delays at ports and lead to food supply shortages.
Business Secretary Kwasi Kwarteng has held meetings with energy bosses today to address rapidly rising gas and electricity prices. Mr Kwarteng met with the bosses of major energy suppliers who, it is thought, asked the government for tax cuts and the relaxation of green levies. The government has maintained that it wants to ensure that consumers are protected - but it is feared that soaring costs are pushing more people into fuel poverty.
Despite the political chaos from the continuing Brexit negotiations, Britain can breathe a sigh of relief that it is no longer beholden to Brussels. One year on from the UK-EU trade deal we can look forward to continuing success outside of the stagnating bloc.
British firms face the introduction of much-delayed post-Brexit border control checks from January 1 which will affect businesses importing $314 billion of goods a year from the European Union
The so called experts that want more and more restrictions brought in, are not in the slightest bit concerned about pubs closing down, I can tell you that. Why would they be if it's not relevant to them.
Within a radius of 2 miles from me, I can count 12 pubs that have vanished. Only 3 of 15 remain.
It’s nearly a year since new controls started coming into effect between the UK and the EU due to Brexit, so how are EU businesses coping? At the start of 2021 the value of EU goods imports into the UK fell sharply, before recovering slightly – according to the UK's Office for National Statistics. Figures, up to October, show imports remain below pre-Brexit and pre-pandemic levels. Covid has also impacted trade. Jessica Parker has visited three companies in the Netherlands – who do business with Britain.
Some 100,000 retail, hospitality and leisure businesses called on government for more support, as many consumers stayed away from shops amid coronavirus fears. On Sunday, the number of shoppers was down by a quarter across the UK compared to the same date in 2019- before the pandemic hit.
In 2007 and 2011, Jeff Bezos paid $0 in income tax. Same for Elon Musk in 2018. So how do billionaires end up paying less tax than you? Here's how the 'Buy Borrow Die' mantra has become common practice amongst many of the ultra-wealthy.
Pubs, restaurants and leisure businesses hit by omicron losses will be eligible for one-off grants of up to £6,000 in a £1bn Christmas aid package announced by Rishi Sunak. The Chancellor said some 200,000 hospitality and leisure businesses would benefit from the grants to compensate for an average 40pc fall in revenue from the Government’s Plan B restrictions in the run-up to Christmas. The cash awards will vary according to the size of the business with those with a rateable value of more than £51,000 eligible for the full £6,000, those between £15,000 and £51,000 being offered £4,000 and smaller operations getting £2,666. There will also be £100m discretionary funding to be distributed by councils to other businesses hit by Covid restrictions this festive season..
GB News North East of England reporter Rachel Sweeney speaks to North Tyneside businesses about how they are helping each other as increased coronavirus restrictions come into force.
Colin Brazier says 'Elon Musk is not an eco vandal. In fact, his solar panel business is a revolutionary step forward for clean energy.'
People lined up to get booster shots in Britain after a study showed two-dose jabs induce lower antibodies against the Omicron coronavirus variant.
McDonald’s has opened what it says is its first net-zero restaurant in the United Kingdom. The fast food outlet is powered by wind turbines and solar panels, and uses recycled materials throughout, but climate activists say McDonald’s has much more work to do on its supply chain.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
Will the business community comply this time after the effect of adhering to government restrictions decimated the economy during 2020 and revelations of the UK government not adhering to the rules they created come out. Andrew Saks on GB News talks about the potential impact for investors and businesses
Stagflation is the word economists use to describe when economic growth stagnates, while inflation and unemployment rise at the same time. It's a problem that has caused many countries around the world to rethink their monetary policies. And it's something we're now facing in Britain, with interest rates at historic lows, price inflation rising, and our economy on edge of Plan C lockdown...
In this episode, Liam talks to Andrew Baxter, CEO of Europa Worldwide Group – one of the UK’s biggest logistics companies. Specialising in freight forwarding and distribution across numerous countries, Europa turns over several hundred million pounds each year and employs over 1,000 people in the UK, Hong Kong and elsewhere. In this wide-ranging interview, Andrew and Liam discuss the HGV driver shortage, supply chain price pressures and why Andrew thinks current measures of UK inflation seriously under-estimate the prices rises faced by producers, distributors and, ultimately, consumers as well.
In the first episode of Money Talks with Liam Halligan GB News' Economics Editor Liam Halligan sits down with Rachel Watkyn the founder of the 'Tiny Box Company' a whole sale packing company.
'This high street is going to be filled with people hoping to grab a bargain, but more than anything, supporting local independent stores.'