The Bank of England, today, raised interest rates to 1.75%. The rise of 0.5% (50 basis points) is the biggest rise in twenty seven years. The vote was eight toContinue readingThe Bank of England has raised interest rates to 1.75%
Tag: #smallbusinesses
UK businesses are going bust at record levels
Company insolvencies are 81% higher than the same time last year. Between the 1st April and 30th June 2022 (Q2 2022), there were 5,629 (seasonally adjusted) registered company insolvencies, comprisingContinue readingUK businesses are going bust at record levels
Centrica and Shell make big profits, but, windfall taxes aren’t going to help
The news that Centrica, the parent company of British Gas, made £1.3 billion profits in the last six months, more than the £262 million it made in the same sixContinue readingCentrica and Shell make big profits, but, windfall taxes aren’t going to help
Rishi Sunak has done nothing to help small businesses with their energy bills
Naseem Shah, Labour MP for Bradford West, recently asked Rishi Sunak, the (now former) Chancellor of the Exchequer, what he was doing to help her consituent whose business energy billContinue readingRishi Sunak has done nothing to help small businesses with their energy bills