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27.10.2021 - 09:47
Business
Evening Standard
Wetherspoons slashes price of a pint to 99p despite surging costs
JD Wetherspoons has revealed it will slash prices on several of its drinks to 99p next month despite inflationary pressures. The pubco said on Wednesday that from 1-30th November customers will be able to snap up a pint of Ruddles Best or Greene King IPA – or a dram of whisky – at the bargain …
27.10.2021 - 09:40
Business
Sky News
Sunak outlines plans for ‘new economy’ after COVID – but issues warnings
Chancellor Rishi Sunak has set out a budget for a “new economy” after the COVID crisis with a £150bn increase in government spending – but he also warned of “challenging” months ahead due to the continuing pandemic and rising inflation.In his statement to the House of Commons, Mr Sunak promised “the largest increase this century” …
27.10.2021 - 09:40
Business
Sky News
Chancellor unveils tax cuts and benefits boost as he warns of ‘challenging’ months ahead
Chancellor Rishi Sunak has set out a series of tax cuts and a boost to benefits to help Britons with the cost of living, as he warned of “challenging” months ahead due to the continuing COVID pandemic and rising inflation.In his budget statement to the House of Commons, Mr Sunak promised plans to build “a …
27.10.2021 - 09:05
Business
Evening Standard
Monzo heads to £3 billion valuation, despite losses
MONZO is in talks with shareholders to raise another £300 million to fund expansion plans.The digital based lender, founded in 2015, is one of the best known of the new breed of “challenger” bank, aimed at shaking-up the sector.According to Sky News, the fund raiser would value the business at £3 billion, a fairly extraordinary …
27.10.2021 - 05:36
Business
Sky News
Brewers and pub owners may have to push up prices as business costs soar
Costs for pubs and brewers are spiralling, those in the industry say, with price rises possible for consumers as a result.The Society of Independent Brewers (SIBA) says that the cost of essentials such as fuel, CO2, energy, bottles, cans, and packaging are making it impossible for small independent breweries to recover from pandemic-related restrictions. Businesses …
27.10.2021 - 05:20
Business
Sky News
Alcohol, fuel and tax: Key announcements from the budget
Here are the key points from Chancellor Rishi Sunak’s budget speech: • The chancellor says there are “challenging” months ahead, adding that inflation in September was 3.1% and is likely to rise further – the OBR expect it to average 4% over the next year • Pressures caused by supply chains and energy crisis will …
27.10.2021 - 05:20
Business
Sky News
Every key announcement you need to know from the budget
Here are the key points from Chancellor Rishi Sunak’s budget speech: • The chancellor says there are “challenging” months ahead, adding that inflation in September was 3.1% and is likely to rise further – the Office for Budget Responsibility expects it to average 4% over the coming year • Pressures caused by supply chains and …
26.10.2021 - 19:32
Business
Sky News
Google parent Alphabet posts record profits again
Google’s parent company Alphabet recorded record profits for a third consecutive quarter, powered by a rise in advertising spending as more consumers shopped online during the pandemic.The company revealed it had surpassed expectations for quarterly revenue, despite being hit by new restrictions on how they track customers online. Alphabet, the world’s largest provider of search …
26.10.2021 - 14:48
Business
Evening Standard
COP26: A reality check on ESG — the UK is behind the curve
With the clock ticking down to COP26, it’s been hard in the past months to avoid the noise around ESG and sustainable finance. On one side, the banking and finance industry has been busy arguing that it is on the side of the angels when it comes to climate change and that ESG investment and …
26.10.2021 - 13:41
Business
Sky News
BT bolsters defence against potential bid from tycoon Drahi
BT Group has moved to strengthen its defences against a prospective takeover bid from a French billionaire by hiring the advisory firm which employs George Osborne, the former chancellor.Sky News has learnt that Robey Warshaw, which Mr Osborne joined earlier this year, was formally appointed by BT in recent weeks to work alongside Goldman Sachs. …
26.10.2021 - 13:25
Business
Evening Standard
Budget 2021: How Rishi Sunak can stem flow of top UK biotechs to US
By punching significantly above its weight in the Covid-19 vaccine race, the UK’s life sciences sector has muscled its way firmly into the global spotlight.But to keep it there, ministers must find ways to help the industry reverse a flow of the brightest talent and most promising start-up companies from Oxford, Cambridge, London and elsewhere …
26.10.2021 - 10:23
Business
Business Live
All the announcements made so far on the Autumn Budget and Spending Review
Here is a brief run down of all the pledges in the budget so far: Public pay freeze scrapped The Chancellor is due to announce that the 12-month public sector pay freeze is to end, paving the way for more than five million workers to potentially receive a pay rise next year. Minimum wage rise …
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