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Evening Standard
Hospitality firms ‘hugely concerned’ for New Year’s trade after disruption
Hospitality leaders say venues could see weaker trade over the key New Year period after sales were knocked by strike action.But there are signs for optimism amid more bookings and strong demand over the festive period for other areas of the sector.The Night Time Industries Association, which has more than 1,400 members including night clubs, …
Business
Business Live
Renewable plan will reduce climate change and boost Northern Ireland economy by £4.5 billion
An ambitious plan to produce the majority of Northern Ireland’s electricity from renewable sources within seven years will boost the economy by £4.5 billion. Industry body RenewableNI said the shift away from fossil fuels will also reduce climate change and result in a reduction in the price consumers pay for energy. The organisation, which represents …
Business
Business Live
Remote workers look to employers for help with soaring energy bills
Work-from-home employees are turning to employers to help pay soaring energy bills, according to a new survey. Nearly one-in-five remote employees have sought payments toward heating and energy bills, according to research from Belfast law firm O’Reilly Stewart. The situation has intensified as a result of the sharp increase in energy bills as a result …
Business
Evening Standard
Banks to use AI and other digital tools to boost customer support
British banks are set to ramp up digital tools and customer support teams to cope with a wave of consumers and business owners looking for help in the year ahead.Lenders will have a vital role in providing support as household incomes are further squeezed, mortgage rates rise, and businesses struggle, experts have said.Krishnapriya Banerjee, a …
Business
Evening Standard
Consumer spending jumps 10.6% in 2022 amid surging inflation
Consumer spending lifted by more than a 10th in 2022 but retailers saw a slump as rising energy costs dragged on household budgets.New data from Barclaycard has revealed consumer card spending increased 10.6% year-on-year as spending was boosted by the easing pandemic restrictions compared with 2021.Nevertheless, it came amid soaring inflation and experts at the …
Business
Business Live
Northern Ireland-born cybercrime expert says Troubles experience sparked global career
A United Nations cybercrime expert based in Africa has told how his background growing up in Northern Ireland motivated him towards a career fighting global terrorism. Father-of-four Neil Walsh from Glengormley works as the UN’s regional representative in Eastern Africa, helping governments in 13 countries to combat organised criminality. During his career, he has worked …
Business
Sky News
‘Worst run for house prices since 2008’ as December sees further decline
House prices recorded their “worst run” since 2008 following a fourth consecutive monthly decline in December, according to a closely-watched measure.Mortgage lender Nationwide’s index charted a sharp slowdown in the annual rate of price growth – to 2.8% this month following the 4.4% recorded in November. It said prices dipped 0.1% in December compared with …
Business
Evening Standard
Cost crisis wrought havoc in 2022, but 2023 set to be ‘year of recession’
The nation headed into 2022 with optimism for the economy, but hopes of a bumper year of growth unrestrained by Covid restrictions were dashed as the cost-of-living crisis took centre stage.Just as the worst of the pandemic seemed to be behind us, the emergence of soaring inflation soon became the next big threat to the …
Business
Business Live
THG, Matalan, Boohoo and TransPennine Express: 22 of the best read North West stories of 2022
It has been another busy year for BusinessLive North West, with more people reading our coverage than ever before. Our selection of newsletters have been showcasing the biggest business stories from across the region all year long. A whole host of articles have proved to be very popular reads, with record page views being racked …
Business
Evening Standard
Lobby group calls for supertax on private jets to boost public transport
A supertax on private jets should be introduced to fund public transport improvements, according to a pressure group.Campaign for Better Transport (CBT) wants private jet passengers to pay £780 in air passenger duty (APD) for every flight from the UK.That could raise around £1.4 billion each year, CBT said.Currently, private jet passengers pay the same …
Business
Sky News
Households face cost of living ‘groundhog year’ in 2023 as pay shrinks while bills rise
The cost of living crisis will deepen next year as people continue to be hit with falling pay, higher taxes and soaring bills, a think tank has warned. Households face a cost of living “groundhog year” with disposable incomes plummeting even further than in 2022 and living standards getting “far worse” before they improve, according …
Business
Business Live
East Midlands businesses back a better 2023, says survey
Almost two-thirds of business leaders in the East Midlands are confident they’ll have more success in 2023 than they did in what proved to be a tough 2022, according to a high street bank survey. Despite war in Ukraine, inflation and rising interest rates, and the impact of Brexit on overseas trade, the latest data …

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