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Evening Standard
Backlash from Sunak camp over reports Truss is considering 5% VAT cut
Rishi Sunak’s team has warned that cutting VAT by 5% across the board would be “regressive” and cost tens of billions of pounds amid reports that Liz Truss is considering the move as a “nuclear” option.It is one of a series of possible strategies to ease the cost-of-living crisis being drawn up by the Treasury …
Business
Sky News
‘You don’t see the work we do until we stop’: Unions threaten months of co-ordinated strikes
Unions are threatening to hold co-ordinated strikes in the coming months as they attempt to secure inflation-matching pay rises for workers struggling with the cost of living crisis.According to the Observer, a series of motions will be tabled at the Trades Union Congress (TUC) in September, calling for unions to work together to increase the …
Business
Sky News
Sunak’s warning as Truss considers ‘nuclear option’ of cutting VAT to 15%
Liz Truss is considering a “nuclear” option that could see VAT cut from 20% to 15%, according to reports.A source told Sky News that Ms Truss “will consider options to help people, but it would not be right for her to announce her plans before she has been elected prime minister or seen all the …
Business
Evening Standard
Johnson says successor will launch ‘huge package’ of new cost-of-living help
Boris Johnson has said whoever succeeds him as prime minister will announce “another huge package of financial support” as Britain faces sky-high costs this winter.The outgoing PM hinted at the scale of the options to ease the burden being teed up for either Liz Truss or Rishi Sunak to consider, as he insisted “we must …
Business
Sky News
Putin enjoying UK’s energy bills crisis and ‘wants us to buckle’, says PM
Boris Johnson has admitted that energy bills will be “eye-watering” this winter – and the cost of heating is already “frightening” for some.Writing in The Mail on Sunday, the outgoing prime minister blamed Vladimir Putin for the worsening crisis – and claimed the Russian president “likes it”. And although Mr Johnson warned the months ahead …
Business
Sky News
Fund manager Jupiter in talks to sell 10% stake in £2.5bn Starling Bank
Jupiter Fund Management is in talks to sell its entire stake in Starling Bank months after the digital lender’s valuation passed £2.5bn.Sky News has learnt that Jupiter, which owns close to 10% of Starling’s equity in its UK Mid Cap Fund and elsewhere across its funds portfolio, has instructed bankers at Citi to find buyers …
Business
Evening Standard
UK sends minehunter drones to Ukraine to clear way for grain exports
The UK is sending underwater drones to Ukraine to clear its coastline of mines in an effort to free up food supplies trapped during the Russian invasion.Ukrainian personnel will receive training in Britain on how to use the six autonomous vehicles to help the flow of grain to the rest of the world resume after …
Business
Evening Standard
Next PM ‘right’ to wait to weigh up options to ease cost of living – minister
A Cabinet minister has said it is “right” that the next prime minister waits until they take office to weigh up “all of the options” to combat the cost-of-living crunch.Environment Secretary George Eustice insisted people “don’t have long to wait” for news on what further action Boris Johnson’s successor will take to tackle spiralling prices, …
Business
Business Live
Environmental champion crowned Greater Birmingham Young Professional of the Year
A business consultant who learned the value of protecting the environment by feeding wild animals in her native Lithuania has been crowned the Greater Birmingham Young Professional of the Year. Ingrida Vengalyte, 33, won the top prize at last night’s Future Faces Awards after taking home the sustainability category. Ms Vengalyte is a business consultant …
Business
Evening Standard
Chancellor suggests those on £45,000 could struggle with sky-high bills
The Chancellor has suggested those earning around £45,000 annually could struggle to cope with soaring living costs as households prepare for another painful price hike over the winter.Nadhim Zahawi said things will be “really hard” for middle-earners, as well as society’s most vulnerable, as the energy price cap is set to rise by 80% by …
Business
Sky News
Britons on £45,000 will need help with energy bills, says chancellor – as experts warn price cap could hit £7,700
Britons on £45,000 salaries will need government help to pay their energy bills – not only people on benefits, the chancellor has warned.Nadhim Zahawi also told The Daily Telegraph that households must try and reduce their energy consumption, and that he fears gas prices could remain elevated for another two years. Energy bills will soar …
Business
Sky News
‘Sky-high’: Surge in cost of dropping off passengers at airports will leave drivers ‘stunned’
Drop-off fees have increased at two-thirds of the UK’s major airports since 2019, according to research.An RAC investigation found 16 of the 22 airports analysed have introduced or raised charges for dropping off passengers in the past three years. The motoring services company claimed drivers will be “stunned” by some of the “sky-high” fees.Stansted Airport …

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