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Evening Standard
Truss will need to work with not against the Bank
It seems a long time since those joyous June days of the Jubilee when the sun shone benignly interrupted by only the occasional shower.What we would give for a few of those now.But even the most enjoyable and innocent of festivities has to be paid for with an economic hangover, it seems.Today’s figures from the …
Business
Business Live
How sterling could move in relation to the euro in 2022
I’ve been asked to look at where we believe sterling will move in relation to the euro. Many are paid in euros and repatriating the money back and vice versa, while others are buying homes in the EU transferring cash. The property investment is focusing on the coming potential onslaught of inflation and hedging against …
Business
Evening Standard
Morrisons to temporarily douse disposable barbecues
Supermarket Morrisons has become the latest in a line of retailers to stop selling disposable barbecues temporarily due to the punishing temperatures and tinder box weather conditions.The company will bring in an all out ban until weather conditions cool after a trail suspension earlier this year. In a statement the group, said: “In March we …
Business
Business Live
Venture capital investment in Bristol rises despite ‘economic headwinds’
Fast-growth businesses in Bristol secured £63m of venture capital (VC) investment in the second quarter of the year – up two-thirds on the first quarter (£38m), new research finds. The figures from accountancy giant KPMG show that while deal volume was down from 15 investments during the first three months of the year to 10, …
Business
Evening Standard
‘Worst is yet to come on economy’
Britons were warned on Friday that the “worst is yet to come” as the UK economy slumped to its first quarter of negative growth since Covid restrictions were largely lifted in the spring of 2021.Official GDP figures released on Friday morning showed output tumbled in June by 0.6 per cent. Despite hopes that the economy …
Business
Evening Standard
Employment market still up despite economic fears
The UK jobs market is currently holding up but is likely to be impacted by the darkening economic mood, inflationary pressures and the cost of living crisis.Employment vacancies leapt to their highest level this year with1.85 million last month – the highest this year – according to the Recruitment and Employment Confederation (REC).London recorded positive …
Business
Sky News
Should I keep saving for my pension or use the money to pay for rising costs?
Personal finance expert Gemma Godfrey has been answering your questions on the cost of living and money saving dilemmas: Could your pension contribution be put to better use for things like paying your bills?Mark A: Hello, I’m 37 years young and started a pension late. I had approximately £35,000 in there. With the world as …
Business
Business Live
Humber carbon capture projects progress as FOUR shortlisted for further phase
A clutch of Humber-focused pioneering carbon capture projects have moved a step closer to delivery. Schemes involving new power and hydrogen production, as well as existing industrial emission abatement have been selected for the due diligence stage of the government’s cluster sequencing process. Keadby Three, H2H Saltend, Humber Zero and Prax Lindsey Oil Refinery all …
Business
Evening Standard
‘Worst is yet to come on economy’
Britons were warned on Friday that the “worst is yet to come” as the UK economy slumped to its first quarter of negative growth since Covid restrictions were largely lifted in the spring of 2021.Official GDP figures released on Friday morning showed output tumbled in June by 0.6 per cent. Despite hopes that the economy …
Business
Business Live
Western Gateway bid for nuclear fusion plant on Wales-England border lands further backing
A bid to build a multi-million-pound nuclear fusion plant on the border of Wales and England has received more support from industry bosses in the South West. The Western Gateway – a cross-border partnership aimed at promoting economic growth across the West Country and South Wales – is proposing to build the £220m plant at …
Business
Sky News
PM admits cost of living support is not enough – but no new measures announced
Boris Johnson has admitted that the cost of living support the government is providing is not enough – but he refused to announce any immediate measures to combat spiralling household bills.Mr Johnson doubled down on his remarks that it will be up to his successor – either Liz Truss or Rishi Sunak – to implement …
Business
Business Live
Silicon Valley firm Harness creates 80 jobs at new Belfast base
A Silicon Valley tech firm has set up a new base in Northern Ireland and announced the creation of 80 new jobs. Harness, which provides technology for companies to speed up and deploy software products, said it made sense to locate in “one of Europe’s strongest technology hubs” where many of its customers are already …

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