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Evening Standard
Truss ‘favours targeted help over support for all’ to ease cost-of-living crisis
The Liz Truss camp has said the Tory leadership frontrunner is leaning towards targeted support over help for all to ease the cost-of-living crisis, but maintained she is not “ruling anything out” at this stage.As the contest enters its final week, the country is still in the dark about exactly how either candidate would act …
Business
Evening Standard
Nearly one in four ‘won’t turn on heating this winter’ as energy bills soar
Nearly one in four adults plan never to turn their heating on this winter, polling suggests, as average bills are set to rocket while the temperature drops.This figure is even higher for parents with children under 18, according to a Savanta ComRes survey carried out before the new price cap was announced.The pollsters asked more …
Business
Evening Standard
Home energy efficiency improvements ‘plummet at worst possible time’
Home insulation and other energy efficiency improvements have plummeted at the “worst possible time” for Britain, Labour has warned, as spiralling bills paint a bleak picture for the cold months ahead.Analysis by the party found that installations fell by more than 50% in the first half of 2022 compared with the same period in 2021, …
Business
Evening Standard
Wine retailer Majestic eyes 76 UK locations amid expansion plans
The boss of Majestic has said the wine retailer is “optimistic” despite pressure on customer budgets as he laid out plans for the retailer’s continued store expansion.The wine retailer, which was bought by private equity firm Fortress for £95 million in 2019, said it is targeting a wish-list of 76 potential store locations across the …
Business
Evening Standard
Wine retailer Majestic eyes 76 UK locations amid expansion plans
The boss of Majestic has said the wine retailer is “optimistic” despite pressure on customer budgets as he laid out plans for the retailer’s continued store expansion.The wine retailer, which was bought by private equity firm Fortress for £95 million in 2019, said it is targeting a wish-list of 76 potential store locations across the …
Business
Evening Standard
Small businesses owed £23,000 in late payments amid soaring energy bills
Small businesses were owed almost £23,000 in late payments for a month, according to new data, adding to the sky-rocketing energy bills that are piling pressure on concerned business owners.Late payments totalled £22,700 for the average small business, with at least one overdue invoice in May, representing a 6% year-on-year rise.This amounts to 65% of …
Business
Sky News
‘Heartbreaking’ choices that Britons will have to make this winter revealed in new poll
Millions of people in the UK will not turn their heating on this winter because of rising energy bills, a survey suggests.The poll, commissioned by the Liberal Democrats, showed 23% of adults plan to take this drastic move, rising to 27% for those with children at home. The results also showed 23% would be forced …
Business
Sky News
Joules’ rescue talks with Next stumble after latest profit alert
The struggling fashion chain Joules’ hopes of securing a lifeline from the high street behemoth Next have hit a stumbling block days after it issued a fresh profits alert.Sky News has learnt that the two companies are not close to agreeing the terms of an investment from Next more than three weeks after confirming they …
Business
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 …

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