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Sky News
More than half of UK households cutting back on gas and electricity use due to cost of living crisis
More than half of UK households have cut down on their energy usage as a result of the cost of living crisis, new data suggests.A survey carried out by the Office for National Statistics (ONS) revealed that 52% of Britons are using less gas and electricity in a bid to cut down costs. The poll, …
Business
Business Live
Danske cuts Northern Ireland growth outlook on persistent inflationary cloud
Growing inflationary pressures and a “less supportive” economic policy environment has prompted Danske Bank to slash its growth outlook for the Northern Ireland economy next year. It said the increasing cost of living and the diminishing impact of the post pandemic rebound will see economic growth of just 1% in 2023 compared to its previous …
Business
Business Live
Council looks to buy Grimsby’s Freshney Place Shopping Centre
North East Lincolnshire Council looks set to swoop for Grimsby’s Freshney Place shopping centre. The town’s undercover precinct was placed into receivership earlier this year, and the local authority is now looking to use its Towns Fund Allocation – initially awarded to remodel the centre’s western end for leisure use – to mount a bid. …
Business
Business Live
Panattoni to build UK’s largest-ever speculative logistics building near Bristol
European real estate developer Panattoni is planning to build a £250m industrial development near Bristol that will include the UK’s biggest-ever speculative logistics building. The development, called Panattoni Park Avonmouth, will be located on a 73-acre site, which Panattoni has just acquired in an off-market deal. Other major occupiers in the area include Amazon, The …
Business
Evening Standard
“Too big to fail” era over for banks, promises Bank of England
THE era of “too big to fail” banks going bust and being bailed out by the public is over, the Bank of England claimed today, while warning that three major lenders still have short comings.Lloyds, Standard Chartered and HSBC were told to improve their so-called resolution plans, a somewhat public rebuke. All three said they …
Business
Evening Standard
Predictions of the demise of the pound are exaggerated
THIS week saw the 40th anniversary of the arrival of the 20p piece. What would that 1982 coin be worth now? 5p. That’s what inflation does to the pound in your pocket, was the point.Some saw that as indicative of a wider malaise for our currency – there is no question it is under pressure.It …
Business
Sky News
Pilot union fury as Wizz Air boss urges fatigued staff to go ‘the extra mile’
The boss of Wizz Air is facing a backlash from unions, including pilots’ representatives, after he urged fatigued staff to go the “extra mile” as the industry battles flight cancellations caused by staff shortages.Jozsef Varadi made his remarks to workers after the company warned of fare increases ahead following the publication of financial results on …
Business
Evening Standard
ECB says it will raise interest rates for the first time in a decade next month
The European Central Bank (ECB) is to end a decade of zero or negative interest rates next month when it will raise the cost of borrowing by 0.25 per cent.The Governing Council of the Eurozone’s central bank said there would be a further hike in September, the scale of which will be determined by the …
Business
Evening Standard
MoD invests in quantum computer potential
The Ministry of Defence has bought the Government’s first quantum computer from a company based in west London’s White City. The machines are able to rapidly make highly complex calculations that cannot be done by regular computers.The MoD will work with Orca Computing — a start-up with roots at Oxford University — on applying the …
Business
Sky News
European Central Bank will raise interest rates in July for first time in 11 years
The European Central Bank will raise interest rates in July for the first time in 11 years, followed by another hike in September.The move will see it follow other central banks in the shift from supporting pandemic economies to fighting rapidly-rising inflation. The Bank of England has approved four rate increases since December and the …
Business
Euro News
PayPal adds new crypto tool allowing some users to move assets like Bitcoin to external wallets
Business
Sky News
Train drivers from three more areas to strike as rail disruption worsens
Drivers from three more train companies are set to go on strike later this month, worsening already expected rail disruption.Drivers working for Hull Trains, Greater Anglia, and Croydon Tramlink have all voted to take industrial action in separate disputes over pay, union Aslef has announced. It comes as the RMT union said up to 50,000 …

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