Business

Energy firms hit back at plans to cut energy bills

Image copyright Getty Images Energy companies have criticised proposals by the industry’s regulator to cut customer’s bills and spend more on green investments. Under Ofgem’s plans, households could see their bills cut by £20 a year while firms spend £25bn in the next five years to invest in greener energy. Ofgem said it wanted “a […]

Business

Coronavirus: Public spending on crisis soars to £190bn

Image copyright Getty ImagesImage caption A £15bn bill for PPE has helped to push the cost of the coronavirus outbreak to £190bn Public spending on the battle against coronavirus has risen to nearly £190bn, according to latest Treasury figures. It comes after Chancellor Rishi Sunak announced another £30bn of support in his summer statement on […]

Business

Coronavirus: United Airlines to furlough up to 36,000 staff

Image copyright Getty Images United Airlines says up to 36,000 of its workers could be furloughed due to the coronavirus pandemic. That amounts to almost half of the company’s total US-based frontline workforce. “Throughout this crisis, we have been honest and direct with you about our need to right-size our workforce to match travel demand,” […]

Business

Aviation and gyms ‘ignored’ by government

Image copyright Getty Images UK airlines have said they are being “ignored” by the government after not being included in a fresh wave of economic stimulus to counter the effects of coronavirus. Industry body Airlines UK warned of further job losses after tens of thousands of job cuts. Gyms also said they were ignored, and […]

Business

Boohoo starts review after Next and Asos desert it

Image copyright Boohoo Fast fashion brand Boohoo has ordered an independent review of its UK supply chain following reports of poor working conditions at a factory in Leicester. It comes after retailers Next and Asos dropped Boohoo goods from their stores amid claims workers were underpaid and not socially distancing. Boohoo, which said it was […]

Business

Stamp duty holiday: How would it work?

Image copyright Getty Images The chancellor is expected to announce changes to stamp duty on Wednesday to help cut costs for anyone buying a home. It’s understood that the level at which the tax is charged could be temporarily raised to £500,000 to boost the property market and help buyers struggling because of the coronavirus […]

Business

Vouchers of up to £5,000 for home insulation

Image copyright AFP Hundreds of thousands of homeowners will receive vouchers of up to £5,000 for energy-saving home improvements, the chancellor will announce. Rishi Sunak is due to set out a £2bn grant scheme in England for projects such as insulation as part of a wider £3bn plan to cut carbon emissions. The Treasury said […]