Energy-intensive industries to be hit hardest by crisis

The UK's most energy-intensive industries will likely be impacted most by the ongoing energy crisis, according to a report from the Office for National Statistics (ONS). According to the survey, the UK's most energy-intensive industry in 2019 was electricity, gas,...

Inflation set to hit 14%

UK business leaders expect inflation to reach 14% before the end of this year, signalling the country's entry into recession. The British Chamber of Commerce (BCC) forecasts a recession following the UK economy's contraction for three consecutive quarters between Q2...

Govt. urged to support small business with energy costs

The Federation of Small Businesses (FSB) is calling on the Government to support smaller businesses this winter after reports of a future rise to the energy price cap. In response to the news, the price cap is set to increase to £3,549 in October, Martin McTague,...

UK inflation hits 10.1%

Inflation according to the customer prices index has risen to 10.1% in the 12 months up to July, up from 9.4% in June, says the Office for National Statistics. Food prices, energy bills, petrol and diesel were all leading contributors to the highest increase in...

Wages fall at record rate

The Office for National Statistics (ONS) has announced that regular pay fell at a record rate of 3% between April and June this year. Not only did wages fall for workers around the country, but the rising cost of energy bills and higher fuel and food prices continued...