It’s surprising how many people don’t know that small business energy prices are NOT capped. Many people also don’t know that any losses from the domestic market caused by theContinue readingWipeout: UK’s small business sector has only a few months left
Category: Small Businesses
Businesses are having to pay £10,000 deposits to get energy supplies
The energy price cap which was applied to domestic consumers was never offered to UK’s small businesses who employ around 5.5 million workers. In fact, the losses in the domesticContinue readingBusinesses are having to pay £10,000 deposits to get energy supplies
The Conservatives, Labour, Lib Dems and the TUC couldn’t give a toss about small businesses in the UK
Today, on Twitter we’re seeing a campaign by the TUC for a minimum wage of £15. They do, however, qualify this by stating “by 2030”, but still, it’s obvious thatContinue readingThe Conservatives, Labour, Lib Dems and the TUC couldn’t give a toss about small businesses in the UK
Small Business energy is NOT capped, inflation WILL be 15% (or higher) and hundreds of thousands of businesses WILL go bust in the next few months
I’ve heard many, many politicians banging on about “freezing” energy prices, some want “nationalisation”, most blame “Putin”, but I have yet to hear any politician address the acute problems facingContinue readingSmall Business energy is NOT capped, inflation WILL be 15% (or higher) and hundreds of thousands of businesses WILL go bust in the next few months
The energy price cap will kill hundreds of thousands of small businesses
During the Winter of 2021, the energy price cap meant that energy suppliers in UK were forced to make losses selling electricity and gas below cost price to domestic consumers.Continue readingThe energy price cap will kill hundreds of thousands of small businesses
UK Government offers relief to big business on energy while doing nothing for small businesses
The UK Government already offers relief to help big business with their energy costs. They call these businesses “energy intensive industries”. They have just announced further measures to help theseContinue readingUK Government offers relief to big business on energy while doing nothing for small businesses
How does an interest rate rise bring down the high cost of energy in the UK?
Many people have stated that the high price of wholesale gas has led to massive hikes in the unit cost of electricty and gas in the UK. OK, I sortContinue readingHow does an interest rate rise bring down the high cost of energy in the UK?
The Bank of England has raised interest rates to 1.75%
The Bank of England, today, raised interest rates to 1.75%. The rise of 0.5% (50 basis points) is the biggest rise in twenty seven years. The vote was eight toContinue readingThe Bank of England has raised interest rates to 1.75%
UK businesses are going bust at record levels
Company insolvencies are 81% higher than the same time last year. Between the 1st April and 30th June 2022 (Q2 2022), there were 5,629 (seasonally adjusted) registered company insolvencies, comprisingContinue readingUK businesses are going bust at record levels
Rishi Sunak has done nothing to help small businesses with their energy bills
Naseem Shah, Labour MP for Bradford West, recently asked Rishi Sunak, the (now former) Chancellor of the Exchequer, what he was doing to help her consituent whose business energy billContinue readingRishi Sunak has done nothing to help small businesses with their energy bills