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Rachel Reeves backs off from plans to raise income tax rates in Budget
Posted onChris Mason,Political editor and Kate Whannel,Political reporter House of Commons Chancellor Rachel Reeves has decided against raising income tax rates at the Budget later this month. In recent weeks, Reeves had given strong indications she would increase the tax – a move that would have broken Labour’s election manifesto promise not to raise “the basic,…
Bournemouth food bank relaunches 14 months after flood
Posted onBBC Project manager Vikki Longman said people needed more than food A food bank that was damaged due to flooding 14 months ago has officially re-opened and rebranded. Kinson and West Howe Foodbank in Bournemouth, next to St. Andrew’s Church, has launched a larger, free community service known as The Sanctuary Project. Described as a…
Leon to close stores and cut jobs in restructure
Posted onLeon has announced it will close several of its restaurants and cut jobs as part of a major restructure of the High Street food chain. The company has appointed Quantuma as administrators after Leon’s original co-founder John Vincent reacquired the company last month from Asda. The move places the future of the worst performing of…
British Gas boss says energy bills rise inescapable if prices stay high
Posted onThe discussion of ways to mitigate any energy price rises came after the government’s cost-of-living tzar, Lord Walker, who is also chief executive of supermarket chain Iceland, suggested in the Sunday Times that energy companies and petrol stations should have their profits temporarily capped as oil prices jump.
Faisal Islam: Iran war pause is welcome but the economic scars will last
Posted onMany countries are also dependent on these waters for significant supplies of other petrochemical products, made at the refineries in the region. These include jet fuel, diesel, fertiliser ingredients and industrial products such as helium, essential for microchip manufacture.
Rising food bank use in Guernsey a sad picture of our community
Posted onHe added: “Making certain services free to access, even if they’re paid for elsewhere, adjusting benefit rates so that at least you ensure the lowest income households are adequately protected, or otherwise you’re looking at, sort of, trying to control costs in other ways such as rent control.”
