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1 day ago | 
londonlovesbusiness.com | Mark Channer |James Green |Sarah Dunsby |Letitia Randell
Officials have warned that reservoir levels have reached their lowest levels as spring has been its driest since the 1890s. In the northwest England, North east Yorkshire, East and West Midlands a drought has already been declared. The Environment Agency (EA) has held their national drought meeting with officials and Thames Water said last month they are “not confident” they will be able to avoid water restrictions for their 16 million customers.
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1 day ago | 
londonlovesbusiness.com | Samira Farzad |James Green |Sarah Dunsby |Letitia Randell
To pay for defence and transport project spending increases, the Government could put tax reliefs and exemptions on the chopping block, say leading audit, tax and business advisory firm, Blick Rothenberg.
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1 day ago | 
londonlovesbusiness.com | Samira Farzad |James Green |Sarah Dunsby |Letitia Randell
The European Central Bank (ECB) has cut interest rates for the eighth time in a year by a quarter of a percentage point. The bank is attempting to support the euro economy following the US President’s trade war.
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1 day ago | 
londonlovesbusiness.com | Samira Farzad |James Green |Sarah Dunsby |Letitia Randell
Companies deliberately put a more positive spin on financial report headlines, successfully manipulating investor perceptions and boosting stock prices, finds new research from Nazarbayev University Graduate School of Business (NU GSB).
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1 day ago | 
londonlovesbusiness.com | Rob Morgan |James Green |Sarah Dunsby |Letitia Randell
Industry body the Society of Motor Manufacturers and Traders (SMMT) said the UK’s new car market returned back to growth in May with a rise of 1.6% of new registrations. The SMMT said that last month there was 15,070 new cars registered up from May last year which saw new registrations of 147,678. Electric cars rose by 25.8% and took a market share of 21.8% up from 17.6% the previous year.
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1 day ago | 
londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Robert Lane
Transformative measures to enhance the pension system and boost retirement outcomes were welcomed by The Pensions Regulator (TPR) as a “once in a generation” opportunity. TPR said the Pension Schemes Bill would introduce significant improvements for savers in both defined contribution (DC) and defined benefit (DB) schemes. Nausicaa Delfas, Chief Executive of TPR, said: “The Pension Schemes Bill is a once in a generation opportunity to address unfinished business in the UK pension system.
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1 day ago | 
londonlovesbusiness.com | James Green |Sarah Dunsby |Letitia Randell |Robert Lane
New data from Virgin Media O2 Business’ Movers Index reveals ‘sweet treat’ spending at work is on the rise. As Brits return to the office en masse, office workers are shelling out an estimated £57 million per week on chocolate. Despite 82% of people adjusting their spending habits at the start of this year, largely due to rising costs, office perks and in-person work culture are contributing to an uptick in spending.
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2 days ago | 
londonlovesbusiness.com | Mark Channer |James Green |Sarah Dunsby |Letitia Randell
A petition to stop asylum seekers having almost £1 billion in benefits a month has hit a big milestone of more than 161,000 signatures. The petition calls for a stop of “financial and other support for asylum seekers” which could now spark a debate in the House of Commons. The petition reads, “This petition is to advocate a cessation of financial and other support provided to asylum seekers by the government.
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2 days ago | 
londonlovesbusiness.com | Mark Channer |James Green |Sarah Dunsby |Letitia Randell
The US is demanding that the UK and NATO allies to spend 5% of their gross domestic product (GDP) in defence and security, “starting now,” adding that this is “not a suggestion.”The US President’s ambassador to NATO Mathew Whitaker said at a meeting in Brussels with the alliance’s Defence Minister’s at NATO’s headquarters, “Let me cut to the core of our message: 5%.”Whitaker added, “Peace through strength means nothing less and it demands it equally from all allies.
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3 days ago | 
londonlovesbusiness.com | Sarah Dunsby |Joe Nellis |James Green |Letitia Randell
The Bank of England governor Andrew Bailey has said that due to the “unpredictable” worldwide economic situation the UK’s interest rate cut is “shrouded” in “more uncertainty,” plus the ongoing US-China trade war. During a Treasury Committee meeting Bailey told MPs that they have “genuine concerns” over the trade tensions. Along with members of the Monetary Policy Committee (MPC) they told the committee they do not know if interest rates will hold, be lowered or even raised.
