Recent mergers in the energy sector has led to Big Six ‘shakeup’

Scottish Power took on 130,000 customers from failed supplier Tonik Energy last week, increasing its market share considerably.  As of 31 July 2020, Scottish Power held an 8.7 per cent share of the UK energy supply market and Tonik Energy had 0.6 per cent, meaning the Big Six supplier now has a 9.3 per cent … Read more

Leaders announce £40m emergency aid package for Liverpool region’s struggling hospitality sector

Political leaders in Liverpool announce £40million emergency aid package for the region’s struggling pubs, bars and restaurants amid Covid lockdown Council leaders from Liverpool and surrounding areas scrambled to find funding They are urging the Government to provide more long-term financial support It comes as region hit by tighter coronavirus restrictions last week as cases … Read more

Construction sector suffers ‘setback’ as growth stalls

Construction sector suffers ‘setback’ as growth stalled in August By Daily Mail City & Finance Reporter Published: 21:57 BST, 4 September 2020 | Updated: 21:57 BST, 4 September 2020 The construction sector suffered a ‘setback’ as growth stalled in August.  The industry saw growth slow down last month as firms warned of a lack of … Read more

The 26-year-old CEO of a private jet firm reveals how the sector is booming

Private jets have long been considered to be reserved just for the rich and famous – a luxury many of us could only dream of.  But that is all changing, partly thanks to the coronavirus, according to claims from the 26 year-old chief executive of start-up private charter firm TailHail. Prices are also down, meaning … Read more

More than 90,000 jobs in travel sector have been lost or at risk because of Covid

More than 90,000 travel sector jobs have been lost or placed at risk since the coronavirus crisis started, the association of travel agents and tour operators has said.  ABTA has written to Chancellor Rishi Sunak asking for Government measures to support businesses, warning that the job situation in the industry had reached a ‘critical point’ … Read more

Coronavirus UK: Public sector debt goes above £2 TRILLION for the first time

Public sector debt has now gone above £2 trillion for the first time in history as the Government was forced to borrow cash to keep UK plc afloat during the coronavirus crisis.  Ministers borrowed £26.7 billion in July alone, according to the latest data published by the Office for National Statistics.  The ONS said borrowing for … Read more

Coronavirus UK: Public sector debt goes above £2 TRILLION for the first time

UK public sector debt goes above £2 TRILLION for the first time in history as ministers borrowed £27 billion in July alone because of coronavirus crisis Statistics show public sector debt is now above £2 trillion for the first time ever  Office for National Statistics said borrowing in July was just shy of £30 billion … Read more

Coronavirus UK: Charity sector loses 25k jobs with 35k at risk

Charity sector has lost 25,000 jobs in Covid crisis with another 35,000 likely to follow as fundraising events are axed, charity shops shut and donations dry up In a survey of 455 UK charities 19 per cent have already made redundancies Further 23 per cent plan to make more cutbacks once the furlough scheme ends … Read more

Coronavirus UK: Charity sector loses 25k jobs with 35k at risk

Charity sector has lost 25,000 jobs in Covid crisis with another 35,000 likely to follow as fundraising events are axed, charity shops shut and donations dry up In a survey of 455 UK charities 19 per cent have already made redundancies Further 23 per cent plan to make more cutbacks once the furlough scheme ends … Read more

Dept of Energy asks private sector for ideas on building nuclear power plants on the moon and Mars

Department of Energy asks private sector for ideas on building autonomous nuclear power plants on the moon and Mars – opening the way for long-term exploration The U.S. Department of Energy on Friday made a formal request for ideas They want to build a nuclear power plant that could allow long-term life in space They … Read more