Brit’s starting a new business, hits record high
According to the Global Entrepreneurship Monitor. Nearly 13% of adults are in the first three months of starting a new business or are already running a young enterprise.
This is a big jump compared to 8 per cent in 2020. A common reason for not starting a business is the fear of failure.
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Car industry calls for Electric Charge Watchdog
The UK car industry has called for a watchdog to oversee electric car charging prices and the availability of charge points. The growth in electric vehicles sales is outstripping the rollout of charging points, the Society of Motor Manufacturers and Traders (SMMT) said.
With the increasing sales of electric cars, electric chargers aren’t meeting the demand. While there is soaring interest in electric cars, this hasn’t translated into vehicles on the road.
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Hybrid working is here to stay, say Managers
More than 80% of businesses have adopted hybrid working, with the pandemic forcing businesses to work from home, it has shown that work can still run without being in the office environment.
Large companies were more likely than small ones to bring hybrid working practices, while jobs in factories, transport and trades were less likely to offer the option.
The survey found that firms offered staff flexibility to choose, which days they came into the office.
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Inflation hits a 30-year high of 5.5%: How high will it go, what’s driving it up and what is the impact on investors?
The cost-of-living crisis continues to intensify, rising to a near-30 year high of 5.5 per cent.
HSBC is forecasting that inflation will soar further, due to painful energy price rises before peaking at 7.25 per cent in April – the highest level since August 1991.
Energy prices are the driver of inflation pressure, with many people paying £700 more than last year. With the supply chain issues still occurring and a surge of sales post covid, businesses have had to increase their prices.
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