Plea to government to take urgent action over energy crisis
Business groups have called on the government to take urgent action to deal with the energy crisis.
The British Chambers of Commerce, Confederation of British Industry, Federation of Small Business, Institute of Directors and Make UK wrote to the chancellor asking him to act ‘decisively’ to support consumers with spiralling bills and help business manage inflated costs.
‘In doing so, the government can set the conditions for a more resilient and competitive energy system that can underpin the UK’s transition to net zero in the years ahead,’ they said.
Fuel prices should be 3p a litre lower, says the AA
Petrol prices should be cut by as much as 3p a litre despite a 10 per cent leap in wholesale costs since Christmas, according to new analysis.
Since mid-December, average petrol prices have been ‘stuck in a rut’ at between 145.5p to 146.0p a litre, the AA said.
This is despite wholesale prices falling from 54.3p a litre in the second week of November to 46.3p over Christmas and staying below 51p even with a surge in oil prices to a seven-year high. The average price of a litre of petrol should be around 142p-143p – up to 3p lower than current levels, according to the AA.
US grill company apologises for mistimed Meat Loaf recipe-of-the-week email
US grill-maker Weber has offered its ‘deepest apologies’ to customers after sending a recipe-of-the-week email for barbecue meatloaf on the same day as US rocker Meat Loaf’s death.
The company said it was ‘unaware’ of the news when the recipe was sent out and apologised for any offence caused.
A post on Meat Loaf’s Facebook page yesterday announced he had died aged 74, with his family and friends at his side.
David Dimbleby suggests council tax link for BBC licence fee alternative
David Dimbleby has suggested the BBC licence fee should be linked to council tax to make it fairer, as the government questions future funding of the broadcaster.
Culture secretary Nadine Dorries said at the beginning of the week that the licence fee would be frozen at £159 a year until 2024, after which it will rise in line with inflation for the following four years.
The former Question Time host told BBC Radio 4’s World At One programme the current system of a flat fee paid by the poorest as well as the richest was ‘inequitable’, adding that a simple solution ‘would be to attach an element of the licence fee to the council tax band’.
Guinness owner set to reveal strong growth as economy opens up
Drinks giant Diageo is expected to reveal a boost in profits close to pre-pandemic levels, as the company updates the stock market on how it fared in the second half of 2021.
Analysts are predicting pre-tax profits of £2.4bn when the results are announced on Thursday – a nine per cent rise on the £2.2bn recorded during the six months to the end of December 2020.
The company, which makes Guinness, Johnnie Walker, Smirnoff and Captain Morgan, saw pre-tax profits of £2.46bn in the same period before the pandemic hit.
David Brown Automotive unveils Speedback Silverstone Edition
David Brown Automotive has revealed its latest Speedback Silverstone Edition cars.
One of just 10 set to be built, this particular car has been built for an owner in Asia and creating it took more than 8,000 hours of work.
It features an aluminium body and a six-speed semi-automatic gearbox, while powering the Speedback Silverstone Edition is a 5.0-litre V8 engine with 601bhp. It can manage the 0-60mph sprint in 4.2 seconds and will carry on to a top speed of 155mph.
Friday Car Dealer headlines you might have missed
- Troubled dealership ordered to pay more than £1,100 for failing to tell police name of suspect
- RRG Group opens its first MG showroom with site in Stockport
- Kia does the double twice over as EV6 is named Car of the Year for 2022 by What Car?
- Gigafactory proposal for Northumberland wins millions in government funding
- IMI names winner of MOT testers competition
Universities minister says unsatisfied students should apply for refunds
Universities minister Michelle Donelan has encouraged students to apply for refunds on courses if they are unsatisfied.
She told the Daily Telegraph that students should ‘absolutely’ apply for refunds, adding: ‘They are consumers at the end of the day. They’re paying a substantial amount of money that’s an investment in their own lives. They deserve that appeal right.
‘I have had to really say to vice-chancellors, you need to ensure that you are delivering on what you promised to students because, as the prime minister outlined, we’ve got to learn to live with this virus now.’
Mars gives M&M’s characters a makeover to promote inclusivity
Confectionery company Mars is giving a makeover to the six M&M’s characters to promote inclusivity.
The company said that it will provide a modern take on the appearances of the characters – which Mars calls ‘lentils’ — and give them more nuanced personalities.
The lentils, which are featured in red, green, orange, yellow, brown and blue, will also come in different shapes and sizes. Some of the changes to the characters include having the green sweet switch its footwear from boots to trainers.
The FTSE 100 ended the week down by 90.88 points yesterday to close at 7,494.13.
Meanwhile, the Cac 40 fell by 125.57 points to end on 7,068.59, the Dax was down 308.45 at 15,603.88 and the Dow Jones was also down 450.02 at 34,265.37.
It’ll be mainly drab and dry today, says BBC Weather. North-western areas will be breezy, while the north-east will enjoy bright spells. Some areas of western Scotland will experience light rain.
Sunday will see thick cloud and light winds across much of the UK. There’ll be bright spells in some areas of Wales and northern England, although the north-west will experience showers and breezes.