![](\"https://multiply.ghost.io/content/images/2021/09/Adviser-view---current-1-1.png\")
15 million households will face higher gas and electricity bills from today, as a new energy price cap takes effect. The price cap - which limits the amount providers can charge - is going up by £139 a year. Customers with a prepayment meter will see a £153 increase. The change comes amid rising gas prices, which have forced 9 companies to go bust so far.
Adviser view: With prices having risen so steeply, we believe there is now potentially as much savings to be had by looking at how you use utilities as opposed to reviewing just the supplier of them, e.g. turning down the thermostat by just one degree on your central heating could save around £80 per year.
Business confidence has taken a knock as rising prices and supply chain shortages threaten to create “stagflation”. Despite sounding like a game you’d play on a lads’ holiday, it actually describes a situation of zero growth and high inflation. Last seen in the 70s, stagflation is bad news for business, leaving them squeezed by high prices and low revenue.
Sainsbury’s is planning a massive Christmas hiring spree, to help it get through the seasonal rush. The retail group, which also owns Argos, needs 22,000 temporary staff including drivers, logistics workers and store staff.
Wetherspoon has suffered double its usual losses in the past year as sales slumped by 38% due to coronavirus restrictions. The pub chain also said it’s struggling to recruit staff in the aftermath of Brexit.
","url":"https://multiply.ghost.io/energy-bills-jump/","uuid":"1e107274-5254-4940-bd30-5db6da2254c8","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"6156c9cb356d59003b272575"}},{"node":{"id":"Ghost__Post__615437bb356d59003b27255c","title":"Fish fight","slug":"fish-fight","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/09/Header-image---current--8-.png","excerpt":"Plus: £500 refund from BT? Hamster beating crypto traders, and mortgage lending going up.","custom_excerpt":"Plus: £500 refund from BT? Hamster beating crypto traders, and mortgage lending going up.","created_at_pretty":"29 September, 2021","published_at_pretty":"29 September, 2021","updated_at_pretty":"29 September, 2021","created_at":"2021-09-29T09:54:03.000+00:00","published_at":"2021-09-29T09:55:22.000+00:00","updated_at":"2021-09-29T09:55:22.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Fishing rights\nFrench fishing boats have accused the UK of playing politics with fishing\nrights, after three quarters of small vessels were denied permission to fish in\nBritish waters\n[https://www.reuters.com/world/uk/uk-denies-fishing-permits-three-quarters-small-french-boats-2021-09-29/]\n. It’s a fraught issue; earlier this year both France and the UK dispatched\npatrol boats to Jersey to monitor a protest flotilla of French trawlers.\n\nClaim against BT\n2 million customers who may have been overcharged for their landline\n[https://www.cityam.com/court-gives-600m-compensation-case-against-bt-the-green-light/] \nby BT will have their day in court. The £600 million case has been approved for\na full trial next month. If it’s successful, affected customers could receive\n£500 each in compensation.\n\nCrypto hamster triumphs\nTraders, take note: a hamster is beating human crypto investors\n[https://www.bbc.co.uk/news/technology-58707641] with his tactical trades. His\nlifetime performance is up 20%. Mr Goxx makes trading decisions by running on\nhis “intention wheel” and running through either the “buy” or “sell” tunnel in\nhis cage. And if you’re looking to learn from the master, you can watch his\nlivestream on Twitch.\n\nMortgages restart\nLending has increased again in August\n[https://www.reuters.com/world/uk/uk-mortgage-lending-resumes-after-tax-break-blip-2021-09-29/]\n, after a post-stamp duty holiday blip earlier this summer. Overall lending went\nup by £5.3 billion, although the number of mortgage approvals dipped slightly.\n74,453 mortgages were approved in total in August.","html":"French fishing boats have accused the UK of playing politics with fishing rights, after three quarters of small vessels were denied permission to fish in British waters. It’s a fraught issue; earlier this year both France and the UK dispatched patrol boats to Jersey to monitor a protest flotilla of French trawlers.
2 million customers who may have been overcharged for their landline by BT will have their day in court. The £600 million case has been approved for a full trial next month. If it’s successful, affected customers could receive £500 each in compensation.
Traders, take note: a hamster is beating human crypto investors with his tactical trades. His lifetime performance is up 20%. Mr Goxx makes trading decisions by running on his “intention wheel” and running through either the “buy” or “sell” tunnel in his cage. And if you’re looking to learn from the master, you can watch his livestream on Twitch.
Lending has increased again in August, after a post-stamp duty holiday blip earlier this summer. Overall lending went up by £5.3 billion, although the number of mortgage approvals dipped slightly. 74,453 mortgages were approved in total in August.
","url":"https://multiply.ghost.io/fish-fight/","uuid":"c9f07606-10f2-4c6d-a7f3-5f47f89a51fe","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"615437bb356d59003b27255c"}},{"node":{"id":"Ghost__Post__615580ed356d59003b272567","title":"Furlough ends","slug":"furlough-ends","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/09/Header-image---current--9-.png","excerpt":"Plus: house price growth eases off, 100,000 renters at risk of eviction, £500m new cost of living grants.","custom_excerpt":"Plus: house price growth eases off, 100,000 renters at risk of eviction, £500m new cost of living grants.","created_at_pretty":"30 September, 2021","published_at_pretty":"29 September, 2021","updated_at_pretty":"30 September, 2021","created_at":"2021-09-30T09:18:37.000+00:00","published_at":"2021-09-29T09:19:00.000+00:00","updated_at":"2021-09-30T09:27:10.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"End of furlough\nThe furlough scheme comes to an end\n[https://www.bbc.co.uk/news/business-58735299] today, leaving an estimated 1\nmillion people in limbo. Experts predict a small rise in unemployment after the\nsupport is withdrawn. It cost nearly £70 billion in total and kept many\nbusinesses afloat without needing to lay off staff, particularly in hard hit\nsectors like travel and hospitality.\n\nHouse price growth eases\nHouse prices are slowing down, with just 0.1% growth\n[https://www.cityam.com/uk-house-prices-growth-eases-back-to-10-per-cent-with-london-slowing-the-most/] \nbetween August and September according to Nationwide. It means prices are up 10%\nfrom September 2020. The mortgage provider also says Wales and Northern Ireland\nwere the strongest performers, while London lagged behind.\n\nAdviser view: We had expected to see the house prices slow down. In the longer\nterm, we'll be looking to see if this is just a slowdown or a turn towards\nfalling prices. We think this figure is a good barometer for the house market\nbut you need to make sure that you understand what is happening in your local\nmarket - all areas are different.\n\nEviction risk\n100,000 renters could be at risk of eviction\n[https://www.theguardian.com/society/2021/sep/30/100000-renters-in-england-risk-eviction-when-universal-credit-is-cut] \nwhen £20 Universal Credit cut comes in next week, Crisis warns. The housing\ncharity says 1 in 3 private renters in England rely on benefits. Scotland, Wales\nand Northern Ireland have extended eviction protections until next year, to give\nstruggling families some breathing space.\n\nAdviser view: If you're struggling to meet your rent, we recommend talking to\nyour landlord before you miss a payment. That way, they're more likely to be\nsympathetic.\n\nCost of living grants\nThe government has announced £500 million in grants\n[https://www.bbc.co.uk/news/business-58743920] to help families struggling with\nthe rising cost of living. Rising energy prices and the end of coronavirus\nsupport are making it hard for many to make ends meet. The grants will be\navailable from next month and will run over winter.","html":"The furlough scheme comes to an end today, leaving an estimated 1 million people in limbo. Experts predict a small rise in unemployment after the support is withdrawn. It cost nearly £70 billion in total and kept many businesses afloat without needing to lay off staff, particularly in hard hit sectors like travel and hospitality.
House prices are slowing down, with just 0.1% growth between August and September according to Nationwide. It means prices are up 10% from September 2020. The mortgage provider also says Wales and Northern Ireland were the strongest performers, while London lagged behind.
Adviser view: We had expected to see the house prices slow down. In the longer term, we'll be looking to see if this is just a slowdown or a turn towards falling prices. We think this figure is a good barometer for the house market but you need to make sure that you understand what is happening in your local market - all areas are different.
100,000 renters could be at risk of eviction when £20 Universal Credit cut comes in next week, Crisis warns. The housing charity says 1 in 3 private renters in England rely on benefits. Scotland, Wales and Northern Ireland have extended eviction protections until next year, to give struggling families some breathing space.
Adviser view: If you're struggling to meet your rent, we recommend talking to your landlord before you miss a payment. That way, they're more likely to be sympathetic.
The government has announced £500 million in grants to help families struggling with the rising cost of living. Rising energy prices and the end of coronavirus support are making it hard for many to make ends meet. The grants will be available from next month and will run over winter.
","url":"https://multiply.ghost.io/furlough-ends/","uuid":"96be2590-0891-47db-aef1-64c55ed6db02","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"615580ed356d59003b272567"}},{"node":{"id":"Ghost__Post__6152d67d8e1ebf0048789ddf","title":"Army on standby","slug":"army-on-standby","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/09/Header-image---current--7-.png","excerpt":"Plus: gov takes over Southeastern rail, warehouse workers get 30% pay rise, wfh helps women progress.","custom_excerpt":"Plus: gov takes over Southeastern rail, warehouse workers get 30% pay rise, wfh helps women progress.","created_at_pretty":"28 September, 2021","published_at_pretty":"28 September, 2021","updated_at_pretty":"28 September, 2021","created_at":"2021-09-28T08:46:53.000+00:00","published_at":"2021-09-28T08:49:37.000+00:00","updated_at":"2021-09-28T08:49:37.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Call in the troops\nThe army is on standby to deliver fuel to forecourts\n[https://www.bbc.co.uk/news/uk-58713770] which have run dry. After 4 days of\nlong queues and panic buying, 150 military tanker drivers are prepping to get\nbehind the wheel. Fuel is running low at the pumps, but remains plentiful at\nrefineries.\n\nRail takeover\nSoutheastern train services have been taken over by the government\n[https://www.theguardian.com/business/2021/sep/28/government-to-take-over-southeastern-after-serious-breach-of-franchise] \nafter an investigation found £25 million of undisclosed taxpayer funding. This\n“serious breach” by the rail company could be looked into by the Serious Fraud\nOffice. All the money has now been recovered.\n\n30% pay rise\nWarehouse workers are enjoying a 30% pay rise\n[https://www.reuters.com/world/uk/british-warehouse-worker-shortage-triggers-up-30-pay-spike-2021-09-27/] \nas bosses struggle to recruit enough staff. The warehouse sector says it needs\ntens of thousands more workers, and warns that stacked crises could hit\nstretched supply chains in the run up to Black Friday and Christmas.\n\nProgress from home\nOver half of women surveyed say working from home helps them to progress in\ntheir careers [https://www.bbc.co.uk/news/business-58708958] by making it easier\nto balance childcare with full time work. Women did two-thirds more childcare\nthan men during the first lockdown, according to the Office for National\nStatistics (ONS).","html":"The army is on standby to deliver fuel to forecourts which have run dry. After 4 days of long queues and panic buying, 150 military tanker drivers are prepping to get behind the wheel. Fuel is running low at the pumps, but remains plentiful at refineries.
Southeastern train services have been taken over by the government after an investigation found £25 million of undisclosed taxpayer funding. This “serious breach” by the rail company could be looked into by the Serious Fraud Office. All the money has now been recovered.
Warehouse workers are enjoying a 30% pay rise as bosses struggle to recruit enough staff. The warehouse sector says it needs tens of thousands more workers, and warns that stacked crises could hit stretched supply chains in the run up to Black Friday and Christmas.
Over half of women surveyed say working from home helps them to progress in their careers by making it easier to balance childcare with full time work. Women did two-thirds more childcare than men during the first lockdown, according to the Office for National Statistics (ONS).
","url":"https://multiply.ghost.io/army-on-standby/","uuid":"e9f23ac0-d0a4-4950-b81d-91914d06c2ad","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"6152d67d8e1ebf0048789ddf"}},{"node":{"id":"Ghost__Post__615183d48e1ebf0048789dcf","title":"Running out of gas","slug":"running-out-of-gas","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/09/Header-image---current--6-.png","excerpt":"Plus: house prices to grow 3.5% next year? Doctors could start prescribing debt advice.","custom_excerpt":"Plus: house prices to grow 3.5% next year? Doctors could start prescribing debt advice.","created_at_pretty":"27 September, 2021","published_at_pretty":"27 September, 2021","updated_at_pretty":"27 September, 2021","created_at":"2021-09-27T08:41:56.000+00:00","published_at":"2021-09-27T08:43:12.000+00:00","updated_at":"2021-09-27T08:43:12.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Fuel shortages\nCompetition law is set to be suspended to help get petrol into pumps\n[https://www.bbc.co.uk/news/uk-58701620], following a weekend of panic buying\nand long queues at fuel stations. The move will apparently make it easier for\ncompanies to share information and prioritise the worst-hit parts of the\ncountry. The government is also considering bringing in the army to deliver\nfuel. Around half of the UKs fuel stations are empty, and many more are running\non fumes.\n\nPrice growth predictions\nHouse prices could continue to rise up to 3.5% a year\n[https://www.theguardian.com/money/2021/sep/27/uk-house-prices-forecast-to-rise-by-up-to-35-a-year-between-2022-and-2024] \nbetween 2022 and 2024, according to Hamptons.The estate agent reckons the race\nfor space is set to continue, with buyers still hankering after gardens and home\noffices. However, it thinks growth peaked in summer 2021 and will now start to\nslow down.\n\nAdviser view: This is just one estate agent’s forecast, but it’s plausible. A\nlack of properties in the market and an expectation that more people will work\nfrom home will surely have some impact on the property market over the coming\nyears.\n\nDebt doctor\nGPs could start prescribing debt advice\n[https://inews.co.uk/news/health/money-mental-health-gps-debt-advice-covid-recovery-1215965] \nand job support to help people recover from economic hardship, according to the\nSocial Market Foundation (SMF). The think tank says financial prescribing could\nbe a lifeline for those who’ve lost income. Currently, patients can be referred\nto services to help them get fit, connect with others, or find mood-boosting\nhobbies - the NHS aims to hand out 900,000 of these social prescriptions by\n2023.","html":"Competition law is set to be suspended to help get petrol into pumps, following a weekend of panic buying and long queues at fuel stations. The move will apparently make it easier for companies to share information and prioritise the worst-hit parts of the country. The government is also considering bringing in the army to deliver fuel. Around half of the UKs fuel stations are empty, and many more are running on fumes.
House prices could continue to rise up to 3.5% a year between 2022 and 2024, according to Hamptons.The estate agent reckons the race for space is set to continue, with buyers still hankering after gardens and home offices. However, it thinks growth peaked in summer 2021 and will now start to slow down.
Adviser view: This is just one estate agent’s forecast, but it’s plausible. A lack of properties in the market and an expectation that more people will work from home will surely have some impact on the property market over the coming years.
GPs could start prescribing debt advice and job support to help people recover from economic hardship, according to the Social Market Foundation (SMF). The think tank says financial prescribing could be a lifeline for those who’ve lost income. Currently, patients can be referred to services to help them get fit, connect with others, or find mood-boosting hobbies - the NHS aims to hand out 900,000 of these social prescriptions by 2023.
","url":"https://multiply.ghost.io/running-out-of-gas/","uuid":"a39afb7e-0bde-4e88-a3c0-134577512751","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"615183d48e1ebf0048789dcf"}},{"node":{"id":"Ghost__Post__614d88918e1ebf0048789dba","title":"Uber pays pensions","slug":"uber-pays-pensions","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/09/Header-image---current-6.png","excerpt":"Plus: Tips must go to staff, and engineers want to recycle buildings","custom_excerpt":"Plus: Tips must go to staff, and engineers want to recycle buildings","created_at_pretty":"24 September, 2021","published_at_pretty":"24 September, 2021","updated_at_pretty":"24 September, 2021","created_at":"2021-09-24T08:13:05.000+00:00","published_at":"2021-09-24T08:21:55.000+00:00","updated_at":"2021-09-24T08:21:55.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Tim Elder","slug":"tim","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Uber drivers auto-enrolled\nA landmark supreme court ruling forced the company to guarantee its 70,000 UK\ndrivers a minimum hourly wage, holiday pay, and pensions. Today, Uber announced\nits drivers will now be auto-enrolled\n[https://www.theguardian.com/technology/2021/sep/24/uber-to-pay-pensions-to-all-its-uk-drivers-backdated-to-2017] \nto a pension scheme, and receive back payments. Drivers can choose to contribute\nup to 5% of qualifying earnings but will be able to opt out.\n\n\n\n\nTips must go to staff\nGovernment plans will make it illegal for hospitality firms to withhold tips\n[https://www.bbc.co.uk/news/business-58669632] from workers. If an employer\nbreaks the new rules they could be forced to pay compensation or face fines.\nHighstreet chains including Pizza Express, Cote Brasserie and Bill's, have been\naccused of keeping tips.\n\n\nCalls to recycle buildings\nBritain’s top engineers are urging the government to reuse buildings where\npossible [https://www.bbc.co.uk/news/science-environment-58667328], and to build\nusing recycled material and clean fuels. They are concerned about \"embodied\nemissions\", which is the CO2 emitted when buildings and materials are made.\nMaking cement alone causes 8% of global emissions.","html":"A landmark supreme court ruling forced the company to guarantee its 70,000 UK drivers a minimum hourly wage, holiday pay, and pensions. Today, Uber announced its drivers will now be auto-enrolled to a pension scheme, and receive back payments. Drivers can choose to contribute up to 5% of qualifying earnings but will be able to opt out.
Government plans will make it illegal for hospitality firms to withhold tips from workers. If an employer breaks the new rules they could be forced to pay compensation or face fines. Highstreet chains including Pizza Express, Cote Brasserie and Bill's, have been accused of keeping tips.
Britain’s top engineers are urging the government to reuse buildings where possible, and to build using recycled material and clean fuels. They are concerned about \"embodied emissions\", which is the CO2 emitted when buildings and materials are made. Making cement alone causes 8% of global emissions.
Nearly 1.5 million customers face being switched to a new energy company after their suppliers’ collapse. Avro Energy and Green went bust on Wednesday, becoming the latest casualties of soaring gas prices. So far, the big energy companies are staying afloat - but Green boss predicted that they’d soon face problems too.
Tesco has warned that empty shelves will get “ten times worse” by Christmas if the lorry driver crisis goes unaddressed. There’s a shortage of around 100,000 drivers across the industry, thanks to a triple whammy of Brexit, the pandemic and changes to tax rules. The supermarket wants the government to make it easier to recruit drivers from abroad.
In a speech to the United Nations, Boris Johnson has told the world to “grow up” and tackle the climate crisis. He was speaking to world leaders ahead of the COP26 climate summit in Glasgow next month. Carbon emissions will be 16% higher in 2030 than they were in 2010, according to UN analysis of countries’ pledges - far off the 45% cut needed to avoid disastrous climate change.
","url":"https://multiply.ghost.io/energy-firms-collapse/","uuid":"825a2ba3-01b9-4c3d-a17c-6e201b1084e7","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"614c429d8e1ebf0048789dab"}},{"node":{"id":"Ghost__Post__614aef4d6e4273003be1e451","title":"Fizz shortage","slug":"fizz-shortage","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/09/Header-image---current--4-.png","excerpt":"Plus: £1 billion in unpaid pensions and Pret’s opening in a suburb near you.","custom_excerpt":"Plus: £1 billion in unpaid pensions and Pret’s opening in a suburb near you.","created_at_pretty":"22 September, 2021","published_at_pretty":"22 September, 2021","updated_at_pretty":"22 September, 2021","created_at":"2021-09-22T08:54:37.000+00:00","published_at":"2021-09-22T08:55:25.000+00:00","updated_at":"2021-09-22T08:55:25.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Burst bubbles\nThe gas price crisis could lead to more gaps on supermarket shelves\n[https://www.bbc.co.uk/news/business-58641394], as fizzy drinks, food packaging\nand the meat industry all face a shortage of carbon dioxide (CO2). 2 major\nplants which produce CO2 have been forced to shut down amid soaring gas prices.\nAnd without their output, supply chains face running out of fizz.\n\nUnpaid pensions\nPensioners short-changed to the tune of £1 billion\n[https://www.theguardian.com/money/2021/sep/22/uk-pensioners-short-changed-by-more-than-1bn-says-watchdog] \nwere let down by human error according to the government spending watchdog. It\nsaid the catalogue of errors, rendered inevitable by complex rules and outdated\nIT systems, has meant 134,000 people have been underpaid. Those affected can\nclaim up to £8,900 each.\n\nPret’s going local\nFancy popping down to your friendly neighbourhood Pret a Manger for lunch? The\ncoffee and sandwich chain plans to open 200 new shops\n[https://www.cityam.com/suburban-takeover-pret-sets-out-plans-200-new-shops/] in\nresidential and suburban areas, aiming to double its size within 5 years. Its\nCEO says hybrid working is here to stay, meaning quieter urban trade on Mondays\nand Fridays as well as weekends.","html":"The gas price crisis could lead to more gaps on supermarket shelves, as fizzy drinks, food packaging and the meat industry all face a shortage of carbon dioxide (CO2). 2 major plants which produce CO2 have been forced to shut down amid soaring gas prices. And without their output, supply chains face running out of fizz.
Pensioners short-changed to the tune of £1 billion were let down by human error according to the government spending watchdog. It said the catalogue of errors, rendered inevitable by complex rules and outdated IT systems, has meant 134,000 people have been underpaid. Those affected can claim up to £8,900 each.
Fancy popping down to your friendly neighbourhood Pret a Manger for lunch? The coffee and sandwich chain plans to open 200 new shops in residential and suburban areas, aiming to double its size within 5 years. Its CEO says hybrid working is here to stay, meaning quieter urban trade on Mondays and Fridays as well as weekends.
","url":"https://multiply.ghost.io/fizz-shortage/","uuid":"86af3beb-b6cb-4f52-abf5-795ab7fdac17","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"614aef4d6e4273003be1e451"}},{"node":{"id":"Ghost__Post__61499af46e4273003be1e441","title":"Gas price crisis","slug":"gas-price-crisis","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/09/Header-image---current--3-.png","excerpt":"Plus: inflation pushes up government borrowing, Addison Lee goes all-electric, right to work from home.","custom_excerpt":"Plus: inflation pushes up government borrowing, Addison Lee goes all-electric, right to work from home.","created_at_pretty":"21 September, 2021","published_at_pretty":"21 September, 2021","updated_at_pretty":"21 September, 2021","created_at":"2021-09-21T08:42:28.000+00:00","published_at":"2021-09-21T08:44:01.000+00:00","updated_at":"2021-09-21T08:44:01.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Price cap stays\nOfgem and Business Secretary Kwarsi Kwarteng have confirmed that the price cap -\nwhich limits how much you pay for energy - will remain in place\n[https://www.bbc.co.uk/news/business-58634106]. Energy providers are struggling\namid soaring gas wholesale prices, but can’t pass on the costs to their\ncustomers. The current price cap is £1,138 a year, but is set to rise to £1,277\nin October.\n\nInflation bites\nGovernment borrowing went up unexpectedly in August\n[https://www.bbc.co.uk/news/business-58604552], as interest payments rose on the\nback of higher inflation. The costs of coronavirus, coupled with a lower tax\ntake, have pushed government debt to more than £2.2 trillion, or about 97.6% of\nGDP. When inflation goes up, this debt becomes more expensive.\n\nAll-electric taxis\nWant an emission-free ride? You’ll soon be able to hail an electric Addison Lee.\nThe taxi company has pledged to electrify by 2023\n[https://www.cityam.com/london-taxi-giant-addison-lee-goes-fully-electric-by-pumping-160m-in-4000-cars/]\n, shifting its 4,000-strong fleet onto battery power. It’ll put 200 electric\nvehicles on the road every month from November.\n\nWorking from home\nThe right to request flexible working will become law\n[https://www.cityam.com/uk-employees-to-be-allowed-to-work-from-home-from-day-one-under-new-proposals/] \non Thursday, allowing any employees to put in a request from their first day at\na new job. Before the pandemic, you had to accrue 26 weeks of service before\nasking to work from home.","html":"Ofgem and Business Secretary Kwarsi Kwarteng have confirmed that the price cap - which limits how much you pay for energy - will remain in place. Energy providers are struggling amid soaring gas wholesale prices, but can’t pass on the costs to their customers. The current price cap is £1,138 a year, but is set to rise to £1,277 in October.
Government borrowing went up unexpectedly in August, as interest payments rose on the back of higher inflation. The costs of coronavirus, coupled with a lower tax take, have pushed government debt to more than £2.2 trillion, or about 97.6% of GDP. When inflation goes up, this debt becomes more expensive.
Want an emission-free ride? You’ll soon be able to hail an electric Addison Lee. The taxi company has pledged to electrify by 2023, shifting its 4,000-strong fleet onto battery power. It’ll put 200 electric vehicles on the road every month from November.
The right to request flexible working will become law on Thursday, allowing any employees to put in a request from their first day at a new job. Before the pandemic, you had to accrue 26 weeks of service before asking to work from home.
","url":"https://multiply.ghost.io/gas-price-crisis/","uuid":"fb89ed44-e8c9-45e6-bafc-8d5d005281a4","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"61499af46e4273003be1e441"}},{"node":{"id":"Ghost__Post__61484f4c6e4273003be1e425","title":"Rescue loans for gas suppliers","slug":"rescue-loans-for-gas-suppliers","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/09/Header-image---current--1--1.png","excerpt":"Plus: house prices increase by £15, $100bn climate goal “tough” to meet, office workers return in loungewear.","custom_excerpt":"Plus: house prices increase by £15, $100bn climate goal “tough” to meet, office workers return in loungewear.","created_at_pretty":"20 September, 2021","published_at_pretty":"20 September, 2021","updated_at_pretty":"20 September, 2021","created_at":"2021-09-20T09:07:24.000+00:00","published_at":"2021-09-20T09:11:46.000+00:00","updated_at":"2021-09-20T09:11:46.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Gas bailouts\nEnergy suppliers, including Bulb - the UK’s sixth largest supplier - might need\nemergency bailouts [https://www.bbc.co.uk/news/business-58620167] just to keep\nthe heating on this autumn. 4 smaller companies have already gone bust. The\ngovernment is holding crisis talks this morning to discuss state-backed rescue\nloans. Why? Gas wholesale prices have skyrocketed 250% since January, with an\nespecially steep hike since August.\n\nAdviser view: “If a supplier fails, the energy watchdog, Ofgem, will make sure\nthat household supplies continue and customers will not lose any money owed to\nthem”\n\nHouse prices level off\nAsking prices for properties in the UK increased by just £15\n[https://www.cityam.com/buyers-face-hot-competition-average-house-prices-all-time-high/] \nin August, according to Rightmove. The average home now costs £338,462 when it\nfirst comes to market. 14% more hore homes were listed in the first 2 weeks of\nSeptember, compared to the first 2 weeks of August, which could help to ease\nsome of the competition between buyers.\n\nAdviser view: “This data shows price growth slowing down, which was expected. We\nhave also seen an increase in the number of properties coming on to the market,\nboosting supply and potentially reducing pressure on prices.”\n\nClimate finance goals\nBoris Johnson says there’s a 60% chance of raising $100 billion\n[https://www.theguardian.com/global-development/2021/sep/20/meeting-cop26-finance-goals-going-to-be-tough-says-boris-johnson] \nto help developing nations cope with climate change and transition to low-carbon\ntechnologies. This $100bn fund, raised from richer nations, is a key part of the\nCOP26 climate summit in November. But the PM says it’ll be “tough” to secure the\nfunding.\n\nOffice loungewear?\nSales of leggings, jogging bottoms and fleece are continuing to climb as workers\nreturn to the office, still clad in their elasticated waists. Employers are \nripping up dress codes\n[https://inews.co.uk/news/consumer/office-dress-codes-workwear-bosses-rules-working-frrom-home-staff-return-1206005] \nto allow more casual clobber in the workplace, according to HR experts. And\nretailers are tuned in; M&S recently announced it’s no longer selling suits at\nhalf of its stores.","html":"Energy suppliers, including Bulb - the UK’s sixth largest supplier - might need emergency bailouts just to keep the heating on this autumn. 4 smaller companies have already gone bust. The government is holding crisis talks this morning to discuss state-backed rescue loans. Why? Gas wholesale prices have skyrocketed 250% since January, with an especially steep hike since August.
Adviser view: “If a supplier fails, the energy watchdog, Ofgem, will make sure that household supplies continue and customers will not lose any money owed to them”
Asking prices for properties in the UK increased by just £15 in August, according to Rightmove. The average home now costs £338,462 when it first comes to market. 14% more hore homes were listed in the first 2 weeks of September, compared to the first 2 weeks of August, which could help to ease some of the competition between buyers.
Adviser view: “This data shows price growth slowing down, which was expected. We have also seen an increase in the number of properties coming on to the market, boosting supply and potentially reducing pressure on prices.”
Boris Johnson says there’s a 60% chance of raising $100 billion to help developing nations cope with climate change and transition to low-carbon technologies. This $100bn fund, raised from richer nations, is a key part of the COP26 climate summit in November. But the PM says it’ll be “tough” to secure the funding.
Sales of leggings, jogging bottoms and fleece are continuing to climb as workers return to the office, still clad in their elasticated waists. Employers are ripping up dress codes to allow more casual clobber in the workplace, according to HR experts. And retailers are tuned in; M&S recently announced it’s no longer selling suits at half of its stores.
","url":"https://multiply.ghost.io/rescue-loans-for-gas-suppliers/","uuid":"ae15392e-e1a0-4c22-b5a1-fb5152c53c1e","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"61484f4c6e4273003be1e425"}},{"node":{"id":"Ghost__Post__614305896e4273003be1e40e","title":"Space tourists blast off","slug":"space-tourists-blast-off","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/09/Header-image---current-5.png","excerpt":"Plus: Bank of England underpricing climate risk? And cable fire sends energy prices soaring.","custom_excerpt":"Plus: Bank of England underpricing climate risk? And cable fire sends energy prices soaring.","created_at_pretty":"16 September, 2021","published_at_pretty":"16 September, 2021","updated_at_pretty":"16 September, 2021","created_at":"2021-09-16T08:51:21.000+00:00","published_at":"2021-09-16T08:54:35.000+00:00","updated_at":"2021-09-16T08:54:35.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Amateurs in orbit\n4 astronauts have blasted off\n[https://www.theguardian.com/science/2021/sep/15/spacex-launch-amateur-astronauts-passengers] \nfrom the Kennedy Space Centre in Florida aboard the SpaceX Inspiration4 rocket.\nNo biggie - except that they’re all amateurs with only 6 months training under\ntheir belts. The passenger flight was chartered by a billionaire who invited 3\nothers aboard, and marks a giant leap for space tourism. They’ll circle the\nEarth for 3 days.\n\nUnderpricing climate risk?\nThe Bank of England must do more to penalise banks\n[https://www.reuters.com/world/uk/uk-lawmakers-urge-bank-england-penalise-fossil-fuel-financing-2021-09-15/] \nwho fund the fossil fuel industry, according to a group of 51 MPs. The group\nwrote to the Bank’s governor, Andrew Bailey, to warn him that the financial\nsector is underpricing climate-related risk. It also suggests providing cheaper\ncredit to banks who fund climate-friendly projects.\n\nWires on fire\nWholesale energy prices have soared by 19%\n[https://www.bbc.co.uk/news/business-58579829] after an electricity cable\nconnecting the UK and France had to be shut down. A fire broke out at a site in\nKent, sending the cable offline until 25th September. It’ll then operate at half\ncapacity - losing a gigawatt of power - until March 2022. National Grid says it\nexpects to \"continue supplying electricity safely and securely\".","html":"4 astronauts have blasted off from the Kennedy Space Centre in Florida aboard the SpaceX Inspiration4 rocket. No biggie - except that they’re all amateurs with only 6 months training under their belts. The passenger flight was chartered by a billionaire who invited 3 others aboard, and marks a giant leap for space tourism. They’ll circle the Earth for 3 days.
The Bank of England must do more to penalise banks who fund the fossil fuel industry, according to a group of 51 MPs. The group wrote to the Bank’s governor, Andrew Bailey, to warn him that the financial sector is underpricing climate-related risk. It also suggests providing cheaper credit to banks who fund climate-friendly projects.
Wholesale energy prices have soared by 19% after an electricity cable connecting the UK and France had to be shut down. A fire broke out at a site in Kent, sending the cable offline until 25th September. It’ll then operate at half capacity - losing a gigawatt of power - until March 2022. National Grid says it expects to \"continue supplying electricity safely and securely\".
","url":"https://multiply.ghost.io/space-tourists-blast-off/","uuid":"2f1d8e83-33dd-4371-82da-c018408900f5","page":null,"codeinjection_foot":null,"codeinjection_head":null,"codeinjection_styles":null,"comment_id":"614305896e4273003be1e40e"}},{"node":{"id":"Ghost__Post__6141b9b26e4273003be1e400","title":"Record-breaking price hikes","slug":"record-breaking-price-hikes","featured":false,"feature_image":"https://multiply.ghost.io/content/images/2021/09/Header-image---current-4.png","excerpt":"Plus: home workers enjoy lockdown lie-ins, pennies in production again.\n","custom_excerpt":"Plus: home workers enjoy lockdown lie-ins, pennies in production again.\n","created_at_pretty":"15 September, 2021","published_at_pretty":"15 September, 2021","updated_at_pretty":"15 September, 2021","created_at":"2021-09-15T09:15:30.000+00:00","published_at":"2021-09-15T09:16:26.000+00:00","updated_at":"2021-09-15T09:16:26.000+00:00","meta_title":null,"meta_description":null,"og_description":null,"og_image":null,"og_title":null,"twitter_description":null,"twitter_image":null,"twitter_title":null,"authors":[{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null}],"primary_author":{"name":"Annie Mellor","slug":"annie","bio":null,"profile_image":null,"twitter":null,"facebook":null,"website":null},"primary_tag":null,"tags":[{"name":"#blog","slug":"hash-blog","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"#feed","slug":"hash-feed","description":null,"feature_image":null,"meta_description":null,"meta_title":null,"visibility":"internal"},{"name":"multiply-minute","slug":"multiply-minute","description":"The 1-minute read to get the money news you need with expert adviser commentary","feature_image":null,"meta_description":null,"meta_title":null,"visibility":"public"}],"plaintext":"Inflation\nPrices on everyday items have jumped 3.2% since last August\n[https://www.bbc.co.uk/news/business-58563417], according to the Consumer Price\nIndex measure of inflation. That’s the biggest jump since records began in 1997,\ndriven by higher food costs. It means inflation is now well above the Bank of\nEngland’s target of 2%, which aims to keep prices steady. But the Office for\nNational Statistics warms against reading too much into the data, saying the\nincreases are temporary.\n\nLockdown lie-ins\n68% of home workers wake up less than 30 minutes before starting work, according\nto a survey by Poly. The research warns that many may be hooked on “home\ncomfort\nsyndrome”\n[https://www.cityam.com/confessions-of-a-hybrid-worker-uk-a-nation-of-soap-dodgers-and-sweary-screamers/]\n. Almost a quarter said they’ve done exercise such as yoga while on a conference\ncall, and the same proportion of French respondents confessed to enjoying a\nbeauty treatment while on the phone.\n\nPiles of pennies\nThe Royal Mint cranked up its penny printing machine last year for the first\ntime in 2 years, producing 88 million new 1p coins\n[https://www.bbc.co.uk/news/business-58560185]. Many coins were boarded at home\nduring the lockdowns, meaning more were needed in circulation. Overall, coin\nproduction is falling as more shoppers pay by card or contactless for payments.","html":"Prices on everyday items have jumped 3.2% since last August, according to the Consumer Price Index measure of inflation. That’s the biggest jump since records began in 1997, driven by higher food costs. It means inflation is now well above the Bank of England’s target of 2%, which aims to keep prices steady. But the Office for National Statistics warms against reading too much into the data, saying the increases are temporary.
68% of home workers wake up less than 30 minutes before starting work, according to a survey by Poly. The research warns that many may be hooked on “home comfort syndrome”. Almost a quarter said they’ve done exercise such as yoga while on a conference call, and the same proportion of French respondents confessed to enjoying a beauty treatment while on the phone.
The Royal Mint cranked up its penny printing machine last year for the first time in 2 years, producing 88 million new 1p coins. Many coins were boarded at home during the lockdowns, meaning more were needed in circulation. Overall, coin production is falling as more shoppers pay by card or contactless for payments.
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