Government lifts restriction on fracking for shale gas.

Creative Media NewsThursday, 22 September 2022, 12:000

The government has lifted a prohibition on fracking for shale gas, prompting charges that it has violated a manifesto pledge not to endorse the controversial method unless scientists demonstrated that it could be “categorically” done safely. The government has lifted a moratorium on fracking for shale gas that had been in place since 2019 due...

Inflation causes record UK debt interest rates in August.

Creative Media NewsThursday, 22 September 2022, 6:000

In August, interest rates on British government debt reached a new high due to soaring inflation. The Office of National Statistics (ONS) said that interest due reached £8.2bn during the month, £1.5bn more than the same time last year, and the highest August number since records began in 1997. The high-interest payments are a result...

All UK firms will receive a substantial energy support package to save costs.

Creative Media NewsWednesday, 21 September 2022, 14:000

In general, business groups applaud the energy bill assistance program, but the majority think that further aid will still be required to assist businesses to survive the harshest winter in recent memory. The government has declared that, during the winter months, wholesale energy costs for enterprises will be reduced by as much as fifty percent....

Should you utilize a bridge loan to expedite the purchase of a home?

Creative Media NewsWednesday, 21 September 2022, 2:000

Mortgage brokers report that prospective homebuyers are turning to bridge loans to purchase with cash and avoid becoming caught in a property chain. Despite the rising cost of living, home prices continue to rise, as a lack of houses entering the market fuels competitiveness. Brokers report a large increase in the number of prospective purchasers...

Train conductors will strike again in October over a salary dispute.

Creative Media NewsTuesday, 20 September 2022, 18:000

Train operators will go on strike for two days in October as part of a protracted salary dispute. Tuesday, unions declared that 12 railway companies’ drivers will strike on October 1 and 5. The strikes will impact travel to and from the Conservative party conference in Birmingham from October 2 to 5 as well as...

What will be closed (and what will be open) on the day of the Queen’s funeral?

Creative Media NewsMonday, 19 September 2022, 4:000

As a symbol of respect on Monday, the day of the Queen’s funeral, many stores, theatres, and schools will be closed. Monday has been proclaimed a bank holiday, meaning that many businesses will be closed and numerous doctor’s appointments have been rescheduled. A bank holiday has been declared, meaning that many businesses will be closed...

Future, the publisher of FourFourTwo, will begin the search for a new CEO.

Creative Media NewsSaturday, 17 September 2022, 22:000

Richard Huntingford, chairman of Future, will begin the search for a replacement for Zillah Byng-Thorne, one of the most successful media executives in Britain. After nearly a decade in charge, the boss who grew Future into one of the largest publicly traded digital media companies in Britain is planning to leave down next year. Zillah...

World Bank: Worldwide rate climbs could set off 2023 downturn.

Creative Media NewsSaturday, 17 September 2022, 8:000

Financing cost climbs by national banks all over the planet could set off a worldwide downturn in 2023, the World Bank has said. National banks have raised rates “with a level of synchronicity not seen throughout recent many years” to handle taking off costs, it said. Raising rates makes acquiring more costly to attempt to...

Germany assumes command over three Rosneft petroleum processing plants.

Creative Media NewsSaturday, 17 September 2022, 6:000

Germany has assumed transitory command over Russian-possessed petroleum processing plants as the Ukraine war hits its energy industry. The three Rosneft processing plants remember a vital office for the upper east of the country which supplies around 90% of Berlin’s fuel. The economy service said the move was important to balance an approaching danger to...

Average cost for most everyday items: Pound hits new 37-year low on downturn fears after make a plunge retail deals.

Creative Media NewsSaturday, 17 September 2022, 4:000

A stressing sign for retailers in front of Christmas as customers get control over their spending by considerably more than financial experts had conjectured during the primary month for the mid-year occasions. Retail deals fell by significantly more than anticipated in August as the typical cost for many everyday items emergency delayed interest for both...

Train drivers set to continue strikes in October.

Creative Media NewsFriday, 16 September 2022, 22:000

Train drivers are set to organize more strikes in October as a component of a long-running disagreement regarding pay. Drivers at 12 train organizations are supposed to strike on 1 and 5 October. Aslef, the train drivers’ association, has not remarked on the proposed modern activity out of regard in front of Queen Elizabeth II’s...

Bank of Britain lines as cutoff time weavers trade paper notes.

Creative Media NewsFriday, 16 September 2022, 10:000

The Bank of Britain has uncovered it is seeing lines as holders of paper banknotes attempt to trade them at its counter in the City of London. The old £20 and £50 paper notes quit being legitimate delicate one month from now, finishing the changeover to polymer-based banknotes to reinforce sturdiness and security. Individuals and...

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