Best Golf Day by Par raises £5k for Burton charities
Clegg Construction recognised by Defence Employer Recognition Scheme
Manufacturers expect sharp fall in output in next three months
- Output in the three months to September fell at a broadly similar rate as in the three months to August (balance of -4% from -7%). Output is expected to fall at a faster pace in the next three months (-17%).
- Output fell in 8 out of 17 sub-sectors, with the overall decline being largely driven by food, drink and tobacco. This was largely offset by strong growth for motor vehicles and transport equipment firms.
- Order books in September were seen as broadly normal, after being below normal last month (-2% from -7%; average is -18%), while export order books remained below normal (-8% from -12%; average is -19%).
- Stocks were seen as more than adequate and to the greatest extent since February 2021 (+6% from +2% last month).
New appointment set to strengthen college links with employers
East Midlands manufacturers call for seismic Emergency Budget as growth forecasts for 2023 slashed
- Reverse the decision to increase National Insurance Contributions that came into force in April 2022.
- Extend the business rates relief to include manufacturing and extend to the end of 2023
- Simultaneously undertake a full and fundamental reform of Business Rates
- Expand the current tax exemption for work-related training into a Training Investment Allowance, providing a tax rebate on investment in training for existing employees
- Commit to a full review of the Apprenticeship Levy
- In order to help companies invest make the increase to the Annual Investment Allowance permanent
Employee inspires fundraising of nearly £500k for mental health charity
Derby film studio plan gets go-ahead
Government outlines plans to help cut energy bills for UK businesses
- Non-domestic customers on existing fixed price contracts will be eligible for support as long as the contract was agreed on or after 1 April 2022. Provided that the wholesale element of the price the customer is paying is above the Government Supported Price, their per unit energy costs will automatically be reduced by the relevant p/kWh for the duration of the Scheme. Customers entering new fixed price contracts after 1 October will receive support on the same basis.
- Those on default, deemed or variable tariffs will receive a per-unit discount on energy costs, up to a maximum of the difference between the Supported Price and the average expected wholesale price over the period of the Scheme. The amount of this Maximum Discount is likely to be around £405/MWh for electricity and £115/MWh for gas, subject to wholesale market developments. Non-domestic customers on default or variable tariffs will therefore pay reduced bills, but these will still change over time and may still be subject to price increases. This is why the Government says it is working with suppliers to ensure all their customers in England, Scotland and Wales are given the opportunity to switch to a fixed contract/tariff for the duration of the scheme if they wish, underpinned by the Government’s Energy Bill Relief Scheme support.
- For businesses on flexible purchase contracts, typically some of the largest energy-using businesses, the level of reduction offered will be calculated by suppliers according to the specifics of that company’s contract and will also be subject to the Maximum Discount.
Gateley appoints new partner in Nottingham
“Strong first half” for Pendragon
Bill Berman, Chief Executive Officer, said: “We have made a really encouraging start to the year which is reflected in a strong set of financial results and continued momentum across the business. Good progress has again been made in the delivery of our strategy, including the brand relaunch of our used car business and multiple technology releases by Pinewood.
“We have transformed our digital capabilities over the past two years and this, combined with significant improvements to our operations, means we are well placed to offer our customers the best possible experience.
“We have delivered these results in the face of challenging trading conditions in our sector due to supply constraints on both new and used vehicles and the impacts of inflationary pressures.
“We expect the environment to remain challenging in the second half of the year, however we take confidence from how we have performed in the last six months and expect to make further positive progress towards our long-term goals this year.”