A two-year scheme to help homes and businesses with high energy costs has been cut to six months to save money.
Raja sold her home and a coffee shop to start Nim's Fruit Crisps, based in Kent, south east England, over seven years ago. "If we borrowed a lot of money, we may not be able to pay it back. It's far too risky at the moment," said Raja, who employs 22 people and had planned to increase that to 30 over the next 18 months.
But when he looked to see if he could combine that income with a 10-year loan to finally launch a new version of his product in Britain, he found borrowing costs had leapt.Britain's latest crisis started on Sept. 23 when new prime minister Truss and then-finance minister Kwasi Kwarteng announced 45 billion pounds of unfunded tax cuts to snap the economy out of stagnation.
One executive at a U.S. tech company told Reuters at the recent conference of Truss's Conservative Party that corporation tax was a "rounding error" for his global business, and that issues like visas were a bigger driver of investment decisions.Sorrell, who built WPP into the world's biggest advertising company before creating S4 Capital, said the crisis had come at the worst possible time, just as companies planned budgets.
It is increasingly clear that British PM Liz Truss can only speak without real action. She can only say apologies after apologies without being able to provide solutions for the British economy. Enjoy inflation and economic recession, madam Liz...😉😘
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