UK government will only support firms on brink of closure

Heavy industry struggling with surging energy costs will only get support if they can prove they have been pushed to the brink of closure, Whitehall sources have said, as industry leaders warned that the package sounded like no more than “flimsy sticking plaster”.

A senior government source said on Tuesday that any scheme for companies would be means-tested, time-limited and repayable to make sure it only dealt with the most severe cases of those about to stop production or go under entirely.

It could run into hundreds of millions of pounds but would be designed as loans, rather than grants, with the aim of taxpayer cash being recovered.

But industry leaders expressed scepticism that this would be enough, highlighting issues such as UK energy costs for the steel sector being up to 80% more than that paid in the rest of Europe.

The proposal to prop up struggling factories has … Read more

The Ultimate Beginners Guide to Buying Hemp Flower

The hemp plant is a brand of cultivated cannabis. Cannabis grown as industrial hemp is sometimes grown specifically for fiber and oilseed consumption, as opposed to marijuana grown for drug use, which should not be confused with industrial hemp.

What is Hemp Flower?

Hemp flower looks similar to powdery cannabis buds and is generally consumed as a fresh juice. It’s also likely that you’ll see the use of raw flowers in smoothies, salads, and other recipes because hemp seed oil gives them a wonderful nutty flavor. But it all comes down to what kind of weight loss benefits do you want: reducing inflammation? Improving heart health? Or controlling blood glucose levels?

Benefits of Using Hemp Extracts

In the last decade, hemp has been making quite a comeback. It’s becoming increasingly popular among health-conscious Americans for its potential to help improve hunting timing, repair joints and build muscles. Hemp seeds are … Read more

Night-time cultural sector hit with 86,000 job losses due to Covid-19

Research has estimated that 393,000 jobs have been lost across the night-time economy due to Covid-19, including 86,000 in the “night-time cultural economy” (NTCE), which includes nightclubs and theatres.

The research, commissioned by the Night Time Industries Association (NTIA) and conducted by leisure consultants CGA and night-time economy researchers Make, found that the sector in the UK – encompassing restaurants, bars, casinos, cultural venues and more – had been steadily growing over the last decade, reaching a peak in 2019. Within that broader sector, the NTCE employed 425,000 people that year, a 12.2% increase since 2010, with the sector valued at £36.4bn.

The NTCE had been projected to continue growing, along with the wider night-time industries, at 9% over the period 2020-2024, but has instead suffered job losses as venues were forced to close during the coronavirus crisis.

Michael Kill, head of NTIA, called on the chancellor, Rishi Sunak, to … Read more

Tips For Familiarizing Yourself with the Stock Market

Are you thinking about getting into investing and specifically about investing in the stock market? It’s never been easier, thanks to the internet, for the average person to do so, but easier doesn’t mean easy, and you’ll still need to get up to speed on the world of stocks. Fortunately, the internet has made this a lot less difficult as well.

How Much Involvement?

The first thing you’ll need to do is decide how hands-on you want to be. Maybe you enjoy working with numbers, and you have a lot of time to devote to learning about the stock market or the different companies you might invest in. Maybe you want to spend the least amount of time possible on your investments. Perhaps you’re somewhere in between. Fortunately, investing can accommodate approaches all along this continuum. A roboadvisor can allow you to be as hands-off as you wish to be. … Read more