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Family-run jewellers celebrates its centenary by giving back to the community.

17 Jul 2023

A family-run jewellers in Kendal, which reaches its centenary this year, is putting giving back to the community at the heart of its celebrations.
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Independent retailer wins judicial review case over deposit return scheme.

4 Jul 2023

Independent convenience retailer Abdul Majid has won a judicial review case against Circularity Scotland, which was appointed by the Scottish government in 2021 to administer Scotland’s... Read more…

Asics reported to have halted supplies to UK independent sports shops.

4 Jul 2023

The Guardian has reported independent sports retailers saying their businesses are under threat after Asics said it was cutting off supply to hundreds of small UK outlets, joining Nike and... Read more…

Half of young European consumers find it acceptable to buy fakes.

4 Jul 2023

A new study on the perception of consumers towards intellectual property published by the European Union Intellectual Property Office (EUIPO) has found that although 80% of Europeans believe... Read more…

Elmy Cycles featured in Daily Express ahead of Independents’ Day weekend.

29 Jun 2023

With this Saturday and Sunday marking Independents’ Day weekend, the culmination of the annual campaign to promote independent retailers around the UK, ACT member Elmy Cycles in Ipswich... Read more…

“AI has the potential to revolutionise the way retailers operate,” says Theo Paphitis

28 Jun 2023

Former Dragon Theo Paphitis has predicted retail will be revolutionised by AI technology.
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The Association of Convenience Stores publish their Crime Report of 2023

23 Jun 2023

The report estimates that there were over 1.1m incidents of theft reported last year. The most commonly stolen items as reported by retailers are meat, alcohol and confectionery –... Read more…

How fine food retail can be part of the solution to ultra-processed food

19 Jun 2023

Scientists and researchers have compelling data, showing ultra-processed food could be responsible for several health conditions – a recent piece in Speciality Food Magazine set out to... Read more…

PayPoint launches digital shopper marketing platform

19 Jun 2023

Retailers will be able to drive customer spend, digital media use, push new product development and increase sales and distribution, claims PayPoint, following the launch of a new digital... Read more…

High streets of the future will need to think beyond retail, says new report

19 Jun 2023

Just 42% of people in the UK rate their local high street as good or very good, according to the latest Legal & General Rebuilding Britain Index.
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Government Energy Support Package for Businesses

Posted on in Business News, Cycles News

The new Prime Minister Liz Truss has announced the much-anticipated support plan to help households and businesses cope with rising energy costs.

The Prime Minister announced a £2,500 annual energy price cap for two years from start of 1st October for consumers and a new six-month scheme for businesses which will provide equivalent support to that being offered to consumers.

This figure takes account of the removal of green levies and will replace the existing energy price cap. This means that businesses will see their energy costs capped at the same price per unit - or kilowatt hour (kWh) - that households will pay under the government's new plans. This support for businesses will be reviewed by Business Secretary Jacob-Rees Mogg within three months time to identify where more targeted support should be given.
 
The Prime Minister also announced two new reviews to improve the UK’s energy security. The first is a review of energy regulation that will focus on addressing long-term supply and affordability of energy, while the second will be a review of how the government can reach net zero in a way that is pro-business and pro-growth.


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