COST reduction, taxation and future funding are the main concerns for foreign-owned firms in Wales. An analysis of the business concerns of inward investment companies in Wales has been carried out by business advisory firm Deloitte. Read the walesonline article here….
RISING energy costs are of greater concern to manufacturers than labour costs, falling consumer spend and the administrative burden of regulation, according to a survey by the Institution of Mechanical Engineers. Read more from walesonline here…..
Energy prices could more than double over the next decade, a Welsh economist has warned, as fears were raised of a fresh round of price hikes this year. British Gas owner Centrica yesterday said the wholesale price of gas and power for delivery next winter is around 25% higher than last year, but the price [...]
Consumer Focus, the watchdog, says 40% of its small business complaints are about backdated bills. Thousands of small businesses are being charged backdated bills by energy companies discovering they have been under charging for years, a consumer group has warned. Read the full Telegraph article here……
Regulator Ofgem has told energy firms they must offer simpler tariffs to help consumers compare prices. The regulator said that customers were “bamboozled” by a complex system of tariffs, which have increased from 180 to more than 300 since 2008. Read the full BBC article here……..