Today, prices are well below those peaks but, as RAC Fuel Watch data has shown, August saw unleaded rise by almost 7p a litre, with diesel up by 8p. Average costs are back above £1.50 for both and the hikes are set to be reflected in the next set of inflation figures which will...
Minimum wage: the National Living Wage has increased to £9.50 from April 1, 2022. Fuel duty: A 5p cut in duty, although prices are still surging. Universal Credit cuts: The additional £20 a week, given to benefit claimants during the pandemic, has been cut. Student loans: The repa...
While prices areemphatically not falling, they are rising less fast than they were, offering some hope that better times, if not yet here, may be less distant than they looked at the start of the year when prices were rising by double-digits. When the consumer price inde...
Though an encouraging step in the right direction, for fleets weaned on the convenience of a five-minute diesel fill-up to fuel a day’s deliveries, these power limitations present fresh challenges, and the solution requires new tools. The need for this type of VIN-level data is rising exp...
This problem is already occurring in developing countries where forests are being felled (because they have no immediate financial value) to grow lucrative crops for biofuels. Mark Avery, former conservation director of the UK charity RSPB (Royal Society for the Protection of Birds) and a ...
brands as brands that consumers perceive as originating in their own (a foreign) country, regardless of where they are produced or sourced. Consumers are more favorably predisposed toward domestic than foreign brands, a phenomenon referred to as “domestic country bias” (Balabanis & Diamantopoulos,...
The OECD driven changes, such as the new minimum global tax being implemented in many territories, will have a major impact on transfer pricing policies and resulting intercompany prices. Many customs professionals are not aware of the impact of these changes. Given that the physical supply chain...
Even with these major problems, central banks in the US, the UK and the Eurozone are raising target interest rates. The US is also implementing Quantitative Tightening, which also tends to raise interest rates. Thus, central banks are intentionally raising the cost of borrowing. ...
The UK for instance, plans to ban sale of new cars that solely run on diesel or petrol in the next nine years. Nevertheless, Africa – which bears the heaviest burden of climate change – doesn’t look well equipped to ride on the new fleets. ...
Crude oil is one of the world’s most important commodities, and its price can have ripple effects through the broader economy. Rising oil prices mean higher gasoline prices at the pump, higher shipping costs, and increased input costs for producers. Crude oil prices are driven mainly by the ...