BT wants a slice of the smart energy meter market
BT has today announced plans to become involved in the UK smart energy meter market via a partnership with Arqiva and Detica. This will be via a bidding process which the UK government is administering at the moment in relation to a radio network which would allow companies to communicate with 28 million homes and small businesses in the UK which will have smart energy meters installed over the next decade.
BT will be fighting it out with companies such as Vodafone and Orange for the contract which many believe is worth potentially £7 billion and will prove a very useful income stream in the future. The very fact that the smart meters will use telecommunications to communicate information is obviously a plus point for the likes of BT, Vodafone and Orange, giving these companies ahead start, but there is more to this than just telecommunications.
The idea with regards to smart energy meters is the needs to monitor the use of energy around the UK and attempt to make changes to improve efficiencies and carbon missions. While many homes currently use energy hungry appliances in off-peak times there are still many households that are "not as efficient as they could be".
'Higher living costs to add to debt mountain'
Fast rising living costs are set to pile more pressure onto debt-strapped Britons, it has been claimed. The Alliance Trust Financial Reality Index (ATRT) recently found that recent wage increases have failed to offset the higher prices for food and fuel. This, along with higher mortgage repayments and credit card bills, will place more and more Britons into a parlous and stressful financial situat...Read More
Tesco and Asda go head-to-head in price war
It has been revealed that Tesco and Asda are set to implement significant price reductions on thousands of products in a move which will further infuriate independent retailers who have been struggling to survive of late. Asda has announced plans to reduce prices on a further 5,000 lines (bringing the total number of price reductions to 12,500 since the start of the year) while Tesco has announced...Read More
Energy companies to be forced into annual review
Energy secretary, Ed Davey, has prepared plans for an annual review into energy companies, in order to investigate and regulate competition within the sector. The review will be called for in order to ensure that energy companies are raising prices in a fair and transparent manner, and will involve access to the companies’ books in order to certify this. The profits the companies make, as...Read More
Online sales hit new high
Online sales in the month of July increased by 1.1% compared to the figure for June, but jumped by a massive 18% compared to the corresponding period last year. In total the report by the Office for National Statistics shows that UK shoppers spent £5 billion online in July which was the largest year on year increase since 2007. So why are UK consumers suddenly finding favour with the online arena...Read More
EU regulations could undermine maternity leave
The European Union is on the verge of restructuring maternity leave in the UK which could see mothers receiving full pay for 20 weeks as opposed to 90% of their pay for six weeks and £125 a week for the next 33 weeks. It is believed that the changes could cost UK businesses around £2.5 billion a year and may well lead to a number of companies shunning the attractions and capabilities of young wo...Read More