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Spring Statement: Rishi urged to 'keep economy going' as Britons are 'living in fear'

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Rishi Sunak says raising taxes was ‘the last thing he wanted to do’

Mr Sunak, addressing the Tory party conference on Friday, March 18, said he can only do so much when the circumstances become as difficult as they have. While expressing “enormous sympathy for what people are going through” as a result of the cost of living crisis, he claimed: “I can’t solve every problem. No government can solve every problem, particularly when you’re grappling with global inflationary forces.” Yet, speaking to Express.co.uk, three executives expressed hope in that, with small changes, the Chancellor can help their operations — and staff — make it through what one called a period “driven by fear”.

Paul Wilson, Director at table-ordering app Qbunk, said: “At the moment, whether you’re a consumer or whether you’re an operator, we are really living by fear. And that’s, and that’s just not good for business.”

And that fear, Mr Wilson added, can only be tackled through Government aid.

He said: “In the past, Rishi (Sunak) has reacted to the cries for help for the sector, and yes, there’s always a consequence that we have to pay back.

“But at the minute, for me, it makes sense to keep the confidence in the consumer, because it’s the consumer who holds the sector up and needs to go out and eat and drink and spend whatever disposable income they have.”

What the Qbunk boss would like to see on Wednesday, March 23, is an extension of the VAT break.

In July 2020, No10 announced a temporary five percent reduced rate of VAT to certain supplies in the hospitality sector.

While the reduced rate was initially introduced to last until January 2021, it was then extended to March 2021 and, for a second time, until September 2021 – at which point a new reduced rate of 12.5 percent was introduced until the end of March 2022.

READ MORE: Rishi Sunak could be about to give thousands of low-income Britons a pay rise

Rishi Sunak

Business leaders, ahead of the Spring Statement, call the Chancellor to ‘keep the economy going’ (Image: Getty)

Mr Wilson said: “We’re hoping that the break with the VAT is going to continue to be extended throughout 2023 – because the hospitality sector needs it, because the problems in the sector, these severe headwinds, are really affecting everyone.”

Getting this “vital” industry going, he added, “we will keep the economy going”.

In terms of VAT breaks, one on energy bills would be very much welcome among the leaders, too.

Sean Keyes, Managing Director at structural and civil engineering firm Sutcliffe, said “one of the things that are in the front of everybody’s mind” among his employees are energy costs – particularly for those who are “the primary breadwinner in a family”.

He said: “A number of people are concerned that their gas electricity bill is going to increase from £1,000 a year to £2,500 a year.”

Mr Keyes’s words come as millions of households are about to pay an extra £693 a year on their bills from April after Ofgem sets the new cap.

The Chancellor last month released a £9billion fuel relief package of measures to soften the impact of the surging costs, including a £150 council tax rebate for homes in bands A to D and a £200 credit on bills in October to be repaid over the next five years.

Energy price cap timeline

After Ofgem sets the new cap, UK households will typically pay an extra £693 a year on their bills (Image: Daily Express)

He has been under growing pressure to extend the package.

Mr Keyes, who thinks “there is definitely going to be fuel poverty”, said there is no need for “anything outrageous” to content the British public.

In line with Mr Sunak’s pledge to “get the tax burden down” last week as he addressed ministers in Blackpool, Lancashire, there is anticipation the Chancellor will may cut fuel duty, possibly by as much as 5p, in response to hiking pump prices since Russia’s full-scale invasion of Ukraine.

Fuel duty is currently 57.95p a litre, plus 20 percent VAT.

While the Conservative party has frozen fuel duty for 12 years, a move widely welcomed by payers, campaigners argue this clashes with the country’s net-zero ambitions.

Petrol and diesel, meanwhile, have risen by more than 40p and 50p compared with a year ago.

Another key element of Wednesday’s statement is universal credit.

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Council tax reductions: Who is eligible and how to claim [EXPLAINER]
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Drivers may have to pay ROAD TOLLS if fuel duty is scrapped [ANALYSIS]

Universal Credit: Sunak slammed for ‘foolhardy’ decision on cuts

Dr Natalie Kenny, CEO of BioGrad Diagnostics, a laboratory and clinical training centre, said: “I’m really concerned that universal credit hasn’t raised in line with increases in the cost of living.

“My main concern is about the normal hard-working people, the people who have been hit the most during Covid, the people who have suffered the most, people who have been on the frontline.

“They seem to be hit yet again.”

The Chancellor, after cutting universal credit by £20 a week in October (although he made some changes to expand the benefit), has faced calls to raise its value by more than planned to support the poorest households.

As things stand, universal credit is set to rise by 3.1 percent in April, based on September’s inflation rate.

However, the Bank of England forecasts inflation could hit 8 percent this April.

While it seems an unlikely scenario, if Mr Sunak were to take further action, he could argue a larger increase this year means a smaller rise or even a freeze in 2023.

Dr Kenny, who would “like to see more support for families, especially younger families”, thinks now is the right time to push for fairer pay.

Describing herself as an “advocate for equality”, she views the minimum wage rise from £8.91 to £9.50 an hour from April as a step in the right direction, yet still not enough.

She said: “The minimum wage needs to rise – that’s absolutely critical.

“We set our minimum wage based on 20 percent of the average house price in the area so that any one single member of our staff can go and purchase a house.

“I did it because I thought it was the right thing to do.”

Saying it would be morally wrong to see staff not being able to afford a house while the business grows, she argued decent salaries do in fact save companies money.

She recalled: “What we found was once we increased the pay of our lowest-paid people, which cost us about 30 grand a month, we saved about 90,000 a month on recruitment costs.

“As times change, this is the time to really look at business in a very different way.”



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Ultimate Guide to Hiring A Business Security Company

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Business Security Company

If you own a business, you know that it can be a challenging and draining job. The added responsibilities of being a business owner can sometimes feel like a full-time job in and of themselves. To make sure that you are well-equipped to run your business, you need to hire the right employees and stay on top of frequent tasks and appointments. One of the most important tasks for any business owner is keeping their business safe from potential threats and dangers. This means that you need to have a solid plan in place for hiring security and risk management. Once you understand the different options available, it’s time to learn about the pros and cons of each so that you can make the right decision for your business. Here’s everything you need to know about hiring a business security company.

Hiring A Security Company Hiring a business security company is one of the most important steps that you can take as a business owner. With so many companies trying to take advantage of vulnerable business owners, it’s important to know who you can trust. That’s why choosing the right security company is essential. You want to make sure that the people you hire to keep you safe are trustworthy and competent, which is why doing your research is so important. There are many things to consider when hiring a security company, including price, experience, and licensing.

Why Hire Security Services?

There are many reasons why you should choose to hire a security company, including the following: Hiring a security company can help to reduce your risk of a cyberattack. Hackers and cybercriminals target businesses all the time, which means that you need to have a plan in place for protecting your data and network. That means installing antivirus software, updating your operating system, and using strong passwords. You also need to train employees to protect themselves online. Hiring a security company can help to reduce your risk of a data breach. Every business’s data is important, and it is important to protect it. This can be challenging when you are just one person. That’s why hiring a security company can help to reduce your risk of a data breach.

The Different Types of Business Security

There are many different types of security that you can choose from when hiring security services. These include the following:

Access Control – Access control measures determine who can access your property and what they can do there. These can include lease conditions, hours of operation, and restrictions on the number of visitors. If a potential intruder attempts to enter your property without authorization, access control can help to stop them.

Burglary – Burglary is the act of breaking into a building or property with the intent to steal. This can include your building, shop, or home.

Security Systems – security systems can include a wide range of products, including surveillance cameras, sensors, and intercom systems. These systems can connect to a home network and allow you to monitor your property from a smartphone app.

Alarm Monitoring – Alarm monitoring services help to ensure that you are notified if a security breach occurs. This can include things like an attempted break-in or the activation of an alarm. Police Protection – Many cities and counties provide security officers as part of a contract with local businesses. These officers are there to help to maintain order and ensure that your property is secure.

The Benefits of Hiring Security Professionals

Here are some of the benefits of hiring security professionals that you may not have considered before:

Better Risk Management – When you hire security professionals, you get better risk management. This is because they are specially trained to assess the risks and help to mitigate them. They can do this by installing security devices and improving access control. Better Operational Security – This benefit centers around the idea of better operational security. When you hire a security company, you get better security from top to bottom. This can help to reduce your risk of a data breach and also help to protect your business from cyberattacks. Better Protection – Hiring security professionals can help to protect your property and assets. This can include things like surveillance cameras, alarms, and access control.

On the other hand, hiring a security company can have its benefits as well. These include the following:

Better Track Record – When you hire a security company, you get a better track record. They have deeper pockets and are therefore more likely to have better equipment. This means that you are more likely to have better protection, better risk management, and better operational security.

Researched – Before you hire a single contractor, you can research them using a variety of resources. This includes newspaper articles, online databases, and business databases.

Look Into Risk Management

Risk management is a crucial part of any security plan. This is because you need to understand and accept your level of risk. If you do not understand your level of risk, it is very likely that you will under protect your business. This can lead to poor decision-making and an increased risk of damage or loss. When it comes to risk management, it is advised to take the following steps: Determine your level of risk. This can involve looking at the threats that affect your business and your level of preparedness to deal with them. Then, determine the best course of action to reduce that risk. For example, if you think that there is a high risk of a cyberattack, then you

should consider installing antivirus software on all computers and keeping antivirus software updated.

Conclusion

Business security can be tricky, but it doesn’t have to be if you know where to look. This article has provided you with everything you need to know about hiring a security company. Whether you are looking for protection or looking for ways to reduce your risk, this guide has got you covered.

 

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Ryan Garcia and Who is Ryan Garcia Net Worth

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Ryan Garcia

Ryan Garcia Net Worth: $10 million

Ryan Garcia is an American expert fighter who competes in the lightweight and super featherweight categories. Garcia also won the interim WBC lightweight title and held the title from January 2021 to May 2021.

Garcia started boxing at age seven. He is a 15-time public rookie champion and has a rookie record of 215-15.

On June 9, 2016, Garcia became a skilled wrestler at age 17. He fought in his first expert session against Edgar Meza in Tijuana and dominated the game by technical knockout. Then at that time, he before long supported Golden Boy Promotions in November 2016.

Have you ever considered what Ryan Garcia’s net worth is? In fact, the American fighter is probably the best lightweight in the division and has become one of the best-known fighters on the planet. Therefore, Ryan Garcia, as of 2021, has a net worth of $ 10 million. This post will walk you through how he progressed.

Ryan Garcia Early life

Garcia was brought into the world on August 8, 1998, in Victorville, California, to Henry and Lisa Garcia. He has three sisters: Demi, Sasha, and Kayla, as well as a younger brother, Sean.

Boxing was always a part of Garica’s life growing up, his father was a boxing coach, and his uncle Sergio was an expert fighter. At age seven, Garcia would begin his boxing adventure. This would be the start of something exceptionally amazing, and he would immediately become the best fighter in the family.

From 2008-2016 García would rule the rookie positions, achieving 215 successes and 15 misfortunes. He also won three featherweight titles and was named the 2017 Prospect of the Year by Espn.

Ryan Garcia Profession

Garcia was prepared to justify himself on an expert level, and, at 17, he would make his brilliant boxing debut against Edgar Meza. He would win the session by TKO, and his great performance earned him a deal with the prestigious Golden Boy Promotions firm.

The signing would push him up the ranks, and he would quickly challenge Romero Duno for the WBC silver lightweight title. Garcia destroyed Duno and eliminated him in the first round, winning his first expert title.

Ryan Garcia Net Worth 2021

As of 2021, Ryan Garcia has a net worth of $10 million. He marked a five-year tenure as Golden Boy Entertainment and got around six figures for every battle. He has become an online media star, allowing him to benefit from posts on Instagram and Tik Tok. Garcia is only 23 years old, and as of now, he is probably the biggest name in boxing. In the long run, his dominance will continue to develop, along with his wealth.

Read more: Bottled and Jarred Packaged Goods, What are they?

The difficulty shows a genuine person: Garcia was overwhelming his battles overall, effectively winning by knockout in the early adjustments. He was knocked down early when he fought Campbell, but he didn’t give up and ended up as the winner. Showing the core of a genuine hero, you have no idea what you are really fit for until you run into difficulties. So when faced with a test, accept this because it shows who you really are.

Brand Your Own Brand: Garcia is a fighter above all else, yet his prosperity as a web-based media persona has made him an easily recognizable name. In the event that he is starting a business or selling an item, promotion is essential. Use web-based media to get the full potential benefit from him and take his image to the next level.

Ryan Garcia Salary

As indicated by richypersons.com, Garcia is counted as having a net worth of $ 12 million out of every 2021. The vast majority of his net worth are derived from his rewards and support.

Furthermore, there is no verified data on his compensation.

Ryan García Personal life

Brought into the world in Victorville, California, United States, Garcia is the son of Henry Garcia and Lisa Garcia.

Garcia has three sisters named Demi, Sasha, and Kayla. Also, he has a brother named Sean Garcia, who is also a wrestler.

Garcia is dating Drea Celina Garcia right now. As sources indicate, Drea is a web-based media force to be reckoned with and a master of wellness from Mexico. Garcia was previously dating Catherine Gamez.

The 22-year-old wrestler also has two girls named Rylie Garcia and Bela Garcia. Rylie is the girl of his ex, Catherine, and Bela is the girl of his current girlfriend, Drea.

Endorsements from Ryan Garcia

There is no meaningful data accessible regarding Garcia’s endorsements and sponsorships. In any case, it is to be expected that he will enter into some underwriting agreements from different organizations and from his promotional company, Golden Boy Promotions.

Read More: Tory lanez and What is Tory Lanez Net Worth

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As more marijuana dispensaries get targeted by robbers, SAFE Banking Act lingers in Congress

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Weed dispensaries targeted by robbers: Will SAFE Banking Act help?

A bill that could allow electronic transactions at weed dispensaries nationwide is again make its way through Congress but the SAFE Banking Act might not be the cure-all that supporters envision.

In over a decade of operating cannabis shops in Washington, Shea Hynes never once worried about his stores getting robbed at gun point – until recently: In a span of three weeks, his stores were robbed three different times at gun point.

Reports of armed robberies at cannabis dispensaries like Hynes’ have nearly doubled in the first quarter of this year compared with all of last year, according to data maintained by the Craft Cannabis Coalition. The group, which represents more than 50 stores in Washington, has recorded more than 65 armed robberies so far this year, compared with 35 in 2021 and 29 in 2020. 

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