Page 12 - BOSS Today Issue 53

BOSS Today #53 DOWN TO BUSINESS

This update provides all you need to know about what BOSS

has been doing on your behalf to influence government and

Parliament, as well as what is happening politically that may

have an impact on your business

LOBBYING supply chain issues that are the key

causes of the recent acceleration in price
rises. The Bank said that it now expected
the consumer price index (CPI) to rise to
UPDATE forecast since the Bank was granted
5% next year – among the highest price
independence in 1997. Meanwhile,
Sainsbury’s/Argos have reported price
pressures building as a result of the
supply challenges, indicating that the
electronic goods market could be badly
affected in the run-up to Christmas.

his update also lets you know about that nevertheless fell short of any
T upcoming opportunities to share your fundamental reform.
views and experiences with us so that At Glasgow’s UN Climate Change
we can develop BOSS policies and seek to Summit (COP26), more than 100 Government News
influence Westminster and Whitehall. countries (representing 85% of the
world’s forests) signed up to a pledge Plastic Packaging Tax
to halt and reverse deforestation by The technical consultation has now
2030. 190 countries have committed to opened and includes more information
phasing out coal power and the financing about the definition of ‘substantial
of new coal power plants. The US and modification’ and is available here.
the EU have launched an initiative to Please let us know if you plan to respond.
Political Update cut methane and India has promised
to reach net zero carbon emissions by Key Office Opens In the North
Two huge events – the Budget/ 2070. An offshoot of the Department for
Comprehensive Spending Review and The Bank of England announced in Business, Energy & Industrial Strategy
COP26 – have dominated the news early November that interest rates has now opened in Salford, near
recently. would remain at 0.1%, despite some Manchester. Over 400 jobs are expected
The Budget included measures to raise recent indications that a rise, perhaps to be based in the new office by 2025
the National Minimum and Living Wages, to 0.25%, was on the cards. Governor and the department’s Director General
to invest in skills and training and grant Andrew Bailey told the press that the will also work from the new site. The aim
funding to a list of areas earmarked for Bank still needed to see “hard evidence” is for 30% of the department’s staff to be
levelling up. There were also plans to on the state of the jobs market before based outside of London by 2025 – some
tinker with the business rates system, making any rate increase, and that any 1,350 jobs. The move is part of a wider,
including more frequent valuations, change would not directly affect the two-pronged effort by government to

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