Millions of water customers in England face even higher bills; risk of winter blackouts falls – business live

CMA largely rejects water company requests for increased spending funded by bills, but customers at five water companies will still pay higher billsUK business confidence has dropped to a three-year low as companes fret about higher taxes, a new poll has shown.ICAEW’s business sentiment has dropped to -7.3 for the third quarter of 2025, down from -4.2 in April-June.This drop in confidence was likely driven by record high tax concerns squeezing profits growth, recruitment and investment activity.Muted domestic sales growth also weighed on sentiment, as firms continue to lower their expectations for the year ahead, the Institute said.As previously noted, the Group continues to consider the impact and implications of the recently published FCA consultation paper on motor finance. Uncertainties remain outstanding on the interpretation and implementation of the proposals but based on our initial analysis and the characteristics of the proposed scheme, an additional provision is likely to be required which may be material.This remains subject to ongoing analysis and review of the proposals. The Group will continue to update the market as and when appropriate. Continue reading...

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