New housing plans, energy switching, and City pay hikes - here's your need-to-know business news roundup.
The construction industry could receive a small boost under government plans to support first-time buyers of new homes.
But the plans, which would see the taxpayer take on mortgage debt, have been criticised for socialising what would otherwise be private risk. [BBC]
UK businesses will be able to change energy supplier more easily under new plans announced by Ofgem.
The energy watchdog wants a crackdown on ‘roll-over’ contracts, and for suppliers to make switching simpler. [BBC]
City managers’ pay has risen 12 per cent during the past year according to new figures.
The increase follows average real-terms pay cuts for employees across the country. [Telegraph]