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3 Oct 2024

3 in 4 Britons (77%) would ban paper receipts if they knew how many trees were cut down to generate them – and millennials are the most eco-conscious (rising to 87%).

25 Sep 2024

Major media outlets, including the BBC and Sky News, as well as regional and cycling-focused media to the growing  have been giving significant coverage to E-Bike Positive, the largest-ever...

25 Sep 2024

The Association of Cycle Traders (ACT) is excited to announce its new partnership with Renticy, the dynamic platform transforming retail through rental solutions. This collaboration brings a...

24 Sep 2024

The British Independent Retailers Association (Bira) is set to address critical issues facing the UK's high streets at its upcoming Annual Conference, marking the event's return after a six-year...

23 Sep 2024

Madison is teaming up with Cytech and the Rediscovery Centre in Ireland, to offer a first-class bicycle mechanic training facility by providing a full Park Tool workshop.

23 Sep 2024

A report from active travel charity Sustrans has found that a total of 1.9 million, or 38 per cent of people on a low income or not in employment want to cycle, or cycle more, but are...

23 Sep 2024

Independent shops are not concerned about Halfords' decision to double its offering of premium bikes, according to interviews with Cycling Weekly.

23 Sep 2024

Cycling Electric has published  an investigation into how misinformation on ‘electric bike’ fires imay be increasing the danger to consumers and affecting sales of...

19 Sep 2024

The British Independent Retailers Association (Bira) has said the inflation rate holding steady at 2.2% in August provides some stability for the high street - but stresses the Bank of England...

17 Sep 2024

UK Finance and others who form the Cash Industry Environment Charter have been discussing best practices when it comes to cash deposits, and as a result have produced a short guide on reducing...

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£14 for a latte could become a reality, warn coffee shop owners

Posted on in Business News , Cycles News

The owners of a coffee shop in Kent have wanted that they may need to increase the price of coffees to £14 each to meet their rising energy costs.

Chris and Anna Vidler, who own an independent restaurant called The Lane in Deal, Kent, expect their gas and electric bills to increase to more than five times than they are currently paying. And to keep up with rising energy prices, they have calculated that their £2.90 latte would have to rise to £14.30 a cup.

As reported in the Daily Mirror, Chris said: "We are already down, despite a reasonably busy summer. We're noticing empty seats because people are staying home when they don't have as much money to spend."

When shop’s electricity contract runs out at the end of this year, new quotes take the price from £15,000 per year to around £69,000. At the end of February their gas contract will also need to be renewed - with the new quote set to take them from around £400 per month to around £2,400.

Chris added that while the Prime Minister has introduced a cap on energy bills for households, as a business owner he is left confused about what to do.

The Prime Minister last week announced an unprecedented intervention in the energy market to cap household bills at £2,500, promising an “equivalent guarantee” for businesses for the next six months. But little detail was given by the government on how it intended to cap costs for the business sector, where pricing is more complex. It is thought that this further detail could be delayed by a period of national mourning following the death of the Queen.

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