IEA urges Europe to secure supplies amid warnings Russia could cut off gas flows June 22, 2022 The head of the International Energy Agency Fatih Birol has urged Europe to secure its own energy supplies this winter.
More than £21bn a year: UK ranks third in Europe for most money lost due to unpaid corporate tax June 22, 2022 The UK ranks third among European countries for the most money lost due to corporate tax abuse on a yearly basis. The European nation that loses the most money to corporate tax abuse is Germany where, on an annual basis, an estimated £27.3 billion goes unpaid. This is followed by France where tax abuse losses [...]
Brexit has damaged UK’s competitiveness, reduced productivity and lowered Brits’ real wages, LSE says June 22, 2022 A new bombshell study said this morning that Brexit has damaged Britain’s competitiveness, reducing productivity and lowering workers’ real wages in the years ahead. The report said Britain has experienced a decline of 8 per cent in trade openness – trade as a share of economic output – since 2019, losing market share across three [...]
Duke of York no more: New law proposes Prince Andrew and other ‘dubious’ peers to be stripped of their titles June 22, 2022 Under a new law tabled in Parliament, the Duke of York and peers could be stripped of their titles. There is currently no mechanism for such a title to be removed, but calls have been growing for action against Andrew since he paid millions to settle a US civil sexual assault case with his accuser [...]
B2B buy-now pay-later firm Playter eyes international push after $55m funding injection June 22, 2022 London-based buy-now pay-later firm Playter said it is eyeing up new international markets with its B2B product today after announcing a $55m funding injection.
Ukrainian government recruits UK ad giant WPP to craft economy rebuilding campaign June 22, 2022 WPP and the Ukrainian Government have announced a fresh partnership to attract investment into Ukraine and help rebuild its economy.
Moderna to open vaccine hub in the UK in £1bn investment June 22, 2022 Famed Covid-19 vaccine maker Moderna is set to open a vaccine research and manufacturing centre in the UK, the health secretary has unveiled today, in a £1bn investment. It will seat the UK in a prime position in the development of new vaccines and therapeutics for a range of respiratory diseases, including Covid-19, as well [...]
Exclusive: So Energy criticises ringfencing proposals amid deepening industry row June 22, 2022 So Energy has raised concerns over Ofgem's proposals to reform the energy market, and has called on the regulator to be transparent.
Government mulled use of national security laws to force Arm London listing June 22, 2022 Ministers mulled the use of national security laws to push Japanese investment giant Softbank into floating chip manufacturer Arm into a London listing, according to reports.
Equinor pushes for UK funding to build 1.2GW hydrogen plant June 22, 2022 Equinor has submitted a funding bid to construct a second major low-carbon hydrogen production facility in the Humber region.