Richard Branson’s Virgin Orbit secures licences ahead of first British satellite launch December 21, 2022 Richard Branson’s rocket company Virgin Orbit has finally been issued its licences ahead of the first satellite launch from British soil. The long-awaited launch is still expected to happen before the end of the year, although a new official date is yet to be announced. The Civil Aviation Authority (CAA) granted the licences within 15 [...]
Government borrows record amount in November as debt bill swells December 21, 2022 Growing public sector expenditure in November prompted a £22.0 billion borrowing frenzy.
Elon Musk vows to step down as Twitter CEO if someone ‘foolish enough’ accepts role December 21, 2022 Elon Musk has vowed to officially step down as the CEO of Twitter, once he finds someone “foolish enough” to accept the top role. The eccentric billionaire, who bought Twitter for $44bn (£36bn) in a protracted deal which was finalised in October, has helmed the social media giant after his controversial firing spree. But a [...]
Ambulance workers strike TODAY as Health Sec says unions ‘inflicting harm on patients’ December 21, 2022 Ambulance workers across a number of unions are walking out today over pay and conditions, as health secretary Steve Barclay condemned the strike as “inflicting harm on patients”. The emergency workers in the Unison, Unite and GMB unions will down tools across the country, with the government calling in the Army to ensure the country doesn’t [...]
UK will be scrambling for gas when the wind doesn’t blow, warns expert December 21, 2022 The UK will be scrambling for highly expensive gas imports to meet its energy needs this winter to stave off blackouts, warns expert.
Exclusive: Top fintechs slam regulators for slow progress on open banking December 20, 2022 A group of top fintech firms including Monzo and Wise have slammed UK regulators for a lack of progress on open banking today, claiming the “integrity and potential” of the regime in the UK is at risk.
Government must outline support for businesses, urges leading energy supplier December 20, 2022 One of the UK’s leading energy suppliers has criticised the delay in outlining future support for businesses beyond next spring.
Shop ’till you drop: Christmas spending up despite rampant inflation December 20, 2022 Shopping habits die hard as Brits continue to spend across the board in the run-up to Christmas and the holiday season despite historic levels of inflation raising prices. Spending on essentials is up by an average of 43.5 per cent compared to the same time last year, with non-essential expenditure also rising by an average [...]
Meta under fire may face £10m fine from EU December 20, 2022 Meta, Facebook’s parent company has been accused of flouting competition rules by an EU commission. If the charges are proven, they may face a penalty of up to £10m. Meta is likely in breach of the European Union’s anti-trust regulations. The EU’s preliminary review has found that Meta has tied access to the social media [...]
Ouch: Petrofac predicts $100m loss, causing shares to plummet December 20, 2022 Petrofac's shares slid to a record low on Tuesday after the embattled company forecast an operating loss of $100m in its full-year results.