British Steel’s Chinese owners push for Government bailout October 1, 2022 The owners of British Steel are seeking an urgent package of financial support from taxpayers, according to Sky News.
Energy bills rise to record highs despite Government support October 1, 2022 Household energy bills have climbed to all-time highs for millions of Brits today, despite a Government cap on costs per unit.
Rail strikes: Brits face worst disruption to rail network in decades October 1, 2022 The biggest rail strike in decades threatens to grind the the network to a halt today, forcing Brits to make new travel plans.
Exclusive: UK still at risk of blackouts, warns energy forecaster October 1, 2022 The UK could still face blackouts this winter, despite easing gas prices and Europe's topping up of energy storage.
P&O Ferries settles with laid-off chef following unlawful firing of 800 staff September 30, 2022 P&O Ferries has settled an employment lawsuit brought forward by one of the nearly 800 seafarers it unlawfully fired in March. The ferry operator settled a case with one of its former chefs for an undisclosed sum after the Dubai-owned company admitted breaking the law by firing 800 staff, without consultation, over a pre-recorded video [...]
Top Apple exec let go over vulgar viral TikTok video September 30, 2022 A top Apple executive is to leave after being filmed making inappropriate jokes on social media. Tony Blevins, the technology giant’s vice president of procurement, was heard talking about “fondling big-breasted women” for his job, during a viral post on TikTok. In the clip by Daniel Mac, a viral blogger who asks people in nice [...]
Think-tank: Kwarteng budget “less out of control than the market thinks” September 30, 2022 ONE of the country’s leading economic think-tanks has described estimates that Kwasi Kwarteng’s package of tax cuts in last week’s mini budget could cost £45bn as a “gross exaggeration.” The package has gone down badly with both markets and politicians, with the cost of UK borrowing spiking due to concerns over runaway government spending. However [...]
Budget watchdog to deliver forecasts next week after emergency meeting with PM September 30, 2022 The UK's independent fiscal watchdog confirmed it will deliver an initial forecast for the government's so-called mini budget next week after an emergency meeting with the chancellor and prime minister today.
Royal Mint releases new £5 and 50p coins with King Charles’ effigy September 30, 2022 Coins bearing the face of new monarch King Charles III have been unveiled by the Royal Mint. The official effigy of the sovereign appears on a commemorative £5 coin and 50p, marking the life of his mother, the late Queen Elizabeth II. The portrait adorning both coins was created by renowned British artist and sculptor [...]
Aston Martin bags hefty investment from Saudi sovereign fund in £654m raise September 30, 2022 Aston Martin has bagged a major investment from Chinese carmaking giant Geely today in a £654m capital raise to bolster its books.