Pound falls below $1.10 for first time in almost 40 years after mini-budget September 23, 2022 Pound Sterling continued to tumble after the mini-budget this morning, plummeting to below $1.10 for the first time since 1985. Financial markets ramped up expectations for interest rates to hit a peak of more than 5 per cent midway through next year, as Citi analysis warned the mini-budget “risks a confidence crisis in sterling”, as [...]
City backs mini-budget measures: ‘Scrapping bonus cap shows we are open for business’ September 23, 2022 The City of London has welcomed measures in today’s mini-budget, backing the scrapping of bankers’ bonuses and freezing of cooperation tax hikes. Policy Chairman at the City of London Corporation Chris Hayward responded to Kwasi Kwarteng’s fiscal statement today, which included a raft of changes from planning and benefits to stamp duty and national insurance. [...]
Breezy does it: Government eases planning rules to boost onshore wind September 23, 2022 Energy bosses have welcomed the Government's decision to relax planning rules around onshore wind developments.
Recruiters cash in on digital revenue thanks to ‘red-hot labour market’ September 23, 2022 Despite squeezed advertising budgets, new data has revealed online publishers are continuing to post positive growth. According to the latest Digital Publishers’ Revenue Index (DPRI) from the Association of Online Publishers (AOP) and Deloitte, total digital revenue for second quarter hit £154.8m, up by 12 per cent on 2021 levels. During this period 2022, recruiters [...]
Exclusive: Green groups raise red flags over fracking September 23, 2022 Environmental think tanks have criticised the Government's decision to lift the moratorium on fracking to boost supply security.
Burberry’s chief operating and financial officer to quit after six years in the job September 23, 2022 A leading figure at luxury British fashion giant Burberry has announced she is stepping down next year. Julie Brown will quit the senior roles of chief operating and financial officer next year, as she heralded for overseeing the firm’s “transformation” and drive for sustainability. Brown’s last day will be on 1 April 2023 at the [...]
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Confirmed: Government to scrap health and social care levy introduced by Boris Johnson September 23, 2022 The Chancellor confirmed to MPs that the health and social care levy introduced by Boris Johnson’s government would be cancelled. Kwasi Kwarteng said: “It is an important principle that people should keep more of the money they earn. It is good policy to boost the incentives for work and enterprise. “Yesterday, we introduced a Bill [...]