Green, open and fiscally responsible: business demands revealed ahead of Budget – CityAM : CityAM October 24, 2021 UK businesses are calling on the Chancellor to focus on attracting investment back into the country as well as using incentives, rather than purely taxes, to transition to a greener economy. Data from EY’s Budget survey revealed that two third of the 1,000-plus businesses interviewed listed attracting investments as their main priority. However, respondents also [...]
Tesco website and app hit by hackers October 24, 2021 Tesco’s website and app are down for a second day after being hit by hackers. Thousands of shoppers have been unable to book deliveries or amend existing orders due to the outage. The grocer said it did not believe customer data would be impacted and work was being taken to ensure private information was protected. [...]
Tory peer calls for greater scrutiny of quangos by parliament October 24, 2021 The number of quangos is steadily growing under Boris Johnson’s government and they should be more accountable to parliament, according to a new report. A report by Tory peer Lord Andrew Tyrie is calling for an “oversight panel” that would hand parliamentary committees the “tools and expertise” to scrutinise quangos. A recent report by Westminster’s [...]
Labour calls for vaccine passports as part of Plan B restrictions in winter October 24, 2021 Labour has today called for the government to bring back Covid restrictions this winter, after a pair of rapid U-turns on the issue. Shadow chancellor Rachel Reeves said Boris Johnson should advise people to work from home, while also making face masks and vaccine passports mandatory as a part of the government’s Plan B Covid [...]
Rishi Sunak admits UK has ‘no magic wand’ to stop rising inflation October 24, 2021 Rishi Sunak has said he has no “magic wand” to stop increasing inflation as he admits that the issue could be out of the UK’s control. Sunak today said increasing rates of UK inflation were down to global supply chain issues post-Covid and surging global energy prices and that there was little he could do [...]
Cross-chain bridge connecting Cardano and Ethereum set to open – CityAM : CityAM October 22, 2021 Input Output Global – developer of the Cardano blockchain – has created a cross-chain ‘bridge’ with NFT solutions provider Bondly to connect the Cardano and Ethereum networks. Development of the bridge, which marks the first project of the partnership, will allow NFT creators to easily move their NFTs from the energy-intensive Ethereum blockchain to Cardano. [...]
Hollywood wakes up in shock after Alec Baldwin kills cinematographer with prop gun October 22, 2021 The killing of cinematographer, Halyna Hutchins, has sent shockwaves across the world, after Hollywood actor Alec Baldwin accidentally discharged a prop firearm on a New Mexico set. The incident also wounded director, Joel Souza, and production of the film has been halted for an “undetermined period,” according to Rust Movie Productions LLC. Baldwin, 63, is the co-producer [...]
UK seals deal to end Digital Services Tax and transition to global system October 21, 2021 The UK has agreed to scrap its Digital Services Tax on online giants like Amazon in a move that will stop Joe Biden slapping tariffs on British goods. An agreement was struck with the EU and US yesterday on how to transition from the Digital Services Tax to a new global system agreed by G20 [...]
South Western Railway won’t restore pre-pandemic rail service in ‘attack’ on business October 21, 2021 South Western Railway (SWR) will not restore its London rail services to pre-pandemic levels next year in a move that has been labelled as “an attack” on central London’s economic recovery. Figures, compiled by the Liberal Democrats, show SWR will cut their services across South West London from December 2022, compared to pre-pandemic levels, by [...]
Form Ventures closes £30m new fund to support startups navigating regulated sectors October 21, 2021 Venture capital firm Form Ventures, which aims to help startups navigate regulatory and policy issues as they scale, has today closed its second fund at its target size of £30m. British Business Bank was the fund’s cornerstone investor and was joined by several notable backers including Isomer Capital and Draper Espirit. Form plans to invest [...]