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      Drinks firms ‘have no choice’ but to increase prices, say industry bosses

      Management has laid out ambitious plans to grow the business to £100m revenue

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      Crystal Palace owner and F1 driver Gasly back Drive to Survive star’s MotoGP takeover

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Politics

  • 21 killed and 100 wounded in central Ukraine: Russian Army accused of ‘open act of terrorism’

    July 14, 2022

    Around 21 people were killed and more than 100 wounded after Russian missiles struck a city in central Ukraine. The country’s president called the attack “an open act of terrorism” against civilians in locations without military value. Ukraine’s national police said three missiles hit an office building and damaged nearby residential buildings in Vinnytsia, which [...]

  • New era for accountability as EU Commission chief slammed over texts with Pfizer CEO

    July 14, 2022

    The president of the European Commission has been accused of maladministration by the EU watchdog today, over a hidden text exchange with Pfizer’s CEO during the pandemic. The messages, which have not yet been found, are thought to have helped the European Union get hold of 1.8bn Covid-19 vaccines, at a time of massive global [...]

  • Tory leadership race: UK retail titan Lord Stuart Rose backs Rishi Sunak

    July 14, 2022

    The Conservative party should choose Rishi Sunak as its next leader as he has a “big brain” and understands “the need for us to get our economy back on track”, according to Asda chair Lord Stuart Rose. Rose – who was previously chief executive at Argos, Marks & Spencer and the Arcadia Group – said [...]

  • Tory leadership contest: Mordaunt faces rival attacks as Truss battles to keep pace

    July 14, 2022

    New Tory leadership favourite Penny Mordaunt has faced increased attacks by opposition camps this morning as foreign secretary Liz Truss battles to keep pace in the contest. Former senior minister Lord David Frost this morning said Mordaunt was not up to the job of Prime Minister, while also revealing that he asked Boris Johnson last [...]

  • Tory leadership: Poll says Sunak at just 28 per cent among members as Mordaunt’s support surges

    July 14, 2022

    The six remaining Tory leadership hopefuls are preparing for the final sages of the contest with the results of the second ballot at 3pm today. Three clear frontrunners have emerged after the first round, with Rishi Sunak receiving 88, Penny Mordaunt on 67 and Liz Truss on 50. This comes amid disastrous polling from YouGuv [...]

  • Brits to receive first cost of living payments from government starting today

    July 14, 2022

    Eight million Brits will begin receiving payments to help with the cost of living crisis on Thursday.. Direct payments will be automatically made into recipients’ bank, building society or credit union account, for low-income households on means-tested benefits. The first payment, referred to as the DWP Cost of Living payment, will consist of £326 and [...]

  • Mixed reviews: Government puts brakes on Online Safety Bill as parliamentary schedule squeezed

    July 14, 2022

    The government have delayed the remaining stages of the Online Safety Bill after the turbulence at Number 10 has squeezed parliamentary calendars.

  • EU prepares to cut down gas demand ahead of cold winter months amid Russian disruption

    July 14, 2022

    The EU will encourage member states to cut down the continent's gas demand by incentivising industries to use less energy.

  • Boris Johnson’s business adviser to take lobbying job at Teneo

    July 13, 2022

    Boris Johnson’s business adviser has accepted a job at lobbying giant Teneo, less than a week after the Prime Minister announced he would resign. Alex Hickman will lead the multinational firm’s UK government affairs team, according to Sky News, and he will advise major corporate clients on the latest policy developments in Westminster. However, current [...]

  • Exclusive: Tory leadership hopefuls’ income tax cut pledges will not support poorest

    July 13, 2022

    Tory leadership hopefuls’ promises to bring forward the planned income tax cut will not help “those in real financial need”. That’s according to Tim Sarson, head of tax policy at KPMG UK, who shared his thoughts exclusively with City A.M. on what the eventual winner of the contest and the long-term chancellor need to prioritise. [...]

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