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      Bank of England to ‘tolerate slow return’ to inflation target as interest rates held

      Bank of England Governor Andrew Bailey said cited several indicators that the labour market was softening.

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Transport & Infrastructure

  • Arnold Clark: UK car dealership pays founders’ family £67m dividend

    October 2, 2023

    Arnold Clark, one of the UK’s largest car dealerships, has given the surviving family of its billionaire founder £67m worth of dividends, according to the latest Companies House filings. The sum brings the total money the family has taken out of the business to £118m over the last two years and comes after a record [...]

  • Jeremy Hunt admits he flew to Manchester Tory conference from London

    October 2, 2023

    Jeremy Hunt has admitted he flew to Manchester from London for the Conservative Party conference rather than taking the train. The Chancellor blamed a train cancellation due to industrial action for choosing the carbon-intensive mode of transport. It comes as train drivers are striking on the start and end dates of the Tory gathering in [...]

  • Rail strikes on start and end date of Tory conference not political – Aslef

    September 30, 2023

    Train drivers are striking on the start and end dates of the Conservative Party conference for industrial, not political, reasons, Aslef general secretary Mick Whelan has said.

  • Sunak ‘removing the alternatives’ to driving, say six major walker and cyclist groups

    September 29, 2023

    Rishi Sunak has been accused by walking and cycling groups of “removing the alternatives” to driving amid speculation he is preparing to curb 20mph speed limits. Six leading active travel organisations claimed the Prime Minister will “make the roads worse” if he goes ahead with the move. Several newspapers reported that a Plan for Motorists [...]

  • Rishi Sunak poised to limit new 20mph zones after Uxbridge ULEZ by-election

    September 29, 2023

    Rishi Sunak is preparing to curb English councils from introducing new 20mph speed limits, according to reports. The Prime Minister will unveil the measure as part of a Plan for Motorists at the Tory conference in Manchester, according to several newspapers. He is reportedly planning to limit the power of local authorities to impose new [...]

  • Weekend travel chaos with overtime ban by train drivers today before Saturday’s strike

    September 29, 2023

    Train drivers will ban overtime on Friday ahead of two days of strikes which will cause fresh travel chaos for passengers. Members of Aslef at 16 train operators in England are embroiled in a long-running dispute over pay, with no sign of a breakthrough. The drivers will strike on Saturday and again next Wednesday, coinciding [...]

  • Severn Trent shares rise after firm announces plans to invest nearly £13bn in bid to cut leaks and storm overflows

    September 29, 2023

    Severn Trent is planning to invest £12.9bn between 2025 and 2030 as the water company seeks to set an example to a tarnished industry.

  • Ryanair boss O’Leary cuts flight due to Boeing plane delivery delays

    September 28, 2023

    Ryanair announced it has cut its winter flight schedule due to delays in the delivery of new Boeing 737 planes. It will reduce the number of aircraft it planned to base at several airports across Europe, including East Midlands Airport and Dublin Airport. The airline said it was due to receive 27 new Boeing aircraft [...]

  • Sunak will be driving to Tory conference due to strikes (instead of taking a private jet)

    September 28, 2023

    Rishi Sunak has denied that people feel betrayed by his wavering over the future of HS2, and he’ll be driving to the Tory conference, leaving his private jet at home. The Prime Minister, giving a string of local radio interviews ahead of the Conservative Party conference, did nothing to quell fears he is preparing to [...]

  • Pendragon: Car dealership’s profits leap as it finds itself in three-way bidding war

    September 27, 2023

    Car dealership Pendragon has posted higher half-year profits as the group finds itself at the centre of a three-way takeover tussle. Its half-year figures, which come just hours after it revealed a rival bid approach from US car retail giant Autonation, show pre-tax profits rising 10.6 per cent to £36.4 million in the six months [...]

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