‘Bond market tantrum risks’: Gilt traders brace for Labour leftward pivot as Starmer future uncertain
Govt told: ‘Don’t overpromise but be honest’ about Brexit as red tape, costs and delays hit UK firms February 9, 2022 The public spending watchdog warned this morning that UK trade with the EU has been knocked by Brexit and businesses have faced higher costs, more paperwork and border delays since Britain’s withdrawal. A report by the Public Accounts Committee found that while it was difficult to untangle how much of the hit to trade since [...]
Ambitious target: Sajid Javid plans to recruit 15,000 new health workers by the end of next month February 9, 2022 Health Secretary Sajid Javid has said he aims to recruit 15,000 new health workers by the end of March as the Government warned the NHS waiting list in England will not start to fall for another two years and could even double in size. Sajid Javid, writing in the Daily Telegraph today, said the NHS [...]
Treasury’s £4.3bn fraud write-off likely to be eclipsed by £20bn Covid loan defaults as CBILs and BBLs are not repaid February 8, 2022 The £4.3bn of Covid loans that may have to be written-off by The Treasury due to fraud and highlighted by the recent resignation of Lord Agnew, could be eclipsed by businesses failing to repay their CBILs and BBLs Covid support loans, an industry expert warns. £73.8bn has been loaned under the above schemes to around [...]
Attempts to move civil servants out of London result in twice as many being recruited in the capital February 8, 2022 A new report claims this morning that efforts to move civil servants out of London are “going backwards”. In fact, since 2018, one in three civil servants has been recruited in the city, meaning the number of civil servants has grown twice as fast in London, at 22 per cent, than it has in regions [...]
London suburb of Harrow emerges as unexpected hotspot for tax avoidance February 7, 2022 The London suburb of Harrow has been revealed as the unexpected centre of tax avoidance in the UK with 346 taxpayers coming forward to admit tax avoidance last year, placing it first out of 120 areas of the UK. In fact, The number of people admitting to tax avoidance in Harrow has jumped 280 per [...]
EM impact investing: the importance of the environment February 7, 2022 | City Talk As emerging market (EM) impact investors, care for the environment has long been a concern for us. In fact, the environment is one of five key investment themes we’ve identified as part of our impact investment process. By investing in sustainably run companies whose products or services help address environmental and societal challenges, our intent [...]
UK fintech investment hits £27.5bn, a sevenfold increase in just twelve months February 7, 2022 UK fintech investment topped $37.3bn (£27.5bn) in 2021, a sevenfold increase compared to 2020, as dealmaking activity soared.
Millions of low-paid Brits face ‘perfect storm’ of energy bills and tax rises February 7, 2022 A new report sent to City A.M. this morning warns that millions of low-paid workers are facing a “perfect storm” of higher energy bills and tax rises while Universal Credit (UC) falls behind the cost of living. The TUC union said its research suggested the number of workers on UC has increased by 1.3m since [...]
Top dog: Pets at Home appoints Lyssa McGowan as chief executive February 7, 2022 Pets at Home has poached its new chief executive Lyssa McGowan from Sky UK with the offer of a £580,000 salary.
Average UK house prices soar to record £276,000 February 7, 2022 The average UK house buyer forked out 9.7 per cent more in January 2022 than they would have done a year ago.
