Rolls-Royce shares tumble despite upbeat guidance with growing fears over air travel demand December 9, 2021 Rolls-Royce’s share price slipped on Thursday morning amid gloomy expectations of reduced air travel with the emergent Omicron variant.
Tory outrage grows over Boris Johnson hastily triggering Covid Plan B amid Christmas party scandal December 9, 2021 The Prime Minister is this morning facing anger from Tory MPs after he hastily triggered a switch to his Plan B for coronavirus restrictions to tackle the Omicron variant as Downing Street was engulfed in a crisis over allegations of a rule-breaking Christmas party. Boris Johnson announced on Wednesday that work-from-home guidance will return, Covid [...]
Omicron hit to economy: New Covid restrictions may cost businesses £4bn in December December 9, 2021 The UK economy should brace itself for a £4 bn a month hit and see taxpayers foot the bill for more emergency support as new Covid restrictions to clamp down on the spread of the Omicron variant come into force, a think tank has warned. The right-wing Institute of Economic Affairs (IEA) said Plan B [...]
Gridserve to roll out biggest EV charging upgrade in UK history December 9, 2021 Gridserve will roll out the biggest upgrade of motorway electric vehicle (EV) charging points in UK history, as the company announced that 20 electric hubs will be installed across the country from March. Each hub will feature between 6 and 12 350kW chargers, adding up to 100 miles of range. Gridserve will also build two [...]
Soaring house prices yield £3 trillion windfall for wealthy Brits December 9, 2021 Soaring house prices over the last two decades has delivered £3 trillion in gains for Brits, according to a new report released today. Older homeowners have been the main beneficiaries of swelling house prices, earning around £80,000 on average over the last 20 years, research by the economic think tank the Resolution Foundation has found. [...]
Severe imbalances in jobs market are ‘unsustainable’ for businesses December 9, 2021 Severe imbalances in the UK jobs market are “unsustainable” for businesses and will clamp down on Britain’s recovery from the pandemic, according to a new report released today. Red hot demand for workers is rubbing up against weak supply, causing wages to lift off, research by consultancy KPMG and the Recruitment and Employment Confederation (REC). [...]
Weaker spending to weigh on UK economy next year December 9, 2021 Weaker consumer spending and downbeat trade will cause the UK economy to expand at a slower pace than expected next year, according to a new report released today. The British economy will grow 4.2 per cent next year, a downward revision from 5.2 per cent, according to projections made by the business group the British [...]
UK threatens to impose tariffs on more US goods amid steel dispute December 8, 2021 The UK's trade minister has reportedly threatened to impose tariffs on US goods if Trump-era steel duties are not canned.
GB news plots international expansion as viewers tail off December 8, 2021 Right-leaning broadcaster GB News is reportedly plotting an overseas expansion after its UK launch was beset by difficulties.
Goldman Sachs: Bank of England to hold off on hiking rates until February December 8, 2021 Goldman Sachs have reined in their bet on the Bank of England hiking interest rates at their next meeting due to uncertainty over the trajectory of the Omicron variant. The Wall Street giant had previously expected the Bank to raise rates 15 basis points at its next meeting of rate setters on 16 December. However, [...]