Government to review UK regulators in hunt for post-Brexit ‘advantages’ October 2, 2023 The government has committed to review the UK’s sprawling regulatory system today in a bid to strip back red tape and find “post-Brexit regulatory advantages”. In a statement today, business secretary Kemi Badenoch said the government would kick off an “in-depth review” of how regulators work in the UK. The aim of the new deep [...]
Coutinho: Firms to be given more rooftop space for solar October 2, 2023 Businesses will be able to use more of their rooftops to generate solar power to reduce the technology’s presence in the countryside.
Tesla misses delivery targets as factory shutdowns hit production October 2, 2023 Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories forced production halts, sending its shares down 2.4 per cent in early trading. The electric vehicle maker handed over 435,059 vehicles in the three months to 30 September, down nearly seven per cent from the preceding quarter, but said its target [...]
Hunt announces civil service hiring freeze as he aims to shrink the state October 2, 2023 Chancellor Jeremy Hunt today announced a freeze on civil service recruitment and pledged to shrink the size of the state.
Yields continue rising after global bond sell-off last week October 2, 2023 Yields on sovereign bonds edged up again on Monday, renewing a sell-off which took steam last week amid concerns over higher interest rates.
Tourism tax: Heathrow sees rise in Chinese visitors — but they are not splashing the cash October 2, 2023 Chinese visitors have returned to numbers close to those before the pandemic — but they are not spending like they used to. Heathrow has reported that Chinese visitor numbers were at 88 per cent of 2019 levels in July, but the airport said their spending at its shops was only 33 per cent of what [...]
UK industry risks falling foul of EU’s new carbon tax October 2, 2023 British businesses selling into the European Union are unprepared for the bloc's new carbon tax and run the risk of penalties.
Stocks and sandals: Birkenstock targets over $9bn valuation in US IPO October 2, 2023 Birkenstock said today that it is seeking a valuation of up to $9.2bn in its highly anticipated US initial public offering.
ESG priority for investors is avoiding corruption, says new survey October 2, 2023 Avoiding companies with corrupt practices is one of the top ESG priorities for investors, a new survey has found. And even if a company is back on the rails after suffering a scandal, investors still prefer to back corporates with a clean record. In the survey of Hargreaves Lansdown clients, nearly 83 per cent said [...]
War with Taiwan would ‘collapse the Chinese economy’, Cleverly tells Tory conference October 2, 2023 China’s economy would collapse if it went to war with Taiwan, James Cleverly said, as he defended his policy of “clear eyed” engagement with Beijing. The Foreign Secretary said concerns about the strength of China’s economy were already forcing the ruling Communist Party to change course. Cleverly became the first UK Foreign Secretary to visit [...]