Political pressure builds on banks to close gap between savings and mortgage rates June 12, 2023 Banks have been shortchanging customers for nearly a year with the average mortgage rates exceeding savings rates by over three per cent since last July. According to data from Moneyfacts, at the end of last week the average rate on offer for a two year mortgage was 5.87. The average rate on a savings account [...]
Labour’s energy agenda needs a solution for the UK’s oil and gas demands June 12, 2023 Labour's energy manifesto needs a solution for the UK's oil and gas needs if the opposition are fit for government.
New biothreats radar amid warnings Covid vaccine prep ‘dismantled’ June 12, 2023 Government ministers are set to launch a new biothreats radar programme to guard the UK against disease outbreaks, bio-attacks and antimicrobial resistance. Pandemic preparedness, data monitoring and boosting the UK’s life sciences sector with £1.5bn a year are also priorities for the unit, set to be run by the National Situation Centre. Deputy prime minister [...]
Asian investors head to London as ministers look to lure in tech cash June 12, 2023 Asian investors are set to descend on London this week as the government tries to lure foreign cash to the UK in a post-Brexit investment offensive.
UK on course to dodge recession but ‘lacklustre’ growth will linger, KPMG says June 12, 2023 The UK will dodge a recession this year but a tight labour market and sticky inflation will choke off growth, according to the latest forecast from KPMG.
UK car and battery producers set to miss out on benefits from new UK-US partnership June 11, 2023 UK carmakers and battery producers will miss out on benefits from the much-anticipated US-UK economic partnership announced on Thursday, according to analysis from trade experts reported by the Financial Times. Britain’s automotive and electric vehicle (EV) industry had been hoping that “Atlantic Declaration” deals would help address concerns in the sector surrounding the impact of [...]
Shock result as Paul Scully MP fails to make Tory mayoral candidate shortlist June 11, 2023 Conservative MP Paul Scully has failed to make it onto his party’s shortlist in the race to take on Sadiq Khan for mayor of London. The upset saw the minister for London – widely thought of as the likely Tory favourite – snubbed in favour of assembly member Susan Hall, former No 10 advisor Daniel [...]
Cabinet minister claims politics has ‘moved on’ from Boris Johnson June 11, 2023 Politics has “moved on” from the drama of Boris Johnson, a senior cabinet minister has claimed amid a row over the former prime minister’s resignation as an MP and honours list. Energy secretary Grant Shapps told Sky News’s Sophy Ridge on Sunday that while former London mayor Johnson possessed “many qualities”, No 10 was under [...]
Saudi Arabia could replicate Dubai as a ‘playground for everyone’, says Riyadh Air boss June 11, 2023 The British chief executive of Saudi Arabia’s major new airline said on Sunday that the country could become a “playground for everybody” and replicate Dubai’s social and economic liberation, despite ongoing criticism over human rights abuses and corruption. In an interview with the Telegraph, Riyadh Air’s CEO Tony Douglas, a former boss of Etihad Group [...]
Billionaire George Soros hands control of empire to son June 11, 2023 Billionaire financier George Soros has said he is handing control of his sprawling business empire to his son, Alexander Soros, in an interview with the Wall Street Journal published today.