Complaints over unsafe housing taking a year to resolve after campaign to speed it up March 28, 2023 Social housing tenants are being forced to wait 12 months or more for the housing ombudsman to deal with complaints of unsafe conditions, despite a government campaign to speed up the process. Earlier this year, Michael Gove, the Housing Secretary, launched the “Make it Right” advertising campaign, directing people to complain to the housing ombudsman [...]
Analysis: SNP emerges weaker than ever after Yousaf’s victory March 27, 2023 Rivals scrapped bitterly over their records and castigated each other’s positions, as they fought to take up a dying cause. This isn’t about the new series of Succession, but another bruising round of political infighting and power plays in the Scottish National Party. Humza Yousaf’s election as the UK’s first Muslim leader of a (for [...]
Andrew Bailey: Our banks are sound – we’ll keep hiking if inflation persists March 27, 2023 The Bank of England will be forced to jack up interest rates again if incoming data shows inflation is not falling fast enough in response to the central bank’s eleven straight rate rises, Governor Andrew Bailey said today. Further pain will be needed to be borne by families and businesses if price pressures keep pinning [...]
Unions slam government’s ‘appalling decision’ to award freeport contract to firm behind P&O Ferries sackings March 27, 2023 Trade unions have hit out at the UK government over its decision to let the company that owns P&O Ferries run the new Thames Freeport development – after the Dubai-owned shipping company “chose” to break the law by firing nearly 800 staff last year. TUC general secretary Paul Nowak slammed the government’s “appalling decision” to [...]
It ain’t easy being CZ: Binance chief sued by US regulator for alleged trading violations March 27, 2023 The chief of crypto exchange Binance has been sued by US regulators today for a slew of trading rule violations, including helping customers evade its own compliance controls.
After fining Deloitte £25m, China vows to discipline the Big Four March 27, 2023 China has vowed to toughen its stance towards the Big Four accounting firms after hitting Deloitte with a £25m fine for auditing failures. After meeting with Deloitte’s global chair Sharon Thorne, China’s Ministry of Finance (MoF) outlined plans yesterday to “strengthen” its supervision of the country’s audit sector by “strictly” enforcing “financial discipline.” China’s vice [...]
Jeremy Hunt’s Parent Trap: Why young City parents are better off earning £99k than £135k March 27, 2023 Some 55,000 parents will miss out on Chancellor Jeremy Hunt’s expanded package of childcare support due to earning more than £100,000, new research out today shows. Number crunchers at the research firm the Centre for Economics and Business Research (CEBR) reckon 71 per cent more working parents over the next five years will be incentivised [...]
Matalan drafts in supermarket execs as bruised retailer looks to rebuild reputation March 27, 2023 Matalan has drafted in a pair of former Lidl and Co-op executives as the bruised value retailer looks to rebuild its performance following the exit of founder John Hargreaves earlier this year. Jo Whitfeild, the former chief of the Co-op’s food division, will take the lead as Matalan’s chief executive. She will replace interim chief [...]
FTSE 100 close: Deutsche Bank surges while Barclays and HSBC yank London index higher March 27, 2023 London’s FTSE 100 kicked off the week in upbeat style, yanked higher by UK banking giants Barclays and Lloyds racking up gains. The capital’s premier index jumped 0.9 per cent to 7,471.78 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.19 per cent [...]
Oil sightings down 60 per cent after leak in Poole Harbour as clean-up plans launched March 27, 2023 Sightings of oil in Poole Harbour following a pipeline spill are down 60 per cent after a clean-up plan begins to protect nature reserves.