NHS strike action paused as government offers ‘extra £2.5bn’ March 16, 2023 NHS strikes are set to be paused after the government offered up “an extra £2.5bn” to fund a fresh pay deal for healthcare workers. It comes the day after Chancellor Jeremy Hunt faced criticism for failing to announce any measures on public sector pay in his budget, amid widespread industrial unrest. This includes all NHS [...]
Exclusive: Hanbury founders offload political intelligence division to DeHavilland March 16, 2023 The founders behind fast-growing communications and advisory firm Hanbury Strategy have sold their political intelligence division, Forefront Advisers, to its larger rival DeHavilland, City A.M. understands. Hanbury, founded by well-connected former political advisers Paul Stephenson and Ameet Gill in 2016, was split into three divisions two years ago as the firm grew, with Forefront offering [...]
ECB hikes interest rates to highest level since financial crisis, ignoring market turmoil centred on Credit Suisse and European banks March 16, 2023 The European Central Bank (ECB) today hiked interest rates 50 basis points despite concerns about Credit Suisse’s finances sparking turmoil in the bloc’s banking market. President Christine Lagarde and co’s move was in line with expectations and takes Euro borrowing costs to three per cent, the highest level since the financial crisis in 2008. Markets [...]
Bentley drivers shrug off cost of living crisis as luxury carmaker reports best ever year of sales March 16, 2023 Bentley saw its profits soar to a record £623.7m in 2022 in what has been described as a “milestone” year for the British luxury car brand. The operating profit announced on Thursday was an 82 per cent increase of £281m on its 2021 figure of £342.5m. The firm also turned over £2.98bn in 2022 – [...]
Russia takes its war with Ukraine to London’s High Court as battle begins over a soured $3bn bond deal March 16, 2023 The UK’s top court yesterday ruled the Ukrainian government should be given the opportunity to face the Kremlin in London’s High Court, in a more than $3bn dispute over a 2013 bond deal. The Supreme Court’s ruling is set to see the UK’s High Court become the new front for the continuing fight between Russia [...]
Credit Suisse crisis: What’s going on and what will happen next? March 16, 2023 Credit Suisse was once one of the world’s largest and most respected financial institutions but this week its shares have been on a downward spiral. Although the Swiss bank had been caught up in market speculation over the health of the global financial system it has been beset with problems over the last few years [...]
UK risks losing out on green energy projects under latest government auction plans March 16, 2023 The UK will miss out on vital investment in energy projects in the upcoming renewable auction this month, warned Renewable UK.
No strike? Still no service! Wednesday’s Tube walkout bleeds into Thursday as rail action cripples London commuter belt March 16, 2023 London commuters vented their anger as Wednesday’s Underground strike continued to cause disruption throughout Thursday morning. People going to work faced fresh difficulties this morning following yesterday’s industrial action by RMT and Aslef union workers, with stations closed up until 7am, as the service was regulated.. As of Thursday at midday, none of the Bakerloo, [...]
Jeremy Hunt tax hikes and weak economy to swipe £10k from Britons while wealthy reap pension rewards March 16, 2023 Britons are poised to miss out on £10,000 of income over the coming years after Chancellor Jeremy Hunt lifted taxes to their highest sustained level in history, experts have predicted. When combined with sluggish economic growth , the Institute for Fiscal Studies (IFS) has estimated that the tax take means real incomes will be at [...]
Watch the moment a Russia warplane dumps fuel on a US drone as fears of direct conflict intensify March 16, 2023 The Pentagon has released footage of what it says is a Russian aircraft conducting an unsafe intercept of a US Air Force surveillance drone in international air space over the Black Sea. The 42-second video released on Thursday shows a Russian Su-27 approaching the back of the MQ-9 drone and beginning to release fuel as [...]