Nadine Dorries calls for Boris Johnson to return as Prime Minister October 17, 2022 Former culture secretary Nadine Dorries has the Conservatives should reinstall Boris Johnson as Prime Minister. The staunch ally of the ex PM took to Twitter ahead of chancellor Jeremy Hunt’s bombshell statement on Monday morning. Hunt announced the UK’s energy bills freeze will only be universal until April and binned the majority of Liz Truss’ [...]
Hunt ditches ‘almost all’ of Truss’ tax cuts as chancellor bins mini-Budget October 17, 2022 Jeremy Hunt has binned “almost all” of Liz Truss’ mini-Budget, while also announcing that the UK’s energy bills freeze will only be universal until April. The new chancellor confirmed more of Truss’ tax cuts have now been overturned – including the planned cut to the basic rate of Income Tax – in a bid to [...]
Low-cost carrier launches direct services to US following Washington approval October 17, 2022 Low-cost airline Norse Atlantic has pledged to ramp up services between the UK and US after it received the green light from the US department of transportation to operate direct flights. The low-cost carrier started operating flights from Gatwick to New York in August – offering return trips from £255 – but it was forced [...]
Moscow’s elite in shock as another close Putin ally suddenly dies: Gazprom ‘wonderkid’ and Kremlin insider Nikolay Petrunin is no more October 17, 2022 Rumours are flying in Moscow today as it has emerged that another one of Vladimir Putin’s close allies has suddenly dies. Nikolay Petrunin, a 46-year-old Russian multimillionaire and a close confidant of the Russian president, is no more. The official reason by authorities was that the Gazprom executive has died as a result of complications [...]
Record 730,000 retirees returning to work to top up pension as living crisis pushes older Brits to the brink October 17, 2022 More than 733,000 retirees across the UK are preparing to return to work as the cost-of-living crisis escalates, according to new research shared with City A.M. this morning. For 12 per cent of those in retirement, rising inflation has “upended” their retirement plans. More than a third of UK retirees are worried they will no [...]
Exclusive: Over 50,000 small businesses in London collapse as SME bloodbath rages October 17, 2022 Swelling energy bills and a softening UK economy have sparked a surge in small business closures in London, exclusive figures shared with City A.M. reveal. The number of SMEs that have disappeared in the capital swelled to 53,880 this year, up sharply from 37,350 in 2017, according to analysis of Office for National Statistics figures [...]
Met chief vows to ‘confront culture’ that allowed corrupt officers to remain in ranks October 17, 2022 Met Commissioner Sir Mark Rowley has vowed to “confront the culture, systems and leadership that have let down the public and staff alike” following a damning report by Baroness Louise Casey. In her review – which was published interim today before final publication in the spring – Baroness Casey reported that hundreds of corrupt police [...]
On the Beach promotes marketing chief to executive director October 17, 2022 On the Beach has promoted chief marketing officer Zoe Harris to executive director with immediate effect. Harris joined the beach holiday retailer in early 2021, after holding top positions at the likes of GoCo Group, which provides online comparison and information services, and newspaper powerhouse Reach. She was credited for introducing the provision of free [...]
Made.com receives non-binding proposals in rescue sale talks October 17, 2022 Made has said it has recieved “a number of” non-binding indicative proposals, as the online homeware retailer searches for a buyer amid tumbling sales. After reviewing the proposals, the board has invited” a select number of parties” to progress towards firm offers by the end of October, following a due diligence process, Made said on [...]
Audioboom rakes in £50m in third quarter as advertising revenue perks up October 17, 2022 Podcast giant Audioboom has announced it took in £50m up until September, a 44 per cent increase on last year. The firm said quarterly revenue was however down from £15m to £14.3m as a tough economic climate continued to impact its intake. A boost in advertising revenue of £68m in 2022 so far has helped [...]