Britain hurtling toward long economic slump and record living standards squeeze September 6, 2022 Britain is sinking into a long economic slump that will deal the biggest hit to household finances on record, a new report released today shows. A historic inflation surge led by sky-high energy bills is set to tip the country into a recession this year, wiping off £2,000 of Brits’ real take home pay, according [...]
Liz Truss says UK can ‘ride out the storm’ in first speech outside Number 10 September 6, 2022 Liz Truss has vowed that Britain can “ride out the storm” it is facing during her first speech outside Number 10 Downing Street. The former foreign secretary was greeted by warm applause as she arrived at Number 10 for the first time as Prime Minister, and said she would outline her energy support package later [...]
Legal fee hike on current cases could end barristers strike, CBA chair suggests September 6, 2022 AN IMMEDIATE 15 per cent hike to legal aid fees for ongoing cases could be enough to end the barristers’ strike, the chair of the Criminal Bar Association (CBA) hinted today. CBA chair Kirsty Brimelow told MPs today that the group would ballot its members on ending the strike if “significant” progress is made “That [...]
World heading towards a ‘perfect’ cybercrime storm, cybersecurity experts warn September 6, 2022 THE COMBINATION of mounting geopolitical tensions, the looming economic downturn and the push to digitalise business processes is creating a “perfect storm” for hackers, cybersecurity experts told City A.M. NCC chief executive Mike Maddison said the digitisation agenda on the back of the global pandemic has created new opportunities for hackers in opening up new [...]
Exclusive: MPs rebuke Wise after it freezes not-for-profit’s account September 6, 2022 Money transfer firm Wise has been rebuked by a group of MPs today after it suddenly froze the account of a non-profit drug policy organisation and prevented its staff from being paid, City A.M. can reveal.
Allwyn still not quite at National Lottery jackpot September 6, 2022 DESPITE Camelot confirming that it would be withdrawing its legal challenge against Allwyn over the National Lottery licence, there remains one last obstacle between the Czech firm and the jackpot contract: IGT. While the Gambling Commission acknowledged Camelot’s decision, the regulator said it wasn’t aware of changes to technology firm IGT’s position. IGT, which provides [...]
Liz Truss’s fashion journey to Downing Street: From fluorescent suits to Thatcher bows September 6, 2022 Liz Truss’s journey from Liberal Democrat speech-maker to Conservative Prime Minister has involved a number of eye-catching moments, not least the colourful outfits she has worn. Whether standing on a podium, striding to and from 10 Downing Street, or hitting the campaign trail, the latest UK leader has made a name for herself with a [...]
DS Smith wraps up another investor confidence package September 6, 2022 Shares climbed for DS Smith this afternoon after the packaging firm said it had posted strong profit growth in the recent quarter. The company said in its AGM trading update that overall trading was in line with expectations thanks to “pricing momentum and good cost control”. “We are focusing on ensuring the highest levels of [...]
Auditors flag unusual accounting for TalkTalk as consolidation remains up in air September 6, 2022 Auditors have flagged a series of unusual accounting practices for broadband giant TalkTalk. According to the firm’s annual report, which was obtained by The Telegraph, TalkTalk’s auditors Deloitte said in a reasonable worse case scenario the firm would only be able to meet the covenants on its debt by excluding more “exceptional items” from everyday [...]
London’s FTSE 100 jumps as Liz Truss mulls cost of living support package September 6, 2022 London’s FTSE 100 jumped today driven by investors being reassured by new prime minister Liz Truss preparing to ramp up support for households and businesses this week. The capital’s premier index added 0.18 per cent to reach 7,300.44 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the [...]