Truss pledges to create ‘agriculture of the future’ by removing EU red tape August 1, 2022 Liz Triss will outline her plans today to remove EU regulations and make British farmers more competitive. The prime ministerial candidate will visit farmers in the southwest of England and highlight the “once in a lifetime opportunity” leaving the EU has given us to “truly unleash British food and farming”. She plans to ensure the [...]
Sky-high inflation slows UK private sector economy to ‘standstill’ August 1, 2022 Consumers reacting to scaling prices by cutting spending is expected to grind the UK economy to a halt, new surveys published today revealed. Private sector firms think they will squeeze out zero growth over the next three months, according to the Confederation of British Industry (CBI), the country’s largest business lobby group. Businesses are beginning [...]
Exclusive: UK small businesses on high recession alert August 1, 2022 British sole traders and small businesses are battening down the hatches in preparation for a looming recession, exclusive research shared with City A.M. reveals. Over three quarters of small firms are fretting over the UK economy steering into reverse, according to fintech firm iwoca. Firms are scrambling to boost their cash reserves to help weather [...]
Brits struggle to cut back as inflation eats into budgets August 1, 2022 Brits are struggling to find any more areas of spending to cut back on to keep their finances above water, a new survey published today reveals. Over one in 10 households will have nothing else to slash from their budgets when the October energy price cap hike lands, according to a survey by Legal and [...]
New pension scheme to ‘inject innovation’ into the industry August 1, 2022 A brand new vehicle to help Brits save for retirement launches today in what is being billed by ministers as “an injection of innovation” into the pension regime. Collective defined contribution pensions (CDC) will provide an alternative to defined contribution (DC) and defined benefit (DB) pension schemes, Britain’s two main retirement saving programmes. CDCs are [...]
Exclusive: EV charging firm Pod Point expects supply chain issues to die down soon August 1, 2022 The supply chain issues that have plagued the automotive industry over the last year will die down within the next 12 to 18 months, said Erik Fairbairn, chief executive of electric vehicle charging provider Pod Point. “I really think that supply chain issues could last [between] 12 and 18 months but they are short-term in [...]
UK lags behind EU rivals in easing burden of fuel prices August 1, 2022 The UK lags behind many of its EU rivals when it comes to easing the burden of high fuel prices. Data released today by motoring group RAC has shown that – among the EU countries that have cut petrol taxes since March – only Luxembourg and Croatia have done less for drivers than Britain. The [...]
A roaring success: Lionesses beat Germany to end England’s 56-year wait for football glory July 31, 2022 England’s Women last night succeeded where their male counterparts have fallen short, winning the European Championship through substitute Chloe Kelly’s extra-time goal to end the country’s 56-year wait for another major international football trophy. Naturally – this being an England national team – they didn’t make it easy. At times they rode their luck against [...]
Claims Prince Charles’ charity accepted £1m gift from Osama bin Laden’s brothers July 31, 2022 Prince Charles was given a £1m donation for his charity from Osama bin Laden’s half-brothers, Bakr and Shafiq bin Laden, according to reports. The Sunday Times has reported that the Prince of Wales allegedly had a private meeting with Bakr at Clarence House in London in October 2013, two years after Osama bin Laden was [...]
MPs urge Liverpool FC to cut ties with Standard Chartered over support for Hong Kong security law July 31, 2022 MPs have urged Liverpool football club to break its sponsorship deal with Standard Chartered over the the bank’s past support for a draconian national security law in Hong Kong. In a letter to Billy Hogan, the football team’s CEO, MPs and peers from the All-Party Parliamentary Group on Hong Kong highlighted that following mounting authoritarianism [...]