Chaos-stricken Heathrow dealt kerosene blow as refuellers plan to walk out from tomorrow 5am July 20, 2022 Heathrow will need to brace itself for further chaos as refuellers are set to go on a three-day strike starting tomorrow. Around 50 members of the union Unite working for Aviation Fuel Services (AFS) announced the decision yesterday, after they rejected a 10 per cent pay increase. The walkout will begin at 5am tomorrow and [...]
Martin Lewis warns government of ‘financial time bomb’ as cost of living crisis worsens July 20, 2022 Martin Lewis warned the government of a “financial time bomb” due to explode in September as the UK’s cost of living crisis intensifies. The founder of MoneySavingExpert.com issued an “open video letter” to the current Conservative Party leadership candidates and warned of even higher energy costs and civil unrest as the UK struggles with record [...]
Abrdn poised to offload private equity arm July 20, 2022 FTSE-100 asset manager Abrdn is poised to offload the division that manages its private equity funds as it looks to simplify its structure, according to reports.
Keir Starmer on Boris Johnson: ‘A complete bullsh**ter who bullsh**s about everything’ July 20, 2022 Labour’s leader said this morning the outgoing Prime Minister had been “found out” as the country has a sense that “this guy doesn’t mean a word that he says”. Sir Keir Starmer called Boris Johnson a “complete bullshitter” who “took the piss” out of the public with his partygate explanations. Asked for his honest assessment [...]
MPs claim Covid PPE contract ‘failures’ cost UK taxpayer £2.7bn July 20, 2022 There were “significant failings” in the government’s management of personal protective equipment (PPE) contracts during Covid that cost the taxpayer £2.7bn, according to a crossbench committee of MPs. A report from Westminster’s Public Accounts Committee (PAC) says the government is in dispute with 176 contract holders for PPE, worth £2.7bn, around the effectiveness of the [...]
Millions of Brits looking to move abroad in search of a better life as cost of living crisis becomes unbearable July 20, 2022 A staggering 4.5m Brits are considering moving overseas for a better quality of life, as a result of the cost of living crisis and for better career opportunities. In fact, over 3.4m UK working adults say moving outside of the UK is a long-term goal of theirs, while 3 per cent admit they are actively [...]
Rail strike on 27 July: Brits face zero services on some train lines July 20, 2022 Network Rail has warned passengers that limited to no services will run on 27 July, the first of an additional three-day strike called by the union RMT last week. The government-owned operator said that – while “specially-trained back-up staff” will keep vital services running on the day – timetables will be cut down to 20 [...]
Merciless verdict: Accounting watchdog FRC slams BDO and Mazars for ‘unacceptable’ audits July 20, 2022 Auditors BDO and Mazars have been called out for the “unacceptable” quality of their work by the accounting watchdog. The Financial Reporting Council (FRC) said there has been “some improvement” across the auditing sector amid heavy scrutiny following failings linked to the major collapses of firms such as Carillion. FRC chief executive Sir John Thompson [...]
HMRC in crackdown on tax return mistakes as taxman hands out 80 per cent more penalties July 20, 2022 HMRC handed out 80 per cent more penalties for careless errors made by taxpayers in their tax returns last year, with 89,317 penalties issued in 2021/22, up from 49,701 the previous year. Some of the penalties issued for ‘careless errors’ are likely to be for mistakes made in returns filed during the pandemic. While the [...]
Property and rent price rises speed up as low stock and inflation grip households July 20, 2022 The pace of property and rental price rises in the UK has sped up, according to the latest figures, as a cost of living crisis shrinks household budgets. Rents in the UK rose by three per cent in the year to June, up from 2.8 per cent in the 12-months to May. House prices increase [...]