FCA reveals major consumer regulation shake-up but delays deadlines after industry protest July 27, 2022 The UK’s top financial watchdog has revealed its plans to tighten protections for consumers today in the biggest package of regulatory reforms to hit the City in a decade.
Credit Suisse Group boss set for exit amid company shake-up plans July 26, 2022 Credit Suisse Group is reportedly set to announce the departure of chief executive Thomas Gottstein, according to The Wall Street Journal.
EON boss calls on Government to provide more support for households as winter crisis looms July 26, 2022 One of the UK's leading energy bosses has urged the government to offer more help to the poorest families facing unaffordable increases in energy prices.
Greenpeace launches legal bid to overturn Jackdaw gas field approval July 26, 2022 Greenpeace has mounted a legal challenge against the Government, following its approval of the Jackdaw oil field last month.
IMF economy warning reverses FTSE 100 gains despite Unilever’s best efforts July 26, 2022 A bleak set of projections from the International Monetary Fund (IMF) pegging UK growth as the worst in the G7 weighed on London markets today. The capital’s premier FTSE 100 index remained unchanged, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 1.18 per cent [...]
TalkTV Tory leadership debate halted after ‘medical issue’ July 26, 2022 Tonight’s TalkTV/The Sun debate between Rishi Sunak and Liz Truss finished prematurely, after the moderator fainted on stage. A NewsUK spokesperson said Kate McCann, political editor at TalkTV, was fine but that it was decided the debate should not continue. A loud crash was heard about 30 minutes into the debate and a visibly shaken [...]
Government doesn’t know whether traffic-light travel system worked July 26, 2022 The UK Government doesn’t know whether the traffic-light system implemented during the pandemic worked. According to a report published today by the Public Accounts Committee (PAC), ministers spent £486m on travel measures to contain the spread of Covid but “did not track its spending on managing cross-border travel or set clear objectives.” The group of [...]
Volodymyr Zelensky pays tribute to Boris Johnson as he receives Churchill Award July 26, 2022 Volodymyr Zelensky has praised Boris Johnson’s role in helping Ukraine in its war against Russia as he received a Sir Winston Churchill Leadership Award in a Downing Street ceremony. Zelensky said that Ukraine was “not left alone” when Russia invaded its neighbour on 24 February and told Johnson that “this award is yours as well”. [...]
EU finalises compromise deal to cut gas usage ahead of winter July 26, 2022 EU member states have settled on a diluted emergency plan to curb gas demand this winter in case Russia turns off the taps this winter.
UK sinks to bottom of G7 growth league amid global economic downturn July 26, 2022 The global economy could be hurtling toward one of the sharpest slowdowns in recent memory, with the UK plummeting to the bottom of the G7 growth league, the International Monetary Fund (IMF) warned today. A full shut off of Russian gas flows to Europe and more upside inflation shocks would plunge growth into among the [...]