Watchdog told of 650 covid breaches by senior City staff July 19, 2022 The UK’s top financial watchdog was notified of nearly 650 covid breaches by the City’s top brass during the pandemic as well as over 100 counts of bullying and racism, new figures have revealed.
Zahawi to outline plan to change EU’s City rules in Mansion House speech July 18, 2022 The UK’s new chancellor will try to soothe City jitters tomorrow night as a major new report suggests the Square Mile is suffering as a result of political uncertainty. Nadhim Zahawi will tell the annual Mansion House bankers’ dinner that he will “repeal hundreds of pieces of retained EU law” post-Brexit and replace them with [...]
Brits prepared to pay more tax to support vulnerable households facing soaring energy bills July 18, 2022 A majority of people have said they would pay more tax to fund support for low-income households facing soaring energy bills.
Tory leadership: Sunak builds lead as Tugendhat drops out July 18, 2022 Rishi Sunak has built a strong lead in the in the third round of voting in the Tory leadership contest, with Tom Tugendhat dropping out. Sunak got 115 votes from Tory MPs, followed by Penny Mordaunt on 82, Liz Truss on 71, Kemi Badenoch on 58 and Tugendhat on 31. The vote saw Sunak, Truss [...]
Google could face £920m in damages as class action gets green light July 18, 2022 The UK competition tribunal gave group action against Google the green light today, which could cost the tech giant as much as £920m in damages if successful.
Criminal Barristers strike rolls into fourth week with no end in sight July 18, 2022 Criminal barristers today convened at the Palace of Westminster to mark the start of the fourth week of their strike action over legal aid fees. Striking barristers gathered inside the home of the UK’s parliament demanding to see their local MPs, as they continued to call for an immediate 25 per cent increase in the [...]
NatWest will provide £1.25bn in aid to farmers facing inflation July 18, 2022 NatWest will offer farmers a £1.25bn lending package amidst surging inflation in the UK. This package follows earlier support and takes the bank’s total lending for the agriculture sector to more than £6.7bn. The capital will be deployed through loans, asset finance, and higher overdraft limits, and will also help farmers transition to more sustainable practices [...]
UK government strips guarantees on £400m loans paid by Greensill Capital July 18, 2022 The UK government has pulled back guarantees on £400m worth of loans paid out by collapsed financier Greensill Capital to companies linked to steel magnate Sanjeev Gupta. The withdrawal comes after the British Business Bank (BBB) – the UK’s state-owned development bank – in 2020 guaranteed £400m worth loans, given by Greensill, to companies owned [...]
Nearly 900 Tube journeys delayed in three years due to late drivers July 18, 2022 Almost 900 Tube journeys were delayed between 2019 and 2022 as a result of drivers turning up late to work, new Transport for London (TfL) figures have revealed. A Freedom of Information (FOI) request, made by the free market TaxPayers’ Alliance (TPA) think tank, found 894 Tube rides were late by at least two minutes [...]
London’s FTSE 100 jumps amid receding recession jitters July 18, 2022 Recession fears among investors eased today ahead of a bumper week of economic data. London’s premier FTSE 100 index jumped 0.9 per cent to 7,223.24 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, climbed 0.96 per cent to over 19,000 for the first time [...]