Calls grow to pause benefits sanctions until merciless cost-of-living crisis has calmed down July 14, 2022 Benefits sanctions should be paused by the UK government until the cost-of-living crisis has been resolved, Citizens Advice Scotland has said. Advice from the charity on sanctions to Universal Credit rose by 5 per cent in 2021-22, research published today indicated. With inflation rising and impacting on the cost of goods, Citizens Advice said a [...]
Brussels slashes EU growth forecasts as euro faces ‘end of the beginning’ of US dollar slide July 14, 2022 The worst inflation surge in a generation driven by Russia’s invasion of Ukraine will choke European economic growth, revealed fresh forecasts published today. Predictions for output growth this year among the 27 members of the European Union (EU) remained unchanged at 2.7 per cent, but the European Commission (EC) downgraded expansion in 2023 by nearly [...]
21 killed and 100 wounded in central Ukraine: Russian Army accused of ‘open act of terrorism’ July 14, 2022 Around 21 people were killed and more than 100 wounded after Russian missiles struck a city in central Ukraine. The country’s president called the attack “an open act of terrorism” against civilians in locations without military value. Ukraine’s national police said three missiles hit an office building and damaged nearby residential buildings in Vinnytsia, which [...]
Long read: TikTok’s march to the top by no means inevitable July 14, 2022 Ian Whittaker is twice winner of the City A.M. Analyst of the Year as well as a judge on this year’s awards, and founder of advisory firm Liberty Sky Advisors Given investors’ embrace of capitalism, it is ironic that their view of Tech – especially when it comes to the leading players – can be [...]
MPs urge ministers to back ‘all in’ recycling return scheme July 14, 2022 Some 20 MPs have urged the environment minister to back a scheme that would see Brits charged extra for purchasing drinks in single-use containers, redeemable upon recycling. Cross-party MPs urged George Eustice to “introduce the most ambitious scheme possible,” pointing to successful Deposit Return Schemes (DRS) across the globe. A scheme to encourage consumers to [...]
Solar tech specialist Naked Energy targets £10m funding round to power Stateside dreams July 14, 2022 Naked Energy has opened its Series B funding round - targeting £10m-plus to fund its Stateside expansion plans and to fund its products.
Exclusive: 75 per cent of corporate legal departments are over budget July 14, 2022 The majority of corporate legal departments are running over budget, with almost a third doing so “substantially”. Around sixty per cent have seen an increase in their workload over the past year, but they have struggled to cope with budgetary constraints, and are over-spending. The data was published in the 2022 State of the Corporate [...]
Construction giant Galliford snags £3.4bn in new contracts since start of the year July 14, 2022 British construction giant Galliford Try has snagged £3.4bn worth of new contracts since the beginning of the year, as it steams ahead with building despite economic hurdles. Bosses at the London-listed company said it expect full year pre-exceptional profit before tax to be at the upper end of current analyst forecasts, of between £16.4m and [...]
Nuclear fusion lures investors as scientists hope for new breakthroughs July 14, 2022 Nuclear fusion has enjoyed a huge bump-up in global investment over the past 12 months, raising hopes of a breakthrough.
New era for accountability as EU Commission chief slammed over texts with Pfizer CEO July 14, 2022 The president of the European Commission has been accused of maladministration by the EU watchdog today, over a hidden text exchange with Pfizer’s CEO during the pandemic. The messages, which have not yet been found, are thought to have helped the European Union get hold of 1.8bn Covid-19 vaccines, at a time of massive global [...]