Government needs to step up support for small firms at spring statement March 14, 2022 The government needs to step up support for small businesses to turbo charge the UK economy at this month’s spring statement, according to Britain’s top small firm representative body. Small businesses need support to cope with huge increases in raw material and staffing costs, according to the Federation of Small Businesses (FSB). The organisation today [...]
Fraud watchdog sees spike in whistle-blowing reports during pandemic March 14, 2022 The UK’s fraud watchdog has seen a spike in whistle-blowing reports during the pandemic, new research has found, with the number climbing to 150 in 2021. Reports to the Serious Fraud Office (SFO) jumped 17 per cent between 2020 and 2021, according to independent financial and strategic consulting firm Accuracy, as the Covid-19 fuelled economic [...]
Crypto industry warns of ‘existential threat’ from draft EU regulation March 13, 2022 A European parliamentary committee is poised to vote on new regulation for crypto which industry experts fear could effectively ban Bitcoin and Ethereum.
Russia attack on Ukraine army base near Nato border kills 35 March 13, 2022 An attack on a Ukrainian army base near the border of Poland has killed 35 people and brought the war close to Nato territory. In the most deadly single strike of the war, Russia reportedly fired 30 rockets at the Yavoriv International Centre for Peacekeeping and Security near the city of Novoiavorivsk – a base [...]
Sunak: UK businesses need to urgently cut links with Russia March 13, 2022 More British businesses need to urgently cut any ties with Russia to “inflict maximum economic pain – and to stop further bloodshed,” Chancellor Rishi Sunak urged today. Western blue-chips have been severing ties with Moscow in a combined effort to freeze Russia out of the global economy. The likes of Shell and BP are in [...]
Iran suspends Saudi Arabia talks while US deal hits Russian roadblock March 13, 2022 Iran has paused talks with Saudi Arabia while Russian demands have curtailed its attempts to revive former arrangements with the US.
Another BNP Paribas lawyer in racist slur furore March 13, 2022 A top lawyer at French bank BNP Paribas has called an Asian co-worker a “Cheeky-Chink”. Benoit Faure, head of legal for equity capital markets at the bank, made the slur last May after the employee asked him to hand over spreadsheet data. Faure’s comment was made to another colleague after he had already thanked the [...]
Northern Ireland Protocol: Truss to halt plan to trigger Article 16 and provide economic support March 13, 2022 Liz Truss is set to halt threats to trigger Article 16 and suspend the post-Brexit Northern Ireland Protocol in the wake of Russia’s invasion of Ukraine. The foreign secretary has reportedly written to Boris Johnson to call for a series of measures to boost trade between Northern Ireland and Great Britain, including tax breaks and [...]
Last orders: Restaurant insolvencies spike as economic pressure bites March 13, 2022 Restaurant insolvencies jumped 20 per cent, according to the latest data published from accountancy group UHY Hacker Young It revealed that insolvencies rose to 354 in the last quarter of 2021, – up from 296 in the previous three-month window. UHY Hacker Young argues that despite the end of coronavirus restrictions, the sector will continue [...]
Virgin Atlantic reaps the rewards from oil bet in pandemic rebound March 13, 2022 Virgin Atlantic will offer the same number of seats for customers as this summer as it did in 2019 - prior to the pandemic.