Government is failing to incentivise chip manufacturers to remain on UK soil, say tech leaders July 6, 2022 The government is failing to properly entice semiconductor companies to remain on UK soil, tech leaders told ministers yesterday. Simon Thomas, CEO of Paragraf, a manufacturer of advanced semiconductors made of graphene, accused the Department of International Trade (DIT) of sending “mixed signals” and warned that the UK risks being side-lined as bullish efforts by [...]
Nadhim Zahawi hastily confirmed as new Chancellor as Boris Johnson’s cabinet crumbles in front of nation’s eyes July 6, 2022 Nadhim Zahawi is the new Chancellor, Downing Street has confirmed. He will move from the post of education secretary, to be replaced by Universities Minister Michelle Donelan. Boris Johnson has responded to Rishi Sunak’s departure as chancellor, saying he was “sorry” to have received Mr Sunak’s resignation letter and praising his “outstanding service”. In a [...]
Petrol June surge smashes previous records July 6, 2022 The average cost of a litre of petrol has jumped 16.6p in June, smashing previous records, according to data released today. Figures from the RAC Fuel Watch revealed that petrol costs surged from 174.8p to 191.4p, meaning that the cost of filling up a family car has increased by £9 in 30 days to £105.29. [...]
MPs cast doubt on claimed benefits of UK-Australia trade deal July 6, 2022 A Westminster committee has poured doubt on the potential benefits of the UK-Australia trade deal, with MPs claiming that it could cause long-term damage to Britain’s agricultural sector. The International Trade Committee today released its report into the trade deal, the first to be negotiated from scratch post-Brexit, which criticised the government for “overselling” the [...]
Rishi Sunak and Sajid Javid quit cabinet as PM on the brink July 5, 2022 Rishi Sunak and Sajid Javid have both sensationally resigned from cabinet, leaving Boris Johnson’s government on the brink of collapsing. The two resignations may spell the end of Johnson’s premiership as more ministers are now likely to resign in anger with Johnson’s handling of the Chris Pincher sexual misconduct scandal. Johnson’s chief of staff Steve [...]
Union members at CrossCountry and East Midlands Railway vote in favour of industrial action July 5, 2022 Around 300 members of the Union TSSA working at CrossCountry and East Midlands Railway have voted in favour of industrial action over salaries. According to the union, which revealed the ballots’ results today, workers at both operators said they were prepared to both walk out and to take industrial action short of strike. This means [...]
Oil prices nosedive as recession fears rise across developed economies July 5, 2022 Oil prices have plummeted a whopping $10 across both benchmarks, as recession fears curtailed demand and drove down prices.
Bank of England economy warning sends London markets lower July 5, 2022 London markets were dragged lower today by the Bank of England warning the UK economy is headed for a tough time over the coming year. The capital’s premier index shed nearly three per cent to close at 7,025.47 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the [...]
Social media blows up after Premier League footballer accused of rape is re-arrested as second victim emerges July 5, 2022 The internet’s social media platforms are in overdrive this afternoon as thousands of Brits are searching the web to find out the name of the Premier League footballer who was arrested for rape and was re-arrested as two more women are reportedly making similar claims. The Premier League footballer was reportedly been arrested in north [...]
Fire Bridges Union wins permission to challenge govt’s pension reforms via judicial review July 5, 2022 Public sector workers’ unions have been given permission to challenge a UK government’s pensions policy through a judicial review. A coalition of unions, led by the UK’s Fire Brigades Union (FBU), will be allowed to challenge the government’s decision to force members to pay for changes to public sector pensions schemes, instead of footing the [...]