New Omicron wave growing fast: ‘We were wrong to think Covid was over and vaccination is not enough’ June 20, 2022 Covid-19 inflection rates in the UK and hospitalisations across Europe are on the rise. Meanwhile, new omicron sub-variants are growing more prevalent. Therefore, the Government’s panglossian messaging has undermined the public health response to a potential new Covid-19 wave, experts warn today. Dr Chris Papadopoulos, Principal Lecturer in Public Health at the University of Bedfordshire told City A.M. this morning that “in recent months the government has [...]
Missing out on £142 per week: More older Brits slide into poverty after rise of state pension age from 65 to 66 June 20, 2022 Roughly around one in seven 65-year-olds were in income poverty in late 2020 as a direct consequence of the state pension age rising from 65 to 66, according to the Institute for Fiscal Studies (IFS). Between late 2018 and late 2020, the state pension age for men and women rose from 65 to 66, leaving [...]
London boroughs sound the alarm bells as skyrocketing inflation is eating £400m hole into budget June 20, 2022 Skyrocketing inflation is driving £400m of additional budget pressures on boroughs in the capital, London Councils warned this morning. Although the government increased local authority funding this year, fast-rising inflation has effectively cut £100m from the financial uplift boroughs received for 2022-23. London Councils, a cross-party group representing all 32 boroughs and the City of [...]
New shareholders set to cash out as troubled car dealer Cazoo braces for another tough week June 20, 2022 Cazoo could suffer another blow to its market value this week, amid speculation former DMGT shareholders could sell off their shares.
Rail unions plot six months of strikes ahead of transport chaos this week June 20, 2022 Rail strikes could continue for the next six months if a pay row fails to be resolved, which may strikes all the way up until Christmas if the pay row isn’t resolved. It comes amid the largest bout of industrial action in nearly 30 years, as members of the Rail, Maritime and Transport (RMT) union rail [...]
Commonwealth is ‘unique’ opportunity for Global Britain after Brexit, says Boris Johnson ahead of leaders meeting in Rwanda June 20, 2022 Prime Minister Boris Johnson has said that Britain’s membership of the Commonwealth provides a “unique opportunity” to expand its trade with a series of “vast and growing” markets now that it has left the EU. The Prime Minister, who will this week attend the Commonwealth heads of government meeting in Rwanda, said economic links with [...]
Croydon woman slapped with record £500 fine for watching TV without paying licence fee June 20, 2022 A resident of Croydon has reportedly been fined close to £500 for watching television without having paid for her licence. Londoner Tina Cumber was ordered to cough up £459 during a hearing at Stratford Magistrates Court, held on 8 June after it was established that the watcher her TV without holding a proper license. The [...]
Germany turns to coal as Russia puts pressure on gas supplies June 20, 2022 Germany will ramp up coal supplies and offer heavy subsidies to gas giants to ensure it can meet its energy needs this winter.
Etsy accused of not paying enough UK tax, forking out £128,000 after pocketing £160m in sales June 20, 2022 Online marketplace Etsy has become the latest US retailer to be accused of not paying enough tax in the UK, having forked out just £128,000 as it pocketed £160m in sales. Etsy would have been liable to pay some £7m in corporation tax, had it booked all sales made in the UK at its [...]
Recession concerns growing rapidly as central banks struggle to put inflation genie back in its bottle June 20, 2022 Despite attempts at a modest rebound on Friday, European markets still finished lower for the second week in succession, posting their lowest weekly closes since March. US markets also finished the week similarly mixed, but also sharply lower, with the S&P500 posting its worst week since March 2020, ahead of the Juneteenth long weekend. “As [...]