Alphabet exec warns skill shortages could stunt economy as UK vows to become ‘global tech superpower’ June 18, 2022 Alphabet chief financial officer Ruth Porat has warned ongoing digital skill shortages risk stunting economic growth.
Big crypto crash: Bitcoin tanks below $20,000 for first time since 2020 June 18, 2022 The world’s largest cryptocurrency Bitcoin has tanked below the all-important $20,000 threshold for the first time since 2020, sending shockwaves across crypto world. The great fall comes alongside rising interest rates, as well as central banks’ desperate attempts to curb the swelling 40-year high inflation rates. Bitcoin is down more than 50 per cent since [...]
Treasury chief warns against pay rises as thousands expected to protest in capital over cost of living crisis June 18, 2022 Treasury chief Simon Clarke has warned against staff pay rises, suggesting that Brits should avoid "unrealistic expectations around pay".
Priti Patel lashes out against ‘scandalous’ ECHR decision blocking Rwanda migrant flight June 18, 2022 Priti Patel has lashed out against the “scandalous” European Court of Human Rights after it grounded the government’s first deportation flight to Rwanda. Speaking toThe Daily Telegraph, the home secretary said: “The opaque way this court has operated is absolutely scandalous. That needs to be questioned.” “They’ve not used this ruling previously, which does make you [...]
An ongoing saga: M&C Saatchi bats away Next Fifteen’s final offer but continues to snub Vin Murria June 18, 2022 The saga continues for M&C Saatchi this week after the advertising powerhouse batted away Next Fifteen's final offer.
Ofgem turns up the heat on UK Energy Incubator Hub amid industry crackdown June 18, 2022 Ofgem has demanded troubled supplier UK Energy Incubator Hub hand over information on financial stress testing and management control.
Let’s hope the second Brexit battle is less exhausting than the first June 18, 2022 The sequel is rarely as good as the original. Jaws 2, for instance, was beset by problems from the off. Steven Spielberg said he had already directed “the definitive shark movie” and refused to take part – a replacement director, John Hancock, was then booted out, not before complaining that the mechanical shark provided by [...]
Saturday Read: The City still has a long way to go as women make up less than one in four of all promotions June 18, 2022 Women still make up less than a quarter of senior promotions within financial services businesses. Of the 5,815 senior level promotions and hires that took place in the financial services sector in the last year, just 1,365 were women, or 24 per cent, based on FCA data. Despite some progress being made over the previous [...]
Run on equity release: Cash tied up in properties fund £1 in every £90 spent by retired Brits June 18, 2022 A new analysis published this week showed that equity release finances around £1 in every £90 spent by retired Brits. Total retirement spending funded by equity release could top £4bn this year and £5bn in 2025, according to modelling by the Centre for Economics and Business Research (Cebr), as homeowners increasingly look to property wealth [...]
Get ready for the biggest transport disruption in decades as half of all Britain’s rail lines will close this coming week June 18, 2022 Network Rail said this week that more than half of all Britain’s rail lines will be closed during next week’s strikes. Network Rail said no passenger services will serve locations such as Penzance in Cornwall, Bournemouth in Dorset, Swansea in South Wales, Holyhead in North Wales, Chester in Cheshire and Blackpool, Lancashire. There will also [...]