Local councils in Britain staring into £3.1bn funding blackhole August 25, 2021 Local councils in Britain will look to scrap projects and essential services as they grapple with a combined £3.1bn funding blackhole. Councils across England, Wales and Scotland face record financial shortfall in 2022/23 which will likely will lead to huge service and staff cuts at local authorities unless the government urgently finds the money to protect communities, the Unison union [...]
Venues ‘far from out of the woods’ on pingdemic August 25, 2021 The hospitality sector has called on ministers to “move more quickly” to resolve staffing issues. Major food operations including McDonald’s, Nandos and Greggs have been forced to shut venues or take popular items off menus amid a shortage of delivery drivers. What’s more, trade body UKHospitality has said pubs and restaurants are still being impacted [...]
Goldman Sachs and Credit Suisse impose vaccination requirements on US staff August 25, 2021 Goldman Sachs and Credit Suisse have strengthened vaccine requirements for US employees and their American offices. Goldman Sachs told staff anyone entering its US premises must be vaccinated and asked workers to wear masks in offices from Wednesday, even if they are vaccinated, according to an internal memo seen by Reuters. Double jabbed staff members will [...]
Shakespeare: John Lewis making a savvy move into financial products August 25, 2021 John Lewis recently announced that – in collaboration with Nutmeg – it would be rolling out a new line of investment products, with customers who have saved during the pandemic front of mind. Data from YouGov BrandIndex and YouGov Profiles suggests it may be a savvy move. Across a number of metrics John Lewis has [...]
OnlyFans u-turns on sexually explicit content ban August 25, 2021 OnlyFans has “suspended” a proposed ban on sexually explicit content after facing backlash from creators and users. In a statement posted on Twitter the company said: “Thank you to everyone for making your voices heard. We have secured assurances necessary to support our diverse creator community and have suspended the planned October 1 policy change. [...]
FCA says it cannot supervise crypto exchange Binance effectively August 25, 2021 UK Financial Conduct Authority (FCA) has admitted that it is “not capable” of effectively supervising Binance, the world’s largest crypto exchange by trade volume in a statement published today. In a supervisory note the watchdog today reiterated its concerns over Binance’s products, which allow consumers to take supercharged bets, and added that the crypto exchange [...]
Deadly floods in UK and Western Europe 20 per cent more likely in future August 25, 2021 Climate change has made deadly floods in the UK and Western Europe at least 20 per cent more likely to happen in the near future, according to a new study shared with City A.M. today. Watch the full report.
Down under: Sydney Covid cases hit new daily record August 25, 2021 Sydney’s coronavirus infections soared to a pandemic-high today, as officials urge people to get vaccinated and curb hospitalizations. Watch the full report.
Mecca Bingo owner Rank Group’s shares rise after win in VAT battle with HMRC August 25, 2021 Shares in Mecca Bingo and Grosvenor Casino owner Rank Group jumped today on the news it’s likely to secure an £80m tax rebate from HMRC. The long-running tax spat looks likely to conclude with the gambling firm nabbing a rebate of up to £80m from a VAT claim after HMRC chaose not to appeal against an [...]
Menu items unavailable as Greggs affected by supply chain disruption August 25, 2021 Bakery chain Greggs is the latest operation to be hit by supply issues after it confirmed shortages of popular products. The food outlet has been affected by shortages of chicken-based products, bakery staff told PoliticsHome. Greggs told City.AM a number of products had been affected but these changed day to day so it would not [...]