Heathrow expansion is taking off – now let’s inject some competition into aviation June 25, 2019 It is an airport running at full capacity – and has been for years. Now at last, with the parliamentary approval of a new runway and the release of competing development plans, Heathrow expansion is back on the menu, boys. One of the contenders to be the next Prime Minister, Jeremy Hunt, is a firm [...]
The UK and India: Moving forward together June 25, 2019 India and the UK have more than 200 years of shared history characterised by democratic traditions, connected cultural institutions, and the English language. This history is a strong foundation on which our bilateral trade and investment relations are continually nurtured and reinforced. Our investments in each other’s economies have grown over the years, and there [...]
Queen set for an extra £3m after strong profits for Crown Estate June 25, 2019 The Queen is set to receive a £3m revenue boost after The Crown Estate today announced its income for 2018/19 grew 4.3 per cent. The Crown Estate said it was returning £343.5m to the Treasury, up from £329.4m in 2017/18. The Royal Family is set to receive 25 per cent of that money through the [...]
Building a Britain that is fit for the future June 25, 2019 The ability to control immigration and secure our borders was an important part of why many people voted to leave the EU, and everyone would agree it needs to work in the best interests of the UK and our economy. As home secretary, the son of immigrants and a former businessman, I know the vital [...]
Monzo smashes past £2bn valuation in fresh round from Silicon fund June 25, 2019 Just six months on from its last capital plug, digital bank Monzo has raised £113m from major US tech investor Y Combinator in a round that values the startup at more than £2bn. Through its Continuity fund, Y Combinator joined the round alongside other investors including Latitude, General Catalyst, Stripe, Passion Capital, Thrive, Goodwater, Accel [...]
Large UK firms lagging behind on technology adoption, warn CBI and Oracle June 25, 2019 Large UK companies are adding to the country’s productivity crisis by failing to adopt new technologies which could boost their output, the Confederation of British Industry (CBI) and US computer firm Oracle have said. Read more: UK employers warn of mass job losses in digital revolution If just one in 100 business adopted a new [...]
Ranked: The best and worst UK energy suppliers June 25, 2019 The head of Citizens Advice has called for stricter requirements on energy companies as “far too many” struggle to give their customers good service. Gillian Guy said that a large number of companies are letting their customers down, as the consumer champion released its quarterly rankings. Read more: Complaints surge as more energy customers have [...]
Kevin Hollinrake accuses Treasury officials of ‘coordinated skullduggery’ over conflict-of-interest claims June 24, 2019 A prominent Tory MP involved in efforts to help small businesses caught in lending disputes has accused Treasury officials of undertaking a campaign of “coordinated skullduggery” to discredit him. Kevin Hollinrake, co-chair of the All-Party Parliamentary Group (APPG) on Fair Business Banking, said there had been a “deliberate and coordinated attempt” to undermine him over [...]
Jackpot deal: Eldorado snaps up Caesars in major casino purchase June 24, 2019 Gambling giants Eldorado Resort and Caesars Entertainment are hoping to win big after signing an $17bn (£13.6bn) merger that is expected to create the world’s largest casino operator. Eldorado has revealed plans today for a cash-and-stock deal to acquire Caesars, in a move that would see it run roughly 60 casino resorts and gaming facilities [...]
China calls for explanation after Fedex blocks Huawei package June 24, 2019 China’s foreign ministry has called on Fedex to offer a proper explanation after the courier firm apologised for blocking the shipment of a Huawei phone to the US. Fedex has sparked anger in China after it emerged the firm returned a package containing a Huawei phone to its sender in the UK, a writer at [...]