England’s Euro 2020 performance could rally consumer spending July 8, 2021 Chancellor Rishi Sunak said he expects a “bounce” in consumer spending thanks to England reaching the Euro 2020 final. England reached their first men’s football final in 55 years on Wednesday after they fought back to beat Denmark 2-1 after extra time. Speaking to the BBC, Simon French, chief economist at Panmure Gordon, said the [...]
Gas firms pushed UK minister to burn more gas in transition to clean energy July 7, 2021 Fossil fuel giants lobbied a UK government minister to use more natural gas in the transition to lower carbon energy production. As reported by Channel 4, a memo released under the Freedom of Information Act details how firms pushed the then-trade minister Connor Burns to accept a “greater recognition” of gas. The document, obtained by [...]
Trump to sue Twitter, Facebook and Google CEOs over claims of censorship July 7, 2021 Former US president Donald Trump today announced class action lawsuits against tech giants Twitter, Facebook and Google. Lawsuits will also be issued against the companies’ CEOs, Jack Dorsey of Twitter, Mark Zuckerberg of Facebook and Sundar Pichai of Google. First reported by Axios, Trump’s legal action is supported by the America First Policy Institute (AFPI), [...]
Johnson to “consider” boycott of Beijing Winter Olympics over Uighur ethnic cleansing July 7, 2021 Prime minister Boris Johnson today said he would consider calls for a diplomatic boycott of the 2022 Beijing Winter Olympics, but told MPs he is “instinctively against” taking such action. At prime minister’s questions today, former Tory minister Tim Loughton highlighted concerns over the “genocide” of Uighur Muslims in Xinjiang and the wider human rights [...]
Airlines begin checking vaccination status as end to quarantine beckons July 7, 2021 Heathrow trial with BA and Virgin readies staff and travellers ahead of end to quarantine rules
Euro 2020: Over 9m pints expected to be sold in lead up to England’s semi-final July 7, 2021 Football fans are predicted to buy 6.8m pints during England’s Euro 2020 semi-final against Denmark tonight, with 9.7m expected to be sold throughout the day overall. The British Beer and Pub Association (BBPA) said it expects today’s game to draw more crowds into pubs than England’s previous quarter-final match against Ukraine. Pint half empty While [...]
Priti Patel targets countries deemed uncooperative on asylum seekers July 6, 2021 Home Secretary Priti Patel could soon be able to block visas for citizens from countries thought to be uncooperative in taking back asylum seekers. The power is included in a clause in the proposed Nationality and Borders Bill published today. It would grant home secretary Patel, and all future post holders, the ability to suspend [...]
Soho House eyes $3.2bn valuation ahead of New York listing July 6, 2021 The parent company of the Soho House members club said it is targeting a valuation of about $3.2bn (£2.3bn) as it prepares to list on the New York Stock Exchange. The group, which filed for the initial public offering (IPO) under the name ‘Membership Collective Group’ in June, said it plans to raise as much [...]
US lobby groups gear up to fight Biden corporate tax hikes July 6, 2021 US business lobbying groups are preparing to stop new corporate tax hikes in a spending bill linked to the bipartisan $1.2tr (£870bn) infrastructure deal. As reported by Reuters, the US Chamber of Commerce, the National Association of Manufacturers, the National Retail Federation and other wealthy lobby groups plan to sway a handful of Democrats against [...]
OECD: Ireland snubs global tax deal July 2, 2021 Ireland refused to sign a major agreement to overhaul the global corporation tax regime on Thursday. 130 countries and jurisdictions agreed to the deal brokered by the Organisation for Economic Cooperation and Development, which paves the way for sweeping international changes. The new regime will see a global tax for 100 of the world’s largest [...]