Boris Johnson quits leadership battle leaving path clear for favourite Sunak October 23, 2022 BORIS JOHNSON has sensationally ruled himself out of the running to become Conservative party leader, making Rishi Sunak the odds-on favourite to become the country’s next Prime Minister. Johnson claimed he had secured the backing of more than 100 MPs – the threshold needed to get on the ballot to become Liz Truss’ replacement – [...]
Royal British Legion cancels London poppy appeal event due to November rail strikes October 22, 2022 The Royal British Legion has scrapped its £1m poppy appeal fundraising event after announced rail strikes in November. Initially scheduled for 3 November, London Poppy Day sees around 2,000 veterans and personnel raise money in the capital. However, RMT strikes have caused the charity to announce it is now looking at how to “lessen” the [...]
Khan: Crossrail’s Bond Street station can revitalise “tired” parts of Oxford Street October 18, 2022 London Mayor Sadiq Khan has said the opening of Bond Street’s Elizabeth Line station next week will help revitalise a “tired” part of Oxford Street – and keep big-ticket retailers in the West End. The station is the last of the Crossrail stations to open, having been delayed due to the complexity of the build. [...]
Khan: Tourist tax-free shopping u-turn bad for London’s businesses October 18, 2022 Sadiq Khan has slammed the government’s decision to u-turn on a plan to give tourists tax-free shopping. The Mayor of London said he “absolutely” shared the concerns of West End businesses, who have expressed disappointment that the capital will lag behind other cities’ in efforts to welcome high-spending foreign visitors. “VAT-free shopping for international tourists [...]
Explainer-in-brief: NHS walkouts put strike laws front and centre October 18, 2022 Over the summer, Britain saw strikes from train staff, lawyers, postal workers and a handful more professions. But the NHS could soon face strikes over the winter, with Unison, the trade union which represents nurses, ambulance staff and hospital cleaners, set to ballot its 400,000 members later this month. It will likely bring to a [...]
In the money: Moneysupermarket.com revenue swells amid travel return October 18, 2022 Price comparison platform Moneysupermarket.com has continued to see buoyant revenue after the return of summer holidays and business travel. In quarterly results on Tuesday, Moneysupermarket said recent performance had exceeded expectations and its full-year EBITDA would sit “towards the upper end of market expectations”. The London-listed company celebrated revenue of £101.9m, up one third, for [...]
Tony Matharu: Meet the hotelier on a mission to get London back in full force October 14, 2022 From the floor-to-ceiling glass of suite 725 at Tony Matharu’s Tower Suites hotel on a sunny October morning, one can see flocks of tourists heading towards the Tower of London and Tower Bridge. It looks for all the world like London is back on its feet, and for Matharu, that’s no surprise. “Where we sit [...]
Hotelier: Rail strikes cost me half a million – it’s time to get round the table October 14, 2022 As if life wasn’t tough enough for the hospitality industry as it recovers from the pandemic and battles through economic headwinds, for Tony Matharu – owner of three hotels across London – there is another growing concern – rail strikes. “Strikes are difficult for all businesses, especially rail strikes which negatively impact most businesses.” We [...]
Greensill insolvency earns administrators £34m October 13, 2022 The collapse of the disgraced supply chain finance firm Greensill Capital has earned its administrators £34m in fees and expenses, according to reports.
Bailey: No extension to emergency bond-buying programme October 11, 2022 Bailey tells pension funds the Bank is "out" of the bond-buying market
