Rishi Sunak pleads with Brits to ‘hold our nerve’ in face of sky high interest rates and inflation June 26, 2023 Prime Minister Rishi Sunak has urged the country to “hold our nerve” with sky high interest rates in order to beat down scorching inflation. Sunak today on BBC’s Sunday With Laura Kuenssberg programme gave his full backing the Bank of England’s latest interest rate rise as Tory backbenchers slammed Governor Andrew Bailey for being “asleep [...]
UK motor insurers issued worst performance in a decade last year – and it’s not looking much better for 2023 June 26, 2023 UK motor insurers delivered their worst performance in a decade last year, new data has revealed, as inflation radically jacked up the cost of claims. Car insurers’ net combined ratio (NCR), which shows claims and costs as a proportion of premiums, hit 109.5 per cent in 2022, according to new data from EY released today. [...]
The Scottish Nationals may never be able to recover Sturgeon’s lost ground June 26, 2023 The Scottish Nationals have let their party fall into a slump recently, and still have too many questions to answer about how the independence they want would look like, writes Eliot Wilson
Waitrose woman? Who needs her. We’ve got gamer dads driving an industry boom June 26, 2023 The slightly shameful stereotype of a lone gamer in his mum’s house has transformed into a 35-year-old middle class dad, giving rise to a rebirth of the industry, writes Dominic Grounsell
We used to overlook tourism in the City, now it must become the key to its recovery June 26, 2023 Can we make the City more than just the business district of London?
Five-year prison sentence for man who hacked Twitter accounts of Kanye West, Elon Musk and Joe Biden in Bitcoin scam June 26, 2023 A British national who was involved in a crypto scam that hacked into the accounts of celebrities has been jailed for five years.
London-listed shipbroker Braemar risks share suspension over delayed accounts June 25, 2023 Shares in London-listed shipbroker Braemar could be suspended if it further delays the publication of its full-year results. Braemar said in a statement last month that it will publish its accounts for the year ending 28 February “in the second half of June 2023”. But, according to a report by Sky News, the business is [...]
European resolution authority calls for greater ‘firepower’ as watchdogs around the world consider reform June 25, 2023 An influential European banking regulator has called for more powers to help it address risks in the system revealed after the collapse of Silicon Valley Bank (SVB) and Credit Suisse earlier this year. Speaking to the Financial Times, Dominique Laboureix, chair of the European Union’s Single Resolution Board (SRB), said European authorities needed to return [...]
Whole Foods: Inflation takes bite out of Amazon owned grocery store June 25, 2023 The Amazon-owned UK division of Whole Foods has seen a rapid decline in earnings for the year as soaring inflation makes Brits hesitant to fork out on its pricey goods. Whole Foods UK reported operating losses of £26.9m up from £17.2m the prior year and its sales also fell to £91.6m down from £94.3m. Amazon [...]
Bank of England and others may have to keep rates ‘higher for longer’ to crush inflation June 25, 2023 The Bank of England and the rest of the world’s top monetary authorities’ fight against roaring inflation “is not yet done,” one of the globe’s leading economic institutions has warned. In its annual analysis on the state of the world economy released today, the Bank for International Settlements (BIS), often referred to as the “central [...]
