Explainer: Labour’s plans for education, from breakfast clubs to private schools July 3, 2023 This week is very much education and health week. We celebrate the 75th anniversary of the NHS on Wednesday, while teachers go on strike on the same day and on Friday too. Labour is focusing on education, with a big speech from Keir Starmer expected later this week on opportunities and access. This means Shadow [...]
MPs to probe if SMEs can get cash they need – or if the government should step in July 3, 2023 The Treasury Committee has launched a new inquiry into the problems small and medium-sized enterprises (SMEs) face in accessing financing. Over the next couple of months the cross-party group of MPs will explore issues in the industry and how regulation and government can respond. Harriett Baldwin, chair of the Committee said: “Small businesses are the [...]
Sue Gray: Partygate investigator broke Whitehall rules with Starmer talks July 3, 2023 Partygate investigator Sue Gray broke civil service rules “as a result of the undeclared contact” between her and the Labour Party, according to a Whitehall investigation. The former senior civil servant is due to take up the role as opposition leader Sir Keir Starmer’s chief of staff after being cleared to start the job in [...]
Javid: Truss ‘ignored’ Treasury warnings on balancing books – and Britain ‘paid consequences’ July 3, 2023 Liz Truss “ignored” warnings from the Treasury orthodoxy meaning the country “paid the consequences” for her disastrous mini-budget, Sajid Javid has said. The former chancellor said the focus in HMT on “balancing the books in the medium term” was a good thing, and without that the UK “would have constant financial crisis”. Speaking at an [...]
Meta urged to press paws on pet fraud as dog ads drive Facebook scam surge July 3, 2023 Fraudsters on Meta-owned platforms are increasingly taking advantage of British animal lovers, new data shows. According to research from Lloyds, pet scams were up 24 per cent compared to last year with the average victim losing £307. Dogs were the most common pet used to scam unsuspecting Brits out of their money with Yorkshire Terriers [...]
Bitcoin’s first leveraged ETF starts trading amid SEC’s crypto crackdown July 3, 2023 Data from CryptoCompare shows the price of the flagship cryptocurrency Bitcoin (BTC) moved sideways throughout the past week.
Ashes: Rishi Sunak goes in to bat for England after controversial Jonny Bairstow dismissal July 3, 2023 Prime Minister Rishi Sunak has given his full backing to England Men’s Test captain Ben Stokes and wicketkeeper Jonny Bairstow, following a heated final day at Lord’s involving a controversial dismissal. Sunak said he would “wouldn’t want to win a game in the manner Australia did”, when asked to comment on the incident yesterday. The [...]
HSBC, Barclays, Lloyds and NatWest under fire for ‘measly’ savings rates… again July 3, 2023 Banks are in the firing line for low savings rates once again after the big four lenders received another letter from the influential Treasury Committee. Writing to the UK heads of the big four banks, Harriet Baldwin – chair of the Treasury Committee – said the Committee was “concerned that banks’ savings rates remain too [...]
Who’s next? Industry debt mountain threatens more than Thames Water July 3, 2023 Thames Water's troubles raise significant questions - such as who could be next and what happens now in the water industry.
UK factories slip further into recession on cooling overseas spending July 3, 2023 Britain’s factories have plunged further into recession territory, driven by domestic and foreign buyers reining in spending amid intense economic uncertainty, a closely watched survey out today shows. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) purchasing managers’ index (PMI) for the UK’s manufacturing industry slipped to 46.5 in June from 47.1 [...]
