Are gone-off goods the answer to the cost of living crisis? May 30, 2023 An online grocery store which sells goods that would otherwise be sent to landfill is growing in popularity in the UK, as cash-strapped Brits search for new ways to save money amid the cost of living crisis. “I think there’s a lot of focus on price at the moment… and we can cater for something [...]
Biden and McCarthy hope to sell Congress on vital debt ceiling deal May 30, 2023 US President Joe Biden and senior Republican Kevin McCarthy will spend this week attempting to convince Capitol Hill legislators to pass a deal to raise the US debt ceiling, which was agreed by the two men over the weekend. One investor hailed the deal as “great news,” minimising the chance of the US government defaulting, but Congress [...]
Why have the Bank of England and the IMF been so wrong on the UK economy? May 30, 2023 Recession? What recession? The Bank of England and the IMF have been wrong on the state of the UK economy, but it's not all their fault
Google’s VC arm backs London climate start-up May 30, 2023 A London-based ‘carbon removals’ platform used to green the Jubilee and the Queen’s funeral has received £5.3m worth of new funding as it looks to scale up. Founded by serial fintech entrepreneur Marta Krupinska, climate scientist Dr Gabrielle Walker and Mark Stevenson, Cur8 is the market maker for carbon removals. The firm buys carbon removal [...]
Indian authorities push forward with “graft” probe into BAE Systems and Rolls-Royce May 30, 2023 INDIAN authorities yesterday took the next step in a long-running, historic case against BAE Systems and Rolls-Royce over alleged graft almost twenty years ago. The authorities allege a “criminal conspiracy” related to the purchase of training jets in 2005, with Indian prosecutors saying in a document seen by Reuters that the deal was done as [...]
Rail strikes add to pain for hospitality as trade body warns of crisis point May 30, 2023 RAIL STRIKES this week are set to add to the woes of the hospitality industry, already bruised by an almost doubling of energy bills. Industrial action by the RMT and ASLEF unions will see walkouts on three separate days of what would have been a busy week for bars and pubs. Staff will walk out [...]
Ministers must accelerate pension dashboard after ‘disappointing’ delays, AJ Bell chief warns May 30, 2023 Ministers must push ahead with the roll-out of the much-delayed pension dashboard or risk savers disengaging with their retirement cash, the chief of AJ Bell has warned.
HMRC looks to sniff out more British firms abusing tax havens May 30, 2023 The UK’s tax authority is tracking an increasing number of firms suspected of using tax havens, new data reveals. HMRC is now tracking 512 UK firms that are suspected of failing to conduct enough business activities in those tax havens to legitimately claim they operate there, according to data obtained by law firm Pinsent Masons [...]
There’s an app about to do to workplaces what social media did to British politics May 30, 2023 If you haven’t heard of Fishbowl, chances are your colleagues are already using the app - a bizarre combination of LinkedIn and Reddit - to air their workplace grievances, writes Eliza Filby
Scrap the tourist tax hurting our hospitality businesses or lose out to Paris and Madrid May 30, 2023 Tourism is incredibly important for London, but to keep London important for tourism, we have to make it more attractive for foreign visitors to shop here, writes Chris Hayward.
