Musk relaunches Tesla flagship model at lower price as supply chain backlog lifts May 3, 2023 Tesla Inc has resumed taking orders for its Model 3 long-range version in the United States, the company’s website showed late on Tuesday, after a temporary halt last year due to delivery backlogs. The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was priced at [...]
Tax smoothies and ban smoking: George Osborne’s prescription for Britain May 3, 2023 The former Chancellor George Osborne has said the government should extend taxes on sugary drinks to fruit juices and begin the process of phasing out smoking. Speaking to the Times, the now chair of the British Museum said it was time to “look at the long-term legality of smoking.” Osborne, who introduced a limited tax [...]
The Notebook: Neil Bennett on the local elections, the BBC and a very modern strike May 3, 2023 The other day my bike appeared in The Sun. Like any proud owner, I have carefully kept the cutting. The reason for this was a colleague needed a prop for his anti-pothole campaign, catchily called “Pot Trumps”. Each day he features a large and terrifying pot hold on Instagram in a forlorn attempt to persuade [...]
Stephen King interview: Inflation is ‘profoundly undemocratic’ and must be stopped May 3, 2023 What kind of world do we live in today? From an economists’ view, one that’s a lot different from just a handful of years ago. War in Europe. Strained global trade. Government debt stocks at multi decade highs (certainly in the UK). All fixtures of our present day lives. But there’s two things that have [...]
A kernel of grain is driving a wedge through Europe’s response to Ukraine May 3, 2023 Poland and other EU member states have imposed a ban on grain from Ukraine. This risks leaving Ukrainian farmers in misery - and shows the cracks in the Western front, writes Elena Siniscalco
Banks cannot behave like start ups using a business model based on short term profits May 3, 2023 Banks are betting on short-term profits, and this is leading to their collapse. If we don't want to lose our small players, like we did with SVB, we need to recapitalise banks, writes Hugo Llewelyn
Spoiler: King Charles won’t remember the corporates who wished him good luck May 3, 2023 King Charles's coronation is round the corner, but businesses shouldn't feel like they must say something about it at all costs. Sometimes the best PR strategy for corporates is staying quiet, writes Simon Neville
London house prices: First-time buyers need household income of nearly £100k to buy May 3, 2023 Londoners’ desire to get on the property ladder has helped fuel the housing market in the capital, despite households now needing an extra £12k in income to be able to afford their own place. Figures released by Zoopla, show that in April house price growth in London rose by 0.5 per cent, as demand and [...]
London listings: Watchdog proposes doing away with ‘standard’ and ‘premium’ segments May 2, 2023 The UK’s financial watchdog announced proposals to streamline listing rules in the UK as it seeks to make the UK market a more attractive destination for firms to list. The Financial Conduct Authority (FCA) acknowledged that the UK’s listing regime was seen by some as too complicated and has proposed merging the ‘standard’ and ‘premium’ [...]
Explainer: Rishi Sunak eyes a revival of Help to Buy May 2, 2023 Just over a month ago, we were reporting the phasing out of Help to Buy, which was closed to new entrants last year. Now, Rishi Sunak is considering relaunching the policy. Talking of u-turns. The scheme was introduced in 2013 by George Osborne to help first-time buyers get onto the housing ladder. It offered lower [...]
