Why is the UK economy poised to tumble into a recession and fall behind Europe, US and even Russia? February 16, 2023 Britain avoided a much-tipped recession at the end of last year. Phew. “However, we are not out of the woods yet,” warned Chancellor Jeremy Hunt after last Friday’s GDP figures from the ONS revealed the economy stagnated at the end of 2022, meaning it narrowly avoided the technical recession definition of two consecutive quarters of [...]
Up and Atom: How the Durham-based digital bank is taking on the high street stalwarts February 16, 2023 Lending, according to Atom Bank boss Mark Mullen, is back in vogue. While it’s a view that might run counter to some of the political disquiet towards Britain’s big high street lenders, for Durham-based digital lender Atom, it’s hard to argue with. The firm has tempted in hordes of customers this year and is on [...]
London is being hollowed out of clever 20-year-olds refusing rent hikes February 16, 2023 Young, talented people are leaving London in flocks because they can't afford the record spike in rents. It risks making the capital a place for the super wealthy only, writes Elena Siniscalco
Sturgeon’s resignation is an admission she would never lead an independent Scotland February 16, 2023 Nicola Sturgeon, like many SNP politicians before her, succumbed to fundamentalism when it came to Scottish independence. This marked her end as first minister, writes Will Cooling
If Europe keeps us out of Horizon and other R&I funds, our universities will suffer February 16, 2023 Post-Brexit alternatives to European funding for research and innovation must match previous sums. Without this vital cash, our universities will suffer a terrible blow, writes Paul Boyle
Boris Johnson brands ULEZ expansion a ‘mad lefty tax’ February 15, 2023 Boris Johnson has branded Sadiq Khan’s plans to expand the ULEZ across the capital a “mad lefty tax” and accused him of “bankrupting TfL”. The ex-prime minister and London mayor weighed in on the row over the controversial scheme, which would see drivers of non-compliant vehicles charged £12.50 a day. In a video posted on [...]
Bill Gates says Britain has ‘all the ingredients’ to be a net-zero leader February 15, 2023 Tech billionaire Bill Gates has said the UK has “all the ingredients” to lead the world on net zero, after he met with prime minister Rishi Sunak at a clean tech summit. Firms including Undaunted, Clean Growth Fund and Legal and General Capital met today to launch Cleantech for UK, a trade coalition worth £6bn. [...]
Neeva eyes future London growth as part of wider European expansion February 15, 2023 Neeva founder and former Google ads boss Sridhar Ramaswamy has endorsed London as a world class place for tech innovation as he rolls out his AI-powered startup across Europe. Speaking with City A.M., the former Silicon Valley exec turned search-engine startup founder said being in places like London is “top of mind” for Neeva as [...]
Financial Services and Markets Bill: who guards the guards? February 15, 2023 Continuing his four-part series on the Financial Services and Markets Bill, Lord Chris Holmes turns the spotlight on the regulators.
FTSE 100 close: London index breaches 8,000 mark for first time ever despite Barclays tumbling February 15, 2023 London’s FTSE 100 today breached the 8,000 point mark for the first time ever despite Britain’s biggest banks tanking after Barclays posted a big profits drop. Today’s move higher crystalises the premier index’s bullish start to 2023 that has seen it surged more than seven per cent. The new year rally builds on advances that [...]
