Jeremy Hunt tells Washington that UK predictions are ‘much better’ than IMF doomsayers April 13, 2023 Chancellor Jeremy Hunt has said he is “confident” the UK will beat the poor growth forecasts predicted by the IMF. The International Monetary Fund (IMF) said earlier this year that the UK economy will shrink by 0.3 per cent this year and grow by just one per cent in 2024. Speaking to Bloomberg in Washington [...]
Tesco hit by inflation and supermarket war with Aldi and Lidl as profit down almost seven per cent April 13, 2023 Tesco, Britain’s biggest supermarket, was hit hard by consumers tightening their belts during the cost of living crisis, as it reported its operating profit was down almost seven per cent on last year. The London-listed chain said its profit was £2,6bn for the year to the end of February which was down 6.9 per cent [...]
Supermarket price wars: Tesco slashes price of milk for first time in three years to rival Lidl and Aldi April 13, 2023 Tesco has slashed the price of milk for the first time in three years and locked the price of over 1,000 products, in the latest move by the UK’s biggest grocer to rival discounter supermarkets. As shoppers are forced to ‘shop around’ for the best-value options, Tesco has reduced the price of a pint of [...]
‘Do not travel to Waterloo today,’ rail network tells commuters after signalling debacle April 13, 2023 Waterloo station is all but closed this morning due to a signalling error. South Western Railways, the commuter rail network which operates services in and out of the station, has this morning urged passengers not to travel to the station. Only a limited service will run and the network has issued a “do not travel” [...]
‘There’s a real opportunity here’: Fintech chief Janine Hirt on why London remains the place to be April 13, 2023 The INnovate Finance boss speaks with City AM on why the next chapter will be crucial for the UK's fintech sector
Carving up the Equality Act will create a radical change in the legal status quo April 13, 2023 The changes Kemi Badenoch wants to make to the Equality Act would allow organisations to openly discriminate against trans people, writes Will Cooling
If we can plan for nuclear reactors on the moon, we can relax planning here in Britain April 13, 2023 If we don't relax our planning rules, we'll never be able to get the infrastructure for the amount of green energy we need - and our problems with nuclear are clear proof of this, writes Alex Petropolous
Finland’s accession to Nato backs Russia in a corner but it won’t end war in Ukraine April 13, 2023 Finland has joined NATO, and this is a very positive development in the West's fight against Putin's barbaric regime. But there's much more to be done to support Ukraine, writes Daniel Sleat
Spotify and Apple warned against letting AI access copyrighted songs April 12, 2023 Universal Music Group has warned streaming platforms to clamp down on artificial intelligence tools wielding copyrighted songs for training purposes. In a letter sent to streaming platforms such as Spotify and Apple, the music corporation expressed concern that AI tools would collect data from copyrighted songs available on the platform to train themselves to produce [...]
JP Morgan’s top bankers told to work five days a week in the office April 12, 2023 JP Morgan has asked its senior bankers in all of its offices around the world to work from the office five days a week in another sign of executives’ growing frustration with homeworking. In a memo to staff seen by City A.M., JP Morgan’s operating committee said that its leaders play “a critical role in [...]
