Government risks higher wind power prices as industry slams lack of funds for auction round April 12, 2023 The latest ongoing auction window for offshore wind projects could result in higher generation prices and a shortage in bidders.
Retail sector pins hopes on King’s coronation to lift sales April 12, 2023 Shoppers put cost of living fears behind them as they splashed out on Mother Day gifts in March, helping to slightly boost retail sales, but damp weather and soaring inflation has left the sector holding out for the King’s coronation in May to see a “larger uptick” in sales. According to data by the British [...]
Recession clouds lift over UK jobs market as hiring begins to recover April 12, 2023 Recession clouds are receding from the UK jobs market as companies gradually regain confidence about hiring workers following a batch of better than expected economic data since the turn of the year, new figures out today reveal. Firms are dipping their toes back in the recruitment market, lured by household spending holding up better than [...]
If Labour want to win an election, they have to get used to going on the attack April 12, 2023 Politicians use attack ads for the simple reason that they work.
The CBI’s sole purpose as a go-between for business and government is now defunct April 12, 2023 Tony Danker’s days at the CBI are over and the CBI’s days of influence might also have come to an end.
Our ailing productivity is workers’ payback to the greed of bankers after the 2008 crash April 12, 2023 If workers are quiet quitting, its because they have seen bankers get away with getting paid more for doing less.
Liz Truss to criticise high taxes and warn of authoritarian ‘threat’ April 11, 2023 Liz Truss is to renew her advocacy of low taxes in a speech questioning whether western nations are “match fit to take on China”. Britain’s shortest-serving prime minister will suggest the 1980s “Anglo-American” economic model of increased privatisation and limited government is being “strangled into stagnation” in the latest leg of her comeback to the [...]
EY ditches split plan after opposition from US unit April 11, 2023 EY has ditched its plan to split its audit and consulting businesses following opposition from its US unit. The firm’s global executive committee relayed the decision to partners in a note today. The Big Four firm had put its plan to separate its audit division from its consulting business, dubbed ‘Project Everest’, on hold following infighting [...]
Glencore sweetens Teck takeover bid with cash option to sway shareholders April 11, 2023 Glencore proposed introducing a cash component to its $22.5bn bid for Teck Resources and urged its board to delay an impending vote.
Megan Greene to replace Silvana Tenreyro on Bank of England’s rate-setting committee this summer April 11, 2023 Megan Greene has been appointed by Chancellor Jeremy Hunt to the Bank of England’s interest rate-setting committee, replacing top dove Silvana Tenreyro from 5 July. Greene will join the Bank’s Monetary Policy Committee (MPC) from consultancy Kroll, where she has been global chief economist and a regular columnist for the Financial Times. The Treasury announced [...]
