A British Silicon Valley won’t happen with wishful thinking February 21, 2023 Jeremy Hunt wants Britain to be the next Silicon Valley, but the one organisation which might’ve made it true has lost its government funding, the soon-to-be former CEO of Tech Nation gives his experience on a transformation made of nothing but hard work.
Rent controls will only help those already in homes and hobble everyone else February 21, 2023 Sadiq Khan thinks rent controls are a great idea for London. They're not: they would reduce investment and therefore supply in a private rented sector that's already struggling, writes Ian Fletcher
Natwest boss Dame Alison Rose to head government energy efficiency drive February 20, 2023 The government has appointed Natwest chief executive Alison Rose to spearhead its new energy efficiency task-force.
Sainsbury’s cuts prices as supermarkets battle to provide cheap food in cost of living crisis February 20, 2023 Sainsbury’s has become the latest British supermarket to try and reduce the price of their products, after it revealed it will launch discount £2 fruit and vegetable boxes. Sainsbury’s said that its ‘Taste Me, Don’t Waste Me’ boxes will include a variety of surplus fresh fruit and vegetables with the boxes being sold at a [...]
Keystone Law benefits from bull market and shift to homeworking, chief says February 20, 2023 Keystone Law has benefited from the widespread shift to homeworking, the law firm’s founder and chief executive James Knight told City A.M., as it forecast revenues and pre-tax profits for the year will beat expectations. Keystone Law, which is listed on London’s Alternative Investment Market, today said it expects its revenues and pre-tax profits will [...]
ULEZ: Government plays down suggestion it could veto Khan’s expansion plans February 20, 2023 Suggestions ministers could be veto or deploy exemptions to Sadiq Khan’s controversial expansion of the Ultra Low Emission Zone (ULEZ) scheme were played down by the government today. Under the expansion plans, drivers across the capital will face a daily charge of £12.50 for using vehicles which do not meet emissions standards from August – [...]
Meta turns to paid-for verification as data reveals privacy concerns among UK users February 20, 2023 Facebook and Instagram owner Meta will soon role out a paid-for verification model, copying a similar move by rival social media platform Twitter. In a bid to claw back credibility, Meta chief executive Mark Zuckerberg revealed he was launching a new subscription service, which promised more personal security for users, for between £10-12.50 a month. [...]
Nuclear industry defends Sizewell C project as Hinkley Point C is priced at £33bn February 20, 2023 Sizewell C will be a huge boost to the UK's energy ambitions, argued the leading nuclear industry body amid concerns over costs.
FTSE 100 close: Barclays and Lloyds Bank help London index kick off new week in the black February 20, 2023 London’s FTSE 100 kicked off the week with a positive start, led higher by Lloyds Bank and Barclays which both rose ahead of UK banks’ earnings season ramping up. The capital’s premier index nudged 0.12 per cent higher to 8,014.22 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health [...]
FCA in ‘advanced’ talks over £306m redress for Woodford investors burnt by fund’s collapse February 20, 2023 The Financial Conduct Authority said it is in talks to strike a deal with the manager of Neil Woodford’s collapsed investment fund today to ensure burnt investors can get redress after it collapsed in 2019.
