The Budget: Bring back George Osborne – we need a long-term economic plan March 15, 2023 The Tory benches cheered, the Labour frontbench booed, the SNP reminded us they were there: yes, it was pantomime in Parliament yet again yesterday, with a budget pre-trailed to the point that many of us could have had a stab at announcing it ourselves. What was more interesting was what wasn’t in it: a genuine [...]
World’s top insurers to face aircraft leasers in High Court ‘mega trial’ over planes seized by Russia March 15, 2023 Insurance giants Lloyd’s, AIG and Fidelis are set to face a ‘mega trial’ in London’s High Court over their refusal to pay out billions in insurance claims to aircraft leasers that had their planes seized by President Vladimir Putin. A High Court judge has ruled claims brought forward by an array of the world’s biggest [...]
Budget: Jeremy Hunt doesn’t want rabbits in hats, he wants all of us back to work March 15, 2023 Jeremy Hunt will spend more than £2.5m per new worker in the workforce through pension and childcare policies in five years time.
Oil demand set for huge boost from China with 2023 to end ‘with a bang’, says IEA March 15, 2023 The IEA says oil demand is edging up slowly but is set for a huge boost from resumed air travel and China's economic reopening.
Marshalls boss defends £535m Marley takeover despite tumbling share price and falling profits March 15, 2023 Marshalls boss Martyn Coffey has defended the company’s £535m acquisition of Marley last year despite a hit to profits and share prices.
KPMG stands behind audit of Silicon Valley Bank, accounting firm’s US chief says March 15, 2023 The chief executive of KPMG’s US business has said the Big Four accounting firm stands behind its audit of Silicon Valley Bank, after it gave the California financier a clean bill of health just two weeks before its collapse. KPMG chief Paul Knopp told an event at New York University that “we stand behind the [...]
Blackrock boss Larry Fink: SVB collapse may signal ‘dominoes are starting to fall’ March 15, 2023 The collapse of Silicon Valley Bank could signal the “dominoes are starting to fall” after an abrupt end to the era of low interest rates and cheap money, the boss of the world’s biggest asset manager BlackRock has warned. In his annual letter to investors today, Larry Fink said a series of aggressive rate hikes [...]
Budget: OBR says UK to avoid recession and is on course to grow every year after short blip in boost for Jeremy Hunt March 15, 2023 Britain will avoid a much-tipped recession this year and will grow every year until 2027 after a short blip, a massive reversal from economists warning of the longest contraction in a century just a few months ago, the country’s spending watchdog said today. UK GDP is on course to suffer a mild slump in 2023 [...]
Budget: Hunt burns £15 hole in smokers’ pockets as cigarette packs increase by £1.89 March 15, 2023 Smokers will see the price of cigarettes increase to nearly £15 as Chancellor Jeremy Hunt hikes up the price of tobacco for the first time since October 2021. In his Spring Budget, Hunt said that the government would look to “uprate tobacco duty” which will see the price of a 20 pack of cigarettes increase [...]
London Underground walkout hangover to compound Thursday’s rail strike – but can you get to work tomorrow? March 15, 2023 Members of the Rail, Maritime and Transport (RMT) union will walk out on Thursday 16 March and on Saturday 18 March in a dispute affecting train services in and out of London. Network Rail expects between 40 and 50 per cent of train services to run nationally but there will be wide variation across the [...]
