Priti Patel calls on Jeremy Hunt to stop planned corporation tax rise February 25, 2023 Former home secretary Priti Patel has urged the Chancellor to use his Budget next month to halt the planned corporation tax rise. The senior Conservative has argued that “now is not the time” for an increase in the tax on big business. In plans agreed while she served in Boris Johnson’s cabinet, corporation tax is [...]
Unpaid overtime forcing public sector workers to quit February 25, 2023 Public sector workers are becoming “burnt out” and quitting their jobs after putting in millions of hours of unpaid overtime last year, according to a report. The TUC urged everyone to work their proper hours as part of its annual campaign against excessive unpaid overtime. The union organisation estimated that employers claimed £26bn of free [...]
FTSE 100 close: Blue chip index sinks back into the red as IAG falls and Cineworld slumps February 24, 2023 The FTSE 100 sunk back to close at 7,878.66 down 29.06 points or (0.37 per cent down, ending the week on another subdued note. The FTSE 250, also closed lower at 19,696.53 or 93.96 down, or 0.47 per cent. This week’s close marked a sharp contrast with the previous where the FTSE 100 breached the 8,000 [...]
Sir Bernard Ingham press secretary to Margaret Thatcher dies age 90 February 24, 2023 Sir Bernard Ingham, the long-standing press secretary to Margaret Thatcher, has died after a short illness, his family said. The former reporter, who was 90, died with his family around him on Friday lunchtime, a statement said. His family described him as a “journalist to his bones” and he continued to file a column for [...]
The cost of living, Will Smith and the future of Wasps and Worcester: This week’s best read stories on City A.M. February 24, 2023 The rising cost of living and its implications dominated this week’s best read list, along with UCL researcher Rosie Collington’s challenge to the consultancy sector and One: Lloyds Bank’s profits to help cushion customers’ rising cost of living Lloyds Bank’s announcement that its profits are to be held back to help with the cost of [...]
Explainer: The rise of the humble turnip February 24, 2023 This week might be the first time the turnip made the headlines. The root vegetable was something to be “cherished”, according to environment secretary Therese Coffey, amid the current vegetable shortages. “A lot of people would be eating turnips right now rather than thinking necessarily about aspects of lettuce and tomatoes and similar”, she said. [...]
Gousto forced to slash jobs after food delivery service’s ambitious hiring plans fall flat February 24, 2023 Meal kit delivery service Gousto, is understood to have cut its workforce by some 14 per cent as the group’s ambitious hiring plans have taken a hit. According to reports in Sky News, the convenience service made all redundancies at the end of last year and fewer than 100 employees were let go. Earlier this [...]
Tingo, TAE Power Solutions and EVTEC Energy sign partnership agreement that will create more than 12,000 jobs February 24, 2023 Tingo International Holdings Inc, TAE Power Solutions Engineering Limitied, and EVTEC Energy PLC have announced a partnership that will see the construction of Africa’s first net-zero solar power plant. The triumvirate of companies will collaborate to develop a 110MW solar power plant, providing a sustainable energy source for Tingo’s Special Agro-Industrial Processing Zone (SAPZ) driven [...]
Ukraine war: Sunak, Starmer and Khan fall silent to mark year as King Charles praises Kyiv’s ‘remarkable courage’ February 24, 2023 A year of Ukraine’s extraordinary resistance to Vladimir Putin’s all-out assault that has left hundreds of thousands dead and millions more displaced has been marked with a minute’s silence. Rishi Sunak was joined outside No 10 by wife Akshata Murthy, Kyiv’s ambassador to Britain Vadym Prystaiko and dozens of Ukrainian troops being trained by the [...]
Pensions better than property? And, how a nudge might make you wealthier in later life February 24, 2023 The property boom of the last few decades has given rise to the idea of a home not just as a castle, but as bonafide crock of gold which can be used as an alternative to a pension. Pension provider Standard Life has carried out research that shows how different generations are answering the age-old [...]
