A Big Tech-style restructure in Whitehall might just make our science sector February 8, 2023 When Google restructured to become Alphabet in 2015, it created a larger engine for innovation. Rishi Sunak’s reshuffle to create a Department of Science could do the same for investment into the UK, writes Daniel Korski.
An outdated Culture Department prioritised Centre Parcs over innovative start ups February 8, 2023 Britain’s startups deserve a department dedicated to fostering their success, rather than vying for attention against Centre Parcs, writes Dom Hallas.
Poor educational outcomes for today’s children could create a future wave of crime February 8, 2023 Children who started back at school post-pandemic lost valuable life skills, and if we don’t make up for it quickly, it could mean more deprivation - and crime - in Britain, writes Paul Ormerod.
100,000 civil servants to walk out on Budget Day, union says February 7, 2023 Around 100,000 civil servants are set to strike on Budget Day, their union has announced, amid a campaign of walkouts over pay disputes. The Public and Commercial Services Union (PCS) said it was escalating action after a “lack of movement” from the government over its concerns over pay, pensions and job security. Walkouts will take [...]
Digital pound needed to ‘anchor’ monetary system as Bank likely to set £20,000 limit on holdings: John Cunliffe February 7, 2023 John Cunliffe, deputy governor of the Bank of England, said a ‘digital pound’ would be needed to maintain trust in the UK’s monetary system while he set out limits for its use to preserve financial stability. Speaking at UK Finance, Cunliffe said the Bank could not ignore the possibility that the use of cash would [...]
Great British Railways confirmed: Body will take ‘politics out’ of sector, says Mark Harper February 7, 2023 Transport secretary Mark Harper has confirmed the creation of Great British Railways, saying the new public body will take “politics out of the railways”. “This is not Network Rail 2.0, nor a return to British Rail,” Harper told the sector as he delivered the annual George Bradshaw address earlier this evening. “Taking the politics out [...]
Binance to airdrop BNB crypto tokens to users in the Turkey earthquake region February 7, 2023 Binance will airdrop $100 of its BNB token to all its users identified to be in the regions most affected by the Turkish earthquake tragedy.
Arm revenues jump to £620m as Softbank gears up to float UK chipmaker February 7, 2023 British chipmaker Arm said revenues had surged 28 per cent in the past quarter as its parent company Softbank gears up for a much anticipated float at the end of this year. In a trading update on its third quarter trading the Cambridge-headquartered firm said revenues had topped $746m (£620) after its partner firms shipped [...]
New innovation department could be a ‘gear change’ for tech growth, industry chiefs say February 7, 2023 The creation of a new government department for technology and innovation could be a “gear change” for the growth in the UK’s tech sector and represents a “significant” boost for UK innovation, tech chiefs said today.
FTSE 100 close: BP propels London index higher after posting record £23bn profit February 7, 2023 London’s FTSE 100 was boosted by investors piling into oil giant BP , which announced its highest ever full year profits of £23bn last year. The capital’s premier index jumped 0.36 per cent to close at 7,864.72 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
