Forget the IMF, the Bank of England are the real doomsters in this UK recession merry-go-round February 2, 2023 This week the International Monetary Fund (IMF) became public enemy number one for saying the UK will be the only rich economy to suffer a contraction in 2023. Even Russia, hobbled by sanctions to punish it for its invasion of Ukraine, is poised to squeeze out more growth than Britain this year, the lender of [...]
Bank Station: Cars will be banned from Square Mile accident blackspot as works to make area safer begin later this month February 2, 2023 One of the Square Mile’s most dangerous junctions is to go car-free in a bid to save lives and make it more tourist-friendly. The Queen Victoria Street junction with Bank Station will permanently close on 13 February, with the City of London Corporation embarking on a major redevelopment program. There is set to be major [...]
Peel Hunt joins forces with rival brokers to launch retail capital markets and IPO investment platform February 2, 2023 Peel Hunt is set to launch a new independent retail investment platform alongside other brokers in the second half of 2023, as it seeks to broaden access to capital markets amongst retail investors. The investment bank will establish RetailBook as a new legal entity which will own and operate a deal platform based on Peel [...]
Explainer: A year of levelling up, in Gove’s style February 2, 2023 I know it’s hard to believe, but it has been a whole year since we were privileged enough to read Michael Gove’s magnum opus on “levelling up”, complete with his adoration of Renaissance Florence. You might think the anniversary of the White Paper is uninteresting to few people outside some policy nerds and civil servants, [...]
How To Know Layoffs Are Coming And What To Do About It February 2, 2023 If recent headlines are anything to go by, the future of the tech industry isn’t as secure as we once thought it was. Mass layoffs at Stripe and Meta closed out 2022, and in January alone, Google’s parent company announced it plans to shed 12,000 of its workforce, while Amazon has decided to cut 18,000 [...]
Bank of England hikes interest rates for tenth time in a row amid recession and warns of further action to tame inflation February 2, 2023 The Bank of England today hiked interest rates for the tenth time in a row amid a recession to the highest level since the financial crisis in 2008 and warned more increases may be needed to tame inflation. The nine-strong committee of rate setters that set the base level of borrowing costs in the UK [...]
The crypto afterlife – will my digital assets spend an eternity on a blockchain when I’m gone? February 2, 2023 Richard Marshall - a partner at law firm Hay and Kilner touches on the tricky subject of death and crypto assets.
BA and Virgin to restart flights to China after three years as Beijing welcomes back visitors February 2, 2023 Virgin Atlantic and British Airways have announced they will return to China for the first time in three years following Beijing’s reopening. Richard Branson’s airline – which stopped operating flights into China in December 2020 – announced today it will resume daily flights between Heathrow and Shanghai from 1 May. Meanwhile British Airways (BA) will [...]
King Charles will not appear on Australian banknote as Queen Elizabeth II’s portrait is replaced February 2, 2023 Queen Elizabeth II will no longer appear on the Australian $5 banknote and King Charles III will not replace her, the Reserve Bank of Australia (RBA) said on Thursday. Her Majesty’s portrait will be swapped for an updated design which “honours the culture and history of the First Australians”, according to a statement from the [...]
Crypto evangelicals and the collapse of FTX are the reason we need to regulate February 2, 2023 You only have to look back as far as last year where we saw the high-profile collapse of the crypto exchange FTX, or indeed the collapse of the supposed stablecoin Terra (Luna).
