As GDP contracts again top wonk warns malaise ‘spreading throughout economy’ November 11, 2022 The slowdown in growth is now “spreading throughout the economy”, a top economist has said in wake of this morning’s disappointing GDP figures. The leading wonk at the Institute of Directors warned of major contractions in multiple sectors following news of a 0.2 per cent fall in GDP this quarter, and a 0.6 per cent [...]
Kwarteng breaks silence: I told Truss to ‘slow down’ or last a few weeks – she quit six days later November 11, 2022 Kwasi Kwarteng has broken his silence on Liz Truss’ 42-day tenure as prime minister, saying he warned her to “slow down” and predicted her downfall just a few days later. In his first interview since being sacked on 14 October, after just 38 days in charge of the pursestrings, he said the PM’s problem was [...]
Train drivers at 12 operating firms to strike on 26 November November 10, 2022 Train drivers at 12 operating firms including the London Overground will strike on 26 November. The industrial action was announced by Aslef union members in a long-running dispute over pay. This comes as London tube workers walked out today bringing the London Underground to a grinding halt. ASLEF members at 12 companies will walk out [...]
Police made almost 2,500 arrests of environmental protestors in past year November 10, 2022 The Police have arrested more than 2,400 activists from environmental groups in the past year, it has been revealed. Almost seven campaigners a day have been detained from Just Stop Oil, Extinction Rebellion and Insulate Britain groups, between 3 November 2021-2. The figures were obtained by a Freedom of Information Request from City A.M., but [...]
Former Chelsea owner Roman Abramovich to receive apology from Jersey Police over ‘illegal’ searches November 10, 2022 Roman Abramovich will receive an apology over illegal searches conducted by a Jersey police force, it has been revealed. A court order seen by City A.M. said the force on the Channel Island of Jersey acted illegally when conducting searches at properties reportedly connected to the billionaire in April 2022. The Russian-born Israeli oligarch was [...]
Tesco nudges 2m shoppers to spend £13m of expiring vouchers before Christmas rush November 9, 2022 Tesco has reminded 2m of its customers to spend up-to £13m in unclaimed vouchers before they expire in a bid to battle the cost of living crisis this Christmas. The retail giant’s friendly nudge to almost 2 million people comes as the cost of living continues to bite, and many look to save money ahead [...]
City workers surprised by golden state coach in pre-dawn rehearsal for Lord Mayor’s Show November 9, 2022 City workers getting to the Square Mile in the early hours of this morning were surprised by a golden State coach during a rehearsal for the Lord Mayor’s show this weekend. The Lord Mayor’s golden coach made its way through the dimly-lit streets of the City of London pulled by six horses, and followed by [...]
Nigel Farage backs Simpson’s Tavern campaign railing against City becoming ‘corporatised and homogenised’ November 9, 2022 Brexit campaigner Nigel Farage has thrown his weight behind the campaign to save the historic Simpson’s Tavern, as a crowdfunding campaign approached £80,000. The former UKIP and Brexit Party leader, who worked in the city before entering politics, penned an op-ed this week blaming the ‘work from home culture’ as a contributing factor to the [...]
Chief executive of Revolution Beauty resigns with immediate effect November 9, 2022 The chief executive of Revolution Beauty has resigned as director with immediate effect and is stepping down from the business completely. Adam Minto quit while the company while continues with an independent investigation after problems with audits over its accounts. This comes after both its CEO and executive chairman voluntarily “stepped away” from day-to-day management [...]
Luxury purchases and Battersea openings help improve outlook for Watches of Switzerland November 9, 2022 Watches of Switzerland has upgraded its outlook for the second half of the financial year, following a significant uptick in the purchase of luxury items. The London-based watch-seller experienced a 30 per cent increase in revenue for its luxury watches to more than £660m up until 30 October. It reported a 23 per cent increase [...]
