West End Christmas intake to be squeezed by pandemic and cost of living at £1.55bn November 3, 2022 West End Christmas intake is set to be a quarter up from last year but still almost 30 per cent down on pre-Covid levels. Around £1.55bn is set to be splashed out in the heart of London’s shopping district, as the capital bounces back from the pandemic in a restriction-free Christmas. The cost of living [...]
FCA makes lenders pay £12m back to 60,000 as pandemic lessons learnt November 3, 2022 The City’s financial watchdog (FCA) is telling lenders to pay back millions in compensation to borrowers after having learnt lessons from poor practices in the pandemic. A report published by the Financial Conduct Authority this morning outlines that £12m has been paid out to thousands of companies in difficulties. Its executive director of consumers and [...]
Iceland food boss ‘working day and night’ to keep pint of milk under £1 but price rises ‘will get worse’ November 2, 2022 The boss of Iceland has said he “doesn’t know” whether the price of a pint of milk can be kept under a pound, but is “working day and night” to stop it. Richard Walker made his comments on Amol Rajan’s podcast this morning, after joining a campaign to expand free school meals to children whose [...]
Oreo owner Mondelēz looks to pass on price increases: ‘Chocolate is something people can’t live without’ November 2, 2022 Owner of Cadburys and Oreo had bumper revenue in the third quarter, with its CEO saying people simply “cannot live without” chocolate. US conglomerate Mondelēz announced revenues were up more than eight per cent up to September, despite gross profits dipping. Its revenues in Europe were pushed down in part by a strong dollar, with [...]
Rishi Sunak WILL attend COP27 after all November 2, 2022 Prime minister Rishi Sunak has confirmed he will attend the COP27 conference in Egypt. In a tweet sent this morning, he said he would be at the climate conference in Sharm El Sheikh, after much speculation as to whether he would travel. Initially he said he wouldn’t because he needed to focus on domestic commitments, [...]
Metro Bank, NatWest and Hospitality UK among top employers to back fertility pledge November 2, 2022 Metro Bank, NatWest, the Co-op, Channel 4, and UK Hospitality are among major employers backing a pledge to help millions going through fertility treatment. A new campaign launched today in Parliament by the MP for Cities of London and Westminster, Nickie Aiken, hopes to support more than 3.5m people who can’t conceive naturally. The Fertility [...]
Boris Johnson to address crypto conference in Singapore next month November 1, 2022 Boris Johnson will address a crypto conference in Singapore next month while Parliament is still sitting. The former Prime Minister will address the International Symposium on Blockchain Advancement, as the keynote speaker. Johnson will be joined by vice-president from 2001-09 Dick Cheney, but it’s not clear how much Johnson will get paid. The MP for [...]
He’s got the X-Factor! Presenter Dermot O’Leary awarded Freedom of the City of London November 1, 2022 Dermot O’Leary has been honoured with the freedom of the City of London, inspired by his charity work and Irish heritage. The radio host and personality was recognised for his patronage with the London Irish Centre, saying he was “genuinely honoured” to get the accolade. Former X-Factor presenter who currently presents a BBC Radio 2 [...]
Met top brass says Just Stop Oil will be ‘brought to justice’ as group tries to scale Downing St gates November 1, 2022 The Met Police’s number two in command has vowed to bring Just Stop Oil protesters “to justice” as protestors tried to climb the gates of Downing Street. Assistant Commissioner Matt Twist made his comments on LBC this morning after the environmental group made headlines vandalising MI5, the Home Office, Bank of England and HQ of [...]
Council tax rebate goes to 19m households in £150 cost of living boost November 1, 2022 Millions of people have received their £150 council tax rebate from the government, as the deadline to ensure eligibility for it is extended. 19 million households, representing 99 per cent of those who can receive it have now got the money in their bank accounts, it has been announced. In total, £2.87bn of the council [...]
