Kwarteng: No grants to energy big boys to take on more customers September 24, 2021 GRANTS to larger energy firms to absorb new customers are “categorically” off the table, the business secretary told MPs yesterday. Speaking in the House of Commons, Kwasi Kwarteng said that there was an existing process to deal with customers of energy firms that collapsed, the supplier of last resort. When a firm fails, customers are [...]
Exclusive: Young professionals back the office over the living room September 9, 2021 London’s young professionals would rather work full time in an office than either permanently from home or in a “hybrid” arrangement, new data has found. According to new data from LinkedIn, shared exclusively with City A.M., 44 per cent of those aged 16 to 34 would choose to be in their actual offices for all [...]
UK PMIs: Economy slows more than expected in January January 22, 2021 The UK economy has slowed further than many expected in January, according to the leading economic index. Newly released UK PMI figures show the slowdown has been driven by a collapse in the services side of the economy. The overall PMI figure for January is 40.4, and 38.8 for services – the lowest reading for [...]
Global markets slump amid fears of mutant virus and UK border chaos December 21, 2020 The FTSE 100 and US and European stocks tumbled on Monday while the pound slumped after countries banned travel from the UK over fears of a new coronavirus strain. Adding to the gloom on markets was the impasse in post-Brexit trade talks between the UK and the EU. Rising coronavirus cases in Britain, on the [...]
