Swelling of ‘generation rent’ means many won’t be homeowners until 40s, 50s or even pension age June 8, 2022 Almost 15 per cent of renters think they may be picking up their pension before becoming homeowners, as the cost of living crisis continues to eat into savings. With so-called ‘Generation Rent’ continuing to be impacted by soaring house prices that prevents them from getting onto the property ladder, a new survey commissioned for NatWest [...]
Zelensky ‘glad we haven’t lost a very important ally’ for Ukraine after Johnson wins confidence vote June 7, 2022 Ukraine’s president Vlodymyr Zelensky has breathed a sign of relief that Boris Johnson won a confidence vote last night, saying he’s “glad we haven’t lost a very important ally.” His praise comes after Boris Johnson narrowly escaped being removed as leader with a slimmer margin of the vote then his predecessor Theresa May had in [...]
Hertfordshire prison says all incoming mail must be sent through Moonpig, Funkypigeon and Freeprints June 7, 2022 Inmates at a Hertfordshire prison will only be able to receive mail from Funky Pigeon, Moon Pig and Freeprints due to drug safety concerns. In announcement posted on Twitter, the letter from HMP The Mount’s governor Paul Crossey said the move was taken because it has “become increasingly concerned with the threat presented by psychoactive [...]
City’s influence over Westminster: £17.5m spent political parties and MPs since 2020 June 7, 2022 The influence of the City over Westminster has come into sharp focus this week, after a report £17.5m was spend by big banks on MPs and political parties since 2020. Almost 50 MPs received an average of £49,000 from the City – despite 26 of them registering not a single hour of work in return. [...]
Scamming spike: Three in four self-employed wealthy people have fallen victim to financial fraud June 7, 2022 Almost 75 per cent of self-employed wealthy individuals have fallen victim to financial fraud, a new study has shown. There has been 10 per cent spike in the scourge over the last six months with victims on average losing £9,000. Self-employed High-Net-Worth-Individuals (HNWI) and those with assets over £3m are most at risk, self-employed workers [...]
US issues seizure warrant for two planes ‘owned and controlled by Roman Abramovich’ worth £320m June 7, 2022 The United States has issued a warrant for the seizure of two jets owned by Roman Abramovich worth £320m ($400m). The ex-Chelsea owner’s $350m Boeing and $60m Gulfstream are now “subject to seizure and forfeiture” owing to violations of export controls set up by Joe Biden, to put pressure on Russia. Both planes were flown [...]
Monkeypox spreading like wildfire: 77 cases confirmed during Platinum Jubilee Bank Holiday weekend taking total to 302 June 6, 2022 The Monkeypox outbreak is spreading like wildfire with almost 80 new cases detected over the Platinum Jubilee weekend break, bringing the total number to more than 300. The UK Health Security Agency (UKHSA) announced the spike in cases between 2 and 5 June, with the vast majority in England (73). The infection, which now has [...]
Platinum Jubilee fuel price surge could become a ‘national crisis’ and needs ‘radical’ intervention – RAC June 6, 2022 A “national crisis” is emerging as a result of surging fuel prices over the platinum Jubilee bank holiday, motoring giant the RAC has said. The driving champions warned unless there was “radical” intervention from the government, people would suffer at the pump even further. This comes after the price of petrol went up by £3.16 [...]
Ex-banker turned GoCardless president Paul Stoddart talks fintech, Brexit, pandemic recovery and Russia May 28, 2022 At the start of this month, Paul Stoddart jumped ship to become the president of the newly-minted fintech unicorn GoCardless. Stoddart, who describes himself as a “banker by trade,” spent years at Natwest, Barclays, and was most recently the chairman of Mastercard’s VocaLink. In an exclusive interview with City A.M., Stoddart said that joining GoCardless [...]
P&O chief exec asked why ex employees’ belongings haven’t been returned two months after 800 sackings May 27, 2022 Parliament’s transport committee has written to the chief executive of P&O demanding to know why sacked employees’ possessions have not been returned – two months after almost 800 were let go. Chair of the Westminster panel Huw Merriman MP penned a strongly-worded letter to Peter Hebblethwaite on Friday, asking him why personal belongings of seafarers [...]