Inflation and supply chain woes take their toll on UK’s chemical sector October 17, 2022 The chemical sector has reported its first quarterly fall in sales since the height of the pandemic, according to the latest sector data.
TfL to seek injunction against Just Stop Oil activists October 16, 2022 Transport for London (TfL) is preparing to apply for an injunction against Just Stop Oil activists after a fortnight of protests in the capital. Members of the campaign group sprayed paint over an Aston Martin showroom and blocked Park Lane in central London in their latest action on Sunday morning. The activists, who have been [...]
Dam: Climate change poses risks to energy infrastructure October 16, 2022 Extreme weather events caused by climate change pose a significant risk to the world's energy infrastructure, warned the WMO.
Unions hit back against minimum service levels measures October 16, 2022 Unions have hit back against the government’s decision to press ahead with ensuring minimum service levels during transport strikes. Train drivers’ union Aslef said the measure is doomed to fail as it would only increase chaos at stations. “What happens when 100 per cent of passengers try to get on 40 per cent minimum service [...]
Bank of England to launch gentler but still record rate rise after mini budget U-turns October 16, 2022 The Bank of England can marginally take its foot off the accelerator after prime minister Liz Truss U-turned on key aspects of her tax cutting mini budget, but will still launch the biggest move in its 25 years of independence, City economists are betting. The monetary policy committee (MPC) is set to lift borrowing costs [...]
Treasury to shut down £100m Covid fraud recovery squad in March October 16, 2022 The Treasury has decided to close down its unit charged with recovering money stolen through Covid fraud, after clawing back hundreds of millions less than expected. The £100m Taxpayer Protection Taskforce was set up by former chancellor Rishi Sunak to recover some of the estimated £5.8bn lost to fraud through three Covid support schemes. The [...]
Heathrow: Airline chiefs call for John Holland-Kaye’s resignation October 16, 2022 Airline chiefs have called for John Holland-Kaye’s resignation as Heathrow’s chief executive after the west London hub said last week it could introduce measures to manage capacity during the peak Christmas period. “That’s inexcusable. Anybody who says anything like that is the wrong guy for the job,” Emirates’ boss Sir Tim Clark told the Sunday [...]
New Westminster Foreign Affairs Committee chair says she will visit Taiwan October 16, 2022 The new chair of Westminster’s Foreign Affairs Committee has confirmed she will lead a delegation to Taiwan. Conservative MP for Rutland and Melton Alicia Kearns today said she has been rallying the committee to go to Taiwan since 2020, but that she is not trying to “antagonise” China. Nancy Pelosi, speaker of the US House [...]
Ukraine holds talks with US over gas reserves to fight supply crisis October 16, 2022 Ukraine is preparing to market its national gas reserves, and has entered into discussions with US firms over its supplies.
Shein: Supply chain workers paid as little as 3p to work 18-hour shifts October 16, 2022 Workers supplying Shein are paid as little as 3p and work shifts of around 18 hours, a Channel 4 investigation has uncovered. In its documentary ‘Untold: Inside the Shein Machine,’ the news channel revealed that, in some of the Chinese factories in Shein’s supply chain, workers earn a maximum of £500 per month to produce [...]
