Labour would ban fracking ‘for good’ if Starmer gets into power October 13, 2022 Labour has committed to ban fracking “for good” if it was to get into office, while condemning a plan for a price cap on renewables. Keir Starmer’s party called of the Prime Minister to call of plans to block renewable energy projects, while calling fracking “expensive, dirty, and dangerous” Since the Russian invasion of Ukraine [...]
A global London campaign just the tonic for Mayor-PM relations October 13, 2022 In the run-up to Liz Truss’ election by the Conservative party as Prime Minister, the Mayor of London Sadiq Khan wrote in these pages that it was time to turn a new leaf in the capital’s relationship with Downing Street. It is no secret that he and Johnson didn’t see eye to eye – clashing [...]
Exclusive: Government has botched Bulb crisis, says Westminster chair October 13, 2022 The Government has wasted Bulb protracted and pricey stint in administration, driving up costs for consumers.
UK borrowing costs drop as Kwarteng hints at mini budget U-turn October 13, 2022 UK borrowing costs collapsed today driven by chancellor Kwasi Kwarteng sending the strongest signal yet he will roll back elements of last month’s mini budget. Rates on UK gilts dropped across the curve after they yesterday climbed to their highest level since the day the Bank was forced to step in. Yields on the 30-year [...]
City braced for end of £65bn Bank of England bond market package October 13, 2022 The City is bracing for the Bank of England to pull its £65bn emergency support package for the bond market tomorrow, but experts said volatility could be tamed by existing backstops supporting the pensions industry. Britain’s debt market has been rocked by concerns over the government’s financial credibility after it launched £43bn of tax cuts [...]
Kwarteng says ‘let’s see’ on tax cut U-turn as speculation mounts October 13, 2022 Kwasi Kwarteng tonight said “let’s see” in the face of questions about another potential tax cut U-turn, giving the strongest indication yet that there will be an about face from the government. The chancellor told the BBC “my total focus is on delivering on the mini-Budget and making sure we can get growth back into [...]
London’s FTSE 100 bags gains as rate sensitive stocks kick higher October 13, 2022 London’s FTSE 100 notched gains yesterday driven by stocks exposed to interest rates receiving a boost from reports the government will roll back some of the mini-budget. The capital’s premier index jumped 0.35 per cent to 6,850.27 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK [...]
Netflix to launch new ad tier for £4.99 next month to win back subscribers October 13, 2022 Netflix has confirmed that its new basic ad-supported offering will launch next month, setting more frugal Brits back £4.99 a month. The new option will be an addition to existing plans, but will mean users who want to save a bit of cash will have to watch an average of four to five minutes of [...]
UK risks exodus of science firms with hard-line immigration stance October 13, 2022 Science and technology businesses are bailing out of the UK amid strict limitations on visas for oversees talent. One in six firms have plans to relocate abroad over the next three years, according to research by consultancy Ridge and Partners, with nearly a third of businesses polled being hit by the government’s visa limits. Liz [...]
Young punters protect Boxpark sales from consumer slowdown October 13, 2022 Young Londoners receiving inflation-related salary boosts has helped to protect Boxpark from a slowdown in discretionary spending, its CEO has said. The shipping container hospitality concept has seen sales increase by double digits compared to the previous year, with London sites in East Croydon, Shoreditch and Wembley “trading really well,” Simon Champion told CityA.M. The [...]
