Happening today: Baggage handlers go on 72-hour strike at Heathrow November 17, 2022 350 ground handlers working for Menzies have gone on a 72-hour strike at Heathrow from today, the union Unite has announced. The workers walked out from 4am on Friday in a dispute over salaries, as union leaders said the offer made by the ground handling company was “far below the current inflation rate of 14.2 [...]
Government backs Sizewell C as Hunt approves £700m funding November 17, 2022 The UK's nuclear ambitions were given a fresh vote of confidence from the Government today, with Sizewell C set for £700m funding.
Fuller’s boosted by commuters returning to London as gov offers ‘close to zero support’ for pubs November 17, 2022 The government has not issued any “meaningful support” for the pub sector, the boss of Fuller, Smith & Turner, told CityA.M., following the autumn budget. Although the country now had a “very strong” Prime Minister and “very solid” Chancellor in place, the pub sector had been offered “close to zero support” amid a worsening economic [...]
OBR: UK is already in recession and taxes on course for post World War II high November 17, 2022 The UK is already in a recession that will burn a huge hole in the public finances, forcing the government to hike taxes to their highest level since just after the Second World War in the 1940s, the country’s fiscal watchdog warned today in forecasts published alongside Jeremy Hunt’s autumn statement. The Office for Budget [...]
Nissan ‘concerned’ about Government’s introduction of EV road tax November 17, 2022 EV powerhouse Nissan is “concerned” about the government’s decision to introduce a vehicle excise duty for electric car owners from 2025. “While we are pleased to see a growing EV market in the UK, we’re concerned about the effect that withdrawing this customer incentive could have on the electric car market, just as it is [...]
EY split could undermine audit quality, former partners warn November 17, 2022 More than 150 former EY partners have written a letter to the accounting firm’s board, warning its plans to split in two could weaken both segments of the business and undermine EY’s audit quality. The ex-EY partners noted the firm’s new standalone audit business – AssureCo – will have “significantly lower” earnings than its advisory [...]
Government slashes bank surcharge in boost for the City November 17, 2022 The government has slashed a surcharge on bank profits to three per cent today in a bid to keep the UK's finance industry internationally competitive.
Cost of bailing out failed firm Bulb Energy balloons to £6.5bn November 17, 2022 Bulb Energy's inglorious year-long stint in special administration has cost £6.5bn, according to the latest reports from the OBR.
Capital gains tax changes strike ‘heavy blow’ to investors November 17, 2022 The Chancellor has slashed the exemption amount for capital gains tax and cut the dividend allowance in half today in a move that will strike a “heavy blow” to the UK’s entrepreneurs and investors.
Police cordon off Houndsditch over report of person ‘falling from height’ November 17, 2022 Police were called to an emergency in the heart of the Square Mile today amid reports a person was “falling from height”. The incident unfolded at around 2pm in Houndsditch, with police putting up a cordon and urging the public to stay away. In a tweet sent this afternoon, the force said: “Officers from the [...]
