National Insurance rise to be axed on 6 November, says Kwarteng September 22, 2022 This year’s hike in National Insurance will be axed from 6 November, Kwasi Kwarteng has today announced. The Treasury today said the move to reverse the 1.25 percentage point increase in National Insurance – which was originally brought in to pay for increased health and social care spending – will save businesses an average of [...]
Government finally confirms licensing round for more North Sea projects September 22, 2022 The Government has confirmed its support for North Sea oil and gas licensing round, which is expected to be launched next month.
Lawyers welcome plans to boost arbitration laws to secure London’s status as leading disputes hub September 22, 2022 Lawyers have welcomed the Law Commission’s plans to amend the Arbitration Act 1996 with a view to strengthening the UK’s position as a “leading destination” for commercial disputes. The Law Commission’s plans aim to boost the cost savings, efficiency, and confidentiality benefits arbitration has over litigation, by strengthening the powers of arbitration tribunals and streamlining [...]
Ofgem warns Scottish Power and Utilita over customer protections September 22, 2022 Ofgem has slapped two of the UK's leading energy firms with provisional orders, requiring them to meet requirements to customers.
RMT announces second day of rail strike for 8 October September 22, 2022 The union RMT has announced a second day of rail strike for 8 October. More than 40,000 workers at Network Rail and 15 other operators will walk out as part of the long-standing dispute over salaries, jobs and working conditions. Disruption will affect services on Chiltern Railways, Cross Country Trains, Greater Anglia, LNER, East Midlands [...]
Royal Mail shares slump to two-year low as union accuses it of ‘all out attack’ September 22, 2022 Royal Mail shares hit a two-year low today after it confirmed no union pay deal had been reached and that an agreement to protect jobs would be terminated. The delivery giant told the Communication Workers Union (CWU) that it would scrap a nine-year deal to protect jobs and conditions, pushing the CWU to back down [...]
Queen Elizabeth II coins and stamps are about to be worth a fortune as NFTs September 22, 2022 Lars Seier Christensen, founder and chairman of Concordium, explains how the value of stamps could find a new playground with NFTs.
Ex Russian president and PM: Nuclear weapons may be used to defend land seized from Ukraine September 22, 2022 Strategic nuclear strikes may be used to defend territories seized by Russia, its former Prime Minister and President Dmitry Medvedev has said. The threat was made on Thursday ahead of referendums due to be held in Ukraine’s Donetsk, Luhansk, Kherson and Zaporizhzhia provinces, about being incorporated into the Kremlin’s reach. This comes after Vladimir Putin [...]
Bank of England shirks historic rate hike despite warning of longer inflation September 22, 2022 The Bank of England today shirked the biggest interest rate hike since the late 1980s despite inflation threatening to run hot for months. Borrowing costs climbed 50 basis points to 2.25 per cent, their highest since November 2008 and the seventh rise in a row, the Bank announced. Before the decision, City economists and markets [...]
Caring for the community September 22, 2022 As we get closer to World Sight Day, it is vital to think about how we cure those in need. Across the globe, many communities struggle due to residing in isolated areas. In Nepal, many communities live in regions that are high in the mountains and require an extremely treacherous journey to reach. The Tej [...]
