London start-up founders reap rewards of almost £200m in loans October 10, 2022 London has received more start-up loan cash than anywhere else in the country after a decade of a programme supporting entrepreneurs. Founders in the capital have received £187.1m through the government backed Start Up Loan scheme, with businesses across the country being provided with loans and mentoring. The scheme has delivered more than 97,000 loans [...]
Truss has just about survived the rhetoric melodrama, now for the work October 10, 2022 Harold Wilson’s maxim that a week is a long time in politics is in danger of becoming a rule for 2022 too. In the last eight days, we have seen the Conservative Party conference take place in Birmingham, the MPs and activists churn themselves into a maelstrom of high drama, and the government abandon its [...]
A cashless society is proof we need to challenge the Visa and Mastercard monopolies October 10, 2022 How often do you see a “card only” sign as you go to pay for your coffee? Cash payments have declined by two thirds since 2010, and card payments have become the de facto way to pay, accounting for 73 per cent of UK transactions in 2021. From this change, there have been two significant [...]
The Square Mile’s reputation as a no-go zone on weekends needs to be overhauled October 10, 2022 We must seize this once-in-a-generation opportunity to redefine the Square Mile, just as the Elizabeth Line is connecting more people to the City than ever before.
Letters: Flexible work? Flexible pay. October 10, 2022 [Re: Energy bills is Kwarteng’s first priority, then we must claw back our dismal productivity, Sept 12] Between the first and second quarters of this year, the UK had no productivity growth. Figures released by the Office for National Statistics (ONS) show that between the first three-month period in 2022 and the second, productivity in [...]
Kwarteng to meet with IMF after it cautioned chancellor over mini-Budget October 9, 2022 Kwasi Kwarteng will travel to Washington, DC this week to meet with the International Monetary Fund (IMF) for the first time as chancellor. Kwarteng is travelling to the US for the IMF’s annual meeting, the first of its kind in-person since Covid, where he is expected to meet with its managing director Kristalina Georgieva. He [...]
City groups rally Kwarteng on post-Brexit financial services reforms October 9, 2022 City groups are calling for more speed and clarity from the government over proposed changes to the financial services rulebook post-Brexit as the Chancellor comes closer to outlining his plans to unleash the City. TheCityUK tonight urged the Treasury to bring forward changes to “ensure continued high-quality proportionate regulation”, while UK Finance called for “a sustained [...]
Rivian recalls almost all its EV trucks due to technical issue October 9, 2022 US electric truck maker Rivian has recalled most of its production due to a possible technical issue. Rivian over the weekend decided to recollect around 13,000 of its 14,317 vehicles manufactured after discovering that a fastener connecting the front upper control arm and the steering knuckle in some of its vehicles may have remained loose. [...]
RMT’s Mick Lynch: ‘We will be in this for as long as it takes’ October 9, 2022 Mick Lynch, secretary general of transport union RMT, said railway workers and their union representatives will continue to fight over better working conditions for “as long as it takes.” More than 40,000 RMT members working at Network Rail and 15 other operators walked out on Saturday in a long-standing dispute over jobs, working conditions and [...]
Ineos presented with £1.2bn bill to make Defender’s rival October 9, 2022 Ineos Automotive has been presented with a £1.2bn bill for its efforts to manufacture a rival to Land Rover’s Defender. Since its 2017 foundation, the car maker – a subsidiary of chemicals giant Ineos Industries – has faced several challenges, as first reported by the Sunday Times. Ineos doubled its losses to €212m (£193m) in [...]
