Oil price spike to push up airline fares in long-term, warns Willie Walsh July 11, 2022 THE HIGHER price of oil will be reflected in increased airline fares, the boss of the international industry body warned yesterday. “Oil is the single biggest element of an airline’s cost base. It is inevitable that ultimately the high oil prices will be passed through to consumers,” Willie Walsh, chief executive of the International Air [...]
Electrifying steel production and investing in scrap could slash industry emissions, reveals think tank July 11, 2022 Green Alliance has urged the government to move away from coal imports to meet the country's production needs.
Explainer-in-brief: Life after No10, from lobbying to the speaking tour July 11, 2022 Boris Johnson might have been forced to make his exit from No10 – but it looks like he has no intention of making an exit from politics. There are suggestions he will stay on as an MP. Theresa May, the predecessor whom he helped take down, has also remained an MP. On the side, however, [...]
UK government should introduce VAT relief for small businesses, says Tide boss July 11, 2022 The government should provide VAT relief for small companies to help them cope with rising business costs, the chief executive of business banking and financial services platform Tide has said. Oliver Prill, who became chief executive in 2018, said small businesses are finding it extremely tough in the current economic climate and that the UK [...]
RUA Life Sciences announces revenue growth to £1.6m July 11, 2022 RUA Life Sciences announced revenue growth to £1.6m for the year ended 31 March 2022. Its revenue growth was £1.5m in 2021. Two new board directors were appointed with major improvements in business processes. RUA Life Sciences is the holding company of a group of medical device businesses. RUA Life Sciences Chairman Bill Brown said, “A great deal of [...]
Staff walk out at 114 Crown Post Offices today over worker pay July 11, 2022 Over one hundred Crown Post Offices will be disrupted by strikes today after workers voted in favour of a staff walk out over pay.The industrial action of 1,500 staff will cause “considerable delays” for consumers, the Communications Workers Union (CWU) said. Union members rejected a pay offer by the Post Office, which the union said [...]
Policy matters but it’s philosophy not details this contest should uncover July 11, 2022 The headline on our front page – about the Tories’ row over tax cuts – is not strictly correct. The argument is instead about cancelling a proposed tax hike – corporation tax’s increase to 25 per cent – or reversing another recent increase, to national insurance. Alas that nuance doesn’t fit into a headline, so [...]
A fresh face in No10 should find some policy rather than campaign slogans July 11, 2022 IT IS now received wisdom that modern politics is about personality rather than policy. We are, apparently, in a post-ideological phase where the priority is a leader connecting with the electorate and seeming authentic. How else are we to explain the rise to power of Boris Johnson, a P.G. Wodehouse caricature who was always content [...]
Amazon expects record sales as cash-strapped Brits turn to Prime Day for big ticket purchases July 11, 2022 Amazon is anticipated to smash sales records as cash-strapped Brits turn to the e-commerce titan for its blockbuster Prime Day. Last year, sales during the discount bonanza hit a new record, raking in $11.2bn. Now, the e-commerce giant will be hoping more discount-hungry shoppers than ever will be seeking out the best deals from Tuesday, [...]
The City needs certainty our global outlook will continue in spite of high political drama July 11, 2022 Political turmoil and division have dominated the news agenda on both sides of the Atlantic, albeit for different reasons. And with the changes at the top of British politics, it is vital that government continues investing in London’s infrastructure, promoting innovation, and developing the UK’s status as a leading financial centre. Our financial and professional [...]
