Billions of pounds of taxpayer cash will be lost due to covid support scramble, MPs warn May 18, 2022 Billions of pounds of taxpayers’ money will be “lost to fraud and error” in the government’s scramble to dish out cash via covid business support schemes, the public accounts committee has warned today.
Andrew Bailey is putting the Bank’s independence at risk if he wavers on inflation May 18, 2022 Andrew Bailey’s ability to steer monetary policy through the inflation crisis will determine the Bank’s future strength
Early-stage venture capital stays resilient as headwinds batter public tech stocks May 18, 2022 Early-stage venture capital firms are doubling down on investments in 2022 despite a sell-off frenzy in public tech stocks and growing scepticism of growth-focused tech valuations.
Letters: The rise and fall of crypto May 18, 2022 [Re: Bitcoin has no future as a means of payment, warns top crypto boss, yesterday] Following news that the founder of crypto exchange FTX, Sam Bankman-Fried claimed that Bitcoin is not scalable enough to accommodate millions of transactions, the asset’s future as a means of payment has drawn considerable doubt. However, this doubt is valid. [...]
Windfall tax not ruled out as Sunak urges energy giants to invest in UK energy sector May 18, 2022 Chancellor Rishi Sunak refused to rule out a windfall tax on energy companies yesterday, warning that “no option is off the table."
Cars should be banned from parking on pavement because of ‘discriminatory’ impact May 18, 2022 Cars should be banned from parking on the pavement because of the “discriminatory impact” the practice has on people, according to a report published today. Commissioned by sustainable transport charity Sustrans, the study highlights that people are put off walking because of the large amounts of cars parked on the pavement. Around 70 per cent [...]
Uber’s Jamie Heywood steps down as Northern Europe regional manager May 17, 2022 Uber’s Jamie Heywood announced he was stepping down as the company’s regional general manager for Northern Europe after four years in the job. Heywood said he would leave the company next month to work on a book project, according to a memo seen by Sky News. The executive added that he was leaving Uber’s UK [...]
Hungary names its price as country holds fresh talks with EU over Russian oil ban May 17, 2022 Europe's game of energy brinkmanship continued today, with the EU holding talks with Hungary over financial support to back a Russian oil ban.
Passengers brace for Platinum Jubilee travel chaos as rail operators warn of engineering works May 17, 2022 Passengers coming to London will need to brace for travel chaos as rail operators warn of engineering works planned during the Bank Holiday weekend. Travellers were warned to check before they travelled into the capital for the Queen’s Platinum Jubilee as services on several routes are expected to experience cancellations and disruption. Southern services between [...]
Warren Buffett bets on Paramount by snapping up £2bn stake May 17, 2022 Just when you think the streaming wars may be starting to settle down, one of the world’s most famous businessmen Warren Buffett snaps up a major stake in Paramount Global. Shares jumped over six per cent yesterday for the owner of MTV and Nickelodeon after it was revealed in a regulatory filing that Buffett’s holding [...]
