London could be revolutionised with an Oyster-card system for drivers in the capital April 21, 2022 Not since the advent of the motorcar a century ago have London’s roads undergone such rapid change. Some of this is driven by technology – electric cars, e-bikes, e-scooters – and some by policy changes to tackle the city’s carbon emissions.The latest is the Mayor of London plan to expand the Ultra Low Emission Zone [...]
Time to talk about the price of milk: artisan cheese could save our dairy industry April 21, 2022 Milk has always held a curious place in the political psyche. It has long been used as a measure of affordability of everyday goods – and our leaders’ understanding of the challenges facing many Britons. As inflation, pressures on transport and the war in Ukraine have triggered a spike in prices, the price of milk [...]
Job losses loom in further sign of economic slowdown April 21, 2022 The UK jobs market is set to take a knock this year after it weathered the gloomiest post-furlough predictions, reveals new research published today. Around one in five firms are intending to scale back staffing levels over the coming year, according to conciliation service Acas. The fresh survey illustrates the steep deterioration in the trading [...]
CBI chief economist: Bank of England chasing missed rate hikes April 21, 2022 The Bank of England has been slow to get ahead of an inflation crunch that is now expected to choke the UK’s economic recovery, according to the chief economist at Britain’s top business group. Rate setters “should have acted sooner in the autumn” to cool the elevated cost of living, Rain Newton-Smith, chief economist at [...]
Report warns Covid travel rules imposed without ‘overall assessment’ April 21, 2022 Covid-induced restrictions on international travel were imposed in England without an “overall assessment” of their impact, according to a report released today. The National Audit Office (NAO) said there was no system put in place by the government to measure the success of self-isolation, passenger control forms and the quarantine hotels. The watchdog also reported [...]
Car insurance rises for first time in 18 months April 21, 2022 Car insurance premiums have risen for the first time in 18 months, according to financial services company Confused. Data revealed today that insuring a vehicle is £12 more expensive than it was a year ago, causing the average premium to be as high as £550 per year. “Car insurance costs are starting to increase, and [...]
Bank of England ups budget by £24m to tackle crypto risks April 20, 2022 The Bank of England is expanding its budget by £24.3m as it seeks to tackle risks associated with crypto assets.
Netflix fall a sign investors are looking again for fundamentals April 20, 2022 When the electric carmaker Rivian listed on Wall Street last year, it was briefly valued at more than Anheuser-Busch. The latter, most famously, produces Budweiser; a beer that sells in great quantities for more than it costs to produce. It is a functioning, well understood business, and despite the best efforts of governments we remain [...]
Amazon European retail arm paid no taxes on €51bn of sales in 2021 April 20, 2022 Amazon's European retail business reported losses of €1.16bn (£963m) in 2021 allowing the company to pay no income tax.
Long-read: Has the twit hit the fan? April 20, 2022 THE HOT topic in tech over the past week or so has been Elon Musk’s hostile $43bn bid for Twitter, which set off a firestorm of, well, tweets.Some claimed Elon Musk was riding to the rescue of free speech, others that his success would mark another step towards the breakdown of democracy. In all this [...]
