Explainer-in-brief: Downing Street’s non-domicile resident April 8, 2022 The latest in a string of bad news for the chancellor’s PR team post-spring statement is, unfortunately, his other half. Akshata Murty, the daughter of an Indian billionaire, has apparently been claiming non-domicile status since she moved to the UK in 2015. This means Murty pays tax on money earned in the UK, but not [...]
Sainsbury’s becomes first big grocer to pay London Living Wage amid cost of living crisis for Brits April 8, 2022 Sainsbury’s has confirmed that it will become the first major supermarket to pay the London Living Wage. Shop workers at Sainsbury’s and Argos stores in outer London will receive £11.05 per hour, a boost of 55p, from next month. The supermarket said this means staff in the outer areas of the capital will match employees [...]
More weekend chaos expected as shortages, cancellations and IT issues rampage through April 8, 2022 UK travellers are bracing for more weekend chaos as the industry continues to be hit by a fatal combination of staff shortages, cancellations and IT issues. Brits remain stuck in hour-long queues at major hubs such as Gatwick and Manchester as British Airways and EasyJet slashed another 100 planes as a result of widespread Covid [...]
Tesla boss Elon Musk builds largest and ‘most advanced car factory’ on Earth April 8, 2022 Tesla boss Elon Musk claims to have built the largest factory in the world by volume, at its grand opening last night. The billionaire tech entrepreneur’s Giga Texas Tesla factory, 338m cubic feet in volume, is also hoped to be the biggest battery cell facility in the world “over time”. Speaking at the Cyber Rodeo [...]
Environmental activists block Tower Bridge causing travel disruption, with campaigner abseiling off of the London landmark April 8, 2022 Environmental protestors hung a banner saying “end fossil fuels now” as they blocked traffic on Tower Bridge and caused travel disruption as it was forced shut. Footage shared on social media showed one activist abseiling and dangling above the Thames, as police attended at the London landmark at around 7am. The campaigners, urging an end [...]
Cambo oilfield firm snapped up by Israel’s Delek Group in £1.2bn deal April 8, 2022 The firm behind the controversial Cambo North Sea oilfield has been snapped up Israel’s Delek Group in a move that raises the prospects of the project going ahead.
P&O’s owner DP World loses partner status at Solent freeport April 8, 2022 P&O Ferries’ owner DP World has lost its partner status in the Solent freeport project, ministers said. “On 28 March 2022 DP World resigned from the Solent freeport board and are no longer a partner in the freeport consortium,” levelling up minister Stephen Greenhalgh told the Guardian. DP World’s commercial director Aart Hille Ris Lambers [...]
Big Tech’s fast-and-dirty employment honeymoon is over as Amazon unionises April 8, 2022 COULD you imagine a better name for someone making their mark out of being the Little Guy than Chris Smalls? It’s a story ready-made for a Netflix series. So it’s curious its success has taken Amazon – the company borne out of peddling cheap books – by surprise. Smalls is the leader of the tech [...]
Pfizer bets on British drugmaker with $500m deal April 8, 2022 Pfizer has inked a $525m (£401m) deal with ReViral, after the pandemic paved the way for more acquisitions within pharma and biotech sectors. The famed Covid-19 vaccine maker is looking to improve its pipelines of treatments, with ReViral a specialist in drugs for respiratory viruses. It its Pfizer’s second large acquisition in just six months, [...]
LendInvest feels lift of buoyant housing market April 8, 2022 Fintech lender LendInvest has reported a boost in assets under management today as a buoyant housing market drives demand for its buy-to-let products.
