As inflation bites, Britain’s roadmap for start-up success needs to be kept up to date March 8, 2022 The rise in living costs over the next 12 months is set to be the highest in 30 years as inflation sets in. The UK’s Consumer Prices Index puts the inflation rate at 5.5 per cent, with some economists predicting this figure will rise close to 8 per cent by April. The Bank of England [...]
Pandemic spending habits settle to ‘new normal’ after online shopping boom March 8, 2022 Pandemic spending habits have “settled into a new normal” with people returning to bricks and mortar stores to ‘try before you buy’ last month. Total retail sales were up 4.9 per cent in February, compared to the same month in 2020, according to the British Retail Consortium (BRC) and KPMG retail sales monitor. Sales continued [...]
UK braces for historic living standards shock on Russia-Ukraine conflict sending inflation skyrocketing March 8, 2022 Households are set to absorb the worst shock to their living standards in recent history driven by the Russia-Ukraine conflict sending energy prices skyrocketing, reveals fresh research published today. Gas prices have surged to their highest level ever on concerns over Moscow squeezing energy flows in retaliation to Western sanctions, which could push UK inflation [...]
Brits hunker down for cost of living pinch as experts project spending pullback March 8, 2022 Brits are battering down the hatches in preparation for rampant inflation hitting their finances, reveals fresh research published today. Around nine in 10 households are concerned about the impact rising food prices and overall inflation will have on their ability to maintain spending levels, according to Barclaycard. The research was carried out before the Russia-Ukraine [...]
London law firms cannot continue to quietly take Russian money and clients March 8, 2022 In the face of Russia’s invasion of Ukraine, the silence from board rooms across the City’s law firms has been deafening. For too long now, global law firms with London bases have profited from work for Russian entities and oligarchs. Now, faced with dilemmas over taking a stand publicly and shunning Russian interests, many of [...]
Letters: Keeping a hold of our young talent March 8, 2022 [Re: UK’s leading fintech bosses call on government to ramp up efforts to overhaul regulation, Feb 21] Industry body Innovate Finance is right, we absolutely need to see more institutional investors and pension funds being braver in supporting high-growth, growth-stage fintechs. That being said, the consequences of this lack of available capital are far more [...]
CMA secures commitments from Gridserve unlocking EV motorway charging competition March 8, 2022 The Competition and Markets Authority (CMA) has secured commitments from energy company Gridserve to open up competition on motorways between electric vehicle (EV) charging companies. As part of the legally-binding commitments, Gridserve has agreed not to enforce exclusive rights in contracts with operators Extra, MOTO or Roadchef after November 2026, therefore reducing its contracts by [...]
Chris Tremlett: ‘Warne took me under his wing, he saw the potential in me’ March 7, 2022 It’s a shame I can’t speak to Shane Warne again and thank him because I wouldn’t have got to where I got to, and played for England, without him. He will leave a legacy in so many different ways. People remember him for his antics off the field, he was a rock and roll cricketer, [...]
London firefighters battle major blaze in the City as Aldgate tower block fire leads to road closures March 7, 2022 A major fire is currently raging near Aldgate East station as dozens of firefighters are battling a huge blaze. Social media images have shown smoke across the City of London after a fire appears to have broken out on one of the floors of the Crawford Building on Whitechapel High St. The London Fire Brigade [...]
Keeping up with the BBC: GB News invests £14m since launch March 7, 2022 GB News have invested nearly £14m in the last year as the news channel attempts to go head-to-head with the likes of Sky News and the BBC for viewer eyeballs. The latest accounts show how the owner of GB News All Perspectives has been drawing down £46.5m worth of cash since last spring to aid the [...]
