Londoners pay the price as Khan and No10 stay on the carousel of fights over TfL funding March 7, 2022 A FEW weeks ago, after months of wrangling, Transport for London and the Department for Transport finally agreed a slightly longer term short-term funding deal for the network. After a series of deals lasting a week or two at a time, this one runs until June. We don’t know what’s going to happen in June [...]
AstraZeneca injects further £100m in Cambridge research centre March 7, 2022 AstraZeneca injects another £100m over budget to complete its Cambridge-based research and development centre. The Discovery Centre, or the ‘Disc’ as it is also known, was formally unveiled in November by Prince Charles and business secretary Kwasi Kwarteng. According to The Times, the site has cost the vaccine-maker £1.1bn, which is more than three times [...]
Exclusive: Energy crisis needs crisis measures argues Octopus chief executive Greg Jackson March 7, 2022 Octopus boss Greg Jackson has called for long term reforms to the energy market alongside short term moves to protect consumers.
British Gas the worst firm for customers from bust suppliers March 7, 2022 Missing credit balances, billing delays and poor communication have defined customer experiences during the supplier of last resort process.
US hints at sanctions on Russian oil March 7, 2022 A senior US official yesterday dangled the prospect of a worldwide ban on Russian oil imports, ratcheting up tensions between both sides.
Private equity deals made by the mega rich hits highest in a decade March 7, 2022 The value of UK private equity deals undertaken by wealthy individuals has hit the highest in a decade, doubling to £2.3bn last year. According to data from law firm Boodle Hatfield, low interest rates have made it easier for the society’s most affluent to fund private equity deals, with many looking to access asset class [...]
A tough crackdown on oligarchs must carry us as far as our rule of law allows March 7, 2022 It is an uncomfortable truth that the West sorely lacks experience of war. That may seem a peculiar statement, after the long and bloody interventions in Iraq and Afghanistan, but those were effectively operations of control and rebuilding. What we are seeing in Ukraine at the moment is quite different: one sovereign nation taking on [...]
The City must not stand by in the face of dirty money on our streets and in our banks March 7, 2022 Today I and others from across the City of London will gather to stand in solidarity with the people of Ukraine as its national flag flies above us. It is now over a week since Russia’s violent invasion of Ukraine began and the deeply distressing scenes being played out across the country have shocked us [...]
Fuel be sorry: Record petrol prices could hurt retail sector warn experts March 7, 2022 Experts suggest record prices at the pumps could hurt the retail sector and potentially stall the UK's ecommerce boom.
UK jobs market surges to pre-pandemic health but inflation crunch looms March 7, 2022 The recession of Covid-19 restrictions has sparked a recruitment drive by British businesses, reveals a fresh survey released today. An uptick in spending as Brits head back to high streets after the end of Plan B measures is encouraging firms to take on more staff, according to research by accountancy firm BDO. Businesses are scrambling [...]
