Weak efforts to claw back stolen furlough money by HMRC to leave taxpayers with £4bn bill February 11, 2022 Weak efforts by the taxman to clawback Covid-19 support money stolen by fraudsters will result in taxpayers shouldering a £4bn loss, warns a new report published today by a group of cross-party MPs. “HMRC’s unambitious plans” to recover billions of misspent pounds through the furlough and business loan schemes could see taxpayers holding the bag, [...]
All bad things come to an end: Post arrival tests scrapped from today February 11, 2022 The UK seems to have put Covid behind as from this morning at 4am post arrival Covid tests will be scrapped for fully jabbed travellers. Passengers coming to the UK will still need to fill out a simplified passenger locator form (PLF), confirming their vaccination status as well as travel history and contact details. “The [...]
No more staycations: End of UK travel rules boosts half-term holiday abroad February 11, 2022 The scrapping of post-arrival tests for fully vaccinated has given a huge boost to Brits’ confidence to travel abroad. According to data released today by travel association ABTA, around 833,000 people will go on holiday abroad this half-term, choosing Turkey, Portugal as well as sky resorts in France and Italy as their preferred destinations. Following [...]
Cressida Dick resigns after Khan loses faith February 10, 2022 Met Police commissioner Cressida Dick has reportedly resigned after Mayor of London Sadiq Khan said he no longer had confidence in her leadership.
Retailers slash ties with unethical suppliers to tune of £7.1bn in cancelled contracts February 10, 2022 Retailers severed ties with suppliers who did not meet ethical standards to the tune of £7.1bn in cancelled contracts last year. Research published today from Barclays Corporate Banking has highlighted that one in five UK retailers distanced themselves from suppliers who did not meet sustainability or ethics standards. Of those who did slash ties, an [...]
Legal & General agrees £370m buy-in with Heathrow pension scheme February 10, 2022 Life insurance and pensions firm Legal & General has announced a £370m ‘buy-in’ with London Heathrow’s pension scheme to shore up the savings of more than 1,400 savers.
Travel stocks continue ascent as London markets post mixed open February 10, 2022 Travel stocks continued their ascent today in a positive day for London markets. The capital’s premier FTSE 100 index closed 0.38 per cent higher at 7,672.40 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.11 per cent to finish at 22,207.75 points. Airline stocks [...]
Stage is set for another fabulous Crypto AM event February 10, 2022 Crypto AM will next week be hosting its first event of 2022 as 175 guests are invited to the Valentine’s Keynote Panel and Networking Soiree on Thursday February 17 in London.
Labour’s business spokesperson backs easing of EU’s Solvency II insurance regulation February 10, 2022 Labour’s shadow business secretary has said he is in favour of scrapping the EU’s Solvency II directive post-Brexit in a bid to free up insurance firms to plow tens of billions of pounds into the British economy. Jonathan Reynolds said today at a UK Finance event that there was “an argument, not for deregulation, but [...]
Twitter dodges Wall Street tech tumble despite missing analyst expectations February 10, 2022 Twitter appears to have avoided the wrath of Wall Street despite reporting a weaker-than-expected quarterly ad revenue and user growth this afternoon. The social media giant said it had made “meaningful progress” toward its goal of reaching 315 million users and $7.5bn (£5.5bn) in annual revenue by the end of 2023. Although ad revenue for [...]
