Used car market grows 11.5 per cent in 2021 as prices show no sign of stop February 8, 2022 The UK’s second-hand car market has grown 11.5 per cent, with more than 7.5 million transactions registered in 2021. According to data from the Society of Motor Manufacturers and Traders (SMMT), 777,997 more cars were sold compared with 2020 levels, even though performance remained 5.5 per cent below the pre-pandemic five-year average. Transactions reached peak [...]
Telecoms giant Iliad makes a play for Vodafone’s Italy operation February 7, 2022 French telecoms operator Iliad has tabled a bid for Vodafone’s Italian operation just a week after Vodafone boss Nick Read indicated he was gearing up for a period of dealmaking.
The City View: The headlines and the latest from Westminster February 7, 2022 Andy Silvester whistles through the headlines in the Square Mile and asks City A.M.’s Chief Political Correspondent Stefan Boscia whether Boris Johnson’s reset will work.
More than 250 hospitality bosses call for VAT freeze as diners hit by rising costs February 7, 2022 Restaurant bosses from big names including JD Wetherspoon and Greene King have signed a letter to the Chancellor calling for a VAT freeze at 12.5 per cent. In an open letter to Rishi Sunak, more than 250 hospitality businesses have called for a re-think of plans to hike the VAT rate back to 20 per [...]
Starmer rescued by police from anti-vax mob February 7, 2022 Sir Keir Starmer had to be escorted by police out of parliament this evening, after the Labour leader was mobbed by a group of anti-vax protestors.
Developers looking at ‘legality’ of government demand to commit to funding cladding remediations February 7, 2022 Builders have accused the government of taking a disproportionate approach with its plans to relieve leaseholders of remediation costs for unsafe flats. Developers were sent a letter by the government last week calling on them to sign a legally binding agreement that committed them to covering the costs of fixing tower blocks with dangerous cladding. [...]
Former Norton motorcycle boss pleads guilty to pensions investment breaches February 7, 2022 The former owner of motorcycle firm Norton has pleaded guilty to three charges of breaching employer related investment (ERI) rules after he pumped more than five per cent of his firm’s three pension schemes back into his business. Stuart James Garner, 53, was accused of illegally investing cash from the Dominator 2012, Commando 2012 and [...]
Klarna-backed £1.8bn lawsuit fights Google search engine manipulation February 7, 2022 Swedish price comparison firm PriceRunner said it was suing Alphabet-owned Google for about €2.1bn (£1.8bn), the latest firm to take legal action alleging the search giant manipulated search results.
Mordaunt to meet with US state governments to discuss trade deals February 7, 2022 The UK will conduct fresh talks with individual US state governments this week in a bid to push forward plans to close a series of mini-trade deals. Trade minister Penny Mordaunt will virtually meet with a number of state government officials – from states such as Indiana, Utah and California – as part of the [...]
Ofcom boss bids to regulate Netflix following Jimmy Carr row February 7, 2022 Ofcom chief boss Dame Melanie Dawes has said there would be “real value” in the media and telecoms watchdog regulating Netflix. In an exclusive interview with Channel 4 News, Dawes discusses the controversy surrounding the screening of a Jimmy Carr special in which the comedian made a joke about the Holocaust. In response to whether Ofcom should [...]
