DEBATE: Should Rishi Sunak scrap the RPI inflation measure in today’s Spending Review? November 25, 2020 Should Rishi Sunak scrap the Retail Prices Index (RPI) inflation measure in today’s Spending Review? Angus Hanton, co-founder of the Intergenerational Foundation, says YES. We need to say RIP to RPI. Why? Because the use of the Retail Prices Index (RPI) is based on a flawed methodology — one which disproportionately impacts younger generations. From [...]
Want people to get the Covid vaccine? Pay them November 25, 2020 The vaccines seem to be coming thick and fast. The task now is to ensure that enough people get them to keep the virus under control. The first issue is one of logistics. The track record of the UK’s health bureaucracy during the crisis has not been good. But the NHS does have experience of [...]
How smart buildings can power the green revolution November 25, 2020 The Prime Minister’s decision to base last week’s so-called “reset” around a 10-point plan for a green industrial revolution tells us a lot about where he thinks the country needs to go over the next decade. Indeed, it hints at what kind of country we are after Brexit: not one that looks back complacently to [...]
Chinese business group calls for ‘new chapter’ in UK relationship November 24, 2020 The chief executive of the UK arm of the Bank of China has called for a “new chapter” in the relationship between the two nations after a year of increasing political tension. Relations between the UK and China have soured this year, with both the domestic and overseas activities of the world’s second largest economy [...]
Guest opinion: Britain could lose out if it doesn’t open up to China November 24, 2020 Wenjian Fang is the CEO of the Bank of China (UK Ltd) and the Chairman of the China Chamber of Commerce in the UK. Today he issues a warning to Britain that only with Chinese help can Britain achieve its green goals, after the UK Government pushed back on the involvement of companies it believes [...]
Energy firms call on government to embrace emissions trading after Brexit transition ends November 24, 2020 Leading energy companies have urged the UK to embrace carbon trading after the Brexit transition period concludes and not adopt a carbon tax instead. In a letter to Boris Johnson, the group, which includes firms such as RWE and Uniper, said that tradable carbon credits remain the best way of cutting emissions. At the moment, [...]
On the charge: Tesla breaks $500bn market valuation after stock rally November 24, 2020 Tesla has broken through the $500bn (£375bn) market value mark following a mammoth rally that has seen its share price rise more than sixfold this year. The company’s shares were opened more than five per cent up today to give the firm a market cap of $519bn. The growth will round off an historic year [...]
Oil prices hit pre-lockdown levels as vaccine rally goes on November 24, 2020 Oil prices today hit their highest levels since the spring’s historic collapse as traders continued to celebrate news of yet another effective coronavirus vaccine. Brent crude jumped 3.9 per cent across the day to touch $48 – the highest the global standard has traded at since Opec initiated a price war with Russia at the [...]
Spending review: Rishi Sunak to spend extra £4.3bn on unemployment programmes November 24, 2020 Rishi Sunak will unveil a new £2.9bn unemployment scheme and £1.4bn in extra funding for Job Centre Plus at tomorrow’s comprehensive spending review. A statement from the Treasury said Sunak’s three-year Restart scheme will help 1m people find work, with those unemployed for more than 12 months to get “regular, intensive jobs support”. In 2021-2022 [...]
Hong Kong Racing Tips: Classic Unicorn can go back-to-back November 24, 2020 WEDNESDAY’S action takes place on the infamous ‘C+3’ course at Happy Valley, well known for its narrow width with the starting stalls only just fitting across the track and short home straight. Past records highlight horses drawn with low numbers have a big advantage over their rivals, especially in five and six furlong races, and [...]
