Labour pushes government to face cronyism allegations in House of Commons tomorrow April 25, 2021 Labour has called for a senior minister to face questions in parliament tomorrow on the ongoing allegations of cronyism and sleaze engulfing Boris Johnson’s government. The opposition has called for the government to answer an urgent question tomorrow in the Commons, after a series of explosive claims released by Dominic Cummings on Friday. Deputy Labour [...]
UK to send vital medical equipment to India to fight Covid surge April 25, 2021 The UK will send 600 pieces of medical equipment to India to help the country fight its growing surge in Covid cases. Packages of ventilators and oxygen concentrator devices will begin to arrive in India on Tuesday. India has suffered an explosion in Covid cases in recent weeks, with daily cases hitting 350,000 today and [...]
Gupta calls for government ‘co-operation’ in fresh bailout bid April 25, 2021 Steel tycoon Sanjeev Gupta has reportedly made a fresh bid for government support for his ailing GFG Alliance, hitting out at “misinformed… public and media commentary” on the firm’s practices. The Sunday Times reported that Gupta had last week written to business secretary Kwasi Kwarteng seeking ministers “co-operation” on a deal. It comes after officials [...]
Liz Truss aims for UK to join CPTPP trading bloc in the next 12 months April 25, 2021 International trade secretary Liz Truss has said she is aiming for the UK to join a major trading bloc with countries like Mexico and Australia within the next 12 months. Truss finished up three days of face-to-face negotiations with Australian trade minister Dan Tehan in London earlier this week, with both sides saying a deal [...]
Passenger shortage set to hammer Network Rail finances April 25, 2021 The UK’s railways are facing a drop in usage that could see up to 2m passengers fewer use trains every day as working patterns shift due to Covid-19. According to a worst-case estimate prepared for rail authorities, passenger numbers may be no higher than 60 per cent of pre-Covid levels for the next four years. [...]
Boris Johnson leadership campaign aide was lobbyist for Sanjeev Gupta April 25, 2021 One of Boris Johnson’s aides for his leadership campaign was a lobbyist for Liberty Steel owner Sanjeev Gupta – one of the key figures in the Greensill Capital collapse. Gupta has been asking for a government bailout to save Liberty Steel, after its main financial backer – Greensill Capital – went bust last month. Malin [...]
UK set for ‘very rapid growth’ over next quarters, says BoE’s Broadbent April 25, 2021 Bank of England deputy governor Ben Broadbent said that the UK would see “very rapid growth” over the next couple of quarters as people rush to spend after lockdown. In an interview with the Telegraph, he said that the economy would see a boost simply from people saving less after the pandemic, let alone spending [...]
Remote living has eroded our empathy and executives must find a way to understand their staff April 25, 2021 It is difficult to count what we have lost during the pandemic. We’ve lost jobs, loved ones, incomes and our social lives. Living and working remotely has also meant we are losing our empathy for colleagues. This is especially true of business leaders and executives who need to be able to understand the problems their [...]
Bitcoin loses its grip on $50,000 as weekend trading slumps April 25, 2021 Bitcoin took another dip below $50,000 today as weekend trading struggled to get going across the board.
Neil Woodford registers new firm in Cayman Islands – report April 25, 2021 Disgraced stockpicker Neil Woodford has registered a new firm in the Cayman Islands as his bid to relaunch his career goes on. According to CityWire, new firm WCM Partners, which Woodford announced two months ago, has been registered in the tax haven. The move comes two months on from the start of the former star [...]
