Without Brexit, there would never have been a harsh austerity Budget this week, says BoE veteran November 15, 2022 The real reason Britain is facing harsh austerity measures is the UK’s departure from the EU, according to a senior economist. Former Bank of England interest rate policy maker Michael Saunders said that Brexit has ‘permanently damaged’ the UK’s economy. “The UK economy as a whole has been permanently damaged by Brexit,” said Saunders, who [...]
Price of independence: Scots warned breaking away from UK may mean 20 per cent cut in income November 15, 2022 Crashing out of the Pound Sterling in the wake of an independence vote would cost the average Scottish household 20 per cent of their income, according to new analysis published today. The findings set out how the introduction of a new Scottish currency would hike the cost of imports, increase debt costs and lead to [...]
Virgin’s ‘Pride’ Airbus called Rainbow to fly England squad to Qatar World Cup today November 15, 2022 Team England is reportedly flying off to Qatar today on a plane called ‘Rainbow’. The Virgin Atlantic Airbus, which is chartered by FA, also carried the registration number PRD, or short for ‘Pride’. Moreover, the Airbus plane also features a cartoon of a man holding wearing Rainbow-coloured shoes, while he carries the Union flag, according [...]
Barclays makes green property push by giving eco-friendly home owners £2,000 November 15, 2022 Barclays bank said this morning it plans to run a trial to pay back customers who install new insulation, heat pumps or solar panels, among other solutions. Barclays will start paying up to £2,000 to its mortgage holders to help them green their home as three in four say they cannot afford the changes they [...]
Number one: London is B Corp capital of the world with record 1,000 B corporations November 15, 2022 Britain has one of the largest and fastest-growing communities of sustainable businesses in the world as B Lab UK announces that there are now over 1,000 Certified B Corporations in the UK. B Corporations are businesses verified to high standards of social and environmental performance, transparency and accountability. Household names who are part of the [...]
FTX collapse may be ‘best thing ever to happen to crypto’, argues Scotcoin chief November 14, 2022 As the crypto space is rocked by the aftermath of last week’s FTX collapse, exchanges are rushing to calm investors’ fears. FTX and Alameda have now filed for chapter 11 in the United States – and about time, according to Temple Melville, the CEO of the Scotcoin Project Community Interest Company. He told City A.M. [...]
Value of UK business tax breaks hits record £105bn in past year alone November 14, 2022 The value of business tax reliefs in the UK hit £105.3bn in the past year, up from £100.3bn in 2020-21, shows new research shared with City A.M. this morning. The £105.3bn figure represents the combined cost estimated by HMRC for the 58 significant tax reliefs available to corporates. However, these represent just a fraction of [...]
Computer says no: Frustrated businesses screaming for fresh cash struggle to get bank loans November 14, 2022 Three-fifths of small and medium-sized enterprises (SMEs) said that they currently need funding to ease day-to-day cashflow issues, according to research by asset manager Channel Capital out this morning. However, those businesses increasingly struggling to get loans from high-street banks, the survey found. And more than two thirds of SMEs reported that they need funding [...]
Happy first birthday as King Charles: Monarch turns 74 today November 14, 2022 The King is celebrating his first birthday as monarch as he turns 74. Charles is expected to mark his 74th anniversary privately later today. He became king after the death of the Queen on September 8 and has since had a busy period. As Prince of Wales, he was sometimes away on official foreign tours [...]
‘Rude and aggressive’: Fresh claims rock Sunak govt with spotlight on Raab ‘the Incinerator’ for bullying November 14, 2022 Rishi Sunak’s new government is facing fresh allegations of bullying and harassment at work, only days after Gavin Williamson stepped down as Cabinet Office minister as questions arose over his behaviour towards colleague. Now it has emerged that eight people working in Dominic Raab’s private office during his tenure as foreign secretary claimed to have [...]
