Just days until LIBOR switch to SONIA: FCA measures likely to postpone potential wave of litigation, for now December 28, 2021 With the deadline for banks to stop using LIBOR as an interest rate benchmark just a few days away, new measures taken by the Financial Conduct Authority (FCA) mean a possible wave of litigation will likely be avoided for now, though it could be “a problem postponed, rather than solved”, a leading Square Mile lawyer [...]
Government under fire for splashing out tens of millions on rental cars at home and around the world December 28, 2021 The government has come under fire after it has emerged that the Ministry of Defence and a range of other departments spent millions on hire cars for staff. The Ministry of Defence alone splashes almost £13m, a Freedom of Information (FoI) request showed. Also, the Department for Transport spent more than £1.1m in the year [...]
Commons Speaker: Yes, MPs can bring their babies with them for parliamentary debates December 28, 2021 MPs should be allowed to bring their babies with them for parliamentary debates as long as they are not disrupting proceedings, Commons Speaker Sir Lindsay Hoyle has said. In an interview with The Daily Telegraph, Sir Lindsay said the chair of the debate should be allowed to make the call on whether the presence of [...]
Energy crisis: Govt and energy firms agree runaway gas and electricity bills should be avoided in 2022 but they fail to say how December 28, 2021 The government and UK’s largest energy companies agreed late last night that “UK customers have to be protected” from soaring gas and electricity prices in 2022, although it was not clear how they plan to do that. The meeting with Business Secretary Kwasi Kwarteng came after Labour and a boss of a major energy provider [...]
Prime properties outside London surge at strongest pace in a decade with house prices in Cotswolds leading the pack December 28, 2021 New research shows this morning that prices of prime properties outside London have surged at the strongest pace in a decade during 2021. As house hunters looked for more space and made lifestyle changes, price growth across the prime housing markets outside London averaged 9.3 per cent over 2021, marking the strongest annual growth since [...]
‘A lot of dead bodies in between’: John Major said privately IRA could not be defeated December 28, 2021 The IRA could not be beaten militarily by the UK, former prime minister John Major admitted privately in 1992. According to an Irish Government memo, the British Prime Minister made the comments at meeting in Downing Street in February 1992, where he hosted newly elected Taoiseach Albert Reynolds and senior Irish ministers. Major also warned [...]
Donald Trump’s loss-making Scottish golf resorts hit by Brexit staff shortages December 27, 2021 The golf resorts of former US President Donald Trump in Scotland have been hit by Brexit job shortages, according to their their latest accounts. Accounts filed for the former US president’s golf course Trump Turnberry in Ayrshire by trading company Golf Recreation Scotland Ltd show the UK leaving the EU caused problems for the site. [...]
Sir Richard Branson: ‘Not lockdowns but vaccines are the route to recovery’ December 27, 2021 Sir Richard Branson has said he believes that vaccines and other precautions against Covid-19 such as the mandatory wearing of indoor face coverings and proof of vaccination are the key to preventing the spread of the virus, rather than “damaging lockdowns”. Sir Richard said that “widespread and equitable vaccinations against Covid-19, coupled with sensible day-to-day [...]
Coronavirus D-Day as Boris Johnson holds emergency meeting to weigh fresh Covid restrictions or even new lockdown December 27, 2021 England is heading for a decisive afternoon as the Prime Minister will hold a crucial meeting later today to assess whether new or additional Coronavirus restrictions are needed to slow the rapid rise in infections as a result of the Omicron variant. Boris Johnson is due to be presented with the latest Covid data today [...]
2021 in review: Furlough is government’s big success story, but Rishi Sunak’s £69bn lifesaver comes at a price December 27, 2021 Furlough has become a household word in recent years. The scheme that protected the jobs of nearly nine million Britons at its peak has been hailed as the big success story of the Government’s Covid support measures as the jobs market rebounds at an impressive pace. The warnings of soaring joblessness that struck fear into [...]
