Civil war: FCA staff pushing for union involvement after pay cut row with CEO Nikhil Rathi October 12, 2021 The Financial Conduct Authority may soon be a unionised workplace, if trade union activists get their way. A formal petition has been launched by Unite the union to gauge interest after what the union said was a significant increase in staff at the regulator joining the union. Staff are said to be unhappy with chief [...]
Former head of Royal Marines hang himself after ‘marriage concerns’ October 12, 2021 After having “concerns about his marriage and service career”, the former head of the Royal Marines died as a result of hanging, a hearing into his death was told today. Major General Matthew Holmes, 54, was found in a bedroom at his home in Winchester, Hampshire, on October 2, the inquest heard. Maj Gen Holmes, [...]
Back to the office full-time? I’d rather quit say more than half of all Brits October 12, 2021 The pandemic has changed the working landscape so drastically that flexible and hybrid work have become core benefits offered to many UK workers. In fact, over half of British workers, or 52 per cent, would leave their job if they were forced back into the office full time, with 11 per cent saying they would [...]
Richard Branson under fire for appearing with New Orleans high school band October 12, 2021 Catholic school fans in New Orleans are not very enthusiastic about an appearance by Sir Richard Branson with the St Augustine High School Marching 100 – the band that integrated an exclusive Mardi Gras parade. The billionaire businessman said it was an honour and a once-in-a-lifetime experience to don a drum major’s uniform and march [...]
Rishi Sunak blasted for using £19bn of IMF funds as UK aid money abroad October 12, 2021 The Treasury is said to consider using a windfall from the International Monetary Fund (IMF) as aid money, by ‘recycling’ billions of pounds, according to reports. Sunak is preparing to use a large portion of the funds to contribute to the UK’s current aid spending rather than using it in addition to what is planned, [...]
Live to fight another day: IMF managing director survives confidence vote despite damning China data rigging claims October 12, 2021 IMF managing director Kristalina Georgieva lives to fight another day as the International Monetary Fund (IMF) said it still has “full confidence” in the Bulgarian economist in response to allegations that she pressured World Bank staff to change business rankings for China in an effort to placate Beijing. The IMF’s 24-member executive board said in [...]
Brexit: Lord Frost to push for end of role of European Court in Northern Ireland October 12, 2021 In a speech to the diplomatic community in Lisbon later today, Brexit minister Lord Frost will warn the Northern Ireland protocol cannot survive without fundamental reform to governance arrangements. Frost is planning to set out Britain’s demands for changes to the Protocol amid a stand-off with the EU over the role of the European Court [...]
Amazon makes U-turn and allows 50,000 corporate staff to work remotely indefinitely October 12, 2021 E-commerce Amazon said this morning plans to permit many tech and corporate workers to continue working remotely indefinitely as long as they can commute to the office when necessary. It is a change from Amazon’s previous expectation that most employees would need to be in the office at least three days a week after offices [...]
JPMorgan Chase CEO Jamie Dimon dismisses Bitcoin as ‘worthless’ October 12, 2021 Jamie Dimon, JPMorgan Chase & Co chief executive, said last night at a conference by the Institute of International Finance that cryptocurrencies will be regulated by governments, Moreover, personally Dimon thinks Bitcoin is “worthless.” Watch the full report.
Today: UK unemployment set to fall as rate hike bets increase October 12, 2021 European markets got off to a mixed start yesterday, while US markets, after initially looking in good shape, rolled over into the close to finish on the lows of the day. While investors want to believe the narrative that stock markets can continue to move higher, this belief is bumping up against the reality of how [...]
