Confirmed: Government to scrap health and social care levy introduced by Boris Johnson September 23, 2022 The Chancellor confirmed to MPs that the health and social care levy introduced by Boris Johnson’s government would be cancelled. Kwasi Kwarteng said: “It is an important principle that people should keep more of the money they earn. It is good policy to boost the incentives for work and enterprise. “Yesterday, we introduced a Bill [...]
Kwarteng calls strike action ‘simply unacceptable’ as govt looks at minimum service levels September 23, 2022 Chancellor Kwasi Kwarteng said it is “simply unacceptable” for strike action to disrupt lives, telling MPs the Government will seek to introduce minimum service levels before adding: “We will legislate to require unions to put pay offers to a member vote to ensure strikes can only be called once negotiations have genuinely broken down.” Mr Kwarteng said he would [...]
Wardrobe staples collection gives rapidly growing online fashion retailer In The Style another boost September 23, 2022 The successful launch of a wardrobe staples collection has given online fashion retailer In The Style a major boost, prompting the company to say this morning it is making solid progress in its growth plan. The own-brand staples range marked a step away from its traditional influencer campaigns and will bring in more sales opportunities, [...]
Ka-Ching! Brits pay instantly £1.65bn more in interest after today’s Bank of England rate hike September 22, 2022 With the Bank of England Monetary Policy Committee confirming its base rate will rise by 0.5 per cent to 2.25 per cent, UK households face an immediate increase in interest payments of £1.65bn. Analysis of Bank of England data shows UK households are currently paying £20.25bn annually in interest payments on floating rate debt that are [...]
Exclusive: The City’s best-known headhunter on decades in the midst of the action September 22, 2022 One of London’s biggest executive search companies, Anthony Gregg Partnership, is celebrating its 20th year in business this week. Time for City A.M. to sit down with chief executive Tony Gregg to look back on the last two decades as he opens up about what the anniversary means to him and to hear what the Square Mile insider [...]
Sterling’s freefall is global but there are still markets where the Pound buys you more than last year September 22, 2022 The pound has tanked again against the dollar and is now down 18 per cent year-on-year. As the Bank of England prepares to hike interest rates later today, Sterling has endured a rough ride on the currency markets over the last 12 months. As a result, this is making holidays more expensive in 48 out [...]
HMV back in the studio as High Street giant returns to making music for first time in 43 years September 22, 2022 HMV said this morning it will return to making records for the first time in more than four decades. The High Street giant is launching its own music label. The entertainment retailer, which runs 115 stores across the UK, has signed Newcastle-based singer-songwriter India Arkin to the new label, called 1921 Records. The label has [...]
Ofcom widens net for Big Tech probe September 22, 2022 Ofcom will be widening the scope of its probe into Big Tech, digging into competition concerns surrounding the cloud services space. The media regulator said this morning that it would launch a market study into the sector to ensure that markets are working well for people and businesses in the UK. Cloud services have exploded [...]
London police officers found guilty of sharing ‘grossly offensive’ WhatsApp messages September 21, 2022 Two police officers have been found guilty of sending grossly offensive messages on a WhatsApp group. PC Jonathon Cobban, 35, and former officer Joel Borders, 45, were each found guilty by City of London Magistrates’ Court today and will be sentenced on 2 November at Westminster Magistrates’ Court. Rosemary Ainslie, head of the CPS Special Crime [...]
FCA warns millions of Brits who live in blocks of flats urgently need better protection September 21, 2022 Under a move by the City watchdog to improve how the buildings insurance market operates, the FCA said today that people living in blocks of flats could receive greater protections from high insurance costs. A cross-industry risk-sharing scheme could be set up to limit the risk to individual insurers posed by buildings affected by flammable [...]
