Savings rates still too low to tempt regular investors to move more money into cash July 8, 2022 Regular UK investors believe savings rates are still not high enough to tempt them to move more money into cash. Just 35% say they have put more of their investments into cash accounts since the Bank of England started hiking the base rate in December last year with five increases taking it from 0.1% to [...]
Shock and horror in Japan as its former prime minister Shinzo Abe is in ‘severe condition’ after shooting July 8, 2022 Japanese leader Fumio Kishida has said former prime minister Shinzo Abe is in a “severe condition” after being shot at a campaign event. Mr Kishida said he hopes Mr Abe will survive after the former prime minister was shot while giving an election campaign speech in Nara, western Japan, on Friday. Local fire service official [...]
JD Sports hires former Morrisons chair Andrew Higginson to fill the boots of Peter Cowgill after 18 years at the helm July 8, 2022 JD Sports has hired Andrew Higginson to help fill the boots of Peter Cowgill as the sportswear retailer’s new chair. Mr Cowgill stepped down from JD Sports in May after 18 year as the company’s executive chairman. The resignation came after the company was fined £4.3 million by the competition watchdog for exchanging information with [...]
Former Skyscanner chief becomes Scotland’s very first chief entrepreneur officer July 7, 2022 Mark Logan, a former Skyscanner chief operating officer, has been appointed as Scotland’s first chief entrepreneurial officer. The two-year post will mean Mr Logan will be a senior adviser to the start-up nation programme, which was set up to deliver the entrepreneurial recommendations in the Government’s recent 10-year economic strategy. The appointment was announced by [...]
Isolated Boris Johnson agrees to resign TODAY after all PM’s key ministers flee Downing Street July 7, 2022 Multiple sources are confirming Boris Johnson has agreed to stand down today. He will stay on as caretaker leader until new Tory leader elected this autumn. He will make a statement later today. The Prime Minister rejected calls to quit yesterday and dramatically sacked Cabinet rival Michael Gove, but was later hit with the departure [...]
Merciless verdict: ‘Mortally wounded’ Boris Johnson urged to leave Downing Street ‘with dignity’ July 7, 2022 If Boris Johnson picks up any of the papers this morning, it does not make fine reading for the Prime Minister as he is encouraged by almost all of the papers to abandon his attempts to save his premiership. The overall mood amid resignations and potential leadership challenges is best summarised by The Times’ leading [...]
Bye Boris: NI Secretary Brandon Lewis, Treasury minister Helen Whately and Security minister Damian Hinds flee No 10 July 7, 2022 Northern Ireland Secretary Brandon Lewis has resigned around 7am from the Cabinet, telling the Prime Minister that Government requires “honesty, integrity and mutual respect”. Minutes later, Treasury minister Helen Whately has resigned, telling Boris Johnson there “are only so many times you can apologise and move on”. And only moments ago, Security minister Damian Hinds [...]
Attorney general Suella Braverman not going anywhere despite her call for Boris Johnson to go July 7, 2022 Despite calling for the Prime Minister to quit, Attorney General Suella Braverman says she will continue in her role. The Cabinet minister, who has previously been a staunch supporter of Boris Johnson, told Peston on ITV that he had handled matters “appallingly” in recent days. She said: “The balance has tipped now in favour of [...]
Sign-up economy falls apart as Brits ditch costly subscriptions en masse due to fast-shrinking budgets July 7, 2022 New figures out this morning show that the growth of the “subscription economy” is stalling rapidly as living costs squeeze household budgets and people return to pre-coronavirus pandemic routines. More than a third (36%) of people say they have cancelled at least one subscription because their disposable income has fallen as interest rates and inflation [...]
Global money laundering watchdog urgently calls for greater crypto information sharing July 6, 2022 Most countries do not have appropriate laws to prevent the illicit use of cryptocurrency by criminals, according to a global anti-money-laundering watchdog. The rules would force businesses to share information about cryptocurrency transactions. Only around a third of countries surveyed by the Financial Action Task Force said they have passed laws, and just a few [...]
