Today: City hold its breath as Rishi Sunak is expected to confirm windfall tax on soaring energy profits May 26, 2022 Energy giants across the UK and investors in the City are awaiting what will come out of Westminster today as Chancellor Rishi Sunak is expected to cave in to pressure to impose a windfall tax on the soaring profits of oil and gas firms. Treasury sources did not deny reports he would use his announcement [...]
Heathrow urges govt to ‘bring pace to the policies’ as 10-point plan is rolled out for aviation recovery May 26, 2022 The Government must “bring pace to the policies” after publishing a long-awaited strategy to support the recovery of aviation from the coronavirus pandemic, according to Heathrow Airport. A 10-point plan named Flightpath to the Future has been released by the Department for Transport, focusing on growth, sustainability and protecting passengers. It commits to “position the [...]
Global markets: US resilience lifts indexes worldwide with no surprises from Fed minutes May 26, 2022 European markets had a much more positive bias yesterday, helped by more resilience in the US, which finished the day strongly higher after the release of the latest Fed minutes. “This positive finish took a bit of a knock after the close as another disappointing set of earnings numbers, this time from Nvidia prompted US [...]
Today: Rishi Sunak to roll out news measures to help struggling Brits to fight cost of living crisis May 26, 2022 It’s been speculated that UK Chancellor of the Exchequer Rishi Sunak will today announce some emergency measures to help the most vulnerable UK households to help alleviate the strain on their finances because of the surge in energy prices. The package, which it is said is expected to be in the region of £10bn, “is [...]
Exclusive: Steep surge in income tax and national insurance as higher taxes bite in cost of living May 26, 2022 The combined amount of Income Tax and National Insurance paid in the last twelve months has soared by 13 per cent to more than £387bn, new figures from HMRC show. The latest data from the taxman comes amidst the growing cost-of-living crisis, the Government is now likely to come under increasing pressure to alleviate the [...]
As Queen celebrates 70 years on the throne: What does the future of the Commonwealth look like? May 25, 2022 As Queen Elizabeth celebrates her 70th year on the throne, there are questions about whether the Commonwealth of Nations, which she was instrumental in creating and remains one of her proudest achievements, has a future when her reign is over. Watch the full video report.
Cineworld, ASOS and Boohoo: The 10 most shorted LSE stocks and the City fund managers that go after them May 25, 2022 Cineworld Group, the world’s second-largest cinema chain, is currently the most shorted UK listed company, according to the most up-to-date London Stock Exchange data. Some 8.2 per cent of its stock was held short by five investment firms, with New Holland Capital LLC holding the largest short position with 2.4 per cent of the company’s [...]
Sue Gray day: Who is the cat-loving former pub landlady from Tottenham who probed partygate? May 25, 2022 It’s D-Day in Westminster. Sue Gray has published her long-awaited report in the Downing Street parties during lockdown. The document is currently with the Prime Minister. Gray took on the civil service investigation into allegations of coronavirus rule-breaking at No 10 in December. As a result, over the course of the last six months, Gray [...]
Dyson looking to hire hundreds of new engineers as tech giant wants every Brit to use home assistant robots within years May 25, 2022 As Dyson has started to preview plans to build home assistant robots – it wants to have them in UK homes by the end of the decade -the tech company has issued a call to robotics engineers to join. The UK-founded firm announced plans to open a robotics centre at Hullavington Airfield in Wiltshire, where [...]
More Brits feel disengaged, demotivated or anxious as rising cost of living feeds stress levels May 25, 2022 Our headlines in recent weeks have been dominated by the latest inflation figures, reaching a 40 year high of 9 per cent, as well as the cost of living crisis, which is raging on. As the nation and the media come to terms with the prospect of a recession, one crucial impact of the UK’s [...]
