‘Is that it?’: Gove unable to say how Brexit ‘made business easier’ when asked six times on R4 November 24, 2022 Principal Brexiteer michael Gove was unable to name a ‘single benefit’ of Brexit, as business leaders warn of continued economic strain. The levelling up secretary appeared to falter while speaking on Radio 4’s Today Programme this morning, asked no less than six times how firms would benefit from the UK’s departure from the EU. This [...]
Energy bill support to cost billions as Ofgem unveils monster £4,279 price cap November 24, 2022 The energy price cap will rise by a further £700 in the new year, Ofgem has announced - a 20 per cent hike to its current record rates.
Bitcoin steadies the ship as industry market cap steers a course towards $850 billion November 24, 2022 Bitcoin’s price change over the last week is steady at 0% this morning - a welcome respite from the volatility of the last few weeks.
Explainer-in-brief: Housing is the new Europe in the Conservative Party November 24, 2022 It was ardent Brexiteers who rumbled up enough angst to secure a referendum. But will pro-housing Conservatives have enough heft to stare down the Tory big wigs rebelling against housebuilding targets and planning reforms? Priti Patel, the former Home Sec, Damien Green, former deputy PM to Theresa May and Iain Duncan Smith, the ex-Tory leader, are [...]
Exclusive: Sky Mobile boss says Brits are holding on to old phones to save cash November 24, 2022 The boss of Sky Mobile has said people are keeping their mobile phones for double the time as the cost of living crunch sets in. Speaking with City A.M., managing director Paul Sweeney said that customers are increasingly holding onto older devices for as long as three years rather than the more standard year and [...]
Oxford Street to welcome fashion brand Reserved amid revamp of retail district November 24, 2022 London’s Oxford Street is welcoming a new retailer to the block, as fashion brand Reserved has signed up for its second London store. GPE, formerly Great Portland Estates and one of the biggest property leasers in the capital, has signed a letting with Reserved for a more than 19,600 square foot space, which is expected [...]
UK frees up £4bn in export finance to boost post-Brexit trade with Morocco November 24, 2022 Britain has made £4bn available in export finance to boost post-Brexit trade with Morocco. The funding will be available for Moroccan buyers as long as 20 per cent of content is from UK firms, it has been announced. This comes as the UK looks for trading opportunities around the world after leaving the European Union, [...]
Dr Martens yet to see cost of living crisis hit as revenue jumps November 24, 2022 Dr Martens is yet to see the impacts of the cost of living crisis in the UK, as it keeps its outlook firmly in place. The footwear retailer enjoyed a revenue jump of 13 per cent to £418.6m in the six months to the end of September. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) [...]
Met arrests 100 in ‘biggest ever fraud operation’ to take down spoof calling site November 24, 2022 More than 100 people have been arrested in what the Met Police describe as the UK’s biggest ever anti-fraud operation. The force led the bid to take down the ‘one stop spoofing shop’, iSpoof, which had more than 200,000 possible victims in this country alone. Fraudsters contacted people posing as as representatives of banks including [...]
Mothercare hires new top boss as Covid recovery ‘taking time’ November 24, 2022 Baby clothes seller Mothercare has named Dan Le Vesconte as its new CEO, as the retailer admitted that a recovery to pre-pandemic trading was “taking time.” The Watford-based company is seeking to recover from a torrid pandemic, which shuttered some 79 high street stores after collapsing into administration just before the first Covid lockdown. Le [...]
