It’s on: Tube strike going ahead tomorrow after RMT talks with TfL collapse November 9, 2022 Tube workers will be strike on Thursday after negotiations over pay, pensions and job cuts broke down. The RMT (Rail, Maritime and Transport union) accused Transport for London (TfL) of having “refused” to reach an agreement, after days of disruption across the country with national strikes called off at the last minute. Despite action formally [...]
Sunak’s flexibility has been curtailed by our undue reverence for the Bank of England November 9, 2022 The Bank of England has forecast a long recession, which could last two years. A statement treated, unquestioningly, as gospel despite the variety of failures at Threadneedle Street.
We do need serious mental health policy change, but we also need a change of heart November 9, 2022 This week I shaved off my beard to leave a resplendent moustache. I haven’t done Movember before but this year, I wanted to play a part. Last year, 75 per cent of suicides were men. I’ve always been cautious about campaigning along identity lines, but there is clearly a specific issue with men’s mental health. [...]
Exclusive: Laybuy eyes profit as customer spend surges to £64m November 9, 2022 Buy-now pay-later firm Laybuy said it was on track to hit profitability this year as it reported a 32 per cent surge in the amount of cash it brings in per customer.
Letters: Giving older staff a leg up November 9, 2022 [Re: UK unemployment falls to 50 year-low amid jobs market exodus, October 11] Economic inactivity is a growing threat to our economy. As the Centre for Ageing Better noted, Covid-19 heralded an “unprecedented number of people aged 50-64…mov(ing) out of work”, electing to live on their savings instead. If we want to solve this inactivity, [...]
FTX plunges following Binance bailout November 8, 2022 FTX coin plunged as much as 75 per cent this evening after crypto exchange Binance struck a dramatic deal to snap up its beleaguered rival. FTX, led by billionaire chief Sam Bankman-Fried, had been locked in a high-profile spat with Binance boss Changpeng Zhao in recent days, which had sparked an investor exodus from FTX. [...]
Sir Gavin Williamson resigns as minister after bullying allegations November 8, 2022 Sir Gavin Williamson has resigned as a government minister after a series of bullying allegations were lodged against him. In his resignation letter this evening, Williamson said he wished to clear him name of “any wrongdoing” and “refuted” how his “past conduct” had been characterised. He said the claims against him were “becoming a distraction [...]
EU opens probe into Microsoft’s £59bn deal to buy Call of Duty maker Activision Blizzard November 8, 2022 The European Commission has opened an in-depth investigation into Microsoft’s proposed $68.7bn (£59.5bn) acquisition of Call of Duty maker Activision Blizzard. The commission said it was concerned that the proposed deal may reduce competition in the market. A preliminary investigation found that the transaction may significantly reduce competition, including multi-game subscription services and cloud game [...]
Citi bumps holiday days in grab for talent November 8, 2022 Citigroup is bumping its holiday days in an attempt to lure top talent to the Wall Street bank. According to an internal memo seen by City A.M. and first reported by Bloomberg, employees will get 27 days of holiday effective from January, increasing to 28 days after two years and 29 days after five years. The [...]
Government urged to sign off policy ensuring more EVs are on the road by 2024 November 8, 2022 A string of large electric vehicle (EV) players are lobbying the government to ink a mandate which would ensure a certain proportion of cars on the road in the UK are electric by 2024. A dozen businesses, including Ford, Britishvolt and Pod Point, have written to transport secretary Mark Harper and business minister Grant Shapps [...]
