We will resign ourselves to geopolitical irrelevancy unless we re-invest in science August 4, 2022 As the Conservative leadership contest ploughs on through the summer and the final two candidates talk tax cuts and public spending neither are addressing the full extent of the UK’s economic woes. Many of the long-term problems the economy faces have been caused by successive governments’ underinvestment in science and innovation. For the last three [...]
Political rivalry will keep Transport for London in eternal financial purgatory August 4, 2022 People who live and work in London know the city would grind to a halt without an efficient public transport network. Almost half of the country’s 22 million public transport journeys undertaken every day are in London. Just a quarter of Londoners use a car to get to work – elsewhere it is 70 per [...]
New prime minister must up R&D funding or risk ushering in ‘low skilled’ economy August 4, 2022 The next prime minister must up the UK’s spending on science research and development (R&D) or risk losing its standing as a global leader, Tory-backed think tank Onward has urged today. In a report, supported by several MPs including former science minister George Freeman, Onward said the lack of spending risks damaging the UK’s core [...]
Letters: Football triumph must go deep August 4, 2022 [Re: England Women set for sponsorship offers after Euros success turns Lionesses into stars, August 2] As a footballer myself, I was especially delighted to see England win the Euros this weekend; such an incredible inspiration for everyone to see how the game has come on in the last decade. All eyes will now be [...]
Most employers believe four-day working week will be the norm before 2030 August 3, 2022 The majority of employers believe that a four-day working week will become the norm in the UK before 2030. According to a survey conducted by Censuswide on behalf of NatWest Rapid Cash, 78 per cent of employers believe it will happen by the end of the decade while 52 per cent of recruiters said it [...]
Battery sustainability firm plots overseas growth after snagging approval for lithium storage box August 3, 2022 Battery sustainability firm Technology Minerals has snagged UN-standard approval for its lithium-ion storage boxes and is now looking to scale its new business overseas. The London-headquartered firm’s new business, known as Recyclus, can “now go live” with the new ADR certification, executive chairman Robin Brundle told City A.M. today, which means it can operate across Europe. While [...]
Tory leadership: Truss has 32-point lead over Sunak in new members poll August 3, 2022 Liz Truss has opened up a 32-point lead over Tory leadership contender Rishi Sunak in a new members poll as the pair get ready to face another hustings event tonight. The Conservative Home poll of Tory members had Truss on 58 per cent and Sunak on 26 per cent in a further sign the foreign [...]
London markets turn around early losses on strong company earnings August 3, 2022 London markets turned around early morning losses today, driven by a bumper crop of results lifting market sentiment. The FTSE 100 and 250 were initially weighed down by a poor session on Wall Street on Tuesday triggered by fears over escalating tensions between the US and China after house speaker Nancy Pelosi’s trip to Taiwan. [...]
Sunak and Truss’s room for tax cuts is ‘limited’, OECD warns August 3, 2022 Tory leadership hopefuls Liz Truss and Rishi Sunak’s room to cut taxes is limited, a top global economic institution said today. The Organisation for Economic Co-operation and Development (OECD) said an ageing society and the need to boost public sector investment to lift growth will keep government spending higher for decades, limiting “the scope for [...]
Robinhood lays off almost a quarter of staff as crypto crash continues August 3, 2022 Trading platform Robinhood cut about 23 per cent of its staff as the crypto crash persisted and economic outlook dampened. The company, which enables crypto trading, had previously laid off 9 per cent of its staff to manage costs. The layoffs follow other crypto companies cutting staff as the “crypto winter” causes prices of major [...]
