UK supply chain under control despite strike, says port trade body August 22, 2022 Port trade body UK Major Ports Group said that, despite the ongoing eight-day strike at Felixstowe, the UK supply chain remains under control. Tim Morris, chief executive of UK Major Ports Group, told City A.M. that the impact on end consumers “might be less and more spread out than some people might think” as supply [...]
Inflation to peak at more than 18 per cent, reckon Citi forecasters August 22, 2022 Inflation is set to surge above levels seen during the oil price shock in the late 1970s in a sign the UK economy is hurtling toward a long slump, new forecasts published today show. The cost of living will climb to 18.6 per cent in January, pushed higher by the energy watchdog hiking the cap [...]
NGOs including Oxfam and Save the Children call on Covid-19 Inquiry to probe global impact of UK vaccine buying August 22, 2022 A string of NGOs, including Oxfam, have called on the chair of the Government’s Covid-19 Inquiry to probe the impacts of UK pandemic policy on the global stage. In a letter to chair Baroness Hallett today, the NGOs said: “Given the inquiry’s focus on the impact of the pandemic on inequalities, this should include [...]
Here’s How To Answer The Worst Interview Question August 22, 2022 Here’s a scenario worthy of the scariest movie: you’re in an interview for a job you’d really love to get, and you’ve prepared to the nth degree. All your case studies are top of mind, you’ve got performance figures and KPIs at your fingertips and you’re confident you’ve got lots of great work-related answers for, [...]
Crypto markets steady after Friday’s drop August 22, 2022 The price of Bitcoin is currently sitting around $21,353 this morning - up one per cent over the past 24 hours.
Criminal Barristers vote to escalate strike action over legal aid fees August 22, 2022 Criminal barristers today voted in favour of plans to cancel their bi-weekly court walkouts and run a continuous strike from 5 September onwards. The Criminal Bar Association’s members overwhelmingly backed the decision to strike on an “indefinite basis” on Monday morning. 2273 members backed escalation of strikes by 79.5 per cent, with 11 per cent supporting a continuation [...]
Wizz Air CFO steps down as airliner pursues post-lockdown expansion August 22, 2022 Wizz Air’s chief financial officer has stepped down, as the European airline pursues a pandemic turnaround following a recent loss of €285m. Jourik Hooghe has decided to exit the role to seek “opportunities outside of the company” according to a statement today. However, he will be available during until the end of December during the [...]
Company Voluntary Agreements plunge as taxman tightens debt recovery rules August 22, 2022 The number of struggling firms striking Company Voluntary Arrangements (CVAs) with creditors has plunged 47 per cent in the past year after tax authorities tightened the way they can reclaim debts, new data has revealed.
EXCLUSIVE: Number of firms fined for deliberate corporation tax misinformation hits four-year high August 22, 2022 The number of businesses fined by HMRC for deliberately obscuring their corporation tax affairs has climbed to its highest level in four years, exclusive figures obtained by City A.M. reveal. The tax man last year penalised 62 firms for purposefully sending incorrect information to possibly slash the amount of corporation tax they pay, up 35 [...]
Chrysalis portfolio slides 23 per cent as Klarna plunges in value August 22, 2022 Prolific tech investor Chrysalis Investments said the value of its portfolio had plunged 22.8 in the second quarter of the year as its stakes in firms including Klarna and Starling tumbled in value.
